Evil Diaries: Climb Aboard BWNG

Two members of the Alliance family have popped up today as each having acquired 1m N Brown (BWNG) at 20p. Quite why the shares are unchanged this morning I have no idea. BWNG have openly disclosed that they are doing well.

Where there is an interesting trading position lies in Shein seeking to list in London. This is irritating the sillies – hence the delays in this listing. What Britons seem not to know is that by breaking up deliveries from abroad into parcels below £135 no Vat is payable eventually by a British customer. This is an absurdly favourable advantage to Shein. 

This is by no means the silliest anomaly. Treating customers visiting from Dubai as if they are in the same categorisation as domestic customers means that the Dubai lot go and buy goods on the Continent. This nonsense has been going on for at least two years.

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Warren Buffett, no less, has observed that where a new manager arrives it is the company’s reputation that succeeds and by implication very probably not that of the incoming manager. This suggests that Burberry (BURB) is probably not a buy. 

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I emailed a chum who has emigrated to Monaco since he/his family are very fearful (and understandably so) of a deteriorating economic climate in the UK for non-doms. I told him that I am sure that his family have decided wisely. He replied “semper et in perpetuum”. For those of my readers who have not sat at the back of L.A. Wilding’s Latin form this means “for ever and in perpetuity”.

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On the run up to the election, an uneducated fellow, Wes Streeting, kept on blathering how banning the non-dom status would lead to increased taxation revenues. He has clearly never read the legislation that was and still is in force. Wes wants the wonga to right the NHS. It is not going to be available. 

His colleague Yvette Cooper who has a first class degree stopped yakking for removal of the non-dom status since I imagine her husband Ed Balls would have pointed out to her that she was simply misinformed as to reality.

In the meantime Wes has declared that the NHS is broken but instead of mending it he has called in Lord Darzi to review the NHS’s workings with a view to plotting a cure. The report is due in December at the earliest. Dear God!