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I bought 20,000 Shore Capital (LON:SGR) at 170p before their permanent suspension. I did so because the shares are ridiculously cheap and because there will be a quote of sorts on the Bermuda Stock Exchange. However, I want to hold these shares for many years since I think the Shore brothers know what they are doing. (I trust St Peter Port Capital (SPPC) will receive their care.)
Watchstone (LON:WTG) is still very cheap at 150p. I have no idea why they rest down here. There is no evidence to support a case for caution.
REA Holdings (LON:RE.) is recovering very swiftly (the price of palm oil is up from a bottom of $480 to, now, $665) and the 9% prefs (RE.B) are still available at 81p. This is a screaming buy – ideal for an ISA.
Tom Watson had to go since he had lied about several highly respectable individuals and refused to apologise for having done so.
Finally, Magic Wand got bumped at the start of the Melbourne Cup last Tuesday and was inevitably put off her stride. As a result, she found herself behind a wall of horses entering the last stages of the race and simply could not get through. However, she did not expend energy on a flat-out finish and was therefore ready to run at Flemington on Saturday. She duly won. Even Ryan Moore smiled. (I had backed her last Tuesday to win £250,000 and left her alone on Saturday. That’s racing for you.)
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