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Hope over experience: Argentinian government bondholders are probably about to receive a haircut of 20 per cent. Quite why anybody subscribes for such bonds in the first place is beyond me.
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Watchstone (LON:WTG) has received the go ahead to complete on the sale of its Canadian business, PTP Healthcare. I suppose there might have been a difficulty. But, thankfully, this is not to be the case. WTG is now 145p offer and remains a screaming buy. The target remains at 225p or so.
There is the small matter of the alleged aggrieved shareholders’ action for damages as a result of the activities of Mr Rob Terry. The lawyers will do well out of it. But I doubt if anybody else will.
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I bought Billing Services (LON:BILL) at 3.25p last Friday. It is not clear as to what TNAV is or whether the business is making money. But it seems that there will be a distribution as a result of the disposal of BSG for £4m. It is possible that tnav is 5p. But I can’t prove it. BILL is for patient small investors.