Evil Knievil: Tying a loose end

If a reader is at a loose end, I advise listening to BBC Radio 4’s 3.00 p.m. performance on Sunday afternoon of Episode 1 of Leave It to Psmith. It is easily the funniest hour I have spent in years. Episode 2 is same time next week.

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Surely there has to be a revised expectation on the part of the market of the proper yield on gilts. If so, interest rates rise, and the long gilt contract goes down in price. Currently 137.77.

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I was involved in Totally (LON:TLY) at the outset of its NHS support role and I decided that I like Wendy Lawrence the boss. However, the share price seemed to me to run ahead of events. So I sold. However, I did phone Wendy and told her why. Now I am inclined to reverse that stance although conscious that TLY has bounced quite a bit off the bottom.

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When Sir James Dyson announced his electric vehicle I thought that that was symptomatic of the challenges that Tesla faced. But, at least as considered in yesterday’s Sunday Times, the breakeven selling price of this 2.5 tonnes vehicle had to be £150,000. This is astonishing but explains why Sir James has backed off. It’s cost him £500m.

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Finally, I have been urged to buy Avacta (LON:AVCT) again. This morning I paid 150p.