Mrs May’s staff yesterday repeated her wish that no general election will occur before 2020. This is extraordinary. Time and again, events must pop up that will give Mrs May difficulties in commanding the House of Commons. It must be hugely tempting to go to the country when, surely, she would sweep it, if not from end to end (for Scotland is a law unto itself), then sufficiently to give her a hundred seat and more majority. On the other hand, it is possibly her judgement that leaving the idiot child Corbyn unchallenged might be the happiest way to paddle her canoe. Nonetheless I kept taking 2/1 against a 2017 general election.
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Fevertree (FEVR) this morning offered its results for the year ended 31st December 2016. They are pretty stellar. EPS were 24p or around double those for the preceding year. The total dividend is now 6.25p. But given that there is hardly any asset backing the share price at 1,385p is way way ahead of events. Let the prospect for EPS ease back a bit and the collapse will be savage.
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Molins (MLIN) advances a fraction or two. Surely the disappointment expressed at the recent results announcement is now conquered. There is still time to climb aboard at under 75p.
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Finally, I am set to be interviewed by Anna Mikhailova of the Sunday Times when at Master Investor this Saturday. The development of this conference this last fifteen years has been considerable. I wonder what she will make of it.