The starting salaries of some British workers: Soldier £17,900, Firefighter £21,500, Nurse £21,700, Teacher £22,000, Policeman £23,300 and, finally, London Tube driver £49,600. It is little wonder that the union is protecting the last figure with the desperation of a cornered rat.
When an organisation turns in on itself and engages in absurd poses, death is on its way. Thus must be categorised the emergence of Jeremy Corbyn as a leader candidate whom I have always known to be barmy. It is now disclosed that he is a full blown Trotskyist. Therefore he has no chance of persuading the country to vote Labour. It can only mean the end of the Labour party.
Sirius (SXX) yesterday floated the idea that it needs to raise £2bn. This is quite a lot of lolly. They might succeed – but I doubt it. What seems to be certain is that there is no chance of this project’s succeeding. If so, Sirius is a very safe short at 17p.
Meanwhile, the world centre for gasbaggery, Avanti (AVN), offers yet another RNS this morning by way of a contract win. As usual there is no money disclosed or commencement dates. Plus ca change.
I am reminded in relation to World Acceptance (WRLD) that the alleged short interest in WRLD is 4,300,000 shares (72% of the free float, according to Bloomberg). Days to cover is only 18, thanks to recent high volume, which at least suggests some fragility in the shareholder base.
Finally, I have received an astonishing account of arson in relation to commercial properties. Note, particularly, the involvement of Isaac Wolfson.