It has taken a very long time but it does seem that Quantitative Easing now comes to a stop. It will not be overnight but this surely means that interest rates are on the rise. It is very hard to see equities going ahead in this climate.
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One feature of life has not however ceased. Apparently, Obama picks up a speaker’s fee of the order of £300,000 a time. Given the startingly mundane quality of the information thereby gleaned the only explanation is that members of the audience are drawn to gawping at fabulous expense. Goodness only knows why.
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600 Group (LON:SIXH) held its AGM yesterday and disclosed a trading update for those unable to attend. Things are going well. Further, this statement overrides a residual fear that I have had which is that I reckoned that there had to be the possibility of a hidden horror to explain the extraordinarily low rating. There is no such horror.
But SIXH announced that they are raising c. £1m at 13p a share. Once this clears (it may have already done so) the price will surely go up.
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Finally, Clear Leisure (LON:CLP) this morning duly announced a settlement of its Mediapolis debt thus generating a 1.07p a share uplift in tnav. This is a little less than the 1.25p I posited a couple of days ago. This all leads the way clear to see the share price move higher to between, say, 1.5p and 1.75p. Suitable for the patient investor.