TalkTalking of law: Some have canvassed the idea that TalkTalk (TALK) faces financial ruin through litigation brought by its customers. Perhaps. But I doubt it. Say TALK has in effect handed a customer’s bank account number and sort code to a fraudster he is not thereby enabled to make payments since he does not hold…
I nicked 3p out of Glencore (GLEN) on the capitulation scenario by going long. OK, it is not a lot but it was a gimme. ***** However, the real news is Ennismore’s comments this morning on Globo (GBO)‘s results. The chief debagger writes: “Gents, I know you all have an interest in Globo. In case you…
The outlook in this morning’s press was so gloomy as a result of this VW affair, I just had to nick a few points going long on FTSE. That noted, after VW, who is next to be excoriated? ***** Lord Ashcroft has revealed himself to be a prize ass. He even paid for all this…
Glencore (GLEN) may have raised £1.6bn at 125p thus inducing the market to judge that 125p is a floor. I doubt it. Ocado (OCDO), 317p, shows no sign of getting anywhere near justifying its current capitalisation. For a long time the price was held up by the notion that Amazon would bid. But it was…
Time for common sense: I took another look at Global Res IT (GRIT): It’s not as obvious a slam dunk as I originally thought but I think it has merit. TNAV is 39.5p and that is after deducting £5m of 9% CULS. The convertible aspect is neither here not there. This contrasts with the fact…
I had my first bet with William Hill when I was seventeen. It was by post and the envelope had merely been time-stamped by the local Post Office. Cheques were accepted and winnings, if any, came back a few days later in the form of a cheque. I never hounded my fags to work hard…
You could knock me over with a feather. As soon as I went through today’s half year RNS from Foxtons (FOXT) I decided that the share price would go straight down through 200p. But, instead, at the time of writing, it is hovering around 240p. It is true that I do not like the cut…
