I wrote recently here that Petrofac (PFC) would be the next shoe to drop after Superdry (SDRY) and observed that the bond market is invariably better at pricing risk than the stock market.
I am not a great one for conspiracy theories but there does seem to have been something a little choreographed about Iran's strike on Israel over the weekend.
The debate raised in a Bloomberg article by Matt Levine about whether fundamental analysis was an eighty-year flash in the pan that is now over (and taken up in a recent bearcast by Tom) is fascinating.
When a roll up stops rolling up, usually because it is denied further credit, and starts shrinking it is rarely good news. This is evidently the case with controversial carpet maker Victoria (VCP), about which I written a fair bit in the past and which served up a dire trading statement on Wednesday.
Hats off to PABaker for correctly answering my little quiz on Thursday to celebrate the Emperor of Japan's birthday The two unnamed companies were indeed Toyota and Tesla. Despite a much lower market value (the gap is closing fast) Toyota boasts much higher revenues and profits and also has the advantage of not being run by a sociopathic drug addict.
Tomorrow the Emperor of Japan, Naruhito, celebrates his 64th birthday. It is a national holiday. The gift from his stock market which will be closed has therefore arrived one day early. Today the Nikkei 225 index ripped to its all time high, finally overtaking the 38957 level last achieved 34 years ago when he was in his twenties, and of lot of readers were probably not even born.
For me the story of the year has unquestionably been Tingo (US:TIO). A fraud that even the staid SEC has called “staggering”, an epithet perhaps even more damning than the “brazen” applied by Nate Andeson of Hindenberg Research. (hats of to him for a fabulous year and a huge service to the markets: Adani and Icahn being really gutsy scalps as well as lesser pond life life Tingo)
Between now and January 3 we will serve up 20 share tips of the year from the team at ShareProphets. Most writers pen two tips, Tom will do 6. There will be longs, shorts, blue chips and small caps. We continue this series with a SELL from Lucian Miers.
Between now and January 3 we will serve up 20 share tips of the year from the team at ShareProphets. Most writers pen two tips, Tom will do 6. There will be longs, shorts, blue chips and small caps. We continue this series with a SELL from Lucian Miers.