I have written about Tui (TUI) in the past as a good shorting opportunity and so it has proved. The company came within a whisker of going the way of Thomas Cook during the pandemic and had to resort to three rescue rights issues and a German State bailout to survive. The share price tanked and is still way below its pre-Covid levels. Things look a lot rosier now, however.
First of all, can I say a very big thank you to all the generous readers who sponsored my 100 kilometre walk last weekend for fighting Motor Neurone Disease. Our small group, including ShareProphets reader, Nick Mauger raised over £8,000 including gift aid way above our £6,000 target
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.