Since the start of this century, Carl Icahn’s IEP has delivered an annualised return with dividends reinvested of 12.8%. That Buffett fellow has managed just 10.8% at Berkshire Hathaway while the S&P has delivered just 6.9%, the Dow 7.4% an d the Nasdaq 100 7.1%. Icahn’s aggressive corporate activism has paid off.
In today's podcast I consider US opinion polls as President Trump is indicted for a third time, Alison Rose and women FTSE 100 directors and how Ms Rose screwed women customers of NatWest (NWG) in particular. Then it is onto Orcadian Energy (ORCA), Optibiotix (OPTI), Wildcat Petroleum (WCAT) and Bushveld Minerals (BMN)
I start by asking why if the Met Office could not predict the weather today why I should believe its 77 year forecast? then I look at whether anyone is ever not rewarded for failure these days, ref NatWest (NWG), Wandisco (WAND) and Pod Point (PODP). Then to 3 articles concerning Compass Group (CPG) and the comedy of "Project Equity" - illegal woke madness - HERE, Andrew Neil comparing EU and US economic performance HERE and Kefi Gold & Copper (KEFI) is it all systems go? HERE
Hello Share Scramblers. The madness of the Stock Exchange still amazes this old punter. Even though I know from hairy old experience that it’s always been so. Now, how can we make money when logic goes out the window? Read on…
I am not saying it would or should but given that it is spaffing money on exploration in Ethiopia why isn't it just buying into/buying Kefi Gold & Copper (KEFI). The answer might reflect badly on Kefi, I just do not know. I also consider Centamin's (CEY) results. I start with snake barn thoughts. Then it is onto Alison Rose and NatWest (NWG) and Karl Monaghan at Wandisco (WAND) and why I despair about UK PLC and how the great and the good are protected. I consider Rua Life Sciences (RUA) and Great Western Mining (GWMO)
It is a busy world out there, but I will leave all the excitable happenings at NatWest (NWG) to the real experts out there, and talk about some more sensibly managed FTSE 100 corporate names. First up, is British American Tobacco (BATS), which announced its own CEO shift a month or two back. I reckon this was driven by the need to actually start bringing the business deeper into the 2020s, especially as progressively it will be moving away from the world of cigarettes. But even I, as a complete non-smoker, have to acknowledge that it will take a bit of time, as despite a 30% revenue increase year-on-year in 2023, non-combustible offerings are still only 16.6% of the company’s overall sales. However, just like hybrid and/or electric cars, the user market share is only going up.
Her position was untenable after she admitted – as I suggested was the case here – that she was the person who leaked to the BBC details of Nigel Farage’s bank account at Coutts and a claim that he was not targeted because of his political views. Many banking experts and media types have such Farage derangement syndrome that they defended Alison Rose the CEO of NatWest (NWG) the owner of Coutts. I disagree with Farage on much but what Rose and Coutts did was wrong. I could see the wood for the trees.
I start with Ms Rose and NatWest (NWG). then I look at Optibiotix (OPTI) and why I would not sell at 15p after interviewing Steve O'Hara today. I look at Cakebox (CBOX), AMT Energy (AMTE), Lansdowne Oil & Gas (LOGP) and at IOG (IOG).
I see it is another week of bank sector (and general financial market) excitement. Maybe I am just a glass half full sort of guy, but a bit of market volatility never really bothers me. Far more interesting is to work out how to react, not to panic about something theoretically you could predict and related. Anyhow, I do and I don’t care about banking stocks.
In the world of investing, one must know when to quit. Whilst it is, I hope, many years before I no longer manage my money, one shouldn't expect to own their favourite stock today, forever. After all, it is not just that the world changes (because obviously, it does), but any share can become fundamentally fully-valued; that is when to move on.
Congratulations if you are a Brewin Dolphin (BRW) shareholder after the announcement a few days ago that “Royal Bank of Canada swoops in £1.6 billion deal…260-year-old City stalwart set to fall into foreign hands with shares soaring 61%”. And today I read that “NatWest Group (NWG)…is among a group of parties expected to examine takeover bids for Tilney Smith & Williamson”. It is good news for any shareholders in names being bid for at chunky premiums, but it is not good news for underlying client investors in my opinion. And here’s why…
Hello Share Chompers. At last, our debt-laden Government has sold shares in NatWest Group (NWG) back to the bank. That means that the Treasury no longer holds as much control over the bank as its voting rights now fall below 50%. Following the sale of a chunk of its shares, government ownership in NatWest is now at 48.1% – down from 50.6%. The plan is to cancel all these shares. That can only be good news for the share price.
I was amused to see that “Scottish Widows pulls million investors out of tobacco” as I noted yesterday that “I’ve never smoked, but I do still believe that shares in Imperial Brands (IMB) are cheap”. It is fine not to buy a particular sector but where do you stop? After all you can also not buy alcohol, military and commodity shares (and more) on a similar rationale. From my perspective, I am happy to see both Imperial Brands and British American Tobacco (BATS) shares up this morning as I write. Meanwhile I also observe that NatWest Group (NWG) shares are up today despite the government announcing a further share sale…
Is it time for me to sell my (extremely small) NatWest Group (NWG) shareholding? The last time I wrote about the stock in August 2020 with the mad world of stimulus and ultra-low interest rates – and despite the government’s still 60%+ shareholding in NatWest then - I thought the sector was cheap. Since then the shares have approximately doubled to their current just shy of 235p level. So time to sell the NatWest holding or not?
I start with a few other comments on Greek Hovel matters. Then I move on to talk about three companies which I shall be or are discussing with the FCA: Zenith (ZEN), Eqtec (DOG), and Verditek (VDTK). Then onto NatWest Group (NWG) where I apologise for my bad language. Finally my thoughts on the gold price and comments on gold stocks I own: Centamin (CEY), Ariana (AAU), Kefi (KEFI), Bluebird Merchant (BMV), and Xtract (XTR).
I hope that the old renamed Royal Bank of Scotland did not spend too much money on its rebranding, as calling themselves NatWest Group (NWG) did not require that many brain cells. Sadly, a change of name did not immediately change prospects. After all, it does not matter if you have a mortgage heavy book or not. In today’s world, you are not going to immediately change your prospects if you are a bank. NatWest Group trades even more cheaply than Lloyds Bank (LLOY) at x0.4 price:tangible book, but then it does have the disadvantages of higher loan-to-value mortgages and the government on its shareholder register (owning a cool 62%).