In this fifth edition of the ShareProphets Radio podcast sponsored by Riverfort Global Capital, this week, in order I discuss the morality of short selling or writing bearish articles, I interview a saint ( well in stockmarket terms) Malcolm Stacey who though a moral man is highly opininiated and has a tip or two, then I discuss Burford (BUR) then it is part two of the Sam Antar interview in which the king of the fraudsters looks at today's fraudsters, Elon Musk & Tesla, AliBaba, we cover Burford and useless accountants and so much more. Enjoy. If you like this and can't wait seven days for more of the same you should listen to my Bearcast every day.
In the old days ( i.e only three years ago) the BBC pension fund was invested, as it should have been in safe dividend plays like BP, Shell and BAT Industries. But that sort of portfolio played badly with the uber politically correct state funded broadcaster. So its all change. The new top 20 holdings as at 31 March 2018 are below.
Previously writing on ‘live data platform’ company WANdisco (WAND) early this year, I concluded with the shares having recovered to circa 800p that I continued to avoid and wait and see how the financial playing-out of ‘the opportunity in front’ of the company progresses before considering a more positive stance. Today a “Trading Update”…
John Hempton of Bronte capital in Oz, was a star of the recent Gold & Bears show and is right now King of the Bears - you can see his performance HERE. I started looking at Alibaba (US:BABA) as a cracking short yesterday HERE but now bring you a Hempton article from a couple of months ago which is absolutely brilliant. Read this and then tell me if you believe a word that Alibaba claims. It is a slam dunk short. Over to the King of the Bears..
I could not sleep last night so spent several hours looking at filings by Alibaba (US:BABA), the world's largest IPO. They seem red flag strewn and I would have this one down as a slam dunk sell for 2016. There will be more on this to follow but I am just putting a marker in the sand. Back in the UK I look at Gulf Keystone (GKP), African Potash (AFPO) and LGO Energy (LGO)
A few weeks ago I was reflecting on the irony that September 19th , the day of the Alibaba float on the NYSE, was likely to prove the high water mark for the Dow Jones for 2014 and possibly a good few years thereafter. (For those unfamiliar with the Alibaba fable, he was a thief)
When, in the not too distant future, learned books and articles appear discussing the crazy climate at the top of the bull market which started in March 2009, there will be various iconic examples greed and folly at the peak in 2014.
Last week we asked you for your thoughts on Alibaba, the world’s biggest ever IPO. It seems that 7% of you already hold the stock and 24% would buy at a lower price but that seven tenths of ShareProphets readers are bearish r not interested. And the results show why. We asked would you buy shares in Alibaba. And you said:
Shares in Alibaba have raced ahead since its IPO and the Chinese internet giant ( which could not get a HK listing away so is US listed is now valued at more than Wal-Mart. Are you temped or compelled to get on board? Personally I think the valuation is insane and am not wild about Chinese stocks in general. But what do you think? The deadline for voting is midnight Sunday and you can vote only once unless you are from Glasgow where it appears multiple voting is par for the course.
Alibaba, the Chinese internet giant, is set to go public. Supporters say that it is like Amazon, eBay, PayPal and Google all rolled into one and could be the most profitable company in the world. Does that sound too good to be true?