Hello, Share Scroungers. There’s increasing evidence that the moggy we picked up at the local cat rescue service is of the rare and valuable Norwegian Forest breed. Should I sell him to burnish the fallen value of my shares? Of course not. And to worry about share prices is probably a useless concern, anyway. Because I continue in my view that share values will soon bounce back.
Hello, Share Monkeys. Though you’re probably sick of Brexit, there’s no doubt that many of you worry about the current mess’s effect on our shares. I’ve tried to reassure you on a few occasions. But as the situation is constantly changing, it’s worth bashing on about the permutations, at least until the big vote.
I suppose we should all have seen it coming, and perhaps many of us did to some extent, but I have been left utterly bemused by the week’s events in Downing Street following the draft Brexit proposals which look to be anything but. I thought I should look at my mini-dividend munchers portfolio to consider whether there is anything one should do, but the political events seem to be worth addressing from my little corner too...
In today's bearcast I clarify why I believe Mrs May's Brexit deal sucks and should be binned. But what happens next? I outline a few possibilities but admit I have not got a scoobie. I then look at Neil Woodford dog Eve Sleep (EVE) and again at UK Oil & Gas (UKOG) after today's disastrous news.
That insolvent Andalas Energy (ADL) is undertaking a placing is no shock. It is insolvent with negative net current assets of at least £400,000 but thanks to some fairly sordid share ramping it has managed to raise a gross £1 million at 0.02p. The ramping of shares in this company with worthless assets is pretty unpleasant but what is laid bare in the news is the sheer greed of City advisers notably brokers Novum – of Jon Belliss and Gavin “I made £750k from Globo - Burnell infamy – and Optiva.
Again Carillion (CLLN) dominates the news and the political class is talking utter tosh with our useless Prime Minister Mrs May leading the way. By way of contrast Luke Johnson is superb in his Sunday Times Column today. Luke for PM before it is too late.
Hello Share Spotters. As many members of her Cabinet are pressing Mrs May and her chancellor to ease back on austerity, I’m reminded that the growing national debt seems to deny that there is any real frugality at all.
Well I got this wrong and what a total fucking disaster the Election was. I am now taking bookings for those who want to emigrate and move in with the snakes at the Greek Hovel. In part 1 of this bearcast I look at what went wrong with my analysis and with the result and what happens next politically. Thank heavens for the good men of Ulster say I. But I am not sure how long Mrs May can last
ShareSoc it is starting to serve up some opinions of worth. Its latest comment on the RBS scandal is bang on the money and shows why the UK Financial system is flawed and will screw we little people every time.
If the Prime Minister does a fraction of what she promised in her big speech this week, we can see shares soar like a stone from a ballista. But talk is cheap. However, as I’m not a cynical soul, there was the odd thing said which gave me hope - and I’m talking about my personal share portfolio. But I expect we hold a lot of sectors in common.