3446 days ago
Chris Bailey of Financial Orbit is on my mind for three reasons and I explain why. One of them is APR Energy which I discuss and Chris will post on later. I also look at two China POS stocks, the fraud Sorbic and Auhua Clean Energy. Then at Thor Mining, Trap Oil and Mosman Oil & Gas. Then it is onto the boiler room stocks: Inspirit, Sabien and Flowgroup. Warning: this podcast contains both bad language and also a lot of racist generalisations about folks from Australia and New Zealand with the exception of Kylie Minogue (pictured) who can, of course, do no wrong.
3902 days ago
I attracted an unprecedented (even by my standards) amount of grief from Bulletin Board Morons for being persistently bearish on AIM Cesspit listed Range Resources (RRL) all the way down from 5p until December. Then at 1.28p I did not tip the stock but merely ran it as a (successful) trading buy in my Christmas trading challenge with Steve Moore.
That call also earned me grief because by then the Morons (without apologising to me) had decided that Range Resources head honcho Pete Landau was now the devil incarnate. The shares are now 0.82p. Where next?
For what it is worth I do not regard Landau as a devil incarnate. Folks can often get too tied up with personality. Landau may be Australian but then so is Kylie so not everyone from Oz is a bad person. But unlike Kylie who delivers winning smile after winning smile, I am afraid that Landau
3954 days ago
One gets into a spot of bother with your bank accounts getting frozen in a country where you do a lot of business. But heck, you are on the AIM Cesspit, the accounts are in bongo bongo land so no-one will get to hear about this affair and you know that you will be able to sort the darkies out sooner or later so why should Pittards (PTD) have bothered to fess up to investors. Who gives a FF about AIM Rule 11 anyway?
It is not as if sleepy Nomad (step forward John Wakefield at WH Ireland) gave a damn – he told Pittards that there was no need to bother shareholders with news of this rumble in the jungle. But fear not, since I am an avid follower of the must read publication International Leather Maker I will help Pittards shareholders out by publishing for them the RNS statements they could not be arsed to publish themselves.
International Leather Maker really is a bodice ripper. The most read article of the past seven days is: ECO2L -Climate protection and Leather which relays the “First experiences with the environmental certificate: Energy Controlled Leather (ECO2L) by Dr Thomas Schröer, Verband der Deutschen Lederindustrie (VDL) Dipl. Ing (FH), Jutta Knödler, I-T-G GmbH.” Sod the next series of Nashville, Kylie on The Voice or the Bridge Series 2 this is real entertainment. It has it all.
I digress. My fave new website
4268 days ago
This went out on onefreesharetip.com a few weeks ago but perhaps meriots a wider audience I stand by my view expressed here:
It is part of the British DNA that we believe that house prices must always go up. That is not the case. Be warned. Falls of 30% or more are inevitable within the next few years.
Of course inflation (the erosion of the purchasing power of the pound) has made house prices a one way bet since the early 1970s. I will not bother serving up a chart just imagine climbing a ski slope. But this is an inflation given gain. It simply reflects, to misquote Harold Wilson that the pound in your pocket is worth far less than it was. You might note that in 1971 you could buy an ounce of gold for £14. Today that will cost you more than £1000. The destruction in the purchasing power of Sterling during the past 42 years has meant that all physical assets look, in headline terms, like smart bets, housing included. You cannot live in a bar of gold but it has actually been a better bet than UK house prices. So as it happens has been am 1870 Wisden cricket annual, but again you cannot live in it.
House prices have not, as anyone who bought in 1987 will remember, moved in a straight line. There are periods when they fall sharply. That happens because a) they get overheated and b) because there is one of two external shocks: either a sharp rise in unemployment or a sharp rise in interest rates and either of those two triggers mean that large numbers of people with mortgages cannot pay, default and become forced sellers.
