10/10 for Rogue Analyst
I’ve been following Rogue Analyst for a while now. He’s a blogging investor who talks about his own share holdings.
It’s a brave thing to do, honestly. For one thing, no investor has a 100% track-record. For another, there must be a temptation to put a positive gloss on events when they go against you.
Here’s Rogue [...]
UK plc is fit and healthy…
If the annual reports of Connaught, Group NBT, and Associated British Foods are anything to go by UK plc is fit and healthy. But we should reserve judgement.
Continuing my evangelism for the annual report, and the role it can play in discovering good companies I have a few more for you this week, though it’s [...]
Car crash companies set for recovery
According to Dr Keith Anderson’s Naked PE ratio, the cheapest six companies listed on the stockmarket include two companies in the auto industry. All six look like they’ve been in a crash.
Every three months I bring you the cheapest six stocks on the market fresh from the spreadsheets of Dr Keith Anderson, a lecturer at [...]
Merve on the Rock
If you’re still looking for enlightenment on the bail-out of Northern Rock, switch Radio 4 on tonight at 8.00. Mervyn King talks to Robert Peston, the BBC’s business editor, who broke the story and has covered it pretty well since. Here’s the transcript, and there’s comment a-plenty on Peston’s blog.
Stock exchanges of the world
If you spend your days pondering market moves in London, New York and Tokyo you’re probably missing out on a whole world of stock exchanges
Inspired by the emergence of Africa as a target for investment, here’s a photo taken by Stephen Eckett on a recent visit to Tanzania.
It’s the Dar es Salaam Stock [...]
From bail-out to buy-out
A popular assumption is that somebody’s going to buy Northern Rock, or its assets and that, along with the various guarantees offered by the Bank of England and the government, must be informing the decisions traders are making.
According to Citywire on Monday, broker Keefe, Bruyette & Woods has valued the bank at 475p a share, [...]
Falling in love again
A drawback of using the historic price earnings ratio to value a company is it’s future profits, not last years that matter. That explains why Fonebak’s PE ratio of 6 is so low. This year the price has more than halved because the mobile phone repairer and recycler is making a loss.
It’s a shame. When [...]
Selling Northern Rock
It would be ironic, but it seems destined, that the credit squeeze that stopped the buyout business in its tracks looks set to jolt it back into action. Dealbook speculates that Northern Rock is headed for the block.
Scott Moeller, ceo of executive education at Cass Business School and author of a book on mergers and [...]
Was Northern Rock threatened by insolvency?
One thing that’s bothering me. The FSA says Northern Rock is solvent. But if it’s solvent, why does it need to tap the Bank of England for credit?
I think the answer lies in today’s trading update:
While Northern Rock has continued to raise new funds, these have been mainly in the short term wholesale debt markets [...]
Northern Rocky
Northern Rock has called on the Bank of England as lender of last resort.
It sounds portentous: On the Financial Services Authority’s recommendation, and on the chancellor’s authority, the Bank of England is providing “liquidity support“, aka a “bail out”, to Northern Rock in the form of credit at penal rates guaranteed against its assets.
The FSA [...]
