Okay, so we’ve got Apple’s Q2 results out tomorrow and expectations aren’t very ambitious (see Outlook in below Investment Summary). It’s the big issue that is going to get the share price right however, and by this, whether we are looking at a re-run of Sony over two decades ago after Akio Morita stepped down. […]
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Yesterday, Sky announced its Q3 FY16 results (the Jan-Mar 2016 quarter) where it reported a slight deterioration in net subscriber additions in its core UK operation (of +70k QoQ vs +127K the year before) including an increase in churn from 10.1% to 10.7% notwithstanding a flat ARPU of £47. After the +6.8% UK sales increase […]
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When Vincent Bollore forked out the equivalent of €864m on a 3.5% stake in Mediaset and a 88.9% stake in Mediset Premium, do you think he was provided with more financial details relating to the scale of MS Premium’s losses than has hitherto been released to the markets? With an implied cost for this pay […]
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Reviewing last week’s Mediaset results I was struck by a sense of deja vue. Here was a company that for a third consecutive year was denying that it was not trying to sell its lossmaking PayTV unit (Mediaset Premium) in the face of supposedly well sourced rumour to the contrary, this time to Vincent Bollore’s […]
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“Silence”. That is what I hear after yesterday’s March US non-farm payroll figures. Even a few months ago, these data points, while flawed were eagerly awaited as harbingers of revisions in US Fed monetary policy. Not any more. After February’s decision to hold rates in what looks like a clumsy attempt to goose oil prices […]
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Give the market a number and it’ll quickly throw back a result. No one should doubt investors’ ability to do basic maths. Give it the wrong number however, and the result will more than likely also be wrong. The old adage of “rubbish in, rubbish out” remains as valid now as ever, which is why […]
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Seems someone noticed the price went up +14% last week. Thank you Barron’s. http://www.reuters.com/article/us-usa-fedex-barron-s-idUSKCN0WN03K From the “see it move, chase it” school of investment Keep checking for our next portfolio change here
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If you’re looking for a US cyclical to rotate into after Yellen’s performance of ignoring all her own data and refusing to put up rates, then I think FedEx may not be a bad home and as a consequence we are adding this stock as a long to our model portfolio with the shares having […]
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