Category Archives for "Uncategorized"

Currency tail wagging investment dogs

A safe play would seem to be to bet on UK Sterling weakening further.  What matters is not that a ‘Hard Brexit’ might turn out a lot better for the economy than portrayed by ‘Project Fear’, or that Theresa May could still manage to secure Brino, but that evidence of the former would be beyond […]

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“Normal profits are becoming normal for airlines” – be afraid!

Recency bias is alive and well. “At long last, normal profits are becoming normal for airlines”, so says the IATA in its June 2018 industry update titled “Solid Profits Despite Rising Costs”.  After a couple of years of improving margins and ROIC, is this a paradigm shift for investors to jump aboard? Unfortunately, it feels […]

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Weaning consumers off the debt fix – maybe

Well that seemed short-lived. Perhaps the bounce in US equity markets on the February non-farms was just a one day wonder. The numbers however, weren’t too shabby for equity prices; the combination of a better than expected net job growth (including upward revision in the January guesstimate), but with a lower pace of average wage […]

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Wazzup – 23rd May 2017

Chemicals day at Wazzup.     –  Yesterday’s $14bn merger announcement between Huntsman and Clariant show that it can be done, notwithstanding Akzo Nobel still playing ‘hard to get’ in face of PPG’s multiple advances. With the sector also at the cusp of pushing through price rises to recoup earlier increases in raw material and […]

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Wazzup today in the markets – 16th May 2017

ITE (ite_l) – H1 FY17 results & strategy review:  Underwhelming on both                                                                     . Vodafone (vod_l) – FY17 results:  Value trap as investors […]

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