1581 days ago
I start with a service announcement. Then I look at Anglo African Oil & Gas (AAOG), Optibiotix (OPTI) and then I discuss Christmas, retail trends and macro trends. Though he arrives by the wrong route, Malcolm arrives at the right destination on this matter.
1893 days ago
My daughter Olaf is on half term and bored so has called twice to discuss the great issues of the day. Being an Islington leftie she reckons that ISIS supporting nutter and her son should be allowed back into the UK. I disagree. In the podcast I also look at Footasylum (FOOT) and the lardbucket loud-mouth wild card when it comes to being short retail, at Yourgene (YGEN), Falanx (FLX), African Battery Metals (ABM) and Red Rock (RRR), Victoria (VCP), Motif Bio (MTBF) and Plexus (POS). To go heckle Zak Mir, drink as much free booze as you can and grill Andrew Bell next Monday book your seat HERE
3051 days ago
My sleep patterns disrupted by a late night screening of Star Wars and ealy morning writing to accomodate the travel arrangements of pizza Hardman Darren Atwater, I have only just woken up. The Mrs is out at a party with some Krauts and so I engage in a few reflections on a changing world and how that affects work and investment decisions. Malcolm Stacey is the cue...
3405 days ago
I am now preparing for my third Christmas lunch. Duck, goat now goose. Each time followed by Christmas pudding. Ahead of that "treat" I reflect on possible liquidity events next week, tips of the year, Avanti Communications, Quindell, why I am bearish short and medium term, the folly of just publishing buy tips and question why anyone invests in retail any more. I just do not get it.
4050 days ago
Some folks think that I am the lackey of bear raider Evil Knievil, writing to order to suit his needs. Au contraire. He does not work for me and vice versa and given how insufferable the old boy can be when he gets it right, I – like many – take a perverse pleasure when one of his short positions sees his financial toes roasted close to the fire. And online retail giant ASOS (LSE:ASC) has roasted Evil badly over the years. He has been short for much of its meteoric rise and he is still short with the shares at 3,334p – he will carry on getting burned.
I write this totally objective comment on ASOS even though it uses as its PR form College Group which I appear to be having a bit of a battle with as of this afternoon. To read about Kay Larsen PR prude at College Group PR, Pornography, Cheryl Cole, sheep shagging and Advanced Computer Software click HERE
Moving on from the prude to the bear. Cawkwell (that is to say Evil Knievil) has always been of the view that ASOS shares trade on too high a PE because at some stage the earnings growth rate will slip. So far it has not happened and I guess it will have cost him several hundreds of thousands of pounds. It will cost him more.
