My old father has been bed bound in a downstairs room for m any months now. In these days of Coronavirus he can only speak to his children, step children and gerandchildren on the phone. His only human contact is with a team of masked carers who give him food and drink and do an amazing job of keeping him cheerful. And thus his 82nd birthday this weekend cannot have been his best. However…Monday 6 April 2020
My beef with Angling Direct (ANG) is that I view fishing as a sport increasingly enjoyed by old codgers. I look at the local club that rents our stretch of the River Dee and fear that after each cold winter it will be needing rather fewer pegs. I see a business growing its online sales sharply but whose offline operation still accounts for half of sales and which, for all the usual reasons, must be in decline. And today we have a Covid 19 update and a big warning on cash which, for reasons I am sure you can guess, does not actually say how little cash is left.
It is like extracting teeth. Getting the proven liars at Versarien (VRS) and the morally bankrupt evil PR spinners at Yellow Jersey, of the Frontera fraud infamy, to tell the truth, the whole truth and nothing but the truth is a nightmare. And we are still not there yet. Today, however, the company has been forced to start to clarify.
On the occassion of my father’s 82nd Birthday i ponder how miserrable life must be for him today. I urge you to hold your nose and go online to the Mail on Sunday just to read Peter Hitchens today. His column is golden prose, a joy to read. we agree on the coronavirus and the Government’s appalling response. Luke Johnson is in the same camp and I quote from his Sunday Times column reflecting on where my animal spirit sits as a consumer, an investor and an entrepreneur. Where, I ask, do you sit dear listeners? I sense, in many cases they have been crushed and thus what lies ahead is a recession of the sort few of us have ever seen before.
Every dog has its day. Even the Miton Smaller Companies Fund run by the new Neil Woodford, Mr Gervais Williams. In March it managed to lose just under 12% in value whereas the small cap unit Trust sector saw an average loss of c25%. So Gervais, for almost the first time in five years, beat his peers. But the absolute losses were compounded by yet more redemptions and, thus, the precipice of an FCA driven gating, draws ever closer.
My old father has been bed bound in a downstairs room for m any months now. In these days of Coronavirus he can only speak to his children, step children and gerandchildren on the phone. His only human contact is with a team of masked carers who give him food and drink and do an amazing job of keeping him cheerful. And thus his 82nd birthday this weekend cannot have been his best. However…
I have not got a scooby about this one so offer no advice. But if you take part in this Primary Bid offer HERE and registered via Shareprophets remember we get a small fee. I should however flag up that young Steve Moore, who was, after all, trained by a master and is thus usually right, reckons that this is another FinnCrap dog to avoid.
So the Prime Minister had to go to hospital as his recovery from Coronavirus is not progressing as planned. The reaction on twitter was sad and predictable. This tweet below from a chap whose emoji indicates membership of the American Socialist party, being just one example. Once again humanity does not always show itself in the best light.
I start with a swipe at the failings of the deadwood press and the behaviour of the soccer Premier League. More on the former in a podcast on my own website later this weekend – a promise for comrade Euro Loon Jonathan Price. Then a look at Debenhams whose demise I regard as a silver lining from the Covid 19 cloud. I think Zombie firms should all perrish. But the main part of this podcast looks at Executive Greed and with firms asking either investors or the taxpayers for a bailout now is an ideal time to lance this boil.
A market and COVID-19 response update from BP (BP.) – and the shares 3% lower at 333.7p on the back of it…
It will be a strange birthday for the Mrs here in Wales. At least she has my cooking to look forward to. Most of this bearcast looks at bailout madness. Where do we stop? Soccer clubs, Rugger clubs? The charities. In, almost, all cases I argue we shiould not be bailing them out. Indeed if Covid 19 alters the face of pro sport and the Charity sector I think that is a good thing. Then there is the deadwood press. I also look at Bagir (BAGR) and Tullow Oil (TLW).