Monthly Archives: November 2012

Steven Dennis made some interesting observations about JC Penney on his blog. He might very well be proved right – the JCP turnaround is no sure thing – but I thought I’d like to react to some of the points … Continue reading →

Gotta love these quotes by Bill Bonner in MoneyWeek: How can Obama fix the economy? … He’s never even run a hotdog stand, so he’s not likely to figure it out. But let’s keep going. “The US election was fought … Continue reading →

Summary of on 07-Nov-2011. 1. Experts are clueless. Journalists/analysts/etc. cannot help you as entrepreneurs. 2. Customers cannot tell you what you need. (This reminds me of a quote by Henry Ford: if we had asked customers what they wanted, they … Continue reading →

Various posters have come up different theories about the future of Hibu. Here’s my read on the situation. A rights issue wont happen. No-one would subscribe, at least not enough to satisfy current debt obligations. Another idea from left field, … Continue reading →

HIBU released a chilling RNS today, which has sent the shares down 20% as at writing: A number of capital structure options are being considered and these are likely to result in little or no value being attributed to the … Continue reading →

For comparison purposes, I pulled out all the defence companies on the LSE that I could find, and compared their latest reported net debt to revenues reported in the finals. Here are the ratios: NDEBT/ REV     PER AVON   9.1%   … Continue reading →

LAM (Lamprell) does the following: The principal activities of the Company and its subsidiaries include the upgrade and refurbishment of offshore jackup rigs; fabrication; assembly and new build construction for the offshore oil and gas and renewable sector, including jackup … Continue reading →

Bloomberg news reported that Carlyle Group walked away from a potential bid for CHG (Chemring). Negotiations had been extended twice, and there were two downgrades by Chemring. Chemring said today after Carlyle pulled out that it will continue to feel … Continue reading →

Just taking a further look at the other short positions on the FSA’s spreadsheet. Very interesting reading. Not that I know squiddly, of course, but some of the positions look decidedly iffy. For example, I see that Henderson Global have … Continue reading →

The new transparency rules on shorts – very interesting. Be sure to peruse the following site updated daily: http://www.fsa.gov.uk/static/pubs/international/short-positions-daily-update.xls I’m now more bullish on PIC (Pace) than I have been for a long time. I’m happy to hold for now, … Continue reading →