Monthly Archives: January 2015

$BABA – Alibaba – earnings miss

$BABA (Alibaba) is down 9% today on news that the “quarterly sales missed Wall Street expectations, raising concerns that the company is showing signs of a slowdown in growth”. (ibtimes, http://is.gd/QQUChZ). I’m actually a little surprised by this. I figured … Continue reading

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Jim Cramer/Steve Ballmer lookylikey

Thought I’d post my pic that I put onto Twitter here. I’m surprised that no-one has ever thought about their likeness before. Mirror, mirror, on the wall, who is the most insane of all? All hail the Sweaty One.

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$INDV.L – the elevator pitch

The idea is: you’re buying at a discount to a comparable, with favourable optionality from the pipeline. Indivior’s big scare card is declining revenues due to competition from generics. It’s current market cap to revenues was around 1.3. Consider a … Continue reading

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$IBM – difficult to see a franchise

Ah, the American markets are so much more fun than the UK. The big news about $IBM is, of course: “Forbes reports that IBM will be laying off 26% of its employees next week”. I’m not sure how anyone can … Continue reading

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$FLYB.L – trading update disappoints market

FLYB (Flybe) released its Q3 2014/5 trading update today, sending the shares down 23% to 69p at the time of writing. The share price was down about 10% yesterday, in a move that seemed suspiciously prescient. It’s difficult to know … Continue reading

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$BABA Alibaba – the madness of crowds

$BABA (Alibaba) shares traded up 3.25% to $103.29. It has a market cap of $249b. It’s annual revenues for 12 m/e 31 march 2014 was 52.504b CNY (8.45b USD). That gives it a PSR of around 30. Doesn’t it occur … Continue reading

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My inane ramblings on commodities

First, a disclaimer: I have no idea what is going to happen, and what I know about commodities could be written on the back of a postage stamp. Got that? A couple of days ago I decided to increase my … Continue reading

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