Imperial Striptease An extract from the diaries of infamous bear raider Evil Knievil
Today on UK-Analyst.com we bring you an exclusive extract from the diaries of legendary bear raider Evil Knievil, taken from his popular thrice-weekly column only on t1ps.com. As well as Evil's exclusive diaries, three times a week, t1ps.com also offers 20 hot new tips each year with frequent updates from Tom Winnifrith. While the success of Tom's tips varies and some have gone down in value, from the foundation of the site in the summer of 2000 to 29th February 2012 the average gain per tip on t1ps.com was 47.03%, with an average holding period of 34 months. This excludes the bid-offer spread and dealing costs, but also dividends, which in various cases have been/are substantial. To see all Tom's tips join t1ps.com now for as little as GBP73 for a year's membership. June 20th 2012 Yesterday's Times ran a lead story on taxation avoidance. I reckon that the scheme insofar as it was described accurately seems to me to be defective in that it is clearly artificial. I imagine that some bright spark at HMRC has noted this long ago. So I suspect that quite a lot of taxpayers are going to have their files reopened. For those on the paying out side, this will not be fun. Rare Earths Global (REG) has today announced a $50m secured loan (which has yet to be finalised). But upon what would this loan be secured? There was a flurry of revived interest in Adventis (ATG) yesterday since some debt of that company has been sold on. This prompted the kneejerk response that the fact that debt can be sold (and therefore must be worth something) means that there is hope at Adventis. Think again, Dick Twittington. However, to my revival oil portfolio I yesterday added RusPetro (RPO) at 134p. That looks rather cheap where the target price remains 750p.
22nd June 2012 I bought back Bellzone (BZM) yesterday. But I may have done it too early. Deo Petroleum at 25p offer yields two Parkmead (PMG), now 12.5p bid. I would sooner short Parkmead. Where I am confident that I ought to make money is on my short of Carpetright (CPR). For this is palpably the most overvalued stock quoted on the LSE. The interesting thing is that everybody knows this already and that, therefore, the short position is, relative to the size of the company, massive and forever standing in the way of a decline. Many would advise that a short is therefore folly. But the emperor's boxer shorts have yet to be stripped off until the results statement in a week's time. Who knows what we will find then? A prime Harris pork banger? Or merely a depressed and depressing chipolata? We shorts can yet profit. Now 680p. Yours sincerely, Evil's Idiot Diarist Don't forget, the only place to read Evil's diaries in full is on t1ps.com, which also features 20 hot new tips a year and frequent updates from top tipster Tom Winnifrith. To get 20 hot new tips a year from Tom, with regular updates on their progress, join t1ps.com now. |
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