| | Thursday 9 August 2012 THOUGHT FOR THE DAY  Hello Happy Share Shunters,
The old shares are stuck again. We all find this frustrating. The stop-go world of shares at the moment is dispiriting. It makes us fed up.
But really we should be grateful that shares are sustaining the values they are. The amount of bad news continues to dribble out. We get a good day - like the recent news that things are looking up for non-farm workers in the USA ( I wonder what's happening to the real farm-workers) - and we see the big index soar.
But then comes the news that growth is likely to stay at nothing for another year and down come share prices again. There will probably be more bad news this week - usually some doom and gloom from another think tank.
Click here to view the rest of the article
Paper round StanChart, Barclays, Chinese inflation
Standard Chartered has sought advice about whether it can pursue a legal action against the US regulator that on Monday accused the British bank of being a rogue institution which had funded $250bn of Iranian sanctions breaches. The bank's legal advisers believe "there is a case" for claiming reputational damage, according to two people close to the situation, although StanChart is conscious of the delicacy of taking an aggressive stance towards its regulators. [The Financial Times]
The Financial Services Authority has handed information to the Serious Fraud Office about an ongoing investigation to funds raised by Barclays in 2008. The SFO has not decided whether to launch its own formal investigation into fees paid by Barclays during the banking crisis which helped the bank avoid a taxpayer bailout, according to the Independent. The existence of the FSA investigation was disclosed by Barclays last month when it admitted its finance director Chris Lucas was one of four current and past employees being scrutinised over the fundraising. [The Guardian]
China's annual consumer inflation fell to a 30-month low in July, suggesting that the central bank has scope to ease policy further after rate cuts in June and July to keep the economy on track to meet an official 2012 growth target of 7.5pc. The government is on track to ease policy to cushion the impact of global headwinds on the world's second-largest economy, but needs to tread cautiously to avoid reigniting property sector risks and fuelling renewed consumer price rises. Annual consumer inflation eased to 1.8pc in July from 2.2pc in June, pulling back further from a three-year high last July of 6.5pc, official data released on Thursday showed. Economists polled by Reuters had forecast inflation to ease to 1.7pc in July. [The Telegraph]
One of the founding fathers of the single currency and a former chief economist at the European Central Bank has warned that some nations may not be able to remain inside the euro. Otmar Issing, in a book published this week, said: "Everything speaks in favour of saving the euro area. How many countries will be part of it remains to be seen." Issing added that funds could not be channelled indefinitely to nations that did not reform their economies. "One has to consider whether one can keep giving money to a country that has not yet fulfilled an obligation, which is still non-transparent, more or less fudges things," he wrote. [The Independent]
News Corp has written down its newspaper businesses by $2.8bn and taken a $224m charge to cover the costs of investigations into scandals at its UK titles, as it announced full-year revenues that fell short of forecasts. The scale of the writedown surprised investors, and shares fell 3.5 per cent in after-hours trading. Rupert Murdoch's media group plans to spin off its publishing assets from entertainment brands such as Fox, Sky and Star next year. [The Financial Times]
The Dutch financials group ING is pressing ahead with a quick-fire sale of its $7 billion insurance businesses in Asia as it moves to repay state aid and with profits under pressure. ING is thought to be exploring several alternatives in its Asian disposal, including a whole sale to Canada's Manulife or AIA, an Asian insurer run by former Prudential chief executive Mark Tucker. It is also believed to be investigating a break-up, with sales to several different parties. The move comes just days after the group said that it was looking into options for its ING Direct divisions in Britain and Canada. [The Times]
FREE SHARE TIP OF THE DAY  A report by Growth Equities & Company Research
- Mishorim Development Group Ltd (Mishorim) is a real estate development group that owns or has a significant interest in a diverse range of properties in Canada, Israel and the USA.
- The group had a Net Asset Value (NAV) of NIS 433 million at 31st March 2012, to which the shares currently trade at a 54.9% discount.
- We believe there is scope for a further potential increase in Mishorim's NAV, based on the performance of underlying economies and property markets.
- Development projects are either planned or underway at a number of properties, which, once completed, could enhance the Mishorim portfolio by increasing revenues and/or asset value.
- We initiate coverage with a stance of buy at NIS 8.180, with a NIS 10.503 target price..
Click here to view the rest of the article
THE LATEST ON THE CRAZY BOARD The top 5 hot company threads on the Bulletin Board: Mariana Resources - Standard Chartered Zoltav Resources Fiberweb Running trading thread
Click here to discuss shares with other ShareCrazy members
BOOK OF THE WEEK  By Richard Rumelt
A book review by Aaron Padgham of t1ps.com Richard Rumelt's book, Good Strategy, Bad Strategy explains the very definition of a strategy - a coherent response to one's obstacles in order to progress, and whether you're a high-flying CEO, head of a charity or the coach of a local sports team, you will know, or are soon to learn that the creation and implementation of a focused 'good' strategy is a key requirement to success.
Click here to view the rest of the article
|
|
| | | |
| | |
|
If you do not wish to receive such emails please use the following link to unsubscribe. Sharecrazy.com Limited is an Appointed Representative (FSA registered number 245145) of Rivington Street Corporate Finance Limited which is authorized and regulated by the Financial Services Authority (FSA registered number 184761). Sharecrazy.com Limited is ultimately owned by Rivington Street Holdings PLC, 39 Athol Street, Douglas, Isle of Man IM1 1LA, the holding company for other regulated entities such as t1ps.com Limited and Rivington Street Corporate Finance Limited. Sharecrazy.com Limited does not offer investment advice and the ShareCrazy Trader service we provide is administered by Jarvis Investment Management Plc, which is authorised and regulated by the Financial Services Authority. The website and the articles on it are for general guidance only and we cannot assume legal liability for any errors or omissions they might contain. The value of investments can go down as well as up and you may not get back the full amount you invested. If you are in any doubt about investing, seek the guidance of a suitably qualified and regulated financial adviser.
No comments:
Post a Comment