Best Of The Best Share Discussion Threads

[traderabc] 11/1/2011 13:37

Gerald Celente: Internet nuke bomb waiting to go off

[lbo] 11/1/2011 13:27

Also 20% of Revenues always came from online and they still have Gatwick x2, Birmingham, Manchester x2, Luton, Bristol ,Dublin and Denmark.

So worse case sales fall to £3.5m (not allowing for any new sites opening) and at a net margin of circa 5% would mean PTP of £150,000pa X 5 = business is still worth £750k and adding in the cash of £2.7m gives a valuation of 27p per share.

[jeff h] 11/1/2011 11:25

Cash of £2.7m = 24.5p per share.

[lbo] 11/1/2011 09:44

Best Of The Best Says 6-month Trading In Line With Market View



The business continues to benefit from its healthy balance sheet position with current cash balances of GBP2.7 million

[teapreacher] 10/1/2011 14:37

From that Bloomberg article on Hendry....
"Hendry's fund was up 9.6 percent for the year to Oct. 31, besting 83 percent of its rivals in the annual Bloomberg Markets ranking of global macro hedge funds. (Hendry's fund wasn't big enough to be included in the rankings for mid-sized funds.) As of Nov. 30, 2010, the $233 million Eclectica Fund had climbed 119.3 percent since its inception in 2002."

So he's up 119% in getting on for 10 years. Hardly stellar, is it?

I'm up more than that in the last 5 months. How these people get set up on a pedestal is beyond me. But then that's the mainstream media, they misdirect in almost everything they say.

btw: here's the link to the article...

[traderabc] 10/1/2011 14:20

Eclectica's Hendry Turns Greece Chaos Profit Into Bet That China Will Fail
By Kevin Crowley - Jan 10, 2011 12:01 AM GMT+0000



Hugh Hendry, founder of Eclectica Asset Management. Photographer: Tom Wagner/Bloomberg Markets via Bloomberg


Hugh Hendry is a man worried about the future. Although the hedge-fund manager beat more than 80 percent of his peer group rivals in 2010, Hendry laments that he's part of an oppressed minority -- and likens the threat of hedge-fund regulation to the plight of the Roma migrants expelled from France last summer by President Nicolas Sarkozy.

"Social mood is hardening, changing, deteriorating: We see that not just in hedge funds; we see that in the very polite, previously libertarian societies," says Hendry, dressed in an open-necked gray shirt and light-blue linen jacket at his Eclectica Asset Management LLP in London. "Hedge funds are a minority. Guess who else is a minority? People from overseas."

[traderabc] 10/1/2011 14:17

Violent Riots Outside Of Dhaka Stock Exchange After Market Plunges 9.25% In One Hour



2010 was a banner year for so-called "frontier markets," those countries that are still too undeveloped to be considered emerging. Mongolia, for example, had the best performing market of the year.


Bangladesh also had a monster year, with stocks gaining 80%, but already that's reversing violently.

The BBC reports that there were violent riots out of th Dhaka Stock Exchange, after shares fell over 9% in one hour, representing the biggest fall in the exchange's 55-year history.





Stock market plunge sparks violent protests in Bangladesh

[michaeld] 10/1/2011 13:03

Interesting article Trader and 'expect the unexpected' is good advice imho.
If someone had asked me around the year 2000 which share in my portfolio was most likely to be a 'ten bagger' from 10p, or so I would have said ADVFN/ONL but instead it became a 'ten diver' down to 1p! I am still optimistic about ADVFN and remain invested here and thankfully the share price has recovered somewhat but it just goes to prove the above adage. Very little is certain in this life and it may well be that that the 'western economies' will recover from their huge debt liabilities without huge disruption but I doubt it.

[traderabc] 10/1/2011 12:59

Yes michaeld, war is a racket, the ignorant claim it's good for the 'economy' in reality, nobody wins, even the so called winner. The destruction of capital does no favors to the both sides paying for it, the only legitimate war is one of self defense, these new breed of politicians have forgotten that.

I can see one slightly positive thing about the last two wars (Iraq, Afghanistan) and that is we as a nation will simply will not tolerate any Government attempt to force us into a war with Iran. I just can't see them getting away with that.

[traderabc] 10/1/2011 12:44

Expect the Unexpected

Richard Russell snippet
Dow Theory Letters
Jan 10, 2011

[michaeld] 10/1/2011 12:35

Agreed Trader; and I reckon that the Iraq and Afghan wars have been a hugely expensive (in lives of our brave soldiers, thousands of Iraqi's & Afghans, as well as money) nonsense at the behest of Bush and his oil baron friends. It has also upset the balance of power in the middle East as Iraq was actually anti AlQueda and Iran. It makes me want to puke watching Blair smirking as he explains that it was necessary to remove Saddam based upon his lies (sorry, I mean unintended errors) to Parliament. He is also some socialist with expensive property owned all around the World. I wonder if anyone has looked closely at his Parliamentary expenses and vested interest declarations? I'm pretty sure that David Kelly was murdered as he was about to expose Blairs mistaken comments but not necessarily by our own security services; CIA? Mossad?!

[traderabc] 10/1/2011 11:44

However, I do not accept the view that this situation cannot be reversed, although it will take time and a recognition that we need to be more self sufficient in all areas of consumption and trade.



Agreed, where there is a will, there is a way. Sadly the 'will' is lacking, they seem to keep making the same mistakes over and over again regardless of who's in power.
On the surface the new Governments 'austerity' program looks like a step in the right direction, however in reality Government spending isn't really going down.

The military are still consuming horrendous sums of money, as are many other unproductive Government institutions. One of the other solutions to our problems (imo) is to adopt the Austrian philosophy of sound money. Vince Cable should be listening to people like Ron Paul if he's serious about tackling the issues we face.

[michaeld] 10/1/2011 00:42

Trader; there are a number of reasons or factors for the decline of British manufacturing industry eg; the relative pay and conditions of our workers compared to the foreign competition which is now mainly China; relative value of our currency; a willingness by British financial institutions to sell off good British companies to foreign competition for a quick buck (eg the sale of Cadbury to Kraft, largely financed by RBS was a national disgrace imho); failure of the unions to accept more efficient working methods; failure of government to support good companies like LDV vans, Forgemasters or Alfred Herbet m/c tools in need of a temporary financial support; lack of training in the fields of science and engineering compared to such subjects as psychology, media studies and The History of Art etc. However, I do not accept the view that this situation cannot be reversed, although it will take time and a recognition that we need to be more self sufficient in all areas of consumption and trade.
I agree that we may well see more coal and commodity mines being reactivated as we are too dependent upon imported oil&gas again now. Deep sea drilling for oil in the North Atlantic is also likely but perilous. Anything to help reduce our balance of payments deficit. Our fisheries should also be restored to British control after being ravaged by improperly regulated foreign/EU vessels.
I also agree that an international currency could not be backed by precious metal alone but by a basket of assets and currencies and it would be difficult to get international agreement to set it up for the benefit of all.
In the meantime I can only see precious metals, other commodities and certain currencies ( not including the USD, the £ and the Euro)as a reliable store of value during a period of currency turmoil that may soon be upon us. Again, I hope that it can be avoided.

[chestnuts] 09/1/2011 23:54

Trader
When people talk about a basket of currencies including gold and other commodoties, try and pick any commodotie that which is not used or that can be grown or even have a shortage of like wheat at the moment , you cant use oil as we are going to get a seriose shortages in yrs to come, it only leaves gold, even silver there is a shortage at the moment.

[traderabc] 09/1/2011 23:43

'We will always need food.'

When it comes down to it it's food, shelter, and energy. Two of them are rising and one is already expensive.

[traderabc] 09/1/2011 23:31

'We live in interesting times'


Michaeld we certainly do. Here are a few of my thoughts and random guesses (jmro)

This decade, like the last, is going to be one of real or 'hard' assets still being the only game in town.

Most who allow their money to be 'professionally managed' by the major financial institutions will be charred (again) Their derivatives webs will untangle and ruin them again. There should be further collapses of those kind of financial institutions, JP Morgan & Goldman hopefully someday.

Bonds,stocks,and other paper based funds pose significant downside risks, especially after they have risen a lot, as they have recently.

House prices are still too high. Few currencies are safe, even commodities are not immune to rapid decline,(as we learned in 08)

The $ is fundamentally far more flawed then the Euro, perhaps it's on par with the £ in terms of potential decline, it's still possible the Euro survives and we get 'pushed' into it under very unfavorable terms.

Any new currency will probably become as fraudulent as their last attempts but its creation might help calm a frightened market for a while, expect the transition to be chaotic and inflationary.

It's unlikely gold will ever back up more then 10% (if that) of any new currency. A range of commodities could play a role, and as we have about 300 years of coal supply in the UK, that may be helpful as will the other half of the Gold G.Brown didn't sell.

So maybe we will see some of the mines Thatcher closed reactivated. Though I find it hard to imagine our once great manufacturing base ever really reviving, how can it?

Those industries have been declining for decades in times when we were a far less indebted nation, what chance do we have now against the Chinese when we are as a nation technically bankrupt?

Our £ is heavily supported by hot air and misplaced faith. The market seems to be realizing this. So things aren't looking too good

[michaeld] 09/1/2011 20:41

Thanks Trader; I'm a great fan of Mr Morgan and Max Keiser.
There are still a lot of financial pundits out there who are saying 'Don't worry, everything is going to be OK; the US and British economies will recover etc'? I prefer Mr Morgan's view and mine because the debt burden is now getting so huge that we will have difficulty paying off the interest, let alone the base debt and if interest rates go higher its 'game over' and no one will want to be holding USD, £ or Euro Bonds at low rates soon imho. The western economies are heading into a downward spiral of increased unemployment, lower tax receipts, more housing foreclosures, more bank defaults, more national debt etc,etc. Maybe massive inflation leading to much more 'self sufficiency' owing to greatly devalued currencies, is the only easy way out of it but many will suffer from devaluation of their savings, pensions etc. I hope that the optimists are right and that everything will be ok, I really do but personally I am investing in precious metals, relatively safe economies such as Australia and farming. We will always need food.

[traderabc] 09/1/2011 18:58

David Morgan update

[michaeld] 09/1/2011 14:03

We live in interesting times Trader. Is the World soon to go into a kind of paper money armageddon whereby those currencies such as the USD,£, and Euro are about to loose credibility, ala Zimbabwe recently,the Weimar Republic in the early 1920's or the Chinese Yuan dynasty around 1340, as more and more money is printed off the press's to rescue banks etc? Can the creditor nations afford to let it happen or will they continue to buy worthless foreign government bonds? Who knows but there is now a great danger that we are on a non stopping train to a Worldwide paper money disaster.
There has to be a new international currency based upon a range of commodities imho but this will prove very painful in the short term for countries such as the USA and Britain. We will have to start producing more of our own consumables etc. We will have to start manufacturing again instead of living off benefits? How cruel is that for many of the residents of Sunderland, Coventry or Glasgow!

[traderabc] 09/1/2011 12:12

lol!

What really happened when Pelosi Hands the Gavel to the new speaker

[traderabc] 09/1/2011 11:39

Glad you like them michaeld, feel free to put up any interesting stuff you find.



"Bring Us Sugar!" U.S. Inflation And the Rest of the World



by John Rubino on January 8, 2011

Yesterday I set up a Google alert for "inflation," expecting to turn up the occasional article on monetary policy and such. Instead I got deluged with stories from around the world about how rising prices are causing everything from "political pressure" to food riots.

[michaeld] 09/1/2011 11:26

Some great links here; thanks trader.

[traderabc] 08/1/2011 18:26

[OTE91] On the Edge with David Morgan
January 8th, 2011 by stacyherbert

Stacy Summary: We interview David Morgan.

[traderabc] 08/1/2011 18:21

Higher food prices across the board.