Recovery/STM

Recovery As US retail sales recover strongly in May (+18%) thoughts turn to recovery stocks. In recovery we can get a “dash to trash”. Stocks which have done well in…

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News A glance at Hertz’s prospectus yesterday revealed an unusual risk factor.I was a little unsure that a 3% fee was the right price for Jefferies to execute.  Yesterday the…

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CMCX

As the NASDAQ closes above 10,000 for the first time ever it feels ever more like 1999 when the Dow rose above 10k for the first time ever. Perhaps this…

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PAG/IPF/ORCH

Paragon Banking Group–H1 Results Share Price 369p Mkt Cap £947m Conflict disclosure: No Holding  Results Underlying PBT down 28% to £57.3m. Revenue was up 1.1% to £148.7m and NIM increased…

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CLIG/SUS

News  BP Marsh reports good results with 8.5% NAV growth. Insurance broking has done well with the write down coming from LEBC IFA which exited DB transfer advice.   City…

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