Zenith's title demonstrably established
This morning ZEN announces hat the Tunisian government agrres to recognise ZEN's claim to oil and equipment abandoned by ZEN when Tunis denied ZEN's exploration rights. The share price has moved up marginally. But I reckon that the move upwards should be much sharper since ZEN has shown that its original licence was valid. I do not know what the price should be but I reckon well north of 10p right now should be attained.
4 days ago1 min read
For cautious long term savers
A contact of ETS writes: "Some time ago, I was recommended (Schroder British Opportunity) SBO on the basis that it was 50% private equity (PE) and 50% small companies. The informant's idea was that Schroders would use it to show off their expertise. Unfortunately, timing was awful just before the collapse in the small company sector. Management then decided that it should be converted to pure PE. I wrote and objected and got a very bland response which ignored all the points
4 days ago1 min read
Rachel Reeves's conceit
Reeves is spouting off in today's Sunday Times. It's very much an I this and an I that piece. One need not take it too seriously since she has been proved a liar. But the shaker for me came a few weeks back when she asserted that she should be respected since her office meant that she had to be respected. She just does not know that respect is earned and not claimed.
6 days ago1 min read
Zenith (ZEN) is nowhere near its zenith
I did not realise that today's RNS of a strengthened litigation team for ZEN's arbitration action against the Tunisian government includes a former Belgian prime minister. The shares re up 1.5p at 9.5p offer. That is about NAV even if the arbitration action fails. And the price will go vastly higher if ZEN wins. Still a buy.
Apr 91 min read
Intuitive Investments (IIG)
I paid 194p this morning since the original target price was £10 and a bid has now been received which, theoretically, is worth 250p. It is now 189p offer.
Apr 91 min read
Seeing through Thruvision
THRU today announces that they are making money. Climb aboard at 0.9p. You may have to pay 1.1p.
Apr 81 min read
NS and I
The Spectator this weekend floats the idea of privatising NS and I. This seems a good wheeze to me. The current mess is a stark reminder as to why de facto civil servants should have nothing to do with long-established monopolies.
Apr 51 min read
