Showing posts with label fleet street letter. Show all posts
Showing posts with label fleet street letter. Show all posts
Friday, 17 February 2012
Wednesday, 14 November 2007
Star Energy Takeover Comments
So Petronas have launched a takeover bid for Star Energy, and you did indeed do well if you managed to to get the £3.70 on offer this morning, since that is above the offer price. However, for those who didn't manage to offload at above the offer price you're better off holding to the end, since you won't lose out on the bid-offer spread or have to pay commission when you sell.
Unless some major oil find or planning permission news is coming, there might also be another 10 or 20p per share extra in the offing, and the downside is small, since the chances of Petronas not completing a deal is low.
Certainly confirms, like Ken Fisher says, that there is cash out there for deals, despite the "credit crunch" we are now experiencing.
Unless some major oil find or planning permission news is coming, there might also be another 10 or 20p per share extra in the offing, and the downside is small, since the chances of Petronas not completing a deal is low.
Certainly confirms, like Ken Fisher says, that there is cash out there for deals, despite the "credit crunch" we are now experiencing.
Wednesday, 29 August 2007
The Fleet Street Letter : An Independent Review
Okay, time for a shock confession.
A few years ago, I made the foolish mistake of thinking outside my normal realms of Investment Trusts on huge discounts and low-fee ETFs and started thinking of direct share investments.
Taken in by the "longest published newsletter in the UK...since 1937", I made the big mistake of signing up to the "Fleet Street Letter", or FSL.
While some of the articles on world politics and finances are interesting, the "letter" is basically a 4 page scrap of paper and their direct share tips are the biggest load of rubbish I have ever seen. This for three main reasons :-
1) The tips are recycled from other Agora publications, so by the time they make it to FSL they are no longer fresh or hot.
2) The articles subsequently get recycled into a variety of other publications, so you'll normally get to read them in the end - normally a week or two later in the free email advertising circular "The Daily Reckoning".
3) The letter comes out on a Friday, giving the thousands of subscribers a chance to know what the hot tip of the week is. Consequently, the market makers price up the shares on Monday, knowing that a load of Fleet Street Lemmings will pile in regardless.
Obviously the FSL performance figures are based on prices before this Monday, so there's no way investors can get in at the same price, but hey, it helps the performance figure look good when trying to sell it to new subscribers.
Please let this serve as a warning to anyone thinking of subscribing.
Just check out some of their tips in recent years : Widney, Wagon, Drax, Global Energy Development, Star Energy, Retail Decisions.
I admit to being taken in by the last one. I held the shares anyway, but their article made me think it was time to sell. It wasn't. They advised investors to sell at 140p just before the takeover at 200p!
Back to the world of ITs for me and the occasional direct share of my own choice. (Let the discount be your guide and don't be influenced by others, EVER!)
A few years ago, I made the foolish mistake of thinking outside my normal realms of Investment Trusts on huge discounts and low-fee ETFs and started thinking of direct share investments.
Taken in by the "longest published newsletter in the UK...since 1937", I made the big mistake of signing up to the "Fleet Street Letter", or FSL.
While some of the articles on world politics and finances are interesting, the "letter" is basically a 4 page scrap of paper and their direct share tips are the biggest load of rubbish I have ever seen. This for three main reasons :-
1) The tips are recycled from other Agora publications, so by the time they make it to FSL they are no longer fresh or hot.
2) The articles subsequently get recycled into a variety of other publications, so you'll normally get to read them in the end - normally a week or two later in the free email advertising circular "The Daily Reckoning".
3) The letter comes out on a Friday, giving the thousands of subscribers a chance to know what the hot tip of the week is. Consequently, the market makers price up the shares on Monday, knowing that a load of Fleet Street Lemmings will pile in regardless.
Obviously the FSL performance figures are based on prices before this Monday, so there's no way investors can get in at the same price, but hey, it helps the performance figure look good when trying to sell it to new subscribers.
Please let this serve as a warning to anyone thinking of subscribing.
Just check out some of their tips in recent years : Widney, Wagon, Drax, Global Energy Development, Star Energy, Retail Decisions.
I admit to being taken in by the last one. I held the shares anyway, but their article made me think it was time to sell. It wasn't. They advised investors to sell at 140p just before the takeover at 200p!
Back to the world of ITs for me and the occasional direct share of my own choice. (Let the discount be your guide and don't be influenced by others, EVER!)
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