Better "Hedgit" on Brexit

Better "Hedgit" on Brexit By Filipe R Costa Two Brexits in less than a week is probably too much with which to contend. First, it was the Remain/Leave referendum held on June 23rd that saw the Leave vote unexpectedly clinch victory from the jaws of defeat; second, it was the shocking loss of the English team against Iceland that sent the national team home prematurely. However, the only real Brexit so far has been that of the England team from the Euro championship – the UK's exit from the EU will take time, patience, and may still yet be averted. As suggested by Margaret Thatcher above, European integration is a utopian process that will face several challenges that could quickly derail it. It has already happened in the past and it may well happen again. Just two or three years ago we almost saw Greece leave the Eurozone, and today we're facing the possibility of Britain leaving the whole European Union. While the European bloc has survived referendums and turmoil, this time the British said no to it, as they voted 51.9% in favour of Leaving. In Britain, the EU is seen as a threat to free trade, sovereignty, and personal freedoms. And, unfortunately, the people seem to be right. The Union has turned itself into a bureaucratic monolith, led by sub-par politicians imposing one-size-fits-all policies that have turned recession into depression... Click Here To Read The Full Story The Master Investor Market Report The FTSE 100 closed the day at 6,577.83, an increase of 73.50 points. The FTSE 250 rose 194.42 points to finish at 16,465.49. The FTSE All Share climbed 40.00 points to finish at 3,555.45. The FTSE AIM All Share finished at 714.00, up by 6.12 points. The Brazilian Federal Prosecutor's Office has had a settlement made by FTSE 100 miner BHP Billiton (BLT) following last year's dam collapse suspended. As a result of this suspension, the 20 billion Brazilian Real (£4.68 billion) civil case against the companies involved with the Samarco dam will be resumed. BHP Billiton has said that it intends to appeal against this decision. The shares were down by 2.80p at 940p at market close. You can still download our June issue today! Click HERE to read. Animal pharmaceuticals outfit Eco Animal Health (EAH) increased its profits before tax by 51% to £7.7 million over the year ended 31st March as sales climbed 21%. Growth was recorded in all geographic areas, and following the end of the period the company received additional marketing authorisations in the US and Europe that should allow continued expansion in the current year. Eco Animal Health shares shot up by 12.50% to 427.50p. Embedded computer specialist Concurrent Technologies (CNC) saw its shares rise by 3p to 64p today after reassuring investors that the recent shift in exchange rates will not have a significant effect on the business. Management also said that the outlook for the current financial year remains positive. Monday's news today Kier Group (KIE) will put out a trading statement. Quote of the day "The government must provide fiscal credibility, so we will continue to be tough on the deficit but we must be realistic about achieving a surplus by the end of this decade." -George Osborne Latest Stories Chart of the Day: Condor Gold By Zak Mir It may be said that as far as the recent price action of Condor Gold is concerned, only Randgold Resources has really put the performance here in the shade. On the basis that "Elephants don't gallop", this may be a situation to consider for small cap fans of precious metals… Click Here To Read The Full Story Dixons Carphone: High Enough after Brexit? By Robert Sutherland Smith Dixon Carphone, at 335p last seen, after the results. The dividend yield is not high enough. In my opinion, this share is not for chasing at this stage. There are better targets amongst UK equities that are more international... Click Here To Read The Full Story The Evil Diaries: Petro Matad, Lord Heseltine and Gold By Evil Knievil Things got interesting latish yesterday in Petro Matad (MATD), now capitalised at £4.5m given the shares in issue of 280m at 1.65p. Essentially, Shell is due to cough up $10m by way of an exit fee and have not yet paid over the necessary… Click Here To Read The Full Story When Clouds Part By Victor HillAbout 20 years ago, I was descending a Monro (mountain) in Scotland – Beinn Bheigeir on Islay, to be precise – leading two beautiful young people back to the sea… Click Here To Read The Full Story Chart of the Day: RBS By Zak Mir At the time of the Global Financial Crisis all those years ago, my view was that RBS should be allowed to go to the wall. That is still my opinion. Indeed, to paraphrase the outgoing Prime Minister's comments with regard to Jeremy Corbyn, "for Heaven's sake" will someone close the bank down?… Click Here To Read The Full Story Join the movement on social media: Copyright 2016 Master Investor Ltd, All rights reserved. You are receiving this email because you opted in at our website. 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