Jim Mellon's Brexit Blueprint

Jim Mellon's Brexit Blueprint By Jim Mellon Two weeks ago, I pulled my first all-nighter since I was 18. The news that the side I supported—those urging the United Kingdom to leave the European Union—had won the referendum was a shock to most observers, including myself. I had a variety of bets on the outcome that paid off, but I had placed them more out of emotion than rational analysis. Immediately after the vote, a movement among disappointed Remainers began to question its validity, with demonstrations in London, vitriol on the Internet, and mooted legal challenges. The liberal, metropolitan elite couldn't believe that it had lost, particularly since all the runes had indicated a successful outcome for Remain. They still can't believe it, but the predictions of doom haven't come true (the stock market is now up by some measures, and the pound has fallen to what I think is a reasonable rate). In the absence of anything other than threats of retaliation by the Eurocracy, the world goes on and it doesn't look such a bad place... Click Here To Read The Full Story The Master Investor Market Report The FTSE 100 closed the day at 6,682.86, an increase of 92.22 points. The FTSE 250 rose 528.64 points to finish at 16,706.39. The FTSE All Share climbed 60.85 points to finish at 3,611.02. The FTSE AIM All Share finished at 715.34, up by 9.80 points. Engine manufacturer Rolls-Royce (RR.) has bought the outstanding 53.1% of Industria de Turbo Propulsores for a €720 million (£617.1 million) consideration. The company believes that the purchase will strengthen its civil aviation division by helping to capture additional value in the longer run by taking an additional share of aftermarket revenues. Up to 50% of the value of the deal may be paid in shares, but a decision on the exact split of the consideration will be made at a later date. Rolls-Royce shares closed the day at 724p, down by 1.50p. Download our July issue today! Click HERE to read. Plastics design and engineering specialist RPC (RPC) reported that revenues during the three months ended 30th June were significantly higher than those in the same period of 2015 due to the combined effects of organic growth and the company's recent acquisitions. The recent fall in Sterling has also been favourable as 75% of the firm's income is earned overseas. Shares in RPC climbed 22.50p to 813.50p. Shares in AIM-listed oil and gas explorer Faroe Petroleums (FPM) have risen by 6.25% to 72.25p after the company revealed that it had completed the appraisal of a side-track well on the Brasse discovery in the North Sea. Recoverable oil volumes are estimated as between 28 and 54 mmbbls with additional gas reserves.  Tomorrow's news today ASOS (ASC) and Marks & Spencer (MKS) will put out a trading statement. Quote of the day "Like many intellectuals, he was incapable of saying a simple thing in a simple way." - Marcel Proust Latest Stories Chart of the Day: Highland Gold Mining By Zak Mir While the price of precious metals, including Gold, has come off the boil slightly, it can be seen how the great revival in Gold stocks of all shapes and sizes continues… Click Here To Read The Full Story The Global Funds Least Exposed to Brexit By Nick Sudbury There have been some massive winners and losers since the result of the EU referendum was announced on June 24th. The main casualties have been UK-listed companies exposed to the domestic economy and their European counterparts… Click Here To Read The Full Story The Ladies' First Post-Brexit Budget By Victor Hill London, House of Commons, Wednesday, 20 March 2019, 12:37 The Deputy Speaker: I will have ORDER in this house! Mr Skinner, for the sake of your own health, I advise you to contain yourself. I call upon the Chancellor of the Exchequer to deliver the budget statement… Click Here To Read The Full Story The Evil Diaries: Mitie and Pantheon By Evil Knievil Mitie (MTO) bought back last Friday a further 105,000 shares – this time at 241p. This is part of a share support operation since the price keeps going down. After all, if it were the case that MTO is seriously undervalued the management would be justified in buying millions at a time... Click Here To Read The Full Story M&S – on the cusp of an exciting speculation By Robert Sutherland Smith Marks & Spencer at 315p post Brexit and post Q1 Trading statement (Pre Brexit.) How Brexit might radically change things? Earnings would seem to have to fall a long way to make these shares seem dear… 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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