Fireworks may be going off tomorrow, but the November issue of Master Investor Magazine will also be hot off the press in time for Bonfire Night. Be sure to take a look tomorrow for brand new material from all our regular contributors.
Shares in Sirius Minerals (LON:SXX) have rightly suffered a major pullback over the past few days, and many private-investor enthusiasts for the stock have been badly burned. The trouble with Sirius is that there is a lot of questionable analysis out there in the public domain right now. Here's my attempt at setting the record straight…
The theme underlying all my posts has been how to value a share – particularly those in the mining sector. Readers will have noted my scepticism that anyone in the markets – analysts included – knows how to do it properly. My scorn is particularly directed at 'bogus' valuations for long-term projects where an 'NPV' per share 'target' is relied on by almost all analysts (as far as I can see) to bamboozle investors.
I was particularly sceptical of those two brokers trying (and succeeding for a time) to hype up Sirius Minerals' shares in August (in order, of course, to ingratiate themselves into the accompanying juicy commissions gravy train) before the capital raise necessary to get its Yorkshire polyhalite fertiliser mine up-and-running in six to ten years' time.
by Zak Mir | Trading| 1 mins. to read I was reminded of Paddy Power Betfair (LON:PPB), not only on the basis that we are seeing much more volatility and interesting financial markets, but that we are also in the run up to a big political decision in the US.
by Robert Stephens | Commodities | 4 mins. to read Since BHP Billiton (LON:BLT) relies on its oil division for 29.6% of its EBITDA, the uncertain outlook for oil leaves me negative on its medium-term future. Hopes were raised regarding the oil price last month when OPEC declared that it had struck a deal to freeze output.
by Zak Mir | Trading | 1 mins. to read It would appear that there are multiple factors affecting mining giant Randgold Resources, over and above it being the FTSE 100's favourite gold price proxy.
by Evil Knievil | Evil Diaries | 2 mins. to read I had a very interesting conversation with David Cowen, FD of Molins (LON:MLIN), yesterday. For as readers may recall I have begun seriously to doubt the widespread reports that company after company is insolvent because of deficits in their pension funds.
by Zak Mir | Trading | 1 mins. to read It would appear that the market was loath to let G4S off for its historical mishaps on the fundamental front, with this misery reaching its peak at the time of the London Olympics in 2012.
Material contained within Master Investor Magazine and its website is for general information purposes only and is not intended to be relied upon by individual readers in making (or refraining from making) any specific investment decisions. Master Investor Ltd. does not accept any liability for any losses suffered by any user as a result or any such descision.
5 mins. to read
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