The FTSE 250 miner Acacia Mining (LSE: ACA) is in the midst of a legal battle with the government of Tanzania who have introduced a ban on the export of concentrate in March this year. This is in addition to the Tanzanian Parliament approving a new Finance Act, which imposes a 1% clearing fee on the value of all minerals exported from the country since 1st July 2017. Brad … [Read more...] about Acacia Mining And Government of Tanzania Clash Over $190 Billion Fine – Long Today at 177p
Basic and diluted earnings per share are negative for Tullow Oil (LSE: TLW) the beleaguered FTSE 250 oil and gas exploration and production group. A pre-tax loss of $500 million certainly doesn't help. A $750 million rights issue in April 2017 reduced net debt by about $1 billion give or take but the balance sheet still looks weak with total liabilities at $7 billion and … [Read more...] about Tullow Oil Spews Cash, Pre-Tax Loss of $500 Million
It's so lovely to see the continuing carnage at Ford (NYSE: F) this week - I really am pleased. The appointment of a new CEO at the Detroit based automaker was brought about by a realisation by the board that outgoing CEO Mark Fields was not going to turn around Ford's fortunes. The markets seemed to have liked the appointment raising the share price by more than two … [Read more...] about The beauty of the carnage at The Ford Motor Company
This week as it seems is every week has been a busy one for President Trump. The mainstream media relish documenting every frustration Trump has had since becoming POTUS and is one of the main reasons why I stopped consuming mainstream sources of 'news' and instead rely on a hefty dose of scepticism whilst scanning news headlines. In reality investors have been frightened … [Read more...] about Walmart v Amazon, the US retail sector and being POTUS
According to official data the US economy slowed to a three year low amid lower auto sales, heating bills and slower consumer spending, which grew at a seasonally adjusted annual rate of 0.3 percent. This comes on the back of 2.1 percent fourth quarter GDP. Weak US growth at 0.7% - will @realDonaldTrump tax cuts be enough? pic.twitter.com/L18RdKVjvk — David Thomas … [Read more...] about US Economy Slows To Three Year Low – Auto Sales Hit
The Ford Motor Company (NYSE: F) is a large cap US stock that appears on my stock market investing watch list and has for some time. The 113 year old Detroit automaker's recent woes have been well documented and can be traced to their bail out by the US government in 2009 to the tune of $5.9 billion which was to be paid off by June 15 2022. Except it was not a … [Read more...] about The Ford Motor Company, Donald Trump And Large-Cap Stock Market Investing
Warren Buffett seldom gives advice and he never tries to predict the stock market. So today's post shares a rare moment where Warren Buffett simply tells it like it is: how to make money from the stock market in a simple, straightforward fashion and especially if you are new to investing or short of time: https://youtu.be/yk94tI_2QOY Here's a transcript: The average … [Read more...] about Warren Buffett’s Stock Market Investment Advice
In a series of posts that sprang from Warren Buffett's latest 13F filing I have responded to two questions on social media regarding the improved fortunes of Southwest Airlines (NYSE: LUV): @djthomas would be interesting to post your GM% improvement for LUV against oil prices to see how much correlation there is. Bet it's a lot. — Peter Harris (@2peterharris) March 20, … [Read more...] about Southwest Airlines (NYSE: LUV) Gross Margin % v Oil Price: Is There A Correlation?
In a post called As Warren Buffett Dumps Retailers And Loads Up On Airlines I took a fleeting look at the improving economics leading to much improved ROIC of listed airlines as a possible reason why Buffett would have bought stock in an industry that he has traditionally shunned throughout his investing career. It has been well documented that low oil prices have … [Read more...] about Has New Tech Been Responsible For The Improved Profitability Of Airlines?
Walmart went. American, Delta, United and Southwest are in. The consensus among those who analyse Buffett's every move reckon it's the drop in oil prices and industry changes that have allowed airlines to generate higher returns than they have previously. In my humble opinion out of the four airlines, Southwest Airlines has shown the steadiest and most progressive … [Read more...] about As Warren Buffett Dumps Retailers And Loads Up On Airlines
So towards the end of last year whilst digging through some old paperwork I came across an old private pension. On closer inspection I found that it was well over 10 years old and had returned 5% annualised which includes ad-hoc contributions I'd made years earlier. 5% annualised is less than some index trackers I've seen which have exceptionally low management fees and … [Read more...] about How I’m Growing My Retirement Fund With Low-Cost Value Investing