How can a company responsible for some of the worst disasters on the railways in recent times can make so much in a day. They have a management team you would not consider to run a corner shop yet because they appear on telly and apparently state that there are no more nasty surprises, can rock to the top of the rises for a day on the stock market.
It is a sorry state of affairs when appearing on telly means more to a share price rise then the actually running of a company.
Evil said today
Secondly I am very happy to be short of companies with large debts and minimal asset backing, preferably where trading is also woeful. Hence I am short of Henlys at 21p where a reconstruction at just a couple of pence looks the only way out and also of Jarvis at 84.5p. I fear that its chairman Steve "Shagger" Norris will soon regret his decision to take a ride at Jarvis rather than spending more time with his various families. This share price is heading only one way and that is the same way as Shagger's opinion poll ratings. Both these positions are heavily in the money and will support my heavy drinking for many months as they become more
Imo more profit wanrings to come...(Contract management is all about conrolling costs from quote to final completion. JRVS appear to be incapable of any of that)
Evil has closed short, was on tips evilcast yesterday. He closed Mon or Tues so was not responsible for yesterday's drop. Someone offloaded a massive holding 25m? near close.
Very odd that ammount at closing - no one holder has declared owning more than 14 million. That's the PRU and another holder - the next largest holder only has 4m.