Wednesday, May 30, 2007
I'm back
I've had enough of silence!
Bought some Tandem, well cheap outsource manufacture to China story.
Sold some Fayrewood spread bets after they announced a tender offer. And Newcastle United have been approached for takeover at 100p, five months since I bought them for just under 80p. Cashback! The chairman owns almost 30% of Newcastle and has said the offer is way too low, hopefully we'll be getting a higher offer sometime in the next two weeks or so.
Then there is British Airways, which I think is a bit cheap. 473p to buy versus forecasts of 55.8p and 60.3p for the next two years for a company with considerable privileges in a business that is not going to disappear!
What does everyone else think?
Bought some Tandem, well cheap outsource manufacture to China story.
Sold some Fayrewood spread bets after they announced a tender offer. And Newcastle United have been approached for takeover at 100p, five months since I bought them for just under 80p. Cashback! The chairman owns almost 30% of Newcastle and has said the offer is way too low, hopefully we'll be getting a higher offer sometime in the next two weeks or so.
Then there is British Airways, which I think is a bit cheap. 473p to buy versus forecasts of 55.8p and 60.3p for the next two years for a company with considerable privileges in a business that is not going to disappear!
What does everyone else think?
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