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Evil on Ryanair and iSOFT By t1ps - Evil Knievel
An extract from his diaries on t1ps.com These recommendations do not constitute advice, please read the risk warnings Please note, the extract below is the opinion of Evil from t1ps.com - make of it what I am thinking of shorting Ryanair (RYA) once again. The recent statement from EasyJet (EZJ) made it clear that yields are soft. I now see that Ryanair is planning to offer lorry loads of seats at just £10 this summer. I cannot see how that is good news. Moreover, it strikes me that as consumers finally start to think more carefully about racking up huge credit card bills this is the sort of business which is bound to suffer. I am not yet short of Ryanair. A chap tells me to buy Cable & Wireless (CW-). I have done so in a small way just to keep my hand in. The shares have dropped steadily ever since. We live and learn. I have also put a few quid into an enterprise called East West Timber which is selling wood from Russia to the Orientals. It is, as yet, unquoted but sounds like a good wheeze. Does anyone know anyone honest and well connected in Australia? If anyone can report on how the roadshow of the company planning to raise cash to buy iSOFT (IOT) is going, I am all ears. The share price of iSOFT suggests that the roadshow might not be storming ahead. Fingers crossed. I have sold shares in Mapeley (MAY). It is a property company valued at more than £1 billion. It is highly geared and its NAV is - on an underlying basis - just £700 million. It strikes me that commercial property prices simply cannot go up and that such a premium to net assets is just wrong. The only way to track Evil's big trades and his latest thoughts on stocks and the markets is via his diary, which appears three times a week on t1ps.com.
This week's featured book from The Square Mile Bookstore is 'The Maverick: Dispatches from an Unrepentant Capitalist' by Luke Johnson - For eight years between 1998 and 2006, Luke Johnson wrote a regular column as 'The Maverick' in The Sunday Telegraph. His short, pithy essays tackled subjects ranging from rich lists to bankrupt companies, from high finance to investment techniques, from philanthropy to trophy wives. Buy it now This newsletter was published by t1ps.com Ltd which is regulated by the Financial Services Authority and can be contacted on 020 7033 9389. The articles in it are for general guidance only and we cannot assume legal liability for any errors or omissions they might contain. T1ps.com assurance - all editors and contributors to the Tips service will declare any personal interests they have with any individual company they are discussing. The value of investments can go down as well as up and you may not get back the full amount you invested. The past is not necessarily a guide to future performance. The difference between the buy price and the sell price for smaller company shares can be significant. Before investing, readers should seek professional advice from a Financial Services Authority authorised Stockbroker or Financial Adviser. Profits from dealing in shares may be liable to tax - the level of tax and bases of reliefs from tax are subject to change. Changes in the rates of exchange may have an adverse effect on the value or price of an investment in sterling terms if it is denominated in a foreign currency. Some of the shares recommended on this site will be smaller company shares. By their nature such investments can be relatively illiquid and thus hard to trade. And that makes such investments more of a high risk than larger company shares.
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