Blog
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Dryships (US) – another monster short squeeze set up looks to be in place
By Richard Jennings, CFA In a small departure from our usual approach in highlighting value within largely the UK marketplace, we present what we believe is a very interesting situation in a controversial and obscure shipping stock listed in the US – Dryships. The chart of the stock over the last 3 months at the […]
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Providence Resources and the Tony O’Reilly Jnr “Heads I Win Tails You Lose” historic rap sheet
By Richard Jennings, CFA A shiny, happy ToR Jnr It’s a rainy January Saturday afternoon here in God’s own county of Yorkshire and I am at a loose end – much to “ol Tone” O’Reilly Jnr’s no doubt chagrin! What better way to spend such an afternoon than to pore over Providence Resources historic accounts […]
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2017 Conviction Macro Call – It’s time to buy the Great British Pound
By Richard Jennings, CFA The last time we were bullish of the pound was in spring 2016 and although we caught a sharp upward move against the Aussie dollar in the days after the piece, the Brexit vote turned everything on its head. Fast forward to the dawn of 2017 and we again believe that it […]