Morning sports fans,
I will keep this relatively brief this morning as I find myself struck down with man flu..readers will know that this is the worse kind of flu around and is devastating to say the least..anyway I will struggle on regardless ..
Over the weekend we saw modest gains so that will help but the Iron Ore price got hit 2% which is the most important thing today I suspect with more weakness to come in FMG BHP and RIO and of course the little ones..
Anyway as we continue in this era of cheap money, huge corporate balance sheets,massive egos and the searching for growth akin to finding Sugarman,M&A activity is just on the rampage….this is obviously good for the target companies but also Investment banks like Macquarie will be making serious hay whilst the sun shines
Over the weekend Pfizer upped its bid for Astra Zenneca and AT &T agrees to buy DirectTV for nearly $70bn!!!
IOOF bid for SFGA last week so expect more bids and activity to come..its beginning to feel a lot more like 87 every day!!!
I remain cautious and skeptical…
Idea of the Day
For astute readers and you know who you are I recommended DNA around 80 odd I think it was and they propmptly went ballistic and at $1.50 I suggested that it was time to sell as they had run way too hard…well they have fallen into a screaming heap …they raised money at the top which is going to leave a sour taste and then announced that they couldn’t find anything to do with it after all and now to top it off the stoush between Chian and Vietnam is getting worse and worse..to refresh..DNA are a casino near the Chinese border and bearing in mind that Vietnamese are not allowed to gamble its not a good look when China is pulling all its citizens out and that’s you total customer base..this one will get weaker as the tension increases..now of course There is a tide in the affairs of men, Which taken at the flood, leads on to fortune…this is not yet..
I also have talked in the last few weeks about LYC which is currently heading towards 10 c…I suggested that this one should be on the watch list for those searching for high risk high reward adrenaline investments…I did suggest that it would fall under 12 as the capital raising pricing period drew closer..they will issue stock at a 17.5% discount on the average price during the period bwteen 21st and 27th May inclusive…now it does not take a genius to short this one until it hurts then pick up the stock at the discount in the SPP and the placement..so expect more pain until maybe the last day or so of the period..then it may be time for the brave to take a stand..hopefully not one like Custers!!
Things to make me go mmmm!!!
Arsenal won the FA Cup!!The Bright side of the Road…Nick Hornsby fans will now what I am on about!!!
Good poll for the Coalition today..Looking forward to watching Joe Hockey defend the indefensible tonight on Q&A…should be a fun filled hour!!!
In China Foreign Direct Investment, rose 3.4% and up from the prior month at -1.5%.
In the US housing starts climbed 13.2% to 1.07 million annualized units in April.
I am a Game of Thrones fan and I do not subscribe to Foxtel..my little kick back against Rupert..instead I find “other ways” to watch it not always legit…but my question is why do I get ads from the Australian Government to join the Navy on these sites..that of course and Ukrainian Brides!
Pfizer Inc raised its offer to buy AstraZeneca to 69.4 billion pounds ( $117 billion), which includes 45% cash.
Deutsche Bank Scrambles To Raise Capital: Will Sell €8 Billion In Stock At Up To 30% Discount.
Now I know that whenever capitalism is attacked as the ideology it is championed by all and the example is the failure of communism..but isn’t China a communist country?Just saying …
I am sure you have all seen this..the absolute glut of new cars just sitting around as they roll off the production line…
if you don’t believe me type this into Google earth!!”Sheerness, United Kingdom. Look to the west coast, below River Thames next to River Medway. Left of A249, Brielle Way.”Ok we buy new cars but not in the numbers that are produced…the aliens must just be bemused looking down from Mars!!!Of course you could try the roads of the 21st Century that Jokin Joe and the Mad Monk will build …just like the M4 or M5..good luck with that ..
The mother-in-law arrives home from the shops to find her son-in-law Paddy in a steaming rage and hurriedly packing his suitcase.
”What happened Paddy ?” she asks anxiously.
”What happened!! I’ll tell you what happened. I sent an email to my wife telling her I was coming home today from my fishing trip. I get home… and guess what I found ? Yes, your daughter, my wife, with Joe Murphy in our marital bed! This is unforgivable, the end of our marriage. I’m done.
”Ah now, calm down, calm down Paddy!” says his mother-in-law. “There is something very odd going on here. Jean would never do such a thing! There must be a simple explanation. I’ll go speak to her immediately and find out what happened.”
Moments later, the mother-in-law comes back with a big smile. ”Paddy. I told you there must be a simple explanation …..she never got your E-mail!”
Have a great Monday..I will be sniveling!!!