UK Index heavyweight Vodafone slashed its dividend by 40% this morning. To some investors this was a surprise. To those in-touch with the financial markets, perhaps via a friendly broker such as Accendo, it was no surprise at all. The threat of a dividend cut explains much of Vodafone’s share price decline of the last 6-8…
The phrase “Buy when there is blood in the streets, even if the blood is your own” is attributed to 18th century banking superstar Baron Rothschild. Finding out the outcome of the battle of Waterloo ahead of other traders, the Rothschilds bought up a lot of British government bonds. The very same bonds that…
This week the UK 100 extended its pullback from 2019 highs. Déjà vu? You’re not mistaken. I wrote the same last week. The index even broke below 7300 to test 7200, a level we are re-testing as I type. Will this prove a mini-range which helps the index bottom out? Or is it merely a within…
When I last wrote about “Averaging In” the UK 100 was in the midst of a 16% Aug-Dec decline towards Christmas lows. This time, I hope the current 4.5% sell-off is a mere correction within 2019’s recovery rally (15% so far). So I hope we’re close to the bottom. Because we all want to buy at…
After several weeks of share drops and a seven-day losing streak, miners started moving to the upside today with a decent 1.1% spring. The jump came just as electric car-maker Tesla sees future shortages in metals and battery minerals. The move is a breath of fresh air, given that most miners have seen their share prices…
This week the UK 100 extended its pullback from 2019 highs. It even broke below 7400 to abandon its post-Christmas rising channel. However, February rising support came the rescue at 7319 to stem the declines and keep the uptrend alive. However, that breached 5-month trend-line has already served as resistance today. And falling highs are compounded…