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Certainly true aflash that, less than two years ago, some City 'experts' estimated that the Equity of Glencore & Anglo American may well be worthless. In hindsight, they clearly got it very wrong. Worth remembering this event when deciding how much weight to put on ' RBC Capital markets has a price target of 100p and Morgan Stanley 260p'. (!)

Julian In both 2015 & 2016, Inland Homes (LON:INL) revalued their Investment Property Portfolio creating a large credit in the P/L. You need to remove this from the numbers to make a fair comparison with the 2017 reported profits.

Paraic, if you open an account with one of the major CFD firms (IG, CMC, InterTrader Direct etc) then you can freely short the major indicies (UKX, DAX, CAC, SPX, RUT etc) at a sub 1% margin.Less liquid indicies can be shorted via shorting ETF's  e.g. iShares FTSE 250 UCITS ETFThe next few years may well be an upside struggle, so the ability to short…

That's a fair point ratioinvestor, the Net Current Assets calculation assumes that inventory is worth it's Balance Sheet value.On the other hand, the Net Current Assets is conservative as it ignores all Fixed Assets - the GMD Balance  Sheet suggests total Fixed Assets of £83million.

"there are 75 LSE shares where closing cash balance is currently higher than market cap"I'm guessing one of these is Johnston Press (LON:JPR) ?Cash £16m, Market cap £14m.It also has £143m of long term debt.I hope the other 74 companies on your list are not as financially distressed?!



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