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Davidjhill's Latest Comments

Actually the UK market always used to open at 9am until the mid 90's. It changed to 8am to align to European opening hours rather than overlap with Asia, but a side benefit of sorts. I see no reason to change market hours. The Fixed Income, FX and Deriv markets aren't going to change. People will still be at their desks at 7am.

Interesting market take on Kin and Carta (LON:KCT) this morning which dropped 14% at open. Trading update said they were "marginally" behind expectations, which at 9.36p suggests maybe what 3-5% max so 9p EPS? However, this was because they took a decision to invest more as the innovation business was doing well and they want to take advantage of the opportunity for future periods. So…

cafcash - it's an interesting one. The downside of that approach is being whipsawed. it works well in a prolonged downturn of course but less so in a volatile range as it relies on you getting the top and bottom right. Not a strategy I would personally normally pick in a month like August where moves will be extreme but valid enough if you think…

At a macro level it is worth noting that August is a horrendous time for exaggerated moves given the very low volumes and subsequent illiquidity. I read from JP Morgan (I think) that this August is even lower than usual so people should be careful not to get sucked into panic trading. August takes an even calmer head than usual to make rational decisions. not…

Burford Capital (LON:BUR) quite a few companies value illiquid assets at purchase/impairment price until such time as they realise value from a sale, including property companies. You will find that often quite large discounts are applied where a company values illiquid assets at what might be considered current market value. Take Inland Homes (LON:INL) for example. They have a NAV of approx 100p and with…

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