Midcap Roundup (6 Aug 2020) –

Midcap Roundup (6 Aug 2020) –

Hi folks,

Apologies for my recent absence! I’ve been fitting out my office (see my Twitter) and taking care of lots of other important but time-consuming tasks. Those who criticised my office setup will be pleased to know that I’ve ordered a very comfy chair, for delivery next week.

Today I’m going to look back at some of the midcap stories I missed while I was gone, starting with British American Tobacco (BATS).

The FTSE continues to bobble around the 6000 mark, and I’ve been structuring a trade for options on it which will expire early next year.

As for the virus situation, we are still threatened by local lockdowns (e.g. in Aberdeen) and European countries have had a few setbacks in terms of lifting their restrictions. The overall trend is towards easing restrictions and getting schools back open, but our economies and lives are of course very far from normal.

Gold and US tech stocks continue to make great gains. Or the dollar continues to decline, whichever way you look at it! I’m expecting lots more inflation in the years ahead, as governments resort to the printing press to pay for Covid-19 measures. This is part of the reason why I want a (very modestly) leveraged exposure to the equity market.

 


 

 

10
0
avataravataravataravataravataravataravataravataravataravatar
CATEGORIES

COMMENTS

Wordpress (3)
  • comment-avatar

    Hi Graham,
    I see a decent update today from Duke Royalty (DUKE); a company I believe you have owned shares in previously. Would you have any thoughts on the update and prospects?
    They seem to suggest that the portfolio of royalty investments have not been too badly impacted by Covid and that Q1 cash income covers FY operating costs. Share price is down a lot in recent months; a good opportunity?
    Thanks

    0
    0
  • comment-avatar

    Cripes, I thought you had got the dreaded lurgie or got lost in your overgrown new lawn and failed to find your way back to the house . I see Winni Frothy of Share Stroppy has been getting overly competitive with your office pictures and resorted to showing pictures of his minute swimming pool outside his Greek office . Its the type with a slope like a small Irish Dairy farmers slurry lagoon that you push the cow slurry into with a tractor mounted giant squeegee. Fails of course to mention the snakes !

    0
    0
  • comment-avatar

    This BATS write up is proving a hard nut to crack. Maybe third time lucky (strike) 🙂

    0
    0
  • Your Cart