Back in blighty and the joys of summer are over. Pouring rain greeted us at Gatwick. Then our reserved taxi did not show up and we had to take the train to Victoria to proceed on our journey. We were surrounded by a mother who was breast-feeding three children, the eldest of whom was about 7. Then, despite promises, the internet wifi connection at our Mudchute Manor has still not been activated by BT, the local phone company despite 4 months for doing so having gone by. My company is billed monthly and pays of course. And then a former reporter from South Africa emailed that he needs my banking account details to become a vendor with Amazon and I could not figure out why he would do this. So I tried a simple way to get him to prove he was the man he said he was, asking for his daughter's name. She was born when he worked for me. The note was from an imposter who did not get her name right.

I am not the smartest knife in the drawer but I can spot thieves and scamsters. This is the second such episode in the last few months. Earlier I got emails allegedly from a Texas reader seeking my help to fund treatment of her non-existent relative in the Philippines. Fake as a 2 dollar bill that one was.

Users of the internet beware: look at the nature of what they are being asked to believe. More from Mongolia, Brazil, Portugal, The Netherlands, Ireland, Britain, Switzerland, Canada, and Mexico today.

*Eduardo Garcia writes that Fibra Uno, the Mexican REIT, is paying $90 mn to buy the Hilton Hotel in Mexico City's Centro Historico, of which $31 mn is the assumption of debt. He writes in www.sentidocomun.mx.co that the hotel will be substantially restored by FBASF.

*Paddy Power plc is again on the rise in Dublin, presumably because it made book on the Soccer World Cup. The stock barely trades in the US but it is a favorite in Ireland whenever people look for an alternative to Ryannair among Irish global companies.

*CAE managed to sell marginally more civil aviation flight training and simulators under contract to airlines than it sold to governments for military planes, C$120 mn vs C$110 mn in its Q1 to end June. Its sales were for Bombardier, Boeing, and Airbus aircraft for Middle East Airlines, Turkish, and Lion Air.

*Mongolia Growth Fund reported that its May rental income on properties owned more than a year rose 28.8% from May 2013. This is in Togrog, the local currency, but the amounts are even higher in C$ because the currency is very strong.It has now gone into my business, creating a bilingual quarterly quarterly publication covering the Mongolian commercial real estate market. Things are picking up in Mongolia which now has commissioned a new450 mW power plant from GDF Suez of France. And it now offers 2x weekly flights to Paris via Hunnu Air and 2x weekly flights to Frankfurt via Mongolia Air.

*GSK and Theravance won another approval for their joint squirts of Anoro-Ellipta for chronic obstructive pulmonary disease, this time from Australia. GlaxoSmithKline gets royalty income as each new country signs up.

*The market seems to think that National Suisse being taken over by Helvetia is good news for our insurance company in Switzerland, Zurich Financial, ZURVY.

*I bought more Naibu, the Chinese retailer to teens and young adults listed on the AIM here, at 63 pence because the local brokerage covering the share here is so enthusiastic. NBU.

*I also put my money where my mouth is and bought more Portugal Telecom today at an extraordinary $2.75. The share fell because the government development bank in Brazil, the BNDES put out a notice criticizing the cross traded commercial paper which PT bought in one of its shareholder families. The BNDES which is a minority shareholder in PT's target Oi through the fixed-line phone company Telemar. It said that the commercial paper exchange is ''bad corporate governance'' which is surely true.

There are also huge problems in Iberian stock markets although PT is hardly on a par with the hot spot internet total fraud uncovered in Spain. As I keep saying if there was a fraudulent purchase of Banco Espirito Santo paper in Portugal by PT after the capital increase in Brazil by Oi the authorities of three countries will be unwinding it because PT filed a W4 with the SEC on its future merger with Oi. Moreover, Zainab Mohammed Bava is not likely to cover up for posh Portuguese or a Brazilian marques. Bava, CEO of both companies, is a Mozambique-born self-made British-educated investment banker of Indian subcontinent and Muslim heritage.

I think this is one of those golden opportunities which come along every 5 years or so, on a par with Nokia or Royal Bank of Scotland $-denominated preferred shares or the Argentina telco yankee bonds ultimately backed by Telefonica de España. When I find one of these I am prepared to ride it down as the market panics.ow

*Sanford Bernstein recommends Vale among iron ore giants citing its lower pe ratio than its rivals, the higher percentage of ore pellets, which are greener than other ore, and its eventual Zambian mines. I am buying not the common which I have enough of, but of the higher yielding VALE pref.

*Liberty Global published its terms for taking full control of Ziggo of Holland. It will offer euros 11 per share which will come in the form of .2202 A shares and .563 C shares. The offer runs till Sept 20. There will almost certainly be some arbitragers at work pushing down both LBTYA and LBYTK stock, but the latter will be more in focus.