E Bull In A China Bourse

*The UK competition watchdog clear the merger of Standard Life (SLFPY) with Aberdeen Asset Management yesterday after the shareholder vote. Both stocks fell post-merger perhaps because of rumors that SLFPY plays to also take over Scottish Widows, another fund manager, now part owned by Lloyds of London.

*Delek Group (DGRLYin Israel is down because of a draft prospectus to spin off its Tamar Petroleum Ltd sub in Tel Aviv to raise money. The expert forecasts of oil and gas in the draft cover the Tamar and Dalit concessions and show much lower US$ revenues from electricity generators and industrial companies in Israel apart from Israel Electricity Corp. Apart from IEC, Israeli gas prices are fixed to that of Brent crude, and oil prices are now around $43, well below the previous assumptions.

DGRLY is having problems raising money by sale of its regulated Phoenix Insurance sub and is being forced to flog it crown jewels to continue investing.

*Yesterday in UK trading, our Virgin Money (VRGDF) rose dramatically higher for two reasons. First, UK sub-prime mortgage broker Provident Financial reported truly rotten results as Britons could not pay their mortgages. The stock fell nearly 18%. Another factor may have been an error. Virgin's cellphone line  will be marketed in the US by Apple, which will use it to sell plans aimed at cheapskates who do not want to be locked into a contract. They will pay upfront for their Virgin phone.

Apple stores now will sell Virgin Mobile licensed iPhones made by Sprint in return for which Virgin will drop its Android line and move to iPhones.

Sir Richard Branson, the chief honcho of the Virgin brands, made a presentation at which he said the two firms should work together well as they both advocate human rights and social causes. The philantophist mainly is getting fees for licensing the Virgin name.

A Virgin phone, once you have bought it, will cost $1 for the first year of phone, text, and data service at your friendly US Apple dealer.

Health Tech

*CAE of Canada released a study of how its Juno training simulators help nursing students move from the classroom to the real world before they work with real patients. They work with Juno (female) manikins, which are wireless and tetherless to learn 10 clinical experiences. Juno can also be converted easily to a male maikin which save money. The study on the advantage of simulation was down by the US National Council of State Boards of Nursing some years ago.

Juno is available for sale at the INACSL conference in the US and at the Human Patient Simulator Network in the UK, as well as through CAE sales and marketing, in time for fall semester nursing courses.

*Nokia Technologies (NOK) showed a film made with its own OZO+ camera and software at the Cannes Lion International Festival of Creativity yesterday. Healthier Together, as it is called, shows how it can sell consumer digital healthcare products on-line by direct sale. I think this counts as healthcare as well as tech, so I am republishing it.


*Nokia also managed to win with its jv partner Infracapital a broadband service contract for northern and central Poland. They will be responsible for managing, planning,designing and installing both broadband and eventually fiber-optic service to the Warsaw governmnet which owns the telco. The contract is valued at about euros 300 mn

*Barron's blog reports that analysts looking into sports and gaming favor Tencent and DeNA (DNACF) over Nintendo (NTDOY). Northern Trust ranks them as its faves in that order while Deutsche Bank just picks TCTZF because of its game and esports titles. The esports app uses multiple players and spectators in game playing.I tried to buy back DNACF last week but was put off by the $50 charge Fidelity imposed, and therefore will wait till I had negotiate a lower commish when I am back in the USA. It is covered by Credit Suisse's analyst Keiichi Yoneshima who expects its stock to rise to Y3600, a 44% upside. So it can wait until I am back stateside.

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Chee Hin Teh 3 years ago Member's comment

thanks for sharing