The latest ups and downs on the stock market
Will Admiral’s stock ever stop rising? In the past month it has rocketed 10%; last week it lifted another 2.4%. If the shares lift a little more, the company’s stock will have doubled in a year.
The market obviously loves its year-on-year growth, and its ever-increasing global operations, but can it go on forever?
The same cannot be said of Jelf. After the initial excitement of its share placement, the broker’s share price has declined from a high of 49.5p to 39p.
Jelf’s private equity backers, Cap-Z, have a history of getting the best of their chosen partners. Only time will tell if the American firm has got it right once again.