Tuesday, 3 May 2016

Is Odey still bearish or turning bullish - part 2

Ping! An email arrives with the latest Odey Asset Management investor letter.

Whilst the fund's overall performance - down about 31pc since the beginning of the year to the middle of April - made headlines a couple of weeks ago in the venerable Financial Times, I can provide a bit of colour about where the old buffer has taken a hit in his flagship Odey European Fund.

Long positions in Nokia, Barclays and Sky, and short positions in Arcelor Mittal, Ashmore and LafargeHolcim were the main drags.

Some of Odey's currency trades went a bit awry, too. An Aussie dollar to US dollar position contributed to an 8.1pc hit, according the March letter.  

Still, the pro-Brexit fund manager reiterates his financial-armegedon-round-the-corner view in his latest missive to investors.

I guess he may get his wish if Britain decides to leave the European Union on June 23. Or is that just too cynical?.

13 comments:

  1. Hello am Mary Coolman Am giving this testimony because am so happy, I want to thank Dr OGUNDU for the great thing he has done in my life, he brought happiness to my life! A very big problem occurred in my Marriage seven months ago, between me and my husband so terrible that he took the case to court for a divorce. He said that he never wanted to stay with me again, and that he didn't love me anymore. So he packed out of the house and made me and my children passed through severe pain. I tried all my possible means to get him back, after much begging, but all to no avail. And he confirmed it that he has made his decision, and he never wanted to see me again. So one faithful evening, as i was coming back from work, i met an old friend of mine who asked of my husband .So i explained everything to him, so he told me that the only way i can get my husband back, is to visit a spell caster, because it has really worked for him too. So i never believed in spell, but i had no other choice, than to follow his advice. Then he gave me the email address of the spell caster. drogunduspellcaster@gmail.com So the next morning, i sent a mail to the address he gave to me, and the spell caster assured me that i will get my husband back the next day. What an amazing statement!! I never believed, so he spoke with me, and told me everything that i need to do. Then the next morning, so surprisingly, my husband called me to inform me that he was coming back. So Amazing!! So that was how he came back that same day, with lots of love and joy, and he apologized for his mistake, and for the pain he caused me and my children. Then from that day, our relationship was now stronger than how it was before, by the help of a spell caster. So, i will advise you out there if you have any problem contact Dr OGUNDU, i give you 100% guarantee that he will help you. Email Him drogunduspellcaster@gmail.com

    ReplyDelete
  2. Hi everyone! So excited my husband is back after a break up !
    My husband broke up with me last week, i was so frustrated and i could not know what next to do again, i love my husband so much but he was cheating on me with another woman and this makes him broke up with me so that he can be able to get marry to the other lady and this lady i think use witchcraft on my husband to make him hate me and my kids and this was so critical and uncalled-for,I cry all day and night for God to send me a helper to get back my man until i went to NY to see a friend and who was having the same problem with me but she latter got her Husband back and i asked her how she was able to get her husband back and she told me that their was a powerful spell caster in Africa name Dr.Unity that he help with love spell in getting back lost lover back, and i decided to contacted the same Dr.Unity and he told me what is needed to be done for me to have my man back and i did it although i doubted it but i did it and the Dr told me that i will get the result after 48hours, and he told me that my husband was going to call me by 9pm in my time and i still doubted his word, to my surprise my husband really called me and told me that he miss me so much, Oh My God! i was so happy, and today i am happy with my man again and we are joyfully living together as one good family and i thank the powerful spell caster Dr.Unity of Unityspelltemple@gmail.com , he is so powerful and i decided to share my story on the internet that good spell casters still exist and Dr.Unity is one of the good spell caster who i will always pray to live long to help his children in the time of trouble, if you are there and your lover is turning you down, or you have your husband moved to another woman, do not cry anymore contact the powerful spell caster Dr.Unity on his email: Unityspelltemple@gmail.com .if you have any problem contact Dr.Unity, I guarantee you that he will help you. Thank you sooooo much Dr Unity.

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  3. Would it be possible to send a copy of Odey's newletter/views on market to charles.jarvis@gmail.com

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    Replies
    1. I'm so excited share this testimony about how I got my ex love back. I was going crazy when my love left me for another girl last month, But when i found the website of ex back where i found about Dr.Unity on how is has help alot people to restore their relationship,I contacted Dr.Unity and i narrated my problem to Dr.Unity about my ex and a job in a very big company that i want to work.He only said to me that i have come to the right place were i will be getting my heart desire without any side effect.He told me what i need to do,After it was been done,In the next 3days,My love called me on the phone and was saying sorry for leaving me before now and also in the next one week after my love called me to be pleading for forgiveness,I was called for an interview in my desired company were i needed to work as the managing director..I am so happy and overwhelmed that i have to tell this to the entire world to contact Dr.Unity at the following email address and get all your problem solve..No problem is too big for him to solve..Contact him direct on: Unityspelltemple@gmail.com or call him on +2348072370762 and get your problems solved like me..... ONCE AGAIN HIS EMAIL ADDRESS IS: Unityspelltemple@gmail.com. he is real and very powerful to help.

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  4. My life became devastated when my husband sent me packing, after 8 years that we have been together. I was lost and helpless after trying so many ways to make my husband take me back. One day at work, i was absent minded not knowing that my boss was calling me, so he sat and asked me what its was all about i told him and he smiled and said that it was not a problem. I never understand what he meant by it wasn't a problem getting my husband back, he said he used a spell to get his wife back when she left him for another man and now they are together till date and at first i was shocked hearing such thing from my boss. He gave me an email address of the great spell caster who helped him get his wife back, i never believed this would work but i had no choice that to get in contact with the spell caster which i did, and he requested for my information and that of my husband to enable him cast the spell and i sent him the details, but after two days, my mom called me that my husband came pleading that he wants me back, i never believed it because it was just like a dream and i had to rush down to my mothers place and to my greatest surprise, my husband was kneeling before me pleading for forgiveness that he wants me and the kid back home, then i gave Happy a call regarding sudden change of my husband and he made it clear to me that my husband will love me till the end of the world, that he will never leave my sight. Now me and my husband is back together again and has started doing pleasant things he hasn't done before, he makes me happy and do what he is suppose to do as a man without nagging. Please if you need help of any kind, kindly contact Happy for help and you can reach him via email: happylovespell2@gmail.com

    ReplyDelete
  5. Hi everyone! I'm so excited my husband is back after a break up !My husband broke up with me last week, i was so frustrated and i could not know what next to do again, i love my husband so much but he was cheating on me with another woman and this makes him broke up with me so that he can be able to get marry to the other lady and this lady i think use witchcraft on my husband to make him hate me and my kids and this was so critical and uncalled-for,I cry all day and night for God to send me a helper to get back my man until i went to NY to see a friend and who was having the same problem with me but she latter got her Husband back and i asked her how she was able to get her husband back and she told me that their was a powerful spell caster in Africa name Dr.Unity that he help with love spell in getting back lost lover back, and i decided to contacted the same Dr.Unity and he told me what is needed to be done for me to have my man back and i did it although i doubted it but i did it and the Dr told me that i will get the result after 48hours, and he told me that my husband was going to call me by 9pm in my time and i still doubted his word, to my surprise my husband really called me and told me that he miss me so much, Oh My God! i was so happy, and today i am happy with my man again and we are joyfully living together as one good family and i thank the powerful spell caster Dr.Unity of Unityspelltemple@gmail.com , he is so powerful and i decided to share my story on the internet that good spell casters still exist and Dr.Unity is one of the good spell caster who i will always pray to live long to help his children in the time of trouble, if you are there and your lover is turning you down, or you have your husband moved to another woman, do not cry anymore contact the powerful spell caster Dr.Unity on his email: Unityspelltemple@gmail.com .if you have any problem contact Dr.Unity,I guarantee you that he will help you.Thank you so much Dr Unity.

    ReplyDelete
  6. Hi, my girlfriend of a year had a bit broke up with me and went back to her EX-boyfriend. She said our relationship lacked the conversation piece because am a very quiet person and she don't feel loved by me. I felt heart broken and it affected me that i couldn't concentrate properly at my place of work for i very much loved her and need to get her back and my last chance was getting a love spell. I entered on the website http://doctorokpamenpowerfulspelltemple.webs.com and made contact with the Doctor for i read that he has a lot of positive feedback with his spells. I’m not disappointed because my lover came back to me within 24 hours after getting a love spell from the Doctor called Osemu Okpamen. We are happy couples now and if you need any kind of help, Email him on ( doctorokpamenspelltemple@hotmail.com or whats-app +2348135254384 ). Michael Snapp, +1 (305) 647-6660 USA.

    ReplyDelete
  7. Dr. Wakina please help, I need my husband back to be a King to me and our children and also treat me like a Queen, was my request to the greatest spell doctor via *dr.wakinalovetemple@gmail.com* His love spell helped me to regain my King for eternity, we have already forgotten we had issues in the past.
    I decided to share this review because it’s worth sharing, a spell doctor I haven’t met before brought back the man that did not want me 3 months ago because things were not getting any better between us and we haven’t made love for 4 months, but he was glad with that and moved on with his life. He told me he is done and advised me to file for divorce. He told me he will only care for our children and he stopped loving me since December last year. It made me cry and I told him that he will love me again before he asked me to go to hell.
    Am happy my wishes was granted when all hope was lost. Thank you so much Dr. Wakina. <3

    ReplyDelete
  8. Hi, my girlfriend of a year had a bit broke up with me and went back to her EX-boyfriend. She said our relationship lacked the conversation piece because am a very quiet person and she don't feel loved by me. I felt heart broken and it affected me that i couldn't concentrate properly at my place of work for i very much loved her and need to get her back and my last chance was getting a love spell. I entered on the website http://doctorokpamenpowerfulspelltemple.webs.com and made contact with the Doctor for i read that he has a lot of positive feedback with his spells. I’m not disappointed because my lover came back to me within 24 hours after getting a love spell from the Doctor called Osemu Okpamen. We are happy couples now and if you need any kind of help, Email him on ( doctorokpamenspelltemple@hotmail.com or whats-app +2348135254384 ). Michael Snapp, +1 (305) 647-6660 USA.

    ReplyDelete
  9. How I Was Rescued By A God Fearing And Trusted Lender {Lexieloancompany@yahoo.com}..

    Hello, I am Andrew Thompson currently living in CT USA, God has bless me with two kids and a lovely Wife, I promise to share this Testimony because of God favor in my life, 2days ago I was in desperate need of money so I thought of having a loan then I ran into wrong hands who claimed to be loan lender not knowing he was a scam. he collected 1,500.00 USD from me and refuse to email me since then I was confuse, but God came to my rescue, one faithful day I went to church after the service I share idea with a friend and she introduce me to LEXIE LOAN COMPANY, she said she was given 98,000.00 USD by MR LEXIE , THE MANAGING DIRECTOR OF LEXIE LOAN COMPANY. So I collected his email Address , he told me the rules and regulation and I followed, then after processing of the Documents, he gave me my loan of 55,000.00 USD... well if you are interested in a loan you can as well contact him on this Email: Lexieloancompany@yahoo.com or call/sms on: +18168926958 thanks, I am sure he will also help you.

    ReplyDelete
  10. I am 48, have 3 children, 2 boys age 25 and 22 and a daughter of 11. My husband left me last year after 25 years of marriage (he turned 50). It has been the most difficult year of my life, but full of lessons about myself and what life and marriage are all about. I am passionate about marriage and i didn't give up on my husband because he is still seeing someone else. Am Arice Stringer by name and resides in Ohio USA. I entered online in search of advice on how i can amend my marriage while i was at work. I saw so many positive reviews and nice feed back about how a Doctor called Osemu Okpamen has been wonderful with his spells. I gave a shot to make contact with him via his Email and he assured me that my marriage will be peaceful and i believed in his words. 16 hours after he finished preparing the spell for me, my husband came back home pleading and now, we are living peacefully again. Get in contact with him if you need any help via E-mail: doctorokpamenspelltemple@hotmail.com, website: http://doctorokpamenpowerfulspelltemple.webs.com, what's app or call on +2348135254384.

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  11. In our simple life, love plays a very specific role.Now we are able to make your love life healthy and it has no space for any type trouble. These all are possible with the help of AGBAZARA TEMPLE OF SOLUTION. He helped me cast a spell that brought my long lost lover back withing 48hours who left me for another woman. you can also contact him on ( agbazara@gmail.com ) or call him on +2348104102662 and be happy forever like am now with his experience.

    from USA.

    ReplyDelete
  12. Hello
    Am from united states, i am married with two kids. Life has been a misery for me and my kids for over six years when my husband dumped me for his new mistress due to some minor misunderstanding that we had. So he engage in a fight with me and throw me out of the house, so all through these sorrowful period of my life, i have been in pain. So one day, as i was browsing through the internet, i came across many post about spell casters testifying how they were helped by them so i decided to seek help and advice. but naturally i didn't believe in spells or magic powers but due to the fact that i was deeply in love with my husband, i decided to go for a try, So i came in contact with Dr.iyaryi of driayaryi2012@hotmail.com but before i contact Dr.iyaryi, i was scammed by a lot of spell casters who makes me believe that they can help me. So because of all these, i almost lost hope that i can't get my husband back anymore so when i contacted this Dr.iyaryi, he assure me that he will help me to reunite my marriage, so without demanding any single cent from me, he did a spell for me and he advice me to wait for just 24 hours. I actually waited as he said, so when it was 24 hours after he did the spell, my husband actually called me on my mobile phone and started apologizing for everything that he had caused me and the kids. This was how my marriage was reunited again and Starting from this point till date, i and my husband has been living peacefully and happily. Anybody viewing this testimony should please stop by and read and if you are so interested in contacting Dr. iyaryi for any help, simply do that via his email id (driayaryi2012@hotmail.com) and remain happy. Thanks.

    ReplyDelete