Contrarian Investor UK

David Einhorn An interesting read from Greenlight Capital funds quarterly newsletter last year highlighting some of the issues the world may face from this unprecedented era of central bank intervention. Greenlight, is a “long-short value-oriented hedge fund” famously founded and managed by financial whizz-kid David Einhorn, who has generated an average annualised return of 22% since he…

The technology landscape is currently in major transition. From an era dominated by the desktop PC to one where smartphones and tablets are becoming an increasingly integral part of consumers lives and also where hard disks and memory cards are very slowly being replaced by the concept of “cloud computing”. Investors in technology stocks cannot ignore…

Facebook shares dIpped 3.5% to just over $30 a share last night after reporting fourth quarter earnings after the close of play in the US. The social network site’s shares have risen from a low of $18 in August last year as the company has focused its efforts on boosting ad revenues but it is…

The latest U.S. GDP shows that the economy contracted 0.1% in Q4 againgst expectations of a 1.1% increase, driven by a large drop in government spending on Defence and a drop in private inventories. This compares with a 3.1% increase for Q3 2012 GDP. The Q4 figures represent the first drop in GDP since 2009. Though…

South Falkland oil and gas explorer, Borders and Southern (BOR) are up 13.5% to 27p this morning after an operational update RNS giving some extra facts on figures relating to last year’s drilling campaign. The company’s analysis appears to show that its Darwin East discovery is commercial at $65 per barrel and above, the quality…

Some interesting new commentary from the latest fact sheet from broker Fox-Davies on Xcite Energy. It looks like they now have a signficantly more optimistic stance than some of their previous coverage. In October they raised fears that the Bentley North Sea field may be non-commerical due to operational costs, now they say that “Based…

  Despite reporting an 18% jump in revenue to $54.5 billion and net income of $13.1 billion for the period ending December 29th 2012, Apple sold off 10% in after hours trading on Nasdaq. Investors love affair with Apple seems to be coming to an end despite the gigantic cash pile of $137 billion and…

So far so good from the big technology companies fourth quarter 2012 earnings as Google and IBM came in with some strong numbers after the close last night. Google shares were up 5% to $738 after beating already strong earnings estimates. The company reported fourth quarter 2012 earnings of $2.9 billion, $8.62 a share, compared…

Another good day for Namibia and Morocco focused oil explorer, Chariot oil and gas, creeping up  a further 11% to 34.75p, making it a 21% in the last week and on strong volume as the chart below shows. After the failure of the Kabeljou well last September and Tapir South well in May in offshore…

Plenty of earnings action this week from across the pond, particularly in the big cap technology space. Factset’s latest report published at the end of last week (see below) states that, “Of the 54 S&P 500 companies that have reported earnings to date for the fourth quarter, 65% have reported earnings above estimates.” Whether the…