FaceBook shares fell 8.5% in the regular trading session yesterday to $26.85, following game developer Zynga’s disappointing earnings which sent their shares down 38% (Zynga produces games for the FaceBook platform). Then came FB’s earnings report after Wall’s Street close and the shares tumbled another 11% to $23.97, an all time low after failing to…
This week’s AGM of Fidelity’s China Special Situations fund proved to be an uncomfortable experience for the 62 year old veteran investor Anthony Bolton. He is famous for delivering annualised growth of 19.5% over a 28 year career (1979-2007) managing the UK Special Situations fund, turning a £1,000 investment into £147,000. In 2009 Bolton surprised…
Following three days of losses on world stock markets, Apple’s disappointing results after the close last night has pressured futures yet again. As flagged previously, the expectation of a new version of the iPhone later has held back sales in this quarter, and the device now accounts for around 2/3 of profits, but the company…
Despite all the market turmoil over the last few days as a result of the fears over Spanish and Italian sovereign debt, all appears well in the world of oil and gas mergers and acquisitions with the announcement of two deals yesterday involving North Sea assets. What’s more they are both at significant premiums for…
An RNS this morning from Range Resources and Red Emperor Resources (and operated by Horn Petroleum) who are jointly drilling a well in Puntland, Somalia has delivered investors some disappointing news. After announcing last week that a 50 metre section of the Shabeel North Well had evidence of hydrocarbon shows, an open hole Drill Stem…
Plenty for technology investors to get their teeth into next week in terms of earnings announcements after Microsoft’s first ever quarterly loss announced last week. Apple’s fiscal third quarter is out on Tuesday after the Wall Street close (the company’s financial year runs October to September). Expectations are for earnings of $10.37 per share on…
A fairly bullish week driven by relatively positive earnings news from the United States ended with a big sell off on Friday due to renewed concerns about Eurozone debt issues with Spanish bond yields rising to unsustainable levels once again. With many big earnings announcements out from US companies over the last 2 weeks, including…
News yesterday that Ignis Investment Services had increased their share holding to around 7% appears to have put a firm floor on the Borders and Southern share price. After moving as low as 14p yesterday, the shares are currently 18p to buy, a 7.5% rise on the day. After the disappointment of the Stebbing well…
Xcite energy announced this morning that the Bentley field extended well test (EWT) well is flowing at a stabilised rate of 2900 barrels a day, exactly in line with the December 2010 well test (at which point the shares rose to over £4 albeit with almost half the number of shares in circulation!). They also…
In early June, the Shabeel North well in Puntland, Somalia was spudded with a targer depth of 2400 metres. The well is operated by Canadian listed Horn Petroleum (60% share) with AIM listed Red Emperor Resources holding a 20% interest and AIM/ASX listed Range Resources 20%. The drill was planned to take around 60 days…
