Looking at the table above of the share prices for many popular AIM oil and gas shares at the beginning of 2012 versus where they are now is, on the whole, a pretty grim picture… For all the companies listed above, the average return was a disapointing loss of 28%. With some, such as Chariot…
Dan Loeb, Third point Many hedge funds have delivered meagre returns, yet again, in 2012 after a disappointing 2011. Most having not benefited from bets on the hot sectors, namely – U.S. mortgage debt, Greek bonds and eurozone banks. In 2011, the average fund dropped 4.8% and some equity focused funds suffered an average 19% drop.…
A rather underwhelming response to the video released on Friday afternoon by Xcite Energy featuring Chief Executive, Rupert Cole, with the shares dropping 3% on Friday and close to 2% today to less than 90p. Like his predecessor, Richard Smith, who had several videos produced with Proactive Investors, Cole appears to have not produced the…
HMV Group looks like it’s likely to be next victim on the British High street after a catalogue of recent bankruptcies including Clinton cards, Game and Peacocks. Today HMV warned that it was likely to breach banking covenants in January after faltering sales in the last few weeks in the run up to the…
News out today that Warren Buffett’s Berkshire Hathaway has spent $1.2 billion buying back 9,200 of its class A shares for $131,000 each from the estate of a long term investor. Berkshire said they may buy more stock in the market at prices up to 120%of book value. The A shares of Berkshire are…
The expensive (£1.2 trillion at one point) and currently loss making bail out’s of British financial institutions by the U.K. government including RBS, Lloyds and Northern Rock following the financial melt down of 2007-2008 has had a significant and continued negative impact on the public finances. In contrast, U.S. taxpayers have fared much better from the…
The Telegraph’s Questor wrote a piece on Falkland Oil and Gas over the weekend, highlighting how low the share price is after the recent Scotia drill failure but advising readers to avoid the shares. Questor’s sentiment is right in that the recent South Falklands drilling campaign demonstrated the high cost of drilling deep water as…
Apple’s shares fell 6.4% yesterday to finish at $539 wiping $35 billion off its market capitalisation and marking the worst percentage decline since mid-December 2008. Back in September Apple was trading at $705. The sell off was triggered by numerous factors but rumours are abounding that the stock is being shorted by hedge funds taking…
Its a topsy turvy world for Chinese stocks right now. The Shanghai composite index rallied 2.8% today, after dropping to a near four year low earlier in the week after a meeting of China’s new leadership team implied that they would be ready to take action over the next few months to support economic activity.…
Back in August 2010 Nighthawk Energy and Nostra Terra Oil and Gas (NTOG) took legal action against several bulletin board users who were allegedly making defamatory comments against the companies and their directors. As well as contacting the City of London Police, the two companies went to court to force the bulletin boards iii.co.uk and…
