Swen Lorenz

Update from the Independent Committee of the Board of Eurasian Natural Resources Corporation PLC (the “Company” or “ENRC”) Statement regarding request for Rule 2.6 Extension and Indicative Proposal The Independent Committee of the Board of ENRC (the “Independent Committee”), consisting solely of independent non-executive directors of the Company, received a conditional, indicative proposal (the “Proposal”)…

The S&P 500 is now approximately 12% above its 200-day moving average, and a gap this large was last seen back in March of 2000, just before the dot-com crash. With regards to the Japanese market – well we are at historic extremes. Take a look at the 10 year chart below. You will see…

In the event of a bid, submissions to our competition centre around 370p with one optimist looking for over 500p! All will be revealed shortly it seems… With the consortia running it right to the wire of the deadline tomorrow, our guess is that per press commentary of an extension, that there is some guidance…

Jon Hilsenrath Jon Hilsenrath, a well known WSJ journalist, often seen as the U.S. FED’s inside man, published an article on WSJ’s Saturday edition about the central bank possibly exiting from its current QE program. The article didn’t reveal anything substantial, but it is particularly strong at transmitting some basic ideas: the FED now has…

The greatest disconnect in the world today is the underlying economies of the world and the markets – all of the markets.  This river is wide and getting wider given the money that the central banks are pushing downstream. The flood has reached all of the markets, Real Estate, the banks, many corporations, any and…

From my perspective it has certainly been a rather interesting past few weeks in terms of my life as a Chartist of the financial markets. I have to admit that my general approach has been to be someone who gives the benefit of the doubt to the upside on stocks, if only because most the…

Mark Lyttleton of BlackRock The elusive “alpha” in the centrall planned market environment gains another scalp…Mark Lyttleton, a star manager at asset management firm Black Rock and who became a U.K. poster boy for retail clients seeking hedge-fund style investments after posting positive returns in 2008 when markets crashed has been arrrested aling with his…

“Mr Yen” Sakakibara Japanese equities have risen a “bit too fast” and appear to be somewhat “bubbly,” according to the former vice finance minister of Japan, Eisuke Sakakibara, as the Nikkei crossed the key 15,000 level for the first time since 2008 on Wednesday. “The movement of equity prices seems to be somewhat bubbly – there will…

Alexander Machkevitch Both this weekend’s Telegraph and the Sunday Times are reporting that the 3 oligarch majority shareholders of ENRC, together with Govt of Kazakhstan and being led by Alexander Machkevitch, will ask the Takeover Panel for an extension to the bid deadline that looms for this coming Friday. Interestingly, the Telegraph is reporting that the…