And so, Gold weakened to its lowest level in more than a month yesterday, falling through the keyy 200 day moving average, even in the face of currency weakness, in particular the Yen which moved towards the key 95 level late last night. That is a powerful signal to Gold bulls – if it cannot…
12 Feb 2013 Cantor Opening Call The FTSE is seen opening around unchanged today UK Corporate Announcements Barclays announces that it is to cut 3,700 jobs and cut costs by £1.7bn by 2015 as it details a Q4 adjusted pre-tax profit of £326m down 19% United Drug states that it remains well positioned…
Herbalife is a US listed company with a market value of $4 billion. It is fast becoming one of the most talked about stocks in the financial press as two high-profile, billionaire hedge fund managers – Daniel Loeb & Bill Ackman square off against each other with opposing positions. Someone must lose and it will be…
We have been buyers of London Capital Group shares in recent weeks, believing the company to be woefully undervalued at current levels. At the nadirs around 34p, they were in fact trading at an approximate £3m discount to the net cash resources of the company which means that the company’s IT platforms, brand, FSA licence,…
FTSE DAILY CHART In the past couple of weeks the FTSE has posted some minor profit taking, bringing the index off the early 2013 highs. As yet no major technical damage has been done on this selling and the price action remains in the bullish trading range, which itself is an acceleration within the bullish…
11 Feb 2013 Cantor Opening Call The FTSE is seen opening around unchanged today UK Corporate Announcements Telecom Plus states that it sees its full year results in line Kofax announces Q2 revenues fell 9% to $63.7m Fidessa states that it has made a solid performance in the challenging markets Smurfit Kappa states…
Monday, February 11, 2013 UK Reporting: Fidessa Group Plc, FDSA, (R), Gcp Infrastructure Investmen, GCP, (SM), Kofax Plc, KFX, (R), Kofax Plc, KFX, e, (CC) S&P 500 Reporting: Dun & Bradstreet Corp/The, Q4, 2.405, Loews Corp, Q4, 0.295, Masco Corp, Q4, 0.006 Euro Stoxx 600 Reporting: Bilfinger SE, R, 6.137, Boliden AB, R, 11.968, Galp Energia SGPS SA,…
The one and only Mr Rudofsky Latest RNS out – NEOS Resources plc (“NEOS”) Update Further to the announcement made on 30 January 2013 the Directors have continued to review the financial position of the company and have taken professional advice as necessary. The Board has now agreed that it will seek an orderly realisation…
Stephen Rudofsky UPDATE – ANY SHAREHOLDER THAT HAS LOST MONEY IN THIS STOCK OVER THE LAST 8 MONTHS, PLEASE EMAIL EDITOR@SPREADBETMAGAZINE.COM – WE HAVE A TEMPLATE LETTER WE CAN SUPPLY YOU TO BE SENT TO THE FSA & AIM LISTINGS AUTHORITIES TO INVESTIGATE THE ANNOUNCEMENTS BY RUDOFSKY TO THE MARKET. UPDATE (2) – DOSSIER OF…
Now that January, with its snow, dark days and post Xmas hangover is finally behind us, we thought we would re-evaluate its performance in light of the so called “January effect” and that we first covered here on Jan 12 – http://www.spreadbetmagazine.com/blog/weekend-reading-as-goes-january-so-goes-the-rest-of-the-year.html. The piece was missing one essential piece of data – January 2013’s performance!…
