Bowleven plc (‘Bowleven’ or ‘the Company’) IM-5 drilling update and potential Intra Isongo hydrocarbon discovery IM-5 well, Block MLHP-7, Etinde Permit, Cameroon Bowleven, the Africa focused oil and gas exploration group traded on AIM, is pleased to announce the following update on the IM-5 well drilling offshore Cameroon. The IM-5 appraisal/development well, located approximately one…
30 Jan 2013 Cantor Opening Call The FTSE is seen opening down around 5 points this morning UK Corporate Announcements Imperial Tobacco states that it stays confident on its strategic focus and that the macro economic environment remains challenging Polymetal details that Q4 sales gained 5% to $571m United Utilities states that it is…
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Regular readers of this blog and magazine will know that we have had “our arms around” Ceres for some months now… We were waylaid by perhaps the UK’s most ineffectual CEO – David Pummell, but we are back on track. We have been predicting double digits for a week or so now (see here –…
With the FTSE still refusing to make any material move to the downside and so confounding the bears (we also put on a short at the 6270 level), even in the face of the most overbought (on a daily RSI basis – see below) measure since May 1997 and now putting 10 up weeks out…
The Monthly graph above shows the stellar performance of Gold over the past 25 years. From lows of under $300, at the start of the millennium, up to the highs above $1,900 posted late last year. This graph is all the more extraordinary as this is on a semi-log scale, which gives percentage gains the…
EDITOR UPDATE – GUESS WHO WERE PUSHING VMWARE (VMW) AS A CONVICTION BUY INTO TODAY’S 17% PRE MARKET FALL..? You guessed it – the Squid!! It seems that everybody’s favourite investment bank – Golden Sacks – lived upto it’s “cute” reputation again last week, selling just under $30m of six-month structured notes tied to the…
BlackRock, the world’s largest asset manager, has joined hallowed company in Prince Alwaleed bin Talal, DST Global and Kleiner Perkins on the list of venture capital investors in the world’s largest micro-blogging company – Twitter. BlackRock acquired a stake of $80m last week, valuing Twitter at some $9bn. Even though the recent IPO activity for…
Cantor Opening Call The FTSE is seen opening up around 5-10 points higher today UK Corporate Announcements National Grid confirms its full year outlook as it sees a continued solid performance British Land details UK occupancy of 97.7% and that 62% of office developments have been pre-let, under offer PZ Cussons announces H1…
FTSE DAILY In the past few weeks we have kept a close eye on the 2012 highs, as these had been a major resistance area, with added importance due to its close proximity with the psychologically important 6,000 level. We can see how the FTSE has pushed through the 6,000 level and through the cluster…
