Post from Tuesday – We have been net buyers of Lonmin in recent months, believing the company’s assets to be very attractive to other players (and as evidenced by Glenstrata’s attempt to buy them on the cheap). I still wouldn’t discount a move by Aquarius or even Glasenberg again whilst the stock remains depressed and…
09 Jan 2013 For more interesting research & professional Technical Analysis from Cantor Index click here to register for free. Cantor Opening Call The FTSE is called to open up around 10 points higher this morning UK Corporate Announcements Sainsbury announces Q3 total sales gained 3.9%, +0.9% ex fuel, largely in line and states that the…
Why on earth Piers Morgan wants to live amongst those crazy Yanks is utterly beyond me. Personally I’d sooner seek sanctuary in Iran or North Korea! The scary thing is looking at the comments beneath the article – the dumb ****’s actually side with that crazy conspiracy theorist…
Simple buy and hold merchants are no doubt happy with what US markets delivered in 2012. The main market gauge, the S&P 500 rose 13.4%, the tech index Nasdaq 100 rose 16.8% and the small cap index Russell 2000 closed out the year up 14.6%. No matter what the flavour you choose, all the main…
Horn-Smith More news stories out overnight surrounding the EGM that ol Natty is requisitioning to replace largely the entire Board (see below). I must say I agree wholeheartedly with his stance, Horn-Smith has proved extremely ineffectual this last few months since the allegations of corporate skullduggery came to light. Another example of the gilded public…
08 Jan 2013 For more interesting research & professional Technical Analysis from Cantor Index click here to register for free. Cantor Opening Call The FTSE is seen opening down around 5 points lower today UK Corporate Announcements Debenhams states that it has posted its highest ever December sales, with 18 week LFL sales up…
07 Jan 2013 For more interesting research & professional Technical Analysis from Cantor Index click here to register for free. FTSE DAILY CHART In the past few weeks we have highlighted how the FTSE had broken down through its previous bullish trading channel. We mentioned at the time however that a trend line break does not necessarily…
UPDATE – 18:13PM – We have been watching BUMI throughout the day today and noted the heavy volume relative to recent weeks (see below). There was a 2 way pull but towards the close and into the auction in particular they were well bid. I expect a news update in the next few days and…
The acid test for Ceres shares following the substantial rise seen in recent weeks following the recapitalisation will be what the stock price does once ORA hit the 29.9% – I think they are pretty much there now. Will IP2PO then step up to the plate or fresh buyers? I don’t want to pat myself…
