I have long been a huge critic of the Bank of England, writing many posts about during the now long forgotten bubble suggesting that interest rates rises were warranted all the while watching King and his band of merry man continue to pump the bubble and then ultimately seemingly having no idea on how to…
After hovering between 250p & 280p for weeks the volume in BUMI this afternoon and in particular into the closing auction caught my eye – almost 1m shares uncrossed and the stock closed at 268p – just under the high of the day and above then then VWAP by quite a margin (one of the…
2012 has been yet another tough for those who like to trade the FTSE. The blue chip index is up just 5% YTD and has lagged the US markets in particular that have produced double digit returns so far. Much to the chagrin of trend followers (and in particular the likes of Man Group with…
I’m not sure whether this post-mortem on the Falkland Oil and Gas share price collapse is more appropriate to CSI or the X-Files? Either way, for punters in FOGL and indeed other Falkland oilies, this year, it has been a rather painful experience to say the least..! It certainly looks like the mini mania associated…
An RNS just out this afternoon detailing a dramatically scaled back fund raising announcement for Ceres Power Holdings and, thankfully, a clean sweep of management has been welcomed by Ceres shareholders. The stock has nearly doubled in price as the “bust scenario” has been averted! The company is now planning to raise only £3.3m, before…
It seems that foreign investors and hedge fund managers in particular are buying into the 2013 China recovery story following our lead here. In recent months they have started rebuilding their Chinese equity portfolios. Historically low valuations and two years of market underperformance couple with renewed signs of economic growth are prompting the cheque books…
Cantor Opening Call The FTSE is called to open up around 25-30 points higher this morning UK Corporate Announcements Kingfisher reports a Q3 total retail profit of £257m, against forecasts of £259m seen, and states that it has delayed some capital spending to next financial year Pennon Group announces an H1 operating…
DONT MISS OUT ON YOUR FREE £5 FTSE BET COURTESY OF SPREADBET MAGAZINE & CANTOR INDEX. CLICK <here> OR THE BANNER ON THE RIGHT TO TAKE ADVANTAGE OF THIS SPECIAL OFFER. 29 Nov 2012 Cantor Opening Call The FTSE is called to open up around 25-30 points higher this morning UK Corporate Announcements Kingfisher…
The Chinese equity market continued to give ground as we race towards the end of another year, with the benchmark Shanghai Composit Index closing below 2,000 on Monday for the first time since 2009 at 1991.17 – the lowest level in 4 years. “Investors are voting with their feet,” Zhang Ling, general manager at Shanghai River…
Cantor Opening Call The FTSE is called to open around unchanged to down 5 points today UK Corporate Announcements Thomas Cook announces full year revenues of £9.5bn from £9.8bn and also just under the forecasts with a full year pre-tax loss of £485m from £398m, and states it was taking measures to boost…
