As we have been postulating in our recent blog postings over the last few weeks, and also in the last magazine issue, we believe the mining sector to be widely undervalued. While global equity markets, led by the US are well off the lows seen at the start of the Great Financial Crisis in 2008,…
The New York Times ran a story earlier this week in which they deemed the Blackberry to be a source of shame for those company executives carrying them. Not surprisingly, CEO Thorsten Heins wasted no time firing back! Heins sent letter to the editor, telling the newspaper that the article “lacks the balance your readers expect”.…
We have played GBPAUD twice succesfully in recent months and, given the 4 cents retracement in the pair this last few days, think a fresh long position is a good trade at this level. Targetting 1.60 before Xmas. GBPAUD has a high inverse correlation with global stock markets too and so it is a useful…
Would you like some USD/JPY? Models are on the bid again. This is it, it’s finally time For USD/JPY to 109 I will not buy the USD/JPY! I will not buy it, yet again! I’ve been long since ‘98 I just stopped out, so now ill wait. Would you buy it on nonfarms? Would you…
North Falklands oil explorer Rockhopper Exploration today completed its 60 percent farm out deal with Premier oil for its 356 million barrel discovery. Upon receipt of the upfront cash payment of $231 million from Premier, Rockhopper will have net cash available of approximately $270 million. Its going to be a long wait for first oil…
For more interesting research & professional Technical Analysis from Cantor Index click here to register for free. 19 October 2012 UK Corporate Announcements Provident Financial states that it expects to report good results for the full year and is able to execute on its growth plans into 2015 Aggreko states that it is trading broadly in line with the…
GOOGLE 3Q REV. EX TAC $11.33B, EST. $11.83B GOOGLE 3Q ADJ. EPS $9.03, EST. $10.65 Q3 REVENUE EX-TAC $11.33 BLN VS EXP. $11.83 BN Q3 NETWORK REVENUE USD 3.13 BLN Our bid for stock is in at $640. Thought of the day however – “The big fear has always been, what if people decide just…
We highlighted on Tuesday the value we believe inherent in the mining sector (Link – http://www.spreadbetmagazine.com/blog/2012/10/15/mining-sector-takes-a-drubbing.html ) and it looks like our Mining sector Dream portfolio (Link here, page 21-http://issuu.com/spreadbetmagazine/docs/spreadbet-magazine-v9_generic) is beginning to pay dividends with ERNC & Vedanta springing to life. We expect a final pay out from the Bumi/Bakrei issue north of 300p and think…
Greg Coffey he hedge fund industry’s “poster boy”, Greg Coffey, who epitomised the “trading is all” approach, announced yesterday that he is quitting the industry for a “more balanced” life. He is to return to his native Australia. Coffey joined Moore Capital in 2008 from GLG Partners as co-chief investment officer, bringing with him a…
The “theme” for today’s blog is very simple (not!) those charts and markets that tangle you up in indecision… Let’s start off with the relatively clear example of Aurelian (AUL) where there is little doubt that a recovery has been in place since September when there a bear trap just below 8p. The implication of…
