Facebook Braced for Further Downside Tomorrow sees the end of the lock up period which means insiders are able to sell up to 270 million shares in the company. The question is will insiders sell some of their holding at the current market price of $20 per share or sit tight given that this is…
Economic statistics out of Europe yesterday threw more gloom over the European landscape – particularly on the periphery. Germany’s GDP slowed from 0.5% to 0.3% during the second quarter, albeit still above forecasts of 0.1%. France provided a pleasant surprise, posting a third consecutive quarter of zero growth and not the 0.1% contraction expected thus…
At last look JJB were down at 3.37p and in the 2nd auction of the day. Not looking good for shareholders in the sports retailer. The US giant revealed a $32.4m (£20.68m) impairment charge in its second quarter results yesterday and said JJB Sports’ performance had “materially deteriorated from its expectations”. Last month JJB revealed…
For more research & Technical Analysis from Cantor Index click here to register. UK Corporate Announcements Balfour Beatty states that it is well placed to take advantage of growth as it details H1 group revenues of £4.28bn and states that its cost efficiency programmes are on track Resolution announces an H1 operating profit of £163m from £390m…
The chart below shows a clear flag break and initial target of 1.5020. Stop tightened to 1.4870 to guarantee a small profit. Take a look at our record on the About Us page. We are in the process of seeding 3 dedicated “follow me” funds – 1. A diversifed yet concentrated Oil Explorers fund 2.…
Disappointing GDP Data May Lead To Monetary and Fiscal Stimulus At the start of the week, second quarter GDP numbers out of Japan were released that came in weaker than expected. The Japanese economy grew just 0.3 percent in the second quarter while economists were pointing to double that number. The weakness was not only…
For more research & Technical Analysis from Cantor Index click here to register. FTSE 100, Daily, Candle The technical situation on the FTSE has not changed greatly from last week, the index remains within the near term trading range, red region, that we have been monitoring for a couple weeks now. On the Daily graph we have…
I was intrigued to see this morning that Oxford Asset Management had joined Highbridge Capital Management in opening a short position in Heritage Oil of some 0.6% (1.5m shares) of the float (Highbridge are short 0.3% – 750k shares). What had me scratching my head is the fact that Oxford’s RNS stated the 6 Aug…
Discount coupon retailer Groupon continued to dismay investors following their 2Q results announcement after the US main session yesterday. The shares traded down to just $6 in the after hours session and does not bode well for the official open later today. We covered Groupon in our inaugural issue (Click here, page 10 – http://issuu.com/spreadbetmagazine/docs/spreadbet-magazine-edition-1)…
For more research & Technical Analysis from Cantor Index click here to register. UK Corporate Announcements CRH details that sales gained 5% with an H1 pre-tax profit of €117m and that the pace of the US growth has tenmpered Standard Life reports an H1 net income of £254m and an operating profit of £302m up 15% and…
