And so, we get the first opportunity to see whether T Buckingham’s bullish view of the Shell OML30 Nigerian fields is shared by “Mr Market” as the shares are restored to the Official List. Let’s see if they Grey market indiciation prices of 170 – 190p were correct. Take your places… Interesting snippet in today’s…
UK Corporate Announcements Bellway details completed house sales of 5,226 from 4,922 and a pre-tax profit of £98m and states that demand for homes has stayed resilient Meggitt announces an H1 adjusted EBITDA of £321m just under the forecasts of £244m seen, on revenues of £776m from £650m Legal & General reports a pre-tax profit…
The news today that $400m is being raised by way of a Convertible Bond at a massive discount to Fridays close – $1.50 is bittersweet news for existing shareholders – it avoidsbankruptcy and total wipe out but dilutes them very extensively – they got from 100% owners to 30% and so control is given to…
The stocks been on quite a tear recently and given our overall bullish leaning on the market, think this is an interesting hedging short to have out based upon the overbought status and susceptibility to a snap back.
Heritage Oil provided further details this morning about its planned rights issue to help fund the 850 million dollar purchase of Royal Dutch Shell PLC’s most prolific oil block in Nigeria aswell as reporting higher oil output during the first half of the year in its dual interim results release. Shoreline which is 45%-owned Heritage, will buy…
We exited our Lonmin trading call at the open today for a useful (pre geared) 10% return in just over 2 weeks & so completing almost a 100% strike rate on our Trading Calls this last 6 weeks. Lonmin 10 day chart (hourly) Take a look at our record on the About Us page. We…
The much maligned Blackberry maker Research in Motion actually could in fact be a very interesting target for Baidu, certainly if the “Chinese Google” were to follow the same strategy that led to Google buying Motorola Mobility not so long ago. Buying RIM would allow Baidu and China to gain valuable technology and patents,…
The above headline this weekend stood out like a beacon on a dark night to me. In an environment of constant negative economic headlines emanating out of Europe and the UK, it is worth re-visiting the resolutely bullish stance we have taken at this magazine in recent weeks and check once more the underpinnings of…
Monday, August 6, 2012 UK Reporting:- Catlin Group Ltd, CGL, e, (CC), Catlin Group Ltd, CGL, (R), Easyjet Plc, EZJ, (R), Morgan Sindall Group Plc, MGNS, (R), Telecity Group Plc, TCY, e, (CC), Telecity Group Plc, TCY, (R) S&P 500 Reporting:- AES Corp/The, Q2, 0.272, Berkshire Hathaway Inc, Q2, 1776.64, Boston Properties Inc, Q2, 1.243, CF Industries…
Conor Foley CEO of Worldspreads days before the collapse From this mornings Telegraph – not pretty reading for the former ‘Directors’ of Worldspreads:- The creditors of WorldSpreads are set to pursue the former directors and advisers to recoup some of the money from the failed spread betting company, which was placed into special administration in…
