In the run up to the September 18th Scottish referendum I am reminded of the saying associated with Robert The Bruce, “if at first you don’t succeed, try, try, again.” Given that the maxim is now nearly 700 years old, it can be said that knowing how to play the waiting game is certainly illustrated…
CLICK THE IMAGE BELOW TO WATCH TODAY’S VIDEO Spreadbet Magazine editor Zak Mir takes a look at the technical position of some of the bulletin board stocks of the moment amongst private investors. Here are the key points from today’s video: Doriemus (DOR) Range between 0.10p to 0.25p again. Only a break of the 50 day…
FTSE 100 Marks & Spencer (MKS) – group sales up by 2.3% in the 13 weeks to 28th June, like-for-like clothing down by 0.6%, like-for-like food up by 1.7%. FTSE 250 Dunelm (DNLM) – total sales up by 7.8% to £730.2 million in the year to 28th June, anticipates that profit before tax for the…
Paid promoters have helped push CYNK [CYNK Technology Corp] market cap to $655 million after a 3,650% increase in the share price on Tuesday. “CYNK had assets of just $39 (no zero’s omitted) as of March 31, 2014 and a cumulative net loss of $1.5 million. The “company” has no revenue. “CYNK claims that it…
In its earlier incarnation as NETELLER, Optimal Payments (OPAY) was forced to withdraw from the US eWallet market, to the ire of shareholders. However, it has repositioned itself as a provider of online payment services, with a particularly strong presence in the fast growing Asian markets and a recently established bridgehead back into the US.…
CLICK THE IMAGE BELOW TO VIEW TODAY’S VIDEO Spreadbet Magazine editor Zak Mir takes a look at the technical position of some of the bulletin board stocks of the moment amongst private investors. Here are the key points from today’s video: Xcite Energy (XEL) Triple bottom rebound scenario towards 60p playing out well. Break of 50…
FTSE 100 SABMiller (SAB) – has now completed its strategic review and has decided to dispose of up to all of its ordinary shares in Tsogo Sun. Anglo American (AAL) – intends to sell its 50% interest in Lafarge Tarmac to Lafarge for a minimum value of £885 million ($1.5 billion). FTSE 250 Taylor Wimpey…
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A common feature of the years 1929, 1972, 1987, 2000 and 2007 is that in each of these instances a major crash put an end to a seemingly endless bullish trend that continued to push equity valuations ever higher in the face of “old timers” who preached caution… Market crashes and downtrends are in fact…
