CEO Simon Denham I read this mornings RNS from LCG closely and the results are largely as flagged. The real notable items being the stepping down of founder and CEO Simon Denham, being replaced by Mark Slade and the write down of their Prospreads acquisition to nil. We doubt that anything within the results will…
20 Feb 2013 Cantor Opening Call The FTSE is seen starting the day down around 5-10 points, after yesterday’s decent gains UK Corporate Announcements Travis Perkins announces a full year pre-tax profit of £299.9m, largely in line, on sales of £4.84bn also broadly in line with estimates RSA Insurance reports net written premiums…
FTSE DAILY In the past couple of weeks the FTSE had posted some minor profit taking, orange lines. However the price action in recent days has lifted the index back to fresh multi year highs. This recent move higher came out of the price action breaking out of the near term trading range, orange lines.…
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The cyclical ebbs and flows of Comex open interest in gold and silver futures trading is a somewhat arcane topic that receives very little blog commentary and, with a couple exceptions out of London, zero mainstream media attention and Wall Street analysis. But, if you follow what has become a pattern endemic to the Comex…
The monthly graph above shows the stellar performance of Gold and Silver over the past 25 years. Silver is the OHLC prices above in Blue, Gold prices are the Gold line. This graph is all the more extraordinary as this is on a semi-log scale. Detailing how the gains posted in recent years have kept…
The technology landscape is currently in major transition. From an era dominated by the desktop PC to one where smartphones and tablets are becoming an increasingly integral part of consumers lives and also where hard disks and memory cards are very slowly being replaced by the concept of “cloud computing”. Investors in technology stocks cannot ignore…
Credit Suisse Research Institute has just launched its Yearbook which takes an in-depth look at various asset class returns over a prolonged timescale, after all, the longer the dataset the greater the probability of discerning trends. It reveals some interesting observation regarding the past and so extrapolations of future returns for bonds, cash, and equities.…
Regular readers will know that we have been very bullish of Japan throughout 2012, adding to our position in November of last year around the 8800 level on the Nikkei and taking profits recently. The following story caught my eye re the renewed euphoria surrounding Japanese equities and perhaps vindicating our cautious stance after such…
19 Feb 2013 Cantor Opening Call The FTSE is seen opening largely unchanged today waiting for the US markets to return from the extended weekend UK Corporate Announcements Morgan Sindall announces that its Finance Director has quit, and details its full year EPS has fallen 6% to 72.5p and sees the challenging conditions…
