Below is an excerpt from our Zak Mir & SBM Q1 guide concerning Bowleven (see image below and click on it if you’d like a copy that has a whole load more info) – “Technical overview – Shares of Bowleven have actually been in a mildly rising trend channel on the daily chart since June,…
We have covered Bumi extensively here (see Bumi tab on right) and think it time to take our profit and move on. The stock has hit the price target we set and which is almost exactly at the value of the current transaction on the table. Thank you once more “Mr Market”.
I would hazard a guess as far as the major markets are concerned currently, be they currencies, indices, bonds or commodities, that just about the most difficult amongst them to make a call on at the moment are the precious metals. Ironically, among Gold, Silver and Platinum the difficulties arise for differing reasons… As far…
13 Feb 2013 Cantor Opening Call The FTSE is seen opening at around 6315, AZN, BP and RDSA all going ex div today taking around 17.5 points off the index UK Corporate Announcements Tullow Oil announces 2012 sales gained 2% to $2.3bn with a pre-tax profit of $1.1bn up 4% Reckitt…
And so, Gold weakened to its lowest level in more than a month yesterday, falling through the keyy 200 day moving average, even in the face of currency weakness, in particular the Yen which moved towards the key 95 level late last night. That is a powerful signal to Gold bulls – if it cannot…
12 Feb 2013 Cantor Opening Call The FTSE is seen opening around unchanged today UK Corporate Announcements Barclays announces that it is to cut 3,700 jobs and cut costs by £1.7bn by 2015 as it details a Q4 adjusted pre-tax profit of £326m down 19% United Drug states that it remains well positioned…
Herbalife is a US listed company with a market value of $4 billion. It is fast becoming one of the most talked about stocks in the financial press as two high-profile, billionaire hedge fund managers – Daniel Loeb & Bill Ackman square off against each other with opposing positions. Someone must lose and it will be…
We have been buyers of London Capital Group shares in recent weeks, believing the company to be woefully undervalued at current levels. At the nadirs around 34p, they were in fact trading at an approximate £3m discount to the net cash resources of the company which means that the company’s IT platforms, brand, FSA licence,…
FTSE DAILY CHART In the past couple of weeks the FTSE has posted some minor profit taking, bringing the index off the early 2013 highs. As yet no major technical damage has been done on this selling and the price action remains in the bullish trading range, which itself is an acceleration within the bullish…
11 Feb 2013 Cantor Opening Call The FTSE is seen opening around unchanged today UK Corporate Announcements Telecom Plus states that it sees its full year results in line Kofax announces Q2 revenues fell 9% to $63.7m Fidessa states that it has made a solid performance in the challenging markets Smurfit Kappa states…
