Facebook shares dIpped 3.5% to just over $30 a share last night after reporting fourth quarter earnings after the close of play in the US. The social network site’s shares have risen from a low of $18 in August last year as the company has focused its efforts on boosting ad revenues but it is…
While it may be something of an exaggeration to say that I am obsessed with the oil & gas sector – especially the minnows, this is not in fact, far off the case. Clearly, as far as anyone who is brave enough to look into this high risk area of the market, the real challenge,…
31 Jan 2012 Cantor Opening Call The FTSE is seen opening down around 15 points this morning UK Corporate Announcements BSkyB announces H1 revenues of £3.53bn up 5% and an adjusted operating profit of £647m ahead of the expectations of around £636m seen Lonmin details that Q2 was proceeding well and with the…
The blue lines on the chart below identify each point in history in which the following overvalued, overbought, overbullish, rising yields syndrome would have been observed:- S&P 500 overvalued with the Shiller P/E (the ratio of the S&P 500 to the 10-year average of inflation-adjusted earnings) greater than 18; overbought within 3% of its upper…
The latest U.S. GDP shows that the economy contracted 0.1% in Q4 againgst expectations of a 1.1% increase, driven by a large drop in government spending on Defence and a drop in private inventories. This compares with a 3.1% increase for Q3 2012 GDP. The Q4 figures represent the first drop in GDP since 2009. Though…
Just a few days ago, the UK Office for National Statistics (ONS) released the latest GDP numbers for our embattled economy and which confirmed what many had feared – the British economy dipped 0.3% in the fourth quarter of 2012 and is heading into recession for the third time since 2008. The “unwillingness” of this…
Bowleven plc (‘Bowleven’ or ‘the Company’) IM-5 drilling update and potential Intra Isongo hydrocarbon discovery IM-5 well, Block MLHP-7, Etinde Permit, Cameroon Bowleven, the Africa focused oil and gas exploration group traded on AIM, is pleased to announce the following update on the IM-5 well drilling offshore Cameroon. The IM-5 appraisal/development well, located approximately one…
30 Jan 2013 Cantor Opening Call The FTSE is seen opening down around 5 points this morning UK Corporate Announcements Imperial Tobacco states that it stays confident on its strategic focus and that the macro economic environment remains challenging Polymetal details that Q4 sales gained 5% to $571m United Utilities states that it is…
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Regular readers of this blog and magazine will know that we have had “our arms around” Ceres for some months now… We were waylaid by perhaps the UK’s most ineffectual CEO – David Pummell, but we are back on track. We have been predicting double digits for a week or so now (see here –…
