2012 was meant to be the year the UK finally escaped from the “re-pression” (a hybrid a of a depression and recession) that was caused by the Financial Collapse of 2008-09. However, it was not to be. Despite the Jubilee and the Olympics, the damage wrought by both a long in the tooth Labour Government…
Spreadbet Magazine readers will no doubt be happy to learn that even after over 10 years of marriage, four children under the age of six and, living with the grumpiest man in the world who very often works from 7am until 3am, that Mrs Mir very kindly allowed Santa Claus to deliver an iPhone 5…
Yesterday we sold 30% of our Nokia position at $4 to book an ungeared profit of 60% from our purchase at $2.50. We also sold 30% of our Nikkei position at 10,400 after the phenomenal run of recent weeks. The market looks short term overbought and consolidation and a modest retracement is likely. Freeing up…
The yen weakened to the lowest since August 2010 amid continued speculation that newly elected Shinzo Abe will exert political influence on the Bank of Japan to inject more cash. Japan’s currency dropped 0.5 percent to 86.46 per dollar overnight and the Nikkei 225 index climbed another 0.7 percent to close with the biggest annual gain since 2005.…
UPDATE – A question posed on the LSE B/Board – “If the plan is to take over completely why did they (IP2IPO & ORA) not just buy Ceres outright at the time of the offer? Why bother issuing mllions of shares getting ~25% each? Why not just buy outright immediately?” Answer – because they would…
Looks like our prediction of 6000 before the year is out is just about to be hit (see here -http://www.spreadbetmagazine.com/blog/category/technical-analysis)… Just one positive noise out of the US re the fiscal cliff and we are sharply through it. If you want to be part of a new spread betting fund management service that has now…
As we can see in the chart below, AAPL is now trading at historically low valuations with some $250bn lopped of its market cap over the last 10 weeks. In fact, ex cash, the stock is trading on around 8 times earnings – almost a 40% discount to the S&P 500. If the company were…
We can see in the weekly chart below that the Gold price has now dropped below a very important & long-term rising trend line. The yellow metal has largely been contained in a trading range this year between $1540 and $1800/oz. Should the bottom of that range be violated, then gold would be in serious…
Scotia completes campaign Falkland Oil and Gas (FOGL) completed its two well drilling programme in the Falklands in December 2012. The second well Scotia encountered hydrocarbon bearing sands, thereby proving the play and demonstrating that the stratigraphic trap is present and working. However, the reservoir quality was poor and the campaign has ended with the…
