Hector’s House At the time the Libor scandal was announced in the summer, I could not believe that Barclays (BARC) had not received a more severe punishment than a mere slap on the wrist £300m fine for its part in the Libor scandal. In fact, the crime was so heinous that the bank and many…
Seems Ol Natty is playing the Bakries and Tan at their own game it seems with a proposal that buys them out near the current share price (that’s never going to fly!) and not surprisingly, Tan has told him , metaphorically, to go forth and multiply (and not with his new squeeze)! Looks like more…
Again, even with the naysayers of Ceres still calling for the death knell to be sounded on the stock, the share price continues to creeps higher… We’ve made our stance clear on numerous occassions if you check out the tabs on the right for Ceres. It looks like the seller(s) have finished and with the…
Steve Cohen Achieving so called “alpha” in asset trading is a rather difficult task. Only a select few asset managers can seemingly achieve this over a sustained period. At the more “shady” end of the hedge fund arena in particular, it seems that by “joining” material public information together with “non-material” non-public information, these fund…
UPDATE – From the Indonesian Press overnight – “Indonesia: Bakrie Cashed Up, Ready for Bumi Battle”. “The Bakrie Brothers are far from finished, they are cashing up and we believe they are building a war chest to rebuild Bumi and rid themselves forever of Rothschild and his public noise.” It seems they are selling off…
Cantor Opening Call The FTSE is called to open up around 5 points this morning UK Corporate Announcements Imagination Technologies states that it remains on track to make good progress, as it announces an H1 adjusted pre-tax profit of £16.8m SuperGroup announces H1 group revenues gained 16.2% to £258m and stays confident…
It looks like “sod and law” may be about to assert itself with regards to Gulfsands Petroleum. We are just completing our Top Picks for 2013 and Gulfsands is one of our picks! We postulate on the potential for a takeover of the Group if there looks to be an end in sight to the…
In the past few weeks we have highlighted how the FTSE has broken through its previous bullish trading channel, red region. We mentioned at the time however that a trend line break does not necessarily equal a trend change, and that often a period of consolidation occurs following a break of this nature. Consolidation areas…
The expensive (£1.2 trillion at one point) and currently loss making bail out’s of British financial institutions by the U.K. government including RBS, Lloyds and Northern Rock following the financial melt down of 2007-2008 has had a significant and continued negative impact on the public finances. In contrast, U.S. taxpayers have fared much better from the…
Cantor Opening Call The FTSE is called to open around unchanged to a little higher today UK Corporate Announcements Whitbread details that total sales gained 14.3% and that the environment remains challenging, but stays on track to meet its full year targets Domino Printing states that it remains optimistic about its prospects…
