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…
UPDATE – Apple shares just come in $10 easier at $522 – real battle going on in the market today. We are sat waiting in the wings for the buy down if they get towards the $500 level… At face value, the so called “death cross” (when the 50 day simple moving average crosses down…
The Telegraph’s Questor wrote a piece on Falkland Oil and Gas over the weekend, highlighting how low the share price is after the recent Scotia drill failure but advising readers to avoid the shares. Questor’s sentiment is right in that the recent South Falklands drilling campaign demonstrated the high cost of drilling deep water as…
The reality of the terrible financing situation in the UK for many small and medium sized firms at present is very clear in the markets when you look at volumes and the share prices of the harder to finance smaller firms. The bank loan markets, for so long the source of the majority of funding,…
10 Dec 2012 Cantor Opening Call The FTSE is seen starting the week up around 10 points higher UK Corporate Announcements AG Barr announces 18 week revenues of gained 9% and that margins have performed in line with the expectations Greggs announces that its CEO is to resign, to take up a…
