For those of us who do not leave £50 pound notes laying around on the floor, there is an opportunity in Lonmin shares at present assuming you can actually get a short on in the ordinaries with your spreadbet or CFD firm. The Nil Paid subscription cost is 140p and with these trading in the…
The recriminations between ex-Autonomy CEO, Mike Lynch and Hewlett Packard have started in earnest following the shock $8.8 billion write off announced this week with $5 billion relating to the August 2011 acquisition by HP. Hewlett CEO Meg Whitman has accused Mike Lynch and his management team of accounting fraud, specifically of booking software licence…
This magazine has been a big bull of Japanese equities since the beginning of the year and we took the opportunity to re-iterate our Bullish stance in the 3rd quarter of this year with the Nikkei trading at the time around the 8700 level. On the 5th of October we posted the following blog – http://www.spreadbetmagazine.com/blog/2012/10/5/a-pairs-trade-idea-in-the-nikkei-225.html,…
Nathan Rothschild Reports in the press today that Ol Natty is close to finalising funding for an additional $270m from investors which looks to be money to be used to buy out the balance 15% of Berau Coal from the Bakries. Nat Rothschild, the financier behind coal miner Bumi Plc, has secured the backing of mining…
For more interesting research & professional Technical Analysis from Cantor Index click here to register for free. 22 Nov 2012 Cantor Opening Call The FTSE is called to open up around 20 points today, and trading is expected to be light with US markets closed for Thanksgiving UK Corporate Announcements SABMiller announces an H1…
Not being in touch with youth fashion, or perhaps even any fashion other than that of Carnaby Street 1972 (!), I cannot add too much regarding the fundamentals of French Connection (FCCN). As can be seen on the daily chart of the fashion retailer, there has been an extended base formation in the making on…
Falkland Oil and Gas, the South Falklands oil explorer, is currently up 17% to 64p, after dipping as low as 55p this morning. The company is drilling the Scotia prospect in the South Falklands basin and an RNS on November 7th indicated that drilling operations would be likely to be completed 4-6 weeks from this…
In our last couple of reports we felt that the FTSE was looking solid in the near term trading range, red region. However we can see that both in the FTSE chart above and in the US daily charts below that the international markets have broken down in recent weeks, green region. This nervousness has…
The FTSE is called to open down 10 this morning UK Corporate Announcements Halfords announces an H1 gross profit of £246.3m with H1 group revenues up 0.4% to £455.6m and maintains its outlook Intermediate Capital announces assets under management of €12.1bn up 6% from the end of the year Qinetiq details H1…
I have yet to read an analyst report (and I have read several thousand) that makes some kind of prediction based on data and assumptions as to where a stock might be several months in the future. For the most part, analyst reports simply reaffirm today’s stock price and nothing else. Yes I’m talking about…
