News out today in the press that ol Natty is likely to unveil his alternate plan for his poor fellow Bumi shareholders. Details are still scant but the press seems to think that he has lined up around $270m of capital and that he is to offer to buy the residual stake off Samin Tan…
More bad news for Egyptian gold miner, Centamin, whose shares are down 8% to 60p this morning. First there is the continued fall out from last week’s declaration from Mohamed Morsi, Egypt’s Islamist president granting himself wide-ranging powers and making all his decisions immune to legal challenge!This has fostered fears of a return to the…
For more interesting research & professional Technical Analysis from Cantor Index click here to register for free. Monday, November 26, 2012 Cantor Opening Call The FTSE is seen starting the week down around 10 points UK Corporate Announcements Aberdeen Asset Management announces full year revenues of £869m from £784m and assets under management gained…
For more interesting research & professional Technical Analysis from Cantor Index click here to register for free. Monday, November 26, 2012 UK Reporting:- Aberdeen Asset Mgmt Plc, ADN, (R), Arm Holdings Plc, ARM, (SM), Cookson Group Plc, CKSN, (SM), Cranswick Plc, CWK, (R), Essar Energy Plc, ESSR, e, (CC), Essar Energy Plc, ESSR, (R), London Stock Exchange Group,…
“Helicopter” Ben Even though “Helicopter” Ben Bernanke and his band of merry members that make up the U.S. Federal Reserve have been throwing as much money as they can at the U.S. economy during the last 3 years, more recently with Operation Twist and what has been coined QE3 or “QE infinity”, the U.S. Dollar,…
One golden rule on AIM, in fact the markets in general in my opinion, certainly coming hard on the heels of the Facebook, Zygna, Groupon et al debacles, is never to buy a new issue. As this has become a rule of thumb for many, traders and investors have stopped looking at new issues altogether.…
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I have to confess as far as Groupon (GRPN) is concerned, I’m an old fuddy-duddy. It would appear that the group is engaged in something I really don’t understand. Something to do with offering discounts which are offered on the Internet..? This may be great for some, but frankly I don’t want this company’s discounts,…
Take a look at the chart below of RIMM v Apple over the last 3 months. The outperformance is startling with RIM ahead almost 50% whilst Apple is down around 20%. What is even more suprising is that the “anal”yst community in the US in particular is even more behind the curve than usual (and…
The mining sector has been a heavy under performer so far this year with the sector as a whole trading near historic valuation nadirs and certain stocks now as cheap as they were back in March 2009 – ENRC & Lonmin – on Price to Book bases in particular. Most of the companies within the…
