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…
A 9% rise in Xcite shares today to just over £1 after the news at 2.30pm that “Xcite Energy has received notification that Global Resource Funding Partners LLC no longer has a shareholding in the Company.” Surprising that they have decided to exit before the forthcoming news on a farm out and potential reserves upgrade…
For more interesting research & professional Technical Analysis from Cantor Index click here to register for free. Tues 20 Nov 2012 The euro monthly chart above shows how the currency has had a relatively strong performance over the past 10 years despite the wider concerns on Greece, Portugal and Spain. Retracement levels can often prove useful in…
Struggling U.S. software group, Hewlett Packard, announced yet another blow to its long suffering investors today with a $8.8 billion write down in the value of Autonomy, the FTSE 100 company it acquired for $10 billion in August 2011 after alleged serious accounting irregularities at the software company. This latest write down follows an $8…
UPDATE – PRE MARKET TRADING AT $10.10 With RIMM continuing to poke one in the eye of its unnumerable sceptics with the stock rising very close to the key $10 level yesterday (toeing a high of $9.80) it is interesting to see that a previous bear of the stock – Jefferies analyst Peter Misek late…
After yesterday’s 2.4% increase in the FTSE 100 and 2% rise in the S&P 500 on hopes that a solution to the U.S. fiscal cliff might be found between President Obama and lawmakers on Capitol Hill, the markets have been knocked down a little by a French sovereign debt downgrade. Moody’s has stripped France of…
Stock is trading in Nil paid form in case you are wondering why the shares appear to have fallen by nearly 50%. For every 5 shares you held you now have 9 Nil paid shares too that are trading at around 140p. You can choose to sell them in the market or take up the…
For more interesting research & professional Technical Analysis from Cantor Index click here to register for free. Tuesday, November 20, 2012 UK Corporate Announcements Paragon reports a full year pre-tax profit of £95.5m from £80.8m and that it remains well funded to support further development and that its buy to let and portfolio units have grown strongly…
