Irish focused oil and gas company, Petrel Resources has come down to earth a little today with a 28% fall to 19.75p, after rising as high as 32.5p this morning, up over five times compared to 6p on Friday. Its market cap has risen from around £3 million to £16 million on hopes it could…
For more interesting research & professional Technical Analysis from Cantor Index click here to register for free. FTSE 100 DAILY In our last couple of reports we felt that the FTSE was looking solid in the near term trading range, white region. However we can see that both in the FTSE chart above and in the US…
For more interesting research & professional Technical Analysis from Cantor Index click here to register for free. 13 Nov 2012 UK Corporate Announcements Vodafone states it takes a £5.9bn impairment on Spain and Italy, and plans a £1.5bn share buyback, as it details Q2 organic service revenues fell 1.4% worse than the forecasts 0.7% falls, but sees…
RIMM shares are up sharply in pre market trade after announcing that it is to introduce its BlackBerry 10 smartphones on January 30 2013 and so confounding the more skeptical “anal”ysts that had expected the device to be released towards the end of the first quarter. Management have bet the company’s future on the success…
UPDATE (1) – 11:52 AM – Lonmin are up 3% today albeit on slim volume. With almost one fifth of the company’s stock sold short, IF Davis/Glasenberg come back with a control premium proposal we could have the short squeeze of the year. Additionally, the move by Xstrata is probably the first of a number…
Energy support services group Cape is down 32% to 178p this morning following the revelation that it has discovered accounting irregularities at its Australian business and as a result has initiated “a detailed analysis of all balance sheet items group-wide” as well as warning of further potential cost overruns at its Algerian Arzew liquefied natural…
For more interesting research & professional Technical Analysis from Cantor Index click here to register for free. 12 Nov 2012 UK Corporate Announcements Aveva reports an H1 pre-tax profit of £25.8m and sees strong organic revenue growth ahead and remains well placed to meet its full year targets Taylor Wimpey confirms its full year forecasts and states…
For more interesting research & professional Technical Analysis from Cantor Index click here to register for free. Monday, November 12, 2012 UK Reporting:- Arm Holdings Plc, ARM, (SM), Aveva Group Plc, AVV, (R), Bovis Homes Group Plc, BVS, (R),), Carr’S Milling Industries Plc, CRM,), Catlin Group Ltd, CGL, (R), Cobham Plc, COB, (R), Dignity Plc, DTY, (R), Interserve…
UPDATE – News from a “sensible” analyst (not not Soc Gen) that backs our assesment of the situation – ”It’s fairly clear that what Xstrata was looking to do was to do a deal with Lonmin at a time when Lonmin had balance sheet problems… giving Xstrata potentially a chance to get quite a good deal,”…
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