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Lonmin announces update – covenant issues resolved, $800m rights issue planned. CONVICTION BUY CALL @ 480P

Lonmin announces update – covenant issues resolved, $800m rights issue planned. CONVICTION BUY CALL @ 480P

4 mins. to read

Highlights from this mornings RNS –  Employees returned to work, ramp up to full production going better than expected.  First Platinum ounces to be produced on 31 October Platinum metal in concentrate for the fourth quarter down 45.7% (vs Q4 2011) due to illegal strike action in August and September o  Strike impact of around 110,000…

$56 million ex-Dixons man John Browett, fired by Apple

$56 million ex-Dixons man John Browett, fired by Apple

1 mins. to read

  John Browett, the British man who joined Apple as head of retail in April with a notoriously generous $56 million plus “golden hello” (at the $562 share price at the time), has been ejected from the company after just 6 months in the job. The ex-head of Dixons and former Tesco man was recruited…

Market news round up, upgrades & downgrades courtesy of Cantor Index

Market news round up, upgrades & downgrades courtesy of Cantor Index

5 mins. to read

For more interesting research & professional Technical Analysis from Cantor Index click here to register for free. 30 Oct 2012 UK Corporate Announcements Standard Chartered states it has shown a strong performance in Q3, but stays cautious on the macro economic outlook BP announces a Q3 pre-tax profit of $5.43bn up from $5.04bn and lifts its quarterly dividend by…

Could Lonmin have been approached?

Could Lonmin have been approached?

3 mins. to read

Despite the best efforts of many “anal”ysts and hedge funds (given the very large short position there currently is in the stock) to push Lonmins shares decisively lower in the last several weeks, it is intriguing to me that the stock price seem to be hugging the 500p firmly (see 10 day chart below). There…

ENRC – CONVICTION BUY CALL @ 334p

ENRC – CONVICTION BUY CALL @ 334p

3 mins. to read

We have played ENRC twice now on the following dates and have made good money on boTH occassions, despite being stopped out on the balance positions. ENRC – Trading Buy @ 316p – 29 Aug 2012. Half position sold @ 354p – 14 Sep 2012. Stopped out of balance @ 330p – 24 Sep 2012. …

Gulf Keystone shareholders wait for news from court case

Gulf Keystone shareholders wait for news from court case

2 mins. to read

  For shareholders in Kurdistan oil explorer, Gulf Keystone Petroleum (GKP), nerves were somewhat frayed last week with the shares dropping to185p on Thursday as the 12 week court battle with Rex Wempen and Excalibur Ventures kicks off. Wempen is claiming that GKP’s Todd Kozel conned him out of a $900 million stake in the giant…

the concise guide to the week ahead courtesy of Cantor Index

the concise guide to the week ahead courtesy of Cantor Index

9 mins. to read

For more interesting research & professional Technical Analysis from Cantor Index click here to register for free. Monday, October 29, 2012 UK Reporting:- Arm Holdings Plc, ARM, (SM), City Of London Investment Tr, CTY, (SM), Glaxosmithkline Plc, GSK, (Pr), Perform Group Plc, PER, (R), Perform Group Plc, PER, (R), Perform Group Plc, PER, (R), Perform Group Plc, PER,…

Bearishness reaches a short term crescendo

Bearishness reaches a short term crescendo

1 mins. to read

S&P to drop 14%… China misses earnings… VIX at a 4 month high… Greek deadline Sunday eve…Spanish bailout woes… the list of bear stories on Friday was seemingly endless. Packaged with all pervading negative sentiment, as detailed in the blog here –http://www.spreadbetmagazine.com/blog/safe-to-go-back-in-the-water.html and heavy oversold readings on the major markets (ex Japan which is our top pick and continues…

The Greek “Great Depression”

The Greek “Great Depression”

4 mins. to read

Looking at the economic data for Greece over the last few years, it is shocking to say and a tragedy for the Greek people, but it now resembles the Great Depression of 1929-33 in the US. Unemployment has skyrocketed, GDP decreased substantially and the stock market has been decimated. Along the way, social unrest has…