INTERIM MANAGEMENT STATEMENT for the quarter ended 30 September 2012 Key points Funds under Management (FUM) at 30 September 2012 of $60.0 billion, up 14% since 30 June 2012 ($52.7 billion) with the FRM acquisition closing on 17 July, adding $8.3 billion to FUM Net outflows in the quarter of $2.2 billion with the increase…
An interesting read from Edison on Xcite Energy this morning, see the full report at http://www.edisoninvestmentresearch.co.uk/researchreports/Xciteupdate171012.pdf The shares are currently up 3.5% at 107p. Given the conservative estimates from Edison there appears to be some upside to their share price valuation (see extract below) as well as an opportunity for a reserves upgrade after the…
For more interesting research & professional Technical Analysis from Cantor Index click here to register for free. 17 Oct 2012 UK Corporate Announcements IPF states that it is on track to perform well in 2012 and that its growth strategy is building momentum Speedy Hire states that it is trading in line with the forecasts but that the market…
U.S. Quantitative Easing programs are usually bullish for precious metals as the currency debasement that results from them forces investors to seek some hedges. A lower US dollar and higher inflation prospects are alarm bells that, on paper, should push gold prices higher. Gold is up more than 10% this year and more than double…
The Goldman Sachs Commodity Index shown above is comprised of the principal physical commodities that are the subject of active, liquid futures markets including metals, energy and food. The GSCI is an excellent proxy for global demand and sentiment on the commodity front and looking at the last 4 months, the index has been remarkably…
For more interesting research & professional Technical Analysis from Cantor Index click here to register for free. 16 Oct 2012 UK Corporate Announcements GKN announces a Q3 trading profit of £114m from £113m on revenues of £1.61bn from £1.48bn and states that a softening in its order books is now evident and will impact on Q4 Smiths News states…
The after hours announcements are coming thick and fast today! Company Update The Board of Worldlink Group Plc (“Worldlink” or the “Company”) wishes to announce the following updates on the Company’s financial position: Going Concern update The Board wishes to announce that the Company is in negotiation with a funder who will provide…
I suppose when you hear or read that any company is a possible takeover target for Apple (AAPL) you should run a mile as with Apple’s firepower, pretty much the whole world could be bought! You are also probably finding out just when the smart money has already been involved, turned a profit and is…
Shares in the mining sector are taking another drubbing today with stocks down on average 2 -3%. Bumi is the stand out faller, giving back some of the large gains last week when the shares rose almost 70%. Weekend press reports that ol Natty is opposed to the Bakries deal to buy back their assets…
Todd Kozel, the CEO of Kurdistan oil explorer Gulf Keystone Petroleum (GKP), has certainly had more than his fair share of controversy over the last couple of years. During a divorce court battle with his wife, Ashely, she alleged that he had hidden $150 million in Gulf Keystone shares in offshore trusts. Court depositions also…
