UPDATE – TRADING BUY PARTIAL PROFIT TAKE. GIVEN THE LARGE RETURNS OVER THE LAST 2 DAYS, AND IN KEEPING WITH OUR PRUDENT CAPITAL MANAGEMENT APPROACH, WE REDUCE OUR POSITION IN BUMI BY 50% TODAY AT A PRICE OF 278P. EFFECTIVELY LOWERING OUR COST PRICE ON THE BALANCE TO 90P. I hope readers made good money…
After the disappointment of the Tapir South Well in May of this year and then the Kabeljou Nimrod Well in September, investors in offshore Namibia focused Chariot Oil and Gas have seen their investment plummet over 75% during the last year to settle around 30p. Chariot Oil & Gas today announced that it had entered…
And so, as ever, the smoke signals from the market pressaged news (will insider trading ever be stamped out?)… The Bakries have offered to effectively buy back their prized Bumi Resources and PT Berau Coal assets per the announcement below – Proposal received from shareholders The Board of Bumi plc (“the…
For more interesting research & professional Technical Analysis from Cantor Index click here to register for free. UK Corporate Announcements WH Smith announces full year sales have fallen 2% to £1.24bn with same store sales off 5% and details a full year pre-tax profit of £102m just ahead of the expectations of £100m seen Burberry Group details H1 total…
Facebook was one of the largest initial public offerings of the last few years and the most eagerly anticipated one since the mighty Google went public in 2004. But, while Google shares delivered a very healthy profit of 127% to investors after 145 days, Facebook, on reaching the same benchmark has investors who backed…
Someone seems in a rush to purchase Bumi at the close ahead of tomorrows shareholder meeting. Check out the screenshot below If your spreadbet firm doesn’t provide you with the all important Level 2 access that allows you to see stock price depth, check out www.ise-spreads.com where this comes as standard for accounts (aswell as…
Zak Mir I note the way that so far this week the equity markets have gone back to the slow death sell off mode – something which was characteristic of the period before the September QE3 intervention…. Traders appear to have forgotten that there is “unlimited bond buying for an unlimited period underway”, or maybe…
Edison Investment Research – one of our recommended research partners have just released a new note on GKP. Below is a quick overview with a link to the full note – a must read for holders of the stock. The first half 12 results underlined the two key areas of focus for Gulf Keystone (GKP).…
The IMF reduced their forecasts again yesterday for the second time since April, citing, not unsurprisingly, the U.S. fiscal cliff and Europe’s debt crisis as being the top issues for the global economy. The IMF pegged back the world growth outlook to around 3.3% – back to 2009 levels with a contraction in the euro…
Here’s the link to yesterday’s blog post on beleagured coal miner Bumi in which we suggest a break of 172/3p looks likely to herald a move back over 200p – http://www.spreadbetmagazine.com/blog/2012/10/9/chart-snippet-bumi-looks-to-break-resistance-1723p.html The stock is in demand this morning ahead of the shareholder meeting in Singapore tomorrow with a clear break of the resistance of 175p.…
