If the underperformance of mining shares is leaving investors scratching their heads, the major discounts being attributed to high quality junior miners is just as compelling. Mark Bristow, CEO of FTSE 100 listed gold producer Randgold Resources, summed things up nicely suggesting that the junior mining space was ripe for an uptick in M&A activity…
Xcite Energy announced this morning the successful conclusion of the Bentley North Sea field pre-production well test. Twenty one long months on from the first field flow test, the scene is now set to exploit the substantial field. Highlights Pre-production well test results exceeded management expectations Successfully demonstrated full field development drilling, completion, production and…
The Bank of England published earlier today the minutes from its last MPC meeting held on September 6. The minutes show that all nine committee members agreed upon the decision to hold interest rates unchanged at 0.50% and to leave the current asset purchase program at the £375bn. The committee unanimously voted to keep the…
Central banks have been dominating the news during the last month, with the ECB and the Federal Reserve taking action including purchasing bonds in the open market in order to help their respective economies and, it is hoped, avoid the worst. In Europe, the ECB is trying to put a cap on the bond yields…
Here was our blog on the short position implemented – http://www.spreadbetmagazine.com/blog/2012/9/14/2-sbm-trading-positions-entered.html Target hit, profit banked. Take a look at our record on the About Us page – this year we have achieved over a 95% (that’s right 95%!) success rate on our Calls. We have seeded 3 dedicated “follow me” funds that are managed in…
An RNS this morning by Lonmin, hopefully brings to an end what has bee a violent six-weeks in the NW Province of SA. A strike atthe worlds No. 3 platinum producer has come to an end with a hefty wage settlement that could stir more strife in South Africa’s restive mining sector. The 11-to-22 percent pay…
On an earnings conference call this week, FedEx CEO Fred Smith seems to pour fuel on the fire to the argument that China’s performance isn’t rebounding any time soon, “The locomotive that has driven China’s growth is its export industries. And with the situation in Europe and, to a lesser degree, in North…
For more interesting research & professional Technical Analysis from Cantor Index click here to register for free. UK Corporate Announcements Smiths Group announces full year revenues of £3.04bn just ahead of the forecasts and an operating profit of £407m and states that the economic environment remains uncertain and that pressures on government spending continues Redrow reports a full year…
Kurdistan focused oil explorer Gulf Keystone Petroleum was up 9% today to 252p on reports of the initial ratification of a new export deal between the KRG (Kurdistan Regional Government) and the Iraqi central government, allowing a new oil and gas law to be enacted early next year. Such a law will allow the formalisation…
FTSE DAILY CANDLE Last week we felt that the FTSE was looking solid in the near term trading range, red region, and that the probability looked highest for a continued move to the upper end of this channel. So the moves in the past few days have been largely as expected. What is interesting is…
