For more research & Technical Analysis from Cantor Index click here to register. UK Corporate Announcements Next announces H1 pre-tax profit of £251m just ahead of the analysts estimates on revenues of £1.64bn and states that it made a better than expected start to the year and maintains its full year targets Kier Group states that it expects trading…
Considering that the U.S. economy grew at an anaemic 1.7 percent in the second quarter, the unemployment rate sits stubbornly still in excess of 8% and that the current rate of monthly job creation is only a fraction of the monthly hires needed to bring the unemployment rate back to pre-crisis levels by 2015 then the stock…
From an early morning low of 58p, FOGL have done a complete volte face with the stock popping above the 70p mark in the last few minutes. Volume has been buiding all morning as the chart below shows. Was the shakedown and the seeming “dead cert” of a duster just a big puff and yet…
The latest economic indicators out of China – the world’s 3rd largest economy have been pointing to a pronounced slowdown in economic output. As a result of this slowdown, the main equity indices in the country have been dropping during the last year, accumulating YTD losses of around 20% and around 40% over the last…
Stories in the press this morning that, should the takeover of Xstrata proceed, that Ivan Glasenberg the “to be” new CEO would put the comapny’s stake in Lonmin up for sale shores up our comments 2 weeks ago that this was a likely outcome (link here –http://www.spreadbetmagazine.com/blog/2012/8/16/trading-buy-call-on-lonmin-trade-opened-658p-stock-primed-fo.html) Aquarius which is the fourth-largest producer or either…
Stock up again this morning with determined buying – almost half a million shares traded already. We postulated on a capital raising at a premium in our blog below and/or an industry peer licensing deal/capital injection. “No comment” from management while someone clearly continues to see major value. Just when is the playing field going…
For more research & Technical Analysis from Cantor Index click here to register. UK Corporate Announcements Kingfisher details H1 sales of £5.48bn, down 3% in line with the estimates, with an adjusted pre-tax profit down 15.5% to £371m, just under the forecasts of around £398m seen, and states that it has taken action to clear excess seasonal stocks…
UPDATE (2) – Close on the highs looks in order and management did a great job of shaking out the non believers and weak holders. Keep buying! UPDATE – RNS just out. “initial tranche of fundng” – it looks like staged capital raisings as they reach technical milestones and prove up commerciality. Our money is…
For more research & Technical Analysis from Cantor Index click here to register. UK Corporate Announcements Ashmore Group announces a pre-tax profit of £243m on revenues of £333m IG Group states that it sees revenues this year weighted to H2, and that it remains well positioned for future growth and Q1 revenues of £81.5m in line Betfair reports Q1 revenues…
FTSE 100, Daily, Candle The technical situation on the FTSE has not changed greatly in the past couple of weeks, as the index remains within the near term trading range, red region, which we have been monitoring for a few weeks now. On the daily graph we have kept the near term trading range, red…
