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Volume is once more accompanying the share price rise today – see chart annotations below. As we posted here yesterday – http://www.spreadbetmagazine.com/blog/2012/9/3/plenty-of-action-in-xcite-energy-and-more-to-come.html there looks to be 3 potential reasons behind the outperformance in recent weeks. Someone seems determined to mop up stock anyways and the odds on an announcement on the EWT imminently are shortening by…

Mario Draghi, ECB President The sovereign debt situation in Europe  remains at the helm of investors watch-list, in particular with the ECB meeting tomorrow. Market participants are looking for signs that the ECB has the situation under control. The “canary in the coal mine” will continue to be Spanish and Italian bond yields. If rates…

UK Corporate Announcements Sports Direct details 13 week retail sales gained 19.9% with gross profit up 14.8% Berkeley Group states that it is trading in line with the forecasts and sees its full year earnings at the top end of the expectations Hargeaves Lansdown announces a full year pre-tax profit of £152m on revenues of £238m and increases…

It was not long ago that the luxury end of the world’s property market was under severe pressure. During the global financial crisis, even the Mayfair area of London – the capitals hedge fund centre – underwent major changes. In 2009, the number of estate agents declined dramatically and those that managed to stay open…

Update – RNS just released –  Chariot Oil & Gas Limited Response to Share Price Movement Chariot Oil & Gas Limited (AIM: CHAR), the independent Africa focused oil and gas company, notes the recent fall in the share price. As announced on 27 July 2012, the drilling of the Kabeljou exploration well on the Nimrod…

Leni Gas & Oil directors and shareholders are feeling rather cheesed off after selling their stake in a Maltese licence to Mediterranean Oil & Gas (MOG) for a knock down price which later turned out to be worth rather more! In fact, it was worth much, much more, apparently within a month. In early August,…

For more research & Technical Analysis from Cantor Index click here to register. UK Corporate Announcements Greene King details 18 week LFL sales gained 5.1% despite the poor summer weather, and states that the Olympics had minimal overall impact DS Smith states that trading since end April has been in line with its expectations and that its EPS growth…

For more research & Technical Analysis from Cantor Index click here to register. 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, that we have been monitoring for a few weeks now. On the daily graph we have…

This trade is working out fantastically. We think we are in the embryonic stage a multi month bull trend in this pair and so tighten our stop marginally from 1.5230 to 1.5310 on the remaining 50% of our position. Daily chart – GBPAUD Take a look at our record on the About Us page. We…

It’s nearly two months now since Xcite Energy started their Extended Well Test on the North Sea Bentley field and pretty much a month since the last operational update. No sign of the expected RNS today once again. The shares have popped since the closing of the 3rd tranche of the private placing with Global…