UK Corporate Announcements Derwent London announces H1 revenues of £63.2m from £63.5m and a pre-tax profit of £26.5m and saw property values up 3.3% Carrillion announces an H1 pre-tax profit of £64.1m on revenues of £2.156bn and expects to report full year trading in line with the forecasts as it has 92% 2012 revenue visibility…
After a good day yesterday, Xcite Energy shares were languishing for most of the day, until an RNS late in the afternoon that the third and final stage of its private placing with Global Resource Funding Partners LLC had been completed. The shares closed up 1p at 85p. The third stage, issued 12,000,000 units (share…
UPDATE – 200p hit. About Time. Another 200p to go and we might get excited. Heritage announced the surprise sale this morning of 26% of its stake in the key Kurdistan Miran block for some $156m and which, including the provision of an additional loan by Genel Energy of $294m, values the block at $450m (around…
FTSE Daily chart, 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, that we have been monitoring for a few weeks now. On the Daily graph we have kept the near term trading range, red…
For more research & Technical Analysis from Cantor Index click here to register. UK Corporate Announcements Glencore details that it continues to diligently look to its own growth pipeline as it details H1 sales of $108bn ahead of forecasts of around $95bn seen Persimmon announces an H1 net profit of £68.4m from £77.5m on revenues of £806m…
UPDATE – Right on the turn we seem to have caught it. We are working a stop on this at breakeven now at $4.62 We have just gone long Groupon @ $4.62 reasoning that the sell off of over 60% in the last weeks is nearer the end than the beginning. Coupled with an increasingly…
Looking at the divergence of the Shanghai Composite index and the Dow Industrials over the last 3 years or so is staggering. In 2011 the Chinese index lost 20% of its value and it now sits at 2,106, down 17% in the last year and down 62% versus its peak of 5,589 in 2007 before…
The table below which depicts the number of failing retail business makes for shocking read. The situation on the high street is not just bad but downright dire. When chains collapse into administration, a good many of them emerge from the controversial “pre pack” administration arrangement in essentially the same format but importantly shorne of…
After seemingly being stuck at 77p-78p for weeks with warrants due to be exercised, Xcite Energy has suddenly perked up with a 6% rise to 85p. There’s been plenty of rumours of farm-in’s with BP, Statoil etc and precious little news out from the company on the extended well test in the Bentley Field for over…
It’s another beautiful day in the northern Greek city of Volos. The sun is shining in a perfectly clear sky, and in the main streets the bars are packed and the restaurants are busy. At first glance, you would never guess that the city is in the grip of an economic crisis. ‘I am tired…
