The Telegraph reported last week that at the Business Summit on Energy, hosted by UK Trade & Investment at Lancaster House with political luminaries George Osborne and Vince Cable present , Simon Thompson, chairman of Tullow Oil said that the UK North Sea was “one of the least stable fiscal regimes” in which he operates…
One of the sentiment indicators that we follow is the weekly survey conducted by the American Association of Individual Investors (AAII). In this poll, the AAII asks its membership where the market is heading in the next six months. Prior to last week’s report, the bears had outnumbered the bulls in this survey for 13…
Monday, August 13, 2012 UK Reporting:- Easyjet Plc, EZJ, (SM), Michael Page International, MPI, (R), Michael Page International, MPI, e, (CC), Mitie Group Plc, MTO, (R), Petrofac Ltd, PFC, e, (CC), Petrofac Ltd, PFC, (R) S&P 500 Reporting:- Sysco Corp, Q4, 0.543 S&P 500 Ex Dividends (gross):- Aflac Inc, AFL, (.33), Avon Products Inc, AVP, (.23), Bank of…
That we are bulls of RIM is well known to our regular readers. Last week was the first time in 3 months that the stock closed towards its weekly highs and volume was punchy too as the chart below shows, trading just under 150m shares. In short, good price action. We thought we’d look for…
Interesting news this weekend that leading retail analyst Philip Dorgan, who has been a perpetual sceptic of Ocada, has warned that the online groc is in “significant danger of breaching its banking covenants this year, owing to a toxic cocktail of a pile of debt and falling market share”. He described it as the “beginning of the…
When we look at the 2011 performance for the main world equity indices, we can clearly see that the blue chip Japanese index, the Nikkei 225, underperformed the others by quite a margin. While the S&P made a late year rebound to close essentiallt flat, the Nikkei ended the year with a retreat of almost…
Sometimes a trade doesn’t happen and frustrates. Our Next short is proving to be this trade and so we are looking to ‘force Sod’s Law’ through closing half our position – expecting that it will then reverse whilst at the same time cutting our risk. It’s probing new daily, weekly and 52 week (and all-time)…
Earlier this week, investors in Standard & Chartered were spooked by comments made by the New York banking regulator in which they used unusually forceful language, stating thatStandard Chartered is a “rogue” institution that makes money out of drug traffickers, terrorists, and other criminals. According to Benjamin Lawsky, head of the New York State Department…
