UK Corporate Announcements Aviva announces an H1 operating profit of £935m down 10% and an H1 net loss of £681m from £465m and states it remains committed to reducing costs by £400m Randgold Resources details Q2 sales of $345m from 4321m and a Q2 profit of $117.5m from $113.3m and states it is not affected…
UPDATE – Target just hit at $93 – position closed. Pub beckons! Crude is up almost $8 a barrel over the last 3 trading sessions and is now trading at a $2.50 premium to its 3 day EMA – doesn’t mean it can’t continue on but it does mean the rate of ascent is very…
Currently crude is in a downtrend denoted by the red line.We have started August creating a downward column of O’s. The Red 8 shows the first box in August with a move of at least $3. You can see that since June (The red 6), we were stuck in a range into July. In July…
Other talk is that Samsung (a name that has been in the frame many times this last few months) is courting the company with a view to licensing its BB10 platform – if this is the case then this will likely underpin earnings for the company for the forseeable and perhaps allow a re-rating back…
See our previous blogs on the tab bar on the right but to us, Hoil was, and remains pretty much the cheapest Oil explorer out there and remains firmly in our Dream portfolio. The shares are now almost 40% higher than their pre OML30 suspension price It is encouraging to see the stock back towards…
Our short call at 3510p is making the first signs of coming into play – the stock needs to crack the 3473p to the downside at which point we’d expect to see an acceleration of the momentum, hopefully opening up 3300p early next week and the gap closure – on the weekly chart the RSI…
In 1997, Laszlo Birinyi of Birinyi Associatates announced his top stock picks for the year, including the fledgling Apple Computer Inc. among his five choices. At the time, Apple had a steadily declining market share and was nearing bankruptcy, yet still Birinyi commented that it would turn around because it “has its fans and its…
UPDATE (2) – Balance position closed @ 1340p for a combined profit including the dividend receipt of £1.36 – thank you “Mr Market”! UPDATE – Stop raised to 1247p – just below todays low. PLEASE NOTE – STAN ARE ACTUALLY XD THIS MORNING TO THE TUNE OF 17P (NET) – SO IF YOU FOLLOWED OUR…
Below is the 2 monthlys chart that shows the relentless downtrend of GBPAUD. We opened a swing long trade a week ago @ 1.4900 and today at the 2nd part (and final) of this trade @ 1.4780 to give us an average of 1.4840. Our target is $1.53 over the next few weeks. The RSI…
There have been some decent dividend payments in the FTSE 100 today that is worth around 26 pts on the index (so you need to add this back to get the true move today). Looking at the FTSE relative to the S&P 500 below over the last 10 days I think that a reasonably high…
