Take a look at our record on the About Us page. We are in the process of seeding 3 dedicated “follow me” funds – 1. A diversifed yet concentrated Oil Explorers fund 2. A diversified yet concentrated Natural Resources fund and 3. A Special Situations/Global Macro fund. If you would like details on this unique…
Another solid update this morning from Xcite Energy’s North Sea Bentley field extended well test with the 9/03b-7 well producing at a stabilised rate of approximately 3,200 barrels per day with no associated basic sediments or water, better than the initial 2,900 barrel per day flow rate announced a couple of weeks ago. This is viewed…
UK Corporate Announcements IAG announces H1 revenues of €8.53bn up 9.8% and a Q2 EBIT loss of €42, largely in line with the forecasts, and details it now sees a small loss for 2012, and states that Iberia’s problems are ‘deep and structural’ Inmarsat reports an H1 EBITDA of $381m from $427m on revenues of…
Mario Draghi In what has been an eagerly anticipated week, with three important central bank statements due, investors were left scratching their hands today with no clear answers from any of them. First, the Federal Reserve just “kicked the can down the road” once more to September concerning any further monetary easing out of them.…
Trade thesis – downtrend coming into play for an upside probe, RSI now 5 days into the 20 range on the hourly chart (more often than not a level at which a bounce comes in), volume slowing on the decline over the last 2 days and all pervading negative sentiment. NOTE – We have opened…
Keep the leverage under control and be ready (and able) to go again should the downdraft extend this afternoon.
Trading firm Knight Capital is being forced to raise money after an erroneous trading position wiped out $440 million of the firm’s capital, Knight said in a statement on Thursday. Problems at Knight Capital Group Inc, one of the largest firms that buys and sells stocks to provide liquidity to the markets, emerged at…
Quick snippet – European markets have done a large volte face on Mario Draghi’s comments and the standing pat of both the BoE & ECB central banks with interest rates to make it a straight treble following the Fed last night. Not good for the bulls – always “buy the rumour and sell the facts”…
Todays RNS from HMV – HMV Group plc today announces the appointment of Trevor Moore as Chief Executive in succession to Simon Fox. Trevor Moore joins from Jessops where he was Chief Executive until recently and he has a strong track record in consumer facing businesses including hsbc and Whitbread. Simon Fox has decided to…
