Last week we felt that the bearish argument had not been won, despite the minor panic when Spanish yields hit fresh record highs above 7.6%. So the light rally posted in the past few days has come as no real surprise. The question for the days ahead is whether this buying can continue to…
Investors will be watching news like a hawk (but hoping that Draghi is not one!) from the European Central Bank (ECB) today following Mario Draghi’s comments last week that the ECB is prepared to “do whatever it takes” to protect the euro. Opinions are divided on just what they might do, but it seems…
The story of public services contractor Mouchel is another stain on the record of quoted UK equity. How the management of this company (and similar ilk) can even look at themselves in the mirror let alone sleep at night is beyond me…Like Connaught, Mouchel is one of these companies that appeared to grow exponentially during the…
Facebook shares hit a new low yesterday, dropping 6% to $21.71 in regular trading hours and finishing at $21.61 in after hours trading. The shares floated at $38 in May, so the shares are down a tub thumping 43% since investors first had a chance to buy them at the ill fated IPO. Yesterday, Swiss…
Below is a chart of the once mighty pound against the seemingly all conquering Australian dollar. We can see a material 10% depreciation over the last 3 months with the last week in particular displaying renewed strength to the downside. The all time low against the so called “Aussie” is just over 1.46 and we…
We turned buyers of Avocet just over 3 weeks ago at the 65p level and following todays interim results that have reassured the market and underscored the strength of the Group’s balance sheet, feel it prudent to book a near 20% profit (ungeared) on this stock to complete the winning string of trades. Highlights from…
Investors and traders have been anxiously waiting for an opportunity to return to equity markets with full strength, especially to the European markets that have been suffering the most since the beginning of the financial crisis. While Germany, the US and the UK have performed exceptionally well from the crisis bottom, Spanish and Italian equities…
In another example of how you should (nearly) always lean against the crowd at the very end of an extreme move, our Trading Buy call on Nokia on the 18th Jul 2012 going into the 2Q results has been closed today for a very useful 70c (almost a 50% – even without gearing – return).…
And so our summer of ‘love’ (from the market continues). Bumi position closed today per our expectation yesterday at 360p. 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…
Bumi released a late day trading update that detailed the impact of heavy rains in its coal producing region. After an inital knock as can be seen from the intra-day chart below, the stock quickly reversed and closed on the high of the day in the closing auction with indications of short closing occuring. The…
