See chart below that looks increasingly constructive for our Bumi Trading Buy call earlier in the week. A decisive break of 320-330p will take us swiftly towards the 400p threshold. Keep buying
Red Emperor Resources, Range Resources and Horn Petroleum today announced a further update from the Shabeel North Well in Puntland, Somalia. With a follow up to the recent “water not oil” announcement (!) which sent the shares plummeting, the well reached a depth of 2,200 meters with the logging indicating “that the most prospective looking…
FaceBook shares fell 8.5% in the regular trading session yesterday to $26.85, following game developer Zynga’s disappointing earnings which sent their shares down 38% (Zynga produces games for the FaceBook platform). Then came FB’s earnings report after Wall’s Street close and the shares tumbled another 11% to $23.97, an all time low after failing to…
We included Ceres Power in our Jul magazine edition feature (click here – http://issuu.com/spreadbetmagazine/docs/spreadbet-magazine-v6_generic – page16) entitled 5 potential 10 baggers – a risky stock no doubt but, in our opinion, one of the stocks most likely to have the shorter odds in achieving the fabled 10 fold return. Today’s RNS shortens these odds further. Highlights…
UK Corporate Announcements Centrica announces H1 sales gained 4% to £12bn and expects further earnings growth for the full year and states it will decide on Hinkley Point Nuclear by the end of the year BG Group reports Q2 net profit of $283m from $1.24bn on sales of $5.57bn from $5.1bn as it books a…
This week’s AGM of Fidelity’s China Special Situations fund proved to be an uncomfortable experience for the 62 year old veteran investor Anthony Bolton. He is famous for delivering annualised growth of 19.5% over a 28 year career (1979-2007) managing the UK Special Situations fund, turning a £1,000 investment into £147,000. In 2009 Bolton surprised…
The S&P 500 broke the short-term uptrend again yesterday. This is the second time in two weeks that this has occurred, the first break occurred on the 12th July, but the index found support on the 50-day moving average and mustered a rally to make a new high on 19th July of 1380. The 50-dma…
GDP in the UK decreased by 0.7 per cent in the second quarter on weakness across all sectors. It seems that the dreaded double dip couldn’t be avoided and the string of negative GDP prints has now been extended to three quarters. The UK Office of National Statistics released the second quarter GDP numbers earlier…
We put out a Conviction Buy call on the Nikkei on Jun 21st at 8600. In sympathy with other global markets, and also as a response to the muted economic statistics that have been coming out of China in recent weeks, the Nikkei has also fallen, in fact by around 45 more than the global…
UK Corporate Announcements Arm Holdings announces Q2 adjusted EPS of 3.58p on revenues of $422m up 12%, just ahead of the forecasts BT reports a Q1 adjusted EBITDA of £1.46bn, in line with the forecasts, although Q1 revenues of £4.48bn came in just under the forecasts and states it is making good progress in faster…
