Xcite energy announced this morning that the Bentley field extended well test (EWT) well is flowing at a stabilised rate of 2900 barrels a day, exactly in line with the December 2010 well test (at which point the shares rose to over £4 albeit with almost half the number of shares in circulation!). They also…
UK Corporate Announcements Britvic announces Q3 revenues fell 7.6%, 5.1% constant currency, impacted by the poor weather and product recalls and states it is reviewing its plans for 2013 and expects a reduction in its 2013 guidance Kingfisher details Q2 LFL sales fell 0.4% stating the inclement weather affected sales, and expects gross margins to…
In early June, the Shabeel North well in Puntland, Somalia was spudded with a targer depth of 2400 metres. The well is operated by Canadian listed Horn Petroleum (60% share) with AIM listed Red Emperor Resources holding a 20% interest and AIM/ASX listed Range Resources 20%. The drill was planned to take around 60 days…
Yahoo was originally founded by Stanford students Jerry Yang and David Filo to produce an early web portal giving access to a directory of websites before the advent of search engines like Google, and also to provide bespoke internet content. In 2008, Microsoft proposed a $44.6 billion takeover of the company, at $31 a share,…
An interesting RNS from Worldlink whose shares are still under suspension – Andrew Ellis secures 51% of Worldlink’s Sports Division Worldlink Group Plc (“Worldlink” or the “Company”), the UK listed Company with patents on providing changing data in real-time for mobile devices, today announce that Across the Line Limited, a company funded by London based…
It’s fair to say that the 2 picks that we have got wrong this year are Research in Motion& Nokia – calling Conviction Buys on both at prices of $13 and $2.50 respectively. We believed the brands, balance sheet cash piles, price to cashflow, price to book etc made them a raging buy at prices…
This magazine, as regular readers will know, believes that the AIM Oil & Gas arena is in the latter stages of a bear market/the embryonic stages of a bull run – one that will be peppered with corporate takeover activity over the ensuing months. Such are the valuations on many of these stocks, particularly those…
UK Corporate Announcements London Stock Exchange announces Q1 total revenues of £179m up 10% and states that market conditions have remained weak and that it expects the summer period to be quiet Speedy Hire states that Q1 has been in line with expectations and that the full year had started satisfactorily Land Securities states that it sees progress…
Investors have been desperately hoping for positivity in Bernanke’s recent comments, poring day over day, meeting over meeting, month over month for clues to QE3. Last week, on Wednesday, everyone was anxiously waiting for the FOMC minutes in order to search for these clues that could give the slightest idea QE3 was imminent. Unfortunately for…
The main take-away message from today’s release of US retail sales is that they have shown their longest losing streak (declines) since late 2008, at the centre of the financial crisis.But we must also note that US retail sector jobs have tended to peak out before the top in retail sales in the last two…
