Research in Motion, maker of the Blackberry, fell 19% yesterday to finish the US session at a new 12 year low of $7.39 making its market capitalisation now less than $5 billion. The company has remaining cash of $2.2 billion. In 2008 the company was trading $150 and its 52 week high is $33. The…
After the despondency of Thursday, there was a significant snap back in stock indices and commodity prices yesterday after a last minute deal at the EU summit in Brussels to reduce the debt burden on Spain and Italy. The €440bn European Stability Mechanism (ESM) will be able to directly give loans to banks and buy…
UPDATE (1) – A VICTORY FOR THE SMALL SHAREHOLDER! THERET, WYNNE-EVANS & BASING WERE ALL VOTED OUT AT TODAYS AGM. CRACK OPEN THE CHAMPAGNE TONIGHT TROOPS & WAIT FOR THE POTENTIAL LEGALS SUITS REGARDING THE BOARDS CONDUCT IN RECENT MONTHS TO BEGIN TO SURFACE… And so the saga of Plus and the glaring disconnect between…
Markets were fairly weak yesterday as attention continues to focus on the European Summit, and whether the powers that be can agree on a plan to address the Continent’s debt crisis. Key European indices the DAX and CAC were both down 0.37% while the FTSE was off by 0.56%. The DOW and S&P meanwhile rebounded from significant…
Let’s turn back to 2007 and the heady days ahead of the Great Financial Crisis which would ultimately fell the world. It was reasonably obvious that a bust would come, although the extent of it was dramatically under-estmiated by even the most fervent bears However, if you were a Bank you could see the leverage…
Worldlink signs heads of terms Worldlink Group Plc (“Worldlink” or the “Company”) are pleased to announce that it has signed heads of terms with 3 Premier League Football Clubs under which Worldlink becomes the official betting and gaming partner of those clubs. Under these heads of terms there are certain financial commitments which need to…
When will the pain end for AIM oil and gas investors? The falls have been staggering over the last few weeks. The charts are all looking like an Alpine down hill race over the last 6 months, which presumably means the same for many holders bank accounts! Chariot Oil and gas is the one exception to…
Commodities of late have had a pretty rough time with the S&P GSCI Index Spot commodity index down 10% in the last year. Oil has suffered even more with Brent Crude dropping 15% in the last 12 months to $91.5 and from a 12 month high of $125 in February 2012. Courtesy FT.com The spread…
The major technical break of the inverse head and shoulders which was widely lauded when the S&P price action broke through the neckline resistance of 1335, on 15th June, is now back below the neckline indicating that the potential for a trend reversal to the upside was not as solid as it seemed. The S&P…
Most followers of Man Group will readily concede the shares are cheap and that they trade at almost the liquidation value of the Company. The key questions are – (a) Will the dividend be cut? The shares are trading on an unheard of for a recent FTSE 100 stock of just under 15% – if…
