After a botched IPO, Facebook shares fell as low as $25.50 earlier in June at which point we recommended a swing Buy trade. It has sprung back to life with a vigour to close at $33 on Friday – within sight of the company’s initial floatation price if $38 in which 421 million shares were…
Risk was again off the table towards the end of the week with key European and US indices declining on ‘renewed’ fears over global economic growth o Thursday, and as ‘disappointment’ over the lack of decisive action by the Fed began to sink in. We remarked that recent market stability did not mean we were…
Kazakhstan focused oil producer Max Petroleum is currently down 53% to 4.1p after falling as low as 2.5p earlier today on news that it may have to significantly reduce or even abandon its exploration programme if it does not get additional funding. Back in March it was over 14p and the company is now currently…
After a complete drubbing in recent months as the chart below demonstrates (90% capital destruction in just 6 short months), there seems to be a stock shortage in WGP amongst the marketmakers today and growing noises of an imminent positive news announcement… Perhaps City Index have settled with them? The volume in recent days looks…
Following the huge disappointment of the 80p placing a couple of weeks ago, Xcite Energy has pulled the reserves based lending deal out of the bag to largely fund phase 1b of the Bentley heavy oil field development programme. Huge relief for long suffering share holders! 22 June 2012 Xcite Energy Limited Signing of US$155…
Brent crude oil prices have had a rough time of late. Now trading at just under $90 a barrel, it is down from around $124 in late February and is close to its 52 week low. It peaked at just over $128 in 2008. A combination of worries about global growth, mitigation of supply worries,…
Japanese stocks are extremely cheap selling for up to half their book values. Rarely do high quality multinational companies with global earnings become subject to pricing at these cheap levels. The argument about Japan’s population halving in the next 50 years is, quite frankly, pure nonsense. Yes the population is getting older and yes it is…
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Nokia is ripe as a $10 billion-plus takeover target for Microsoft. This would be a terrific deal for Mr. Softy. For Nokia too, of course. Whether life follows logic is another matter… In case you’ve been living under a rock, you’ll already know that Nokia, the Finnish cellphone company that once dominated the world, is having an even…
How extraordinary and unexpected are the twists and turns of history! Greece is renown as the seat of a brilliantly successful ancient civilisation, but these days for little else apart from corruption and tourism. According the CIA Yearbook*, Greece is the world’s 41st biggest economy, about the size of Vietnam and Bangladesh. So five or…
