UPDATE (1) “Existing cash resources will support Plus as it closes the gap to profitability, anticipated in 2012” “The Board will then consider what steps to take to either return residual value, if any….” – May 14 2012 Which one makes sense? Someone has been misleading the market…. Market misinformation = market abuse. I have…
Sentiment is a good measure when trying to assess where we are in the market and in attempting to guess the next move. Invariably, this data should be interpreted in a contrary manner, ie when everyone is long – be wary but particularly so on the downside – when everyone is downright bearish and fundamental…
Gulfsands Petroleum shares have been hit heavily in recent months primarily due to the spillover effects of the Arab uprising and in particular the civil strife in Syria – a region where the Company’s main exploration operations are based. Unfortunately for Gulfsands, the EU sanctions imposed on the Syrian Government resulted in the suspension of…
Ever since Plus put themselves up for sale in early February, the company’s long suffering shareholders have been waiting on tenterhooks to find out if management have managed to obtain a fair value for the business. The companies woes in recent years, that have variously involved the departures of both former CEO Simon Brickles and…
News that Facebook’s IPO is oversubscribed will not surprise readers of this blog (see tab to bottom right for our previous piece on Wall Street’s usual IPO shenanigans). It looks like the company will raise at least $10.6bn with the shares priced towards the top end of the $28 – $35 range and so valuing…
The FTSE 100 closed the week up 32 points at 5,576, but down 1.4% on the week. The Dow Jones Industrial Average finished at 12,821 with Dow component J.P. Morgan falling 9.3% after revealing losses of at least $2 billion as a result of trades gone wrong by the so called “London Whale”, Bruno Michel…
And so the curtain is about to be drawn on a miserable week for most investors. As posted throughout this week it looks to us like there has been a margin washout and todays poor price action on Italian bond yield woes is really squeezing the last vestiges of patience out of the remaining market…
Click here for link from www.squaremiledata.com Company Description Ticker SOL% Index Cove Energy PLC Oil & Gas Producers COV 54.01 FA050 INTERNATIONAL POWER PLC Electricity IPR 24.86 F100 TALVIVAARA MINING COMPANY LTD Industrial Metals TALV 24.15 F250 OCADO Food and Drug Retailers OCDO 22.22 F250 WEIR GROUP PLC Industrial engineering WEIR 20.40 F100 FERREXPO PLC…
Jerome Kerviel, Societe Generale, $7 billion loss Bruno Michel Iksil, JP Morgan, $2.3 billion loss Kweku Adoboli UBS, $2.2 billion loss Nick Leeson, Barings, $1.4 billion loss Contrarian Investor UK
Xcite Energy – 94p Bowleven – 74p Northern Petroleum – 74p Gulfsands Petroleum – 111p Heritage Oil – 134p For those traders with a 6 – 12 months perspective (and free margin!) – the opportunity to build a diversified selection of oil explorers given the respective maket caps of many of these company’s relativ to…
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