With Cable & Wireless shares now trading at a 4.5p discount to the 38p cash offer by Vodafone, the shares are beginning to look interesting, particularly if a long bet is taken with a guaranteed stop 10% away. The odds of the bid not going through look to be less than 20% and so a…
At the current price of $3.73 (US list) Nokia looks to us to be a classic value purchase opportunity on a price to book (tangible), price to cash, yield and also on a contrarian sentiment basis – almost universally negative. Something has to give soon and we wouldn’t bet against Microsoft finally moving to swallow…
Spreadbet Magazine supports wholeheartedly the growing momentum by company shareholders to the grossly excessive and disproportionate pay levels currently prevalent in corporate UK. Our story posted yesterday on the magnitude of monies that wee paid out at Lehman just before its collapse is a salutary lesson in just how much many respect modern day company…
After the hysteria triggered by the rumours of a gigantic oil discovery at Borders and Southern’s Darwin East well in the South Falklands basin, all is quiet. For now! Borders and Southern of course disappointed many investors who piled into the shares a couple of weeks ago after stories in the Sun newspaper of oil…
Research in Motion’s shares are down 4.5 percent to $13.6 on a report from IDC that showed RIM’s share of the global smartphone market fell to 6.7% in the first quarter of 2012, compared to 13.6% for the same period last year. Apple and Samsung together had a 53% of the total market on a volume…
At last a professional looking web site for Xcite Energy, http://www.xcite-energy.com/
The Institute for Supply Management’s manufacturing index rose to 54.8% last month from 53.4% in March versus estimates of 53.3% gave US stocks a good boost. The Dow Industrials are up 114 to 13,328 despite Chinese PMI data which came in slightly light of expectations. The FTSE 100 rose 75 points to 5,812 despite disappointing…
Blinkx – the online video search company has quietly put on almost 25% in just 4 trading days after being shaken down to the early 40’s post the 10 April trading update that revealed slowing growth – contrary to analyst expectations. This type of price action, going against the fundamentals, is always interesting to us…
Following our post yesterday and the inclusion in the Directors dealings section of our latest issue – http://issuu.com/spreadbetmagazine/docs/spreadbet-magazine-v4_generic it is interesting to see Bumi continue to rise today (albeit on thin volume). Looks like 550p over the next few days – a close over here and the 50% retracement of the move from just under 800p…
Some highlights from todays results – Gains of 5% or more in the European long/short, North American Opportunities, Alpha Select, Global Opportunity, Global Convertibles, Market Neutral, European Distressed, Emerging Markets and Multi-Strategy alternative investment styles, with long only Japan Core Alpha up 21.4% and Global Equities up 13.9% Three quarters of performance fee eligible GLG…
