FTSE 350 Stocks Glencore (GLEN): Initial Ceiling towards 200p Shares of Glencore have lost some of the momentum of their great 2016 rally, with the question now being whether this is due to the market saying that enough is enough for the rise from under 70p. Also worth keeping in mind is the way that…
I expected the Rio 2016 opening ceremony to be a bit more Benny Hill than it was. Brazil is a country where gender stereotypes are revered. Femininity is celebrated, not denied like it often is here in Northern Europe. There’s a football league in the north east of Brazil where each team chooses a beauty…
With the XXXI Olympiad coming to a close in Rio de Janeiro, it’s a good opportunity to take a look at the effect of the summer games on global – and host country – stock market performance during the Games and moving forward. There are a lot of common themes between the Olympic games and…
As far as British Gas owner Centrica is concerned, it may be the case that the saying “don’t get mad, get even” is the appropriate one. The question is whether getting even should involve going long of the shares? Centrica (CNA): Gap Higher Through 50 Day Line Targets 260p The recent trajectory of the daily…
Rather more than a year ago I here considered Phosphorus bonds. These were issued by that company which itself served as a holding company for Phones4U. Shortly after the £200m fundraise that very sum was sent up to its very own holding company BC Partners. And not long after that the entire structure collapsed. Even…
The general consensus on the street has been bearish on Crude since the US became a self-reliant energy producer and exporter. This, coupled with more energy-efficient vehicles may have subdued demand and brought oil prices down to multi-year lows (currently $49.00). While Russia does not want to cut production, increasingly many OPEC nations are considering…
It would appear that Thomas Cook has been in the news for all the wrong and tragic reasons in the recent past, as the tourism industry was hurt by the ravages of terrorism. But at least the latest newsflow, including the announcement of a hotels sourcing deal with Webjet, temporarily provides a respite. Thomas Cook…
I promised to update on Kibo Mining when it published details of its joint venture with an adjacent gold miner to monetise its gold assets in Tanzania’s Lake Victoria gold fields – in order to add to whatever value emerges in its Mbeya coal to power station project. Hiving off parts of a company is…
BAT’s sales and earnings are on the rise again. However, the shares are full of profit given that the share price has risen by a third over the last year. By past standards the shares do not look particularly cheap. Last year’s dividend yield is only 3.1%, and this year’s and next are estimated at 3.3% and 3.5% respectively. I judge the shares a ‘hold’…
It always concerns me when the mainstream media, in the form of financial journalists, start doing their own technical analysis/charting. Usually it concerns Heads & Shoulders, or Golden/Dead Crosses, but the latest manifestation is the RSI on the FTSE 100 hitting “overbought.” FTSE 100: RSI Sell Signal? It is difficult not to imagine there is…
