Hello Share Folk: I have rather a good feeling about our prospects this week. And possibly in the whole of the Christmas countdown, too.
At the Mines & Money annual dinner last week the “lifetime achievement” award went to retired fund manager Ian Henderson. As he stepped up to pick up his award I wonder what Alex Chapman was thinking. Alex who you ask? Hmmmmm.
Thanks to Accendo markets we have five hundred £12 tickets to the UK’s top investor show, UK Investor Show to give away for free. Well we had 500. There are now just over 300. The event takes place on April 5 in Westminster London and the free tickets will be allocated strictly on a first come first served basis.
Is there really a Santa Claus rally in equity markets? Well maybe but it all fills Tom Winnifrith with more caution than optimism – a chance to sell a few shares that are flying.
After a brief short-covering rally of 2.16% on Wednesday, the U.S. Comex gold futures dropped 1.23% on Thursday to $1,231.90 and fell a further 0.5% during Asia's Friday morning.On Thursday, the Dollar Index suffered a 0.74% peak-to-trough loss, preventing the gold futures from dropping further.
Are some resource stocks making money in this bear market? Steve Todoruk of the world’s leading resource investment group Sprott, says it is not all about metals prices like gold, silver and uranium – some resource stocks may still be headed up.
Hello Share Minders: We've just had a pretty poor week on the old share front.
International specialist staffing company, SThree plc (STHR) has updated on its fourth quarter to 1st December 2013 and what it considers “a solid platform for growth as we head in to the new financial year”. The following updates…
As I note often most folks on Bulletin Boards are good decent beings. A few are total monsters or morons or both. But there is the odd total genius. Step forward Marab on the ADVFN Strategic Minerals (SML) thread.
Supplier of specialist document management software and services, Idox plc (IDOX) is scheduled to this month release results for its year ended 31st October 2013. With, at a current 32p, the shares down by more than 15% since the start of that year and 46% from their 59.5p February highs, the following looks at what to expect.
Domino's Pizza Group (DOM) has announced its CEO, Lance Batchelor, is to leave to take up a position in “a significant private equity backed company” in a non-competing sector from 30th April 2014. The following updates with the shares currently down more than 4%, at 507.5p, on the news.
Vedanta Resources (VED), the diversified metals and mining company, disappointed investor in November after reporting a 17 per cent drop in first-half revenues on the back of falling commodity prices. The stock fell sharply on 15th November and the slide in the share price has continued ever since.
While the post May period has witnessed decent stabilisation for Orosur Mining (OMI) on its daily chart, this is probably the minimum that would be expected in terms of a bumping along the bottom experience in the wake of the painful meltdown for the shares seen in March to May from 45p plus to below 10p.
A number of writers on Shareprophets used to work for and/or own shares in Rivington Street the Plus listed company now going through administration after almost three years of being chaired by offshore investor Jim Mellon. But this process is throwing up a number of questions.
If you believe some bloggers, Cupid is not a stock to have great faith in on the long side, but what we have seen on the daily chart here since March is actually quite a good example of consolidation/stabilisation.
Thanks to Accendo markets we have five hundred £12 tickets to the UK’s top investor show, UK Investor Show to give away for free. The event takes place on April 5 in Westminster London and the free tickets will be allocated strictly on a first come first served basis.
accesso Technology Group (ACSO), the former Lo-Q plc, has announced a $13 million (£8 million) acquisition of Siriusware Inc, a private US-based company providing ticketing and guest management point-of-sale technology to the attractions and leisure industries. The following updates with accesso emphasising “that the acquisition is strategically compelling and highly complementary to accesso's existing operations, customer base, product and service offering”.
Our pals at Spreadbet Magazine have today published a new e-booklet by the legendary bear raider Evil Knievil and we have 250 copies to give away.
Hello Share Shovers: So growth in the UK is greater than expected. As I recall, this is the first time that George the Chancellor has been able to say that the figures are greater than we thought. They have always been worse.
Following Shareprophets teaming up with spreadbetting company ETX, I have entered a charity Christmas trading challenge with Tom Winnifrith. I haven’t spreadbet before and tend to focus on longer-term investments but, for a good cause, here goes…
What will Father Christmas be putting in the stockings of the writers of ShareProphets, nine share tips, plus what sexism at the BBC
In today's bearcast I take inspiration from Roger Lawson looking at the sins of KPMG at Carillion (CLLN) and EMIS (EMIS), not to mention Quindell (QPP). What to do? I look more at Dignity (DTY) and conclude that - having examined numbers from Beyond - the company is fecked. I look at the dumbest snowflake financial journalist going - natch he works for the Daily Mail. And I wonder should one follow the bears, I review the most shorted stocks on AIM and the main market including IQE (IQE), Debenhams (DEB) and Telit (TCM)
KEFI Minerals (KEFI) has updated on the most recent quarter, including on Tulu Kapi project financing and that “the final Tulu Kapi project models were agreed within the consortium and uploaded into the formal financing data rooms. They show some improvements for shareholders, as compared with recent company guidance”…
The current exuberant mood of the market has thrown up some great opportunities for bears as well as bulls on AIM recently. But for bears they are not for the faint hearted. Timing is particularly difficult when shorting rubbish and, particularly in these times, it pays to drip feed into a position and to maintain plenty of margin. Even then it is not unusual for a stock to double against you as happened to me recently with Online Blockchain (OBC)
It can be difficult just buying and holding a share at times, especially when nothing is really happening with the share price and many of its peers are seeing large rises.
Gold is positioned for a major breakout in 2018 and the gold stocks and Silver are not far behind. That is the claim of Jordan Roy Byrne the Technical Analyst at Palisade. In the video below he demonstrates his thesis by analyzing 6 different charts and the key resistance levels these markets could test very soon.
Again Carillion (CLLN) dominates the news and the political class is talking utter tosh with our useless Prime Minister Mrs May leading the way. By way of contrast Luke Johnson is superb in his Sunday Times Column today. Luke for PM before it is too late.
I noted yesterday that Blue Prism (PRSM) was one of the most shorted shares on AIM. And having had a butchers at the numbers I can see why.
A note popped into my inbox with regard to the demise of Carillion. At first glance, it seems we’ve all been here before – way back in 1990 (when even Tom Winnifrith was a young man). For Carillion today, read Coloroll then.
If you listened to my bearcast of yesterday you will be in no doubt that I am aa big bear of Dignity (DTY) based on some simple maths. I take my hat off to a ShareProphets reader (Buy100ozSilver) for his maths in our comments section. His ( or her) post merits a wider audience.
It being the weekend, I thought I would take a break from stock specifics and make a few observations about a brilliant film that I watched recently on Netflix that I would recommend to anyone interested in investing, and particularly short-selling, as it tells the fascinating true story of Bill Ackman’s costly billion dollar short against alleged pyramid scheme, Herbalife (NYSE: HLF).
It's been 18 months now since I cut the (virtual) cord with Sky TV (SKY) and I can't say that I have missed anything, except a £50 per month-ish bill. It's been replaced by Freeview, at the impressive price of free, and Netflix (NASDAQ:NFLX) at £6.99 per month.
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