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Another bad day for Afren

Oct 30, 2014 at 2:15 pm in General Trading by contrarianuk · Leave a Comment »

After sliding more than a third in July after it was revealed that Nigeria focused Afren’s CEO and COO were being suspended for receiving improper payments, today proved to be yet another bad day for the company as it issued its interim management statement.

Fitbug Holdings – over 1000% rise in the last month

Oct 29, 2014 at 12:00 pm in AIM by contrarianuk · Leave a Comment »

A company called Fitbug holdings caught my eye yesterday and I was astounded to see that the company which is a provider of online coaching services and fitness devices has risen 1329% in the last month.

Investors keen to hear what the Federal Reserve has to say

Oct 28, 2014 at 5:31 pm in Market Commentary by contrarianuk · Leave a Comment »

The October Federal Reserve FOMC meeting concludes tomorrow and investors on both sides of the Atlantic are wondering whether as expected the Fed will announce the end of the latest round of asset purchase schemes and indicate that interest rates will remain low for a considerable period

Potential Salamander Energy deal shows there is still M&A potential in oil sector

Oct 27, 2014 at 2:44 pm in General Trading by contrarianuk · Leave a Comment »

Salamander is up 18% to 95p after earlier climbing as high as 100p after a report in the Sunday Times yesterday reported interest in buying it from Ophir Energy, the UK listed company, and Cepsa, the Spanish group, were today confirmed in an RNS.

US markets snap back boosted by earnings

Oct 26, 2014 at 10:57 am in Market Commentary by contrarianuk · Leave a Comment »

After all the selling the week before last the US S&P 500 index climbed 4.1% last week to 1,965, rising back above the psychologically and technically important 1,950 level.

Bowleven shareholders hope for good news next week

Oct 24, 2014 at 2:14 pm in AIM by contrarianuk · Leave a Comment »

Shares in Cameroon focused oil explorer Bowleven rose 12% yesterday as expectations rise that good news will come next week in relation to the company’s farm out with Lukoil and NewAge.

Supermarket shares take a battering

Oct 23, 2014 at 1:55 pm in General Trading by contrarianuk · Leave a Comment »

More bad news from Tesco this morning battered the supermarket sector again and sentiment wasn’t helped by a poor trading statement from Premier Foods, a key supplier to the grocery sector.

British American Tobacco shows things getting tougher at big tobacco

Oct 22, 2014 at 8:46 am in General Trading by contrarianuk · Leave a Comment »

British American Tobacco today issued its Interim Management statement for the period covering the first nine months of 2014 and it wasn’t pretty reading as it reported lower revenue caused by adverse foreign exchange movements and weak volumes in western Europe.

Apple impresses with another strong quarter

Oct 21, 2014 at 8:15 am in General Trading by contrarianuk · Leave a Comment »

Apple keeps on delivering with another strong set of earnings for its fiscal fourth quarter ended September 27th with revenues rising by 12%, helped by strong sales of iPhone. Earnings per share growth of 20% and a record $13.3 billion in cash flow were delivered in the quarter.

Google earnings fail to meet expectations as expenses soar

Oct 17, 2014 at 10:26 am in General Trading by contrarianuk · Leave a Comment »

Investors in Google were feeling a little underwhelmed by the company’s third quarter earnings with the shares down about 1% to $524 in pre market trading.