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You are browsing the archive for 2014 April.

Twitter hammered in pre-market trading as user growth disappoints

Apr 30, 2014 at 12:39 pm in General Trading by contrarianuk · Leave a Comment »

Twitter shares are down nearly 13% to $37 a share prior to the opening of the US markets after a disappointing earnings release last night. The shares are down from a high of $74 reached in December 2013 after its IPO in November.

Heritage oil taken out by Energy Investments Global Ltd (Bidco) in £924 million cash deal

at 6:43 am in General Trading by contrarianuk · Leave a Comment »

Well, well….Nigerian focused oil producer Heritage Oil has announced this morning that it is recommending a 320p per share offer by Energy Investments Global Ltd (Bidco), a wholly owned subsidiary of Al Mirqab Capital SPC.

M&A action this morning with Pfizer – AstraZeneca and Premier Oil – Ophir Energy

Apr 28, 2014 at 9:43 am in General Trading by contrarianuk · Leave a Comment »

A merger and acquisitions frenzy going on right now with Pfizer somewhat surprisingly not taking no as an answer with its intention to tie up with AstraZeneca and news over the weekend that Ophir Energy wanted to merge with Premier Oil but was rebuffed.

Caterpillar highlights risks to global growth with revenue growth lacking

Apr 26, 2014 at 8:10 am in General Trading by contrarianuk · 1 Comment »

I’ve always followed the shares of Caterpillar (CAT), the global construction equipment maker, since the company always gives an excellent insight into overall economic health around the world.

Apple and Facebook earnings help reassure nervous tech investors

Apr 24, 2014 at 9:37 am in General Trading by contrarianuk · Leave a Comment »

It was a big day for technology earnings in the United States after the market close last night with Facebook and Apple both reporting earnings. Apple’s shares rose nearly 8% to $564 on its fiscal second quarter earnings and Facebook rose 4.5% to $64 on first quarter earnings as both reported strong figures which helped reassure technology investors after the recent Nasdaq sell off.

Big pharma in focus this morning as AstraZeneca and GSK grab the headlines

Apr 22, 2014 at 9:50 am in Market Commentary by contrarianuk · Leave a Comment »

Plenty of news today from big pharma with speculation surrounding a Pfizer/AstraZeneca tie up and a major announcement from GSK/Novartis on an asset swap. Both are an illustration that the sector is trying to find its way in an increasingly hostile regulatory environment, where drug development costs are now running in several billions per successful candidate.

Is it time to look at investing in miners again?

Apr 20, 2014 at 3:28 pm in General Trading by contrarianuk · Leave a Comment »

Many investors are wondering whether this is the right time to start putting their money back into mining shares after an awful couple of years. The Blackrock World Mining Investment Trust is a good benchmark for performance of global mining companies with 11.6% of its assets in Rio Tinto, 11% in BHP Billiton and 9.7% in Glencore Xstrata.

Google’s future growth trajectory under scrutiny with signs of deceleration

at 8:22 am in General Trading by contrarianuk · Leave a Comment »

Google has been at the epicentre of the internet revolution since its IPO in August 2004. Its market value has ballooned in parallel with internet usage, rising from $27.2 billion to a staggering $363 billion today.

US earnings season – will it soothe nerves or add to the selling pressure?

Apr 11, 2014 at 8:20 am in Market Commentary by contrarianuk · Leave a Comment »

Traders seem eager to take any hint of bad news right now to sell off holdings particularly in overvalued technology, biotech and small cap stocks. Poor data from China seemed to be the latest excuse.

Gulf Keystone Petroleum and Xcite Energy deliver more news to shareholders

Apr 9, 2014 at 2:34 pm in AIM by contrarianuk · Leave a Comment »

Both companies saw their shares hit multi year low’s a couple of weeks ago with Xcite Energy disappointing investors with news that it had failed to tie up a farm out deal for its Bentley North Sea field, driving the price as low as 59p. In the case of GKP it was down to 80p following a statement in their bond offering document that the $250 million bond would be needed…