You are browsing the archive for 2014 July.

Afren plummets as CEO and COO suspended

Jul 31, 2014 at 10:31 am in General Trading by contrarianuk · Leave a Comment »

Africa focused oil and gas explorer, Afren (AFR) is currently down 28% to 107p and fell as low as 97p this morning on news that the CEO and COO have been suspended for ‘the receipt of unauthorised payments potentially for the benefit of the CEO and COO’.

by contrarianuk

Twitter shares rise over 30% as earnings impress

Jul 30, 2014 at 10:15 am in General Trading by contrarianuk · Leave a Comment »

Twitter shares rose over 30% after the market close night and are currently up 26% to $49 in pre-market trading, almost double the $26 IPO price of November 2013.

by contrarianuk

Shares in Pier’s Linney’s Outsourcery company falling off a cliff

Jul 29, 2014 at 2:45 pm in AIM by contrarianuk · Leave a Comment »

Dragon’s Den stat Piers Linney may be splashing the cash on the BBC2 programme but as co-founder of AIM listed Outsourcery (OUT) he might be a little concerned by the 79% fall in the company’s share price in the last year…

by contrarianuk

Reckitt’s pharmaceutical spin off and GSK sell off prospects continue run of sector deals

Jul 28, 2014 at 6:05 pm in General Trading by contrarianuk · Leave a Comment »

After the excitement of the failed Pfizer bid for Astra Zeneca and AbbVie’s successful deal with Shire, there was further interest for UK pharmaceutical businesses today from both GSK and Reckitt Benckiser.

by contrarianuk

Bacanora Minerals is first junior miner to list on AIM for 3 years with a strong start to trading

Jul 26, 2014 at 9:54 am in AIM by contrarianuk · Leave a Comment »

The entry of Bacanora Minerals (BCN), the Canadian resources company with assets in Mexico, onto AIM yesterday was notable in that it was the first junior miner to list on the exchange for 3 years.

by contrarianuk

CYNK Technology comes back from suspension with 80% drop

Jul 25, 2014 at 3:37 pm in General Trading by contrarianuk · Leave a Comment »

I wrote about the obscure and infamous social networking company, CYNK Technology, back in mid-July following its suspension by the US SEC.

by contrarianuk

Facebook smashes expectations with huge mobile ad growth

Jul 24, 2014 at 10:05 am in General Trading by contrarianuk · Leave a Comment »

Facebook proved the doubters wrong again with a very strong reported second-quarter profit of $791 million, or 30 cents a share, compared with a profit of $333 million, or 13 cents a share, for the year ago period, an increase of 138%.

by contrarianuk

Solid quarter for Apple helped by emerging markets

Jul 23, 2014 at 8:46 am in General Trading by contrarianuk · Leave a Comment »

Apple issued its latest earnings report after the Wall Street close last night with strong sales in China helping offset weakness in other markets.

by contrarianuk

Chariot Oil and Gas surprises investors with placing

Jul 22, 2014 at 10:11 am in AIM by contrarianuk · Leave a Comment »

A bit of head scratching this morning as Chariot Oil and Gas announce a surprise placing last night to raise $15 million. The shares are down 8.5% to 16p on the news.

by contrarianuk

Philip Clarke finally gets the bullet at Tesco

Jul 21, 2014 at 9:16 am in General Trading by contrarianuk · Leave a Comment »

After months of trouble and strife at the UK’s number one supermarket group, Tesco, under the leadership of 40 year veteran Philip Clarke it was one profit’s warning too many this morning with the news that Clarke is being replaced in October.