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You are browsing the archive for 2014 July.

Second quarter earnings season kicks off

Jul 9, 2014 at 8:52 am in Market Commentary by contrarianuk · Leave a Comment »

After weeks of relying on economic data and the words of the world’s central banks to give an idea of the likely direction of the financial markets the focus is now switching to US corporate profitability with the beginning of the second quarter earnings season.

Quindell retreats as Gotham City bags Spanish target

Jul 8, 2014 at 9:47 am in AIM by contrarianuk · Leave a Comment »

Gotham City Research bagged another scalp yesterday with news that Spanish target, Gowex, had filed for bankruptcy. Owners of shares in Quindell will know Gotham well after it published a series of allegations in April 2014 and the shares fell over 4% yesterday and are down a further 3% today to 198p.

Relative performance of investment greats

at 8:47 am in General Trading by contrarianuk · Leave a Comment »

This chart is circulating on Twitter and its pretty interesting comparing the long term performance of the investment greats.

Blinkx shares bounce from lows

Jul 7, 2014 at 10:36 am in AIM by contrarianuk · Leave a Comment »

Its been interesting keeping an eye on Blinkx’s share price since the profits warning on July 2nd. After the shares fell over 50% on the day to 32p, they continued their slide on July 3rd, finally bottoming at 27p and then bouncing to today’s 35p. Still a 45% decline in the last week is pretty shocking.

Hurricane Energy retrace lesson in banking profits

Jul 4, 2014 at 9:08 am in AIM by contrarianuk · Leave a Comment »

On June 26th, Hurricane Energy, the North Sea focused fractured basement reservoir oil and gas explorer produced excellent results from its Lancaster well with the flow tests significantly exceeding expectations. The shares subsequently spiked from 28p to the mid-40p range on the day and then went as high as 54p in the next couple of days.

Rockhopper rises 9% even after Mediterranean Oil and Gas duster

Jul 3, 2014 at 4:23 pm in AIM by contrarianuk · Leave a Comment »

Falklands driller announced a deal to acquire Mediterranean Oil and Gas (MOG) back in late April. MOG today announced news from a wildcat well offshore Malta and as expected it proved to be a duster given its low chance of success.

Dow Jones Industrials blast through 17,000

at 4:04 pm in Market Commentary by contrarianuk · Leave a Comment »

The Dow Jones Industrials are up 80 points to 17,056 and the S&P 500 is adding 8 points to 1,983 – new all time records for the US market and meaning that the Dow has crossed the 17,000 mark for the first time ever.

Blinkx shares massacred on profits warning

Jul 2, 2014 at 9:11 am in AIM by contrarianuk · Leave a Comment »

Shares in Blinkx, the Aim-listed online video company and bulletin board favourite, are down 45% to 36p this morning after a profits warning, valuing the company at £144 million. The shares have traded as high as 230p towards the end of 2013. A shocker indeed!

Ocado finally makes a profit but not much of one and Tesco/Morrisons continue to suffer

Jul 1, 2014 at 10:00 am in General Trading by contrarianuk · Leave a Comment »

Back in late 2012, the shares of online grocer Ocado were trading at an all time low of 56p as shorters targeted the company in a big way after profitability continued to be elusive after the company launched selling Waitrose products. Morrisons’ market share fell to 10.9% from 11.7% last year, while Tesco’s market share dropped to 28.9% from 30.3%.