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You are browsing the archive for 2014 November.

Huge volatility on Quindell rumour mill

Nov 28, 2014 at 10:02 am in AIM by contrarianuk · Leave a Comment »

If you’re a trader and you want volatility then you can’t get much more volatile than AIM listed Quindell. Last week its shares collapsed as low as 43p following news that Chairman Rob Terry and two other directors had resigned from the board after a botched share scheme with Equity First Holdings.

Brent Crude falls over 4% to less than $75 a barrel

Nov 27, 2014 at 3:35 pm in Market Commentary by contrarianuk · Leave a Comment »

So it looks like OPEC are maintaining their daily output at 30 million barrels a day. Bad news for oil prices with Brent currently down $3 to $74.3 a barrel with WTI crude down $2.4 at $71.

Crude oil rallies slightly after yesterday’s falls

Nov 26, 2014 at 10:50 am in Market Commentary by contrarianuk · Leave a Comment »

Brent crude is up around half a dollar to $78.7 a barrel with the markets trying to figure out what will happen at tomorrow’s OPEC meeting in Vienna.

BT looks to accelerate re-entry to mobile arena

Nov 24, 2014 at 3:53 pm in General Trading by contrarianuk · Leave a Comment »

There was the surprising news today that BT Group are in talks to potentially acquire the O2 or EE business of Spanish company Telefonica.

Sentiment turns on Quindell

Nov 21, 2014 at 3:06 pm in AIM by contrarianuk · Leave a Comment »

After rumours of a cash crunch and an asset fire sale at Quindell the company was forced to issue a reassuring RNS yesterday that it had no current plans to sell its stake in Accident Repair Group. The shares fell as low as 42p on Wednesday, but bounced 30% yesterday on ARG clarification.

Salamander Energy shareholders left disappointed by Ophir Energy offer

at 2:51 pm in AIM by contrarianuk · Leave a Comment »

Shares in Salamander Energy, the South East Asia focused oil and gas explorer, fell 17% on Tuesday when it was announced that a consortium led by Cepsa were walking away from a possible deal.

Finally some good news from Outsourcery

Nov 20, 2014 at 12:09 pm in AIM by contrarianuk · Leave a Comment »

Cloud Services Provider that has struggled with poor income and a high cost base in recent months. In mid September the company issued its first half results and they weren’t great reading with the promise of future rewards for patient investors.

Fitbug continues journey into stratosphere

Nov 19, 2014 at 12:37 pm in AIM by contrarianuk · Leave a Comment »

Back in late October I wrote a piece about health and fitness accessory company, Fitbug Holdings (FITB) and its remarkable climb from 0.4p to as high as 7.5p as it announced distribution deals with Sainsbury and Target for its Fitbug wearable fitness devices…

Never a dull moment at Quindell

Nov 18, 2014 at 1:46 pm in AIM by contrarianuk · Leave a Comment »

After days of steep share price falls in Quindell, it was inevitable that board changes would be demanded by the institutions and last night Sky news confirmed that Chairman Rob Terry and two other directors would be departing the company after entering into a controversial share sale / purchase agreement with Equities First Holdings.

Another MOU for Xcite Energy but Field Development Plan remains key

Nov 17, 2014 at 10:36 am in AIM by contrarianuk · Leave a Comment »

Xcite Energy, the owner of the North Sea heavy oil Bentley field, has today announced it has entered into a Memorandum of Understanding with China Oilfield Services Limited (COSL), which sets out the principles for the provision of a new-build Keppel FELS N Class Plus, harsh environment jack-up drilling rig…