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You are browsing the archive for 2014 December.

Weak iron ore price outlook bad news for global miners

Dec 29, 2014 at 11:40 am in General Trading by contrarianuk · Leave a Comment »

There has been plenty of focus on the plunging oil price this year, with Brent Crude currently trading at $60 a barrel, but the 50% fall in the price of iron ore to $67 a tonne, the lowest level for 5 years, shouldn’t be forgotten.

Big rebound in oil prices in 2015 looks unlikely

Dec 23, 2014 at 4:43 pm in Market Commentary by contrarianuk · Leave a Comment »

Comments yesterday from Saudi Arabia’s oil minister Ali al-Naimi that the kingdom was determined to maintain market share and would not cut production, even if the price of crude fell even further, makes it likely that oil prices will not rebound strongly from the current $60 level in 2015, without a major geopolitical event.

Dow Jones Industrials glide through 18,000 level for first time

at 4:14 pm in Market Commentary by contrarianuk · Leave a Comment »

The US markets are hitting all time highs once again as third quarter GDP growth came in at an annualised rate of 5% and better than expected sending the equity indices and dollar up.

Afren confirms that SEPLAT interested in combination after share price rally

Dec 22, 2014 at 10:27 am in General Trading by contrarianuk · 1 Comment »

Today Afren’s shares are trading at 55p compared with the 35p level last week, a rise of up to 16% on the day, as the company announces this morning that it has received a highly preliminary approach from SEPLAT Petroleum Development Company plc regarding a possible combination with Afren.

Fitbug soars again as it announces new distribution and marketing

Dec 19, 2014 at 9:15 am in AIM by contrarianuk · Leave a Comment »

Shares of wearable fitness specialist Fitbug (FITB) has been a little subdued of late after an amazing run that pushed them from 0.4p to 26p in little more than weeks after deals with Samsung, Target and Sainsbury.

Blood bath in small cap oil stocks continues

Dec 17, 2014 at 10:47 am in AIM by contrarianuk · Leave a Comment »

Brent Crude is currently down around half a dollar to $59.5 compared with $115 in June. The implications for small and mid cap oil shares has been dramatic with their share prices in free fall over recent weeks. With the price of oil so stable for so long at over $100 a barrel, most companies were developing projects on the basis that the price per barrel was unlikely to drop below $80, never mind $60, levels last seen in  [read more →]

Students who claimed they made millions on the stock market made it all up

Dec 16, 2014 at 11:20 am in Market Commentary by contrarianuk · Leave a Comment »

Yesterday the following article appeared in the New York Post that 17 year old High School students Mohammed Islam and Damir Tulemaganbetov had made millions playing the stock market. Now it appears that the story was completely made up…

JJB’s ex-boss Chris Ronnie jailed

Dec 15, 2014 at 11:35 am in Market Commentary by contrarianuk · Leave a Comment »

After the recent allegations of inappropriate supplier payments at Tesco which significantly flattered profits at the troubled company, today it was announced that Chris Ronnie, the former chief executive of JJB Sports, had gone one better by personally taking nearly £1 million from the company’s suppliers before it went bust in 2012.

Markets suddenly get the jitters

Dec 14, 2014 at 4:47 pm in Market Commentary by contrarianuk · Leave a Comment »

After the Dow Jones Industrials flirted with the key 18,000 level in the first week of December its been down hill all the way for the major stock market indices in the last week as investors have finally got jittery.

Soap opera continues at Quindell Portfolio

Dec 11, 2014 at 10:24 am in AIM by contrarianuk · Leave a Comment »

You couldn’t write a better story than the goings on at Quindell. One controversial piece of news after another! The shares fell as low as 25p yesterday, almost a 50% drop, as the company announced ex-Chairman Rob Terry sold over 25 million shares.