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You are browsing the archive for 2014 May.

Iron ore at $100 a tonne hits major mining groups

May 18, 2014 at 8:02 am in General Trading by contrarianuk · Leave a Comment »

It felt like the worst could be over for UK listed mining stocks. But the positive mood didn’t last long towards the end of the week, with Rio dropping 2.5% to £32.86 and BHP Billiton falling 1.5% to £19.53 on Friday as the troubles surrounding the price of iron ore continued to plague the large mining groups.

More jam tomorrow at Xcite Energy’s Paris AGM

May 16, 2014 at 9:42 am in AIM by contrarianuk · 2 Comments »

The frustration continues for Xcite Energy shareholders following the AGM yesterday afternoon in Paris, with the shares down another 5% today after an 11% fall yesterday.

Borders and Southern disappoints investors as farm out proves elusive

May 14, 2014 at 2:44 pm in AIM by contrarianuk · Leave a Comment »

South Falkland basin oil and gas explorer, Borders and Southern (BOR), issued its preliminary results for 2013 today and unfortunately it didn’t contain the news that investors were hoping for.

Saga LSE IPO not heading for bargain price for early investors

May 13, 2014 at 9:12 am in General Trading by contrarianuk · Leave a Comment »

Another big IPO is due to hit the London Stock Exchange shortly with Saga, the over 50 years of age focused financial services company.

Sentiment on the turn in bruised oil and gas sector?

May 12, 2014 at 2:51 pm in General Trading by contrarianuk · Leave a Comment »

The FTSE 350 oil and gas producers index has had a good last few weeks after a series of mergers and acquistions deals involving the likes of Heritage Oil and the Qatari’s as well as Glencore and Chad focused Caracal Energy.

With Dow Jones Industrials at record high where next?

May 10, 2014 at 7:30 am in Market Commentary by contrarianuk · Leave a Comment »

The Dow Jones Industrial Average closed up 32 points yesterday at 16,583, up 0.4% on the week, beating the previous all time high of 16,581 set on April 30. The Nasdaq Composite finished the week at 4,072, a drop of 1.3% for the week and the S&P 500 finished at 1,878, marginally down 0.1% for the week.

Fastnet’s Moroccan adventure shows wild cat drilling not for the faint hearted

May 9, 2014 at 6:14 am in AIM by contrarianuk · Leave a Comment »

Fastnet’s shares are down 44% over the last week to 6p. As highlighted back in April, wild cat drilling is risky and prone to failure…

Apple hits $600 a share this week, where next in 2014?

May 7, 2014 at 4:50 pm in General Trading by contrarianuk · Leave a Comment »

It’s amazing what a difference a year makes when it comes to Apple shares. Last summer the shares dropped as low as $388. This week they had bounced back all the way to $600, their highest since October 2012 but still off their highs in September 2012 when they hit $700. The current market cap is $512 billion.

UK supermarket sector in focus this weeks as Sainsbury and Morrisons announce figures

May 6, 2014 at 10:31 am in General Trading by contrarianuk · Leave a Comment »

A big week for UK supermarket shares this week with Sainsbury reporting on Wednesday, Morrison’s on Thursday.

Xcite Energy announces collaboration with Statoil and Shell

at 6:35 am in AIM by contrarianuk · Leave a Comment »

A very interesting RNS for Xcite Energy shareholders this morning. Its been a frightening drop to the current share price from the highs of over £4 in 2010. With the current market cap at around £200 million with 257 2P reserves and with sentiment gradually improving in the oil and gas sector…