Thursday 21 March
QUOTE OF THE DAY
"A budget tells us what we can't afford, but it doesn't keep us from buying it.”
William Feather
Gold & Cyprus: A Do Or Die Moment For The Supercyle
CLICK HERE
by top technical analyst Zak Mir of Zaks-TA.com
THIS MORNING IN LONDON
FTSE 100
6,375.29
-57.41 -0.89%
FTSE 250
13,937.55
-93.13 --0.66%
FTSE 350
3,432.21
-29.76 -0.86%
FTSE All Share
3,364.76
-28.75 -0.85%
AIM 100
3,322.79
-19.96 -0.60%
AIM All Share
740.41
-3.40 -0.46%
13:45 pm
THOUGHT FOR THE DAY
Hello Share Shifters,
There is a terrible dilemma facing share folk who hold stock in a company that is the subject of take-over rumour. Should we believe the stories which have probably sent the share soaring? Or should we sell the thing, on the presumption that the share will soon return to the value from whence it came?
It all depends, of course, on whether we think the rumour has credibility. And that is very hard. I can’t advise you, but when I hold a share that is the subject of a strong rumour, I usually hang on. After all, the sick feeling I’d get if the share was taken over after I’d jumped ship would be hard to live with.
CLICK HERE for the full article
by Richard Gill
The decision by George Osborne to scrap the 0.5% stamp duty on AIM shares in yesterday’s Budget was quite rightly welcomed across the investment industry.
However, I have a number criticisms of the decision from the perspective of both AIM quoted companies and the typical private investor...
CLICK HERE for the full article
ADVERTISEMENT
Spreadbet on the UK banks at t1pspreadbetting.co.uk
- as well as other Equities, Stock Indices, Commodities, Bonds & Forex -
CLICK HERE to open an account at our brand new trading platform
REPORT OF THE DAY
Red Rabbit Gold Project looks likely to see construction begin in the 4Q 2013 pending a positive Environmental Impact assessment with production in 2014. Going forward joint venture partner is funding to gain a 50% stake.
Big potential uplift in value from a major gold discovery in Turkey through joint venture with Eldorado Gold Corporation in NE Turkey and a 11.5% stake in Tigris Resources in SE Asia. Agreement with Newmont will give Ariana access to a database on Turkey that took twenty years to assemble.
Valuation based on Ariana’s interest in the Kiziltepe Sector of Red Rabbit and the 49% interest in the Eldorado joint venture is 5.1p.
CLICK HERE TO DOWNLOAD THE FULL REPORT
THIS MORNING IN LONDON
Selling abates ahead of US data barrage
UK stocks were near their lows of the day by mid-session, weighed down by the much weaker than forecast manufacturing and services sector data out this morning in the Eurozone.
That came ahead of a barrage of macroeconomic statistics which were scheduled for release in the United States this afternoon and despite a much stronger than expected reading on retail sales this morning, courtesy of the Office for National Statistics (ONS).
Those increased at a 2.1% month-on-month clip in February, comfortably outstripping expectations for a gain of 0.4%. Even so, economists at Barclays Research pointed out that: "we think that despite the positive news it is too soon to call for a significant change in fortunes here (...)."
To drive the point home the bank's economists highlighted the fact that the most recent data showed inflation rising further and earnings growth falling unexpectedly, "suggesting the squeeze in real household incomes is set to continue and the outlook for retailing remains challenging."
As regards Cyprus, the Mediterranean country's banks are now expected to remain closed until next Tuesday, while the European Central Bank has committed to providing liquidity until Monday. The latter puts the onus on the government in Nicosia to find a viable solution by then.
Not all is bad news however. Thus, and acting as a backdrop, were the better-than-expected figures on Chinese manufacturing which were released in Beijing overnight.
As well, the Federal Reserve seems to have given little indication yesterday that it may be contemplating a reduction in the $85bn pace of its monthly asset purchases.
CLICK HERE FOR THE DAY'S FASTEST MOVING STOCKS
NEXT and AstraZeneca lead gains
Pharmaceuticals giant AstraZeneca has announced its intention to reduce the number of sales and administrative posts by 2,300, while at the same time increasing the number of experimental treatments.
UK retailer NEXT unveiled a rise in 2012 profits on Thursday, boosted by growth in 'on-line' sales and business expansion. Pre-tax profits climbed by 9.0% to £621.6 for the year to the end of January 2013, compared to £570.3m a year earlier.
The UK's largest water company, United Utilities, expects to report an increase in annual profits despite rises in depreciation and power costs. Ahead of results for the year ended March 31st 2013, the firm said it was trading in line with expectations as it "continues to drive improvements in customer service and operational effectiveness".
Electronics components supplier Premier Farnell said that market conditions remain tough as it reported a 3% decline in fourth quarter sales. Adjusted operating profit for the 13 weeks ended February 3rd fell 3.4% to £23.9m while total revenue fell to £239.3m after a weak performance from MDD Americas.
Brewin Dolphin Holdings has appointed former Morgan Stanley boss David Nicol as Chief Executive Officer after Jamie Matheson resigns as Executive Chairman.
Shares of construction outfit Berkeley are lower after Deutsche Bank downgraded the shares from buy to hold while at the same time increasing its target price from 1941p to 2211p.
Royal Bank of Scotland is progressing on the sale of the 316 branches regulators are forcing it to sell, with some of the UK's biggest fund managers squaring off against US private equity firms, people with knowledge of the discussions said, Bloomberg reports.
CLICK HERE FOR THE DAY'S FASTEST MOVING STOCKS
WHAT THE BROKERS SAY
Drinks manufacturer A.G. Barr showed good momentum in its sales during fiscal year 2013, as the company concentrates on building distribution from its strong regional positions. Credit Suisse has increased its earnings per share estimates for British Sky Broadcasting by 5% in 2013 and 2014 after updating its forecasts to take into account recent results, mergers and acquisitions and share buybacks.
Eurasian Natural Resources Corporation (ENRC) will start to see substantial earnings growth next year as the miner's projects begin production, according to Credit Suisse on Thursday.
ASOS: Citigroup takes target price from 3000p to 4000p and keeps a buy recommendation. Deutsche Bank moves target price from 2600p to 3000p, while maintaining a hold recommendation.
Click here for the rest of the broker recommendations
THE LATEST ON THE CRAZY BOARD
The top 5 hot company threads on the Bulletin Board:
STRATEX INTERNATIONAL (STI)
EMIS (EMIS) (EGTON MEDICAL INFORMATION SYSTEMS)
SCAPA GRP
PLR - Plutus Resources
GOLDENPORT HOLDINGS (GPRT)
Click here to discuss shares with other ShareCrazy members
Regards,
ShareCrazy
No comments:
Post a Comment