The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
Gazprom Adopted TOG Britain’s Timan Oil & Gas (TOG) has sealed a memorandum with Zapsibgazprom, where Gazprom owns 79.69 percent. According to analysts, TOG attracted Zapsibgazprom to the projects as a guarantee against potential difficulties that the foreign companies apprehend for Russia’s activities. Britain’s Timan Oil & Gas Plc. (TOG) announced yesterday it sealed a cooperation memorandum with Gazprom’s Zapsibgazprom October 22. The memorandum is of no binding nature yet and provides for Zapsibgazprom’s participation in development and exploration of TOG’s reserves of crude oil and gas (estimated at 438.7 million tons under the C3 category). The result could be investments of up to $500 million, TOG said.
Oil & Gas. Timan Oil & Gas makes strategic alliance with Gazprom subsidiary Gazprom's largest subsidiary, Zapsibgazprom, signed an MOI to set up a strategic partnership to explore and develop oil and gas fields with Timan Oil & Gas Plc (TOG), Reuters reports. The memorandum envisages a $500mn investment and technological support for E&D activity at TOG's fields in Timan-Pechora and the Caspian Sea shelf. It also allows Zapsibgazprom to acquire a stake in TOG. We expect the partnership with Gazprom to prove a clear positive for TOG, as it would enhance the independent's administration resources and add momentum to TOG's E&D activity thanks to the $500mn investment. We do not rate TOG. We rate Gazprom a Buy, with a 12-month target of $14.8.
and buy pressure still 4x...
maybe close at 13.75 (or maybe not)the buy pressure is 4 x
its been throttled back for the last few days, possibly to enable Lehman Brothers International and others to top-up (in a not very liquid share) the buy side on L2 looks good...but its a volatile share and may remain so until the Gazprom 25% buy-in has been sorted out
its falling back on profit taking...maybe if you wait a while...(as always just an a point of view)
lol...thats 585% ....I should be so lucky
...how much is that since you bought D? 150%???
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Q3 2007 Highlights * Q3 revenue up 8.0% to $139.6 million (2006: $129.2 million) * Q3 EBITDA up 8.8% to $97.3 million (2006: $89.4 million) * Profit before tax up 25% to $33.6 million (2006: $26.9 million) * Q3 BGAN revenue $10.2 million up 28% sequentially on Q2 * BGAN subscribers reach 13,874 (2,092 additions in quarter)
Electrocomponents Interim Results RNS Number:3249H Electrocomponents PLC 09 November 2007 HALF-YEARLY FINANCIAL REPORT Electrocomponents plc, the major international high service distributor of electronic, electrical and industrial supplies, today announces its results for the half year ended 30 September 2007. SUMMARY RESULTS H1 2007/08 H1 2006/07 Revenue #443.8m #422.4m Profit before tax - headline #40.4m #36.3m Profit before tax - reported #39.4m #35.6m Earnings per share - headline 6.1p 5.5p Earnings per share - basic 6.0p 5.4p Interim dividend per share 5.8p 5.8p Growth in headline profit before tax at constant foreign exchange 13% 4%
Hornby Plc ("Hornby"), the international hobby products group, has today announced its interim results for the half year ended 30 September 2007. * Turnover up by 37% to #24.6 million (2006 - #17.9 million) * UK and Overseas subsidiaries delivering sales growth * Pre-tax profits up to #2.6 million (2006 - #1.8 million)* * Earnings per share up to 3.84p (2006 - 3.16p)* * Digital Technology Platform driving model railway and slot car demand * Airfix and Humbrol brands re-launched * Vodafone McLaren Mercedes Team and Transformers licences boost slot car product sales * Interim dividend of 2.7p proposed (2006 - 2.5p)
it would be nostalgic to think that they will move up 10% plus...
quite heavy buying reported after the close...