The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
judging by the after close buy of 250,000 someone thinks they maybe good...
now rising
http://www.themoscowtimes.com/stories/2007/11/08/046.html maybe they want more than 25%
LONDON (Thomson Financial) - Leading shares look set for opening losses today, following a sharp overnight decline on Wall Street, fuelled by investor concerns over spiralling oil prices, the weak dollar, a colossal 39 bln usd loss by General Motors, and news of a Morgan Stanley write-down after the bell. Spread bettors IG Index expect the FTSE 100 index to open about 76 points lower at 6,309.
* Profit (before tax) of $31.9m in the first nine months of 2007, compared to $5.4m in 2006
MINING RIGHT GRANTED FOR THE SMOKEY HILLS PROJECT Platinum Australia Limited (ASX: PLA) (AIM: PLAA) is pleased to announce that the Mining Right has been granted for the Smokey Hills Project, allowing on site construction and mining activities to commence. This should see site activities commence in late November, the open pit mining commence in January 2008 and the plant commissioning begin in June 2008. It is anticipated that the Project will achieve a production of 90,000 oz 4E PGM in 2008/9 and full production of 95,000 oz 4E PGM per annum the following year.
both Dow and Australian Stock Exchange closed down 2.6$ overnight...
but save for oil, gold and mining I closed out on Monday & Tuesday...
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31-OCT-2007 11:28 LONDON (Thomson Financial) - Oil and gas exploration company Coastal Energy Co said its shareholders have approved a reverse stock split of its shares. The company said it expects the split to become effective on Nov 7. TFN.newsdesk@thomson.com
oil @ 98$; £ now 2.094$
URALSIB (which was wedded to Lukoil)Bidder was not formally announced. The Financial Times reported this weekend that Gazprombank, the financial arm of Gazprom, is the bidder for a 25% stake in Imperial Energy (IEC LN – Not Rated). If true, we believe the news is positive for Imperial, since having Gazprom as a major shareholder would likely help solve the company’s problems with Russia’s environmental watchdog and decrease Imperial’s political and operational risks in Russia. But the proposed price is below the market price, a discount we believe is unwarranted, as Imperial is making good progress developing its operations, and we believe the shares are currently undervalued. In our view, Gazprom and Imperial are likely to enter into negotiations over the price, which will drive up the share price.
most helpful and interesting insight ...
Nov. 6 (Bloomberg) -- Crude oil rose in New York on speculation increased production at U.S. refineries drew down stockpiles for a third week.
Friday and yesterday were public holidays in Russia...
well worth the wait
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The Medical House PLC Extension to Major Development, Licence and Supply Agreement #3m in near term payments - #2m payable immediately The Medical House PLC ("TMH" or the "Company") (AIM:MLH), the drug delivery specialist, is pleased to announce that it has agreed to extend the term of the Development, Licence and Supply Agreement for its ASI disposable autoinjector which was signed in December 2006 with a leading global pharmaceutical company. TMH has recently commenced work on the pre-commercial phase of the agreement's development programme. The original agreement was for an initial supply period of five years with projected revenues to TMH of #27 million, of which #18 million was for technology access, or licence, fees. The agreement now has an initial supply period of at least six years and, at the request of TMH's partner, may be extended to approximately 16 years. Revenue projections for the revised agreement are now c. #34 million of which c. #23 million are for licence payments in respect of TMH's proprietary ASI technology. The minimum payments to TMH under the agreement are also being increased to #20.5 million over the revised initial six-year term of supply, of which c. #15 million is in licence fees.
Infonic plc, (IFNC) the AIM-listed provider of innovative information management software, has been awarded a major contract with the EDS-led, ATLAS Consortium ("ATLAS") for the supply of software licence and maintenance to the UK Ministry of Defence ("MoD") totalling a minimum of #8.3 million ($17.3 million). Software with a value of #4.1 million ($8.5 million) will be delivered within the first 90 days of the contract with the balance comprising contracted maintenance and services to the value of #4.2 ($8.7) million over a 7 year period.