Member Info for RazorsEdge

Wow Rebess congrats on getting the info prior to our man on the street Cowichan.

Joking aside I have a vague recollection that the only two companies which were not covered or confirmed by the Egyptian media on the mining licenses were Barrick and Centamin except for a rumour that one of Barricks new concessions is beside Sukari... Anyway let’s hope it’s a positive for Centamin but in the meantime congratulations on your find.

A surge in online sales has prompted Next to boost its forecasts and say that profits will recover almost entirely this year despite continuing Covid-19 restrictions

Subscription only:

https://www.thetimes.co.uk/article/next-clothes-itself-in-glory-with-online-surge-n3tfcshnv

Paul Jourdan, the Citywire AAA-rated manager of the Amati UK Smaller Companies fund, is backing Atalaya Mining (ATYM) to benefit from the commodities upswing.

The manager of the £630m fund has made a number of commodity-related plays in recent months as the price of grains, oil and metals have all pushed higher in what many have called the beginning of a commodity supercycle.

Among his commodity-focused stocks is Atalaya Mining, the fund’s seventh largest holding, making up 2% of the portfolio.

‘Atalaya Mining rose over 22% as investors bought stocks exposed to commodity price inflation, including copper, which is mined by Atalaya in southern Spain,’ said Jourdan, in the fund factsheet covering February.

‘China consumes over 50% of global supply, and is growing fast as it emerges from the pandemic.’

The shares closed up 0.6%, or 2p, at 313p on Thursday, putting them just over 5% down over March.

Broker Peel Hunt has upgraded estate agent Foxtons (FOXT) on the back of a recovery in the London residential property market.

Analyst Sam Cullen upgraded his recommendation from ‘hold’ to ‘add’ and nearly doubled the target price from 36p to 70p on the stock, which closed up 0.2%, or 0.1p, 63.7p on Thursday.

‘With the London sales market in recovery, we increase our estimates and upgrade our recommendation. Foxtons remains the purest way to play recovering transaction volumes in London,’ he said.

He added that the acquisition of rival Douglas & Gordon looked like ‘a good fit’.

‘Our new estimates could prove too low given the market’s current momentum and operational leverage in the business,’ said Cullen.

‘The balance sheet remains in good shape following the equity raise, and further M&A is possible in the latter part of the year.’

The fundamentals of financial services group Equiniti (EQN) remain strong, but Liberum is conscious that the timing of a recovery looks uncertain.

Analyst James Allen retained his ‘buy’ recommendation and target price of 170p on the stock, which closed up 0.6%, or 0.8p, at 130p on Thursday following results.

Full year cash earnings per share came in 1% ahead of the broker’s estimate of 9p. However, despite ‘a resilient customer base’, Liberum reduced its 2021 cash earnings per share estimate by 10% given ‘the uncertainty over the timing of the recovery’.

‘The shares are trading on a revised current year 2021 price/earnings [ratio] of 14.1x, which we see as an attractive entry point given the positive extension of the MyCSP contract (a joint venture between Equiniti’s pension business and the Minister for the Cabinet Office), the strength of the non-cyclical revenue base, and the potential for a rebound in client demand post-Covid-19, despite the uncertainty over the timing,’ said Allen.

Equipment rental firm Ashtead (AHT) has an opportunity to increase its market share in its ‘specialty’ division, says Jefferies.

Analyst Will Kirkness retained his ‘buy’ recommendation and target price of £54.00 on the stock, which closed up 3.4%, or 146p, at £44.73 on Thursday.

Kirkness honed in on the opportunities in the firms ‘specialty’ arm, which has seen the group move into portable power, disaster recovery and facilities maintenance.

‘Ashtead target 15% market share in the medium term, from 10% now, and $2bn of speciality revenues,’ he said.

‘We think market share could increase to 20% by full year 2031 and that the specialty business could be worth $5bn, or 35% of group revenues.’

The pandemic response from Next (NXT) has been ‘impressive’, which has been reflected in its profitability, but investors will now be looking for the retail giant to reinstate its dividend, says AJ Bell.

The high street bellwether lifted its full year profit expectations by £30m as surging online sales offset store closures, but it failed to bring back either its dividend or share buybacks.

‘The company’s ability to respond to the pandemic has been impressive and is reflected in its continuing profitability, with profit notably expected to return to roughly pre-Covid-19 levels in the current financial year,’ said analyst Russ Mould.

‘This will increase anticipation that the company will resume dividends – a move it is resisting for now – sooner rather than later.’

Mould said that the company still needs to work to retain new online business in the under-20s and over-60s age groups.

‘Supporting its ability to do so is a willingness to change in order to cater to customer tastes by, for example, carrying third-party brands on its site and apps,’ he added.

The shares closed up 3.2%, or 248p, at £81.14 on Thursday, after the company published full year results.

Looking strong indeed Steve, Gold popping at $1717.+
I believe that’s a good 1% higher than yesterday price at 4:30

Good day ahead

Shares on major European stock markets were higher during premarket trading on Thursday ahead of the release of several economic data reports.

Traders were awaiting retail sales figures for Germany, as well as manufacturing data for the euro area, the United Kingdom and Germany. Shares in the Asia-Pacific region also pushed higher following manufacturing data for China, which signaled continued expansion in the world's second-largest economy despite the coronavirus pandemic.

The DAX rose 0.14% at 7:30 am CET, while the FTSE 100 climbed 0.24%. The euro declined 0.11% against the dollar at 7:40 am CET, buying 1.17174,

Breaking the News / JC

Shares on major European stock markets were higher during premarket trading on Thursday ahead of the release of several economic data reports.

Traders were awaiting retail sales figures for Germany, as well as manufacturing data for the euro area, the United Kingdom and Germany. Shares in the Asia-Pacific region also pushed higher following manufacturing data for China, which signaled continued expansion in the world's second-largest economy despite the coronavirus pandemic.

The DAX rose 0.14% at 7:30 am CET, while the FTSE 100 climbed 0.24%. The euro declined 0.11% against the dollar at 7:40 am CET, buying 1.17174,

Breaking the News / JC

BUY Gulf Keystone Petroleum; BUY Inspired Energy

Subscription only:

https://www.thetimes.co.uk/article/calm-restored-bodes-well-for-investors-drsh67hwb

BUY Gulf Keystone Petroleum; BUY Inspired Energy

Subscription only:

https://www.thetimes.co.uk/article/calm-restored-bodes-well-for-investors-drsh67hwb

Tullow Oil (TLW) has had a tough time but its full year results showed a ‘significant improvement’ in the sustainability of its oil production, according to Berenberg.

Analyst James Carmichael retained his ‘hold’ recommendation and increased the target price from 35p to 45p on the stock, which closed down 0.8%, or 0.4p, at 47p on Wednesday.

Carmichael said there were ‘encouraging signs’ in the group’s 2020 results, ‘notably the significant improvement in the reserves replacement ratio’, which measures whether a drilling company is doing enough to sustain future production.

‘Poor performance here has been key to our reluctance to give credit for the significant potential value in the contingent resource base,’ he said.

‘We adjust out price target to 45p and retain our “hold” rating while the refinancing is finalised and improved operations become more established, but flag a more optimistic outlook if early progress can be maintained.’

Of course strictly speaking this has nothing to do with anything but today’s volume thus far is pretty impressive.

Vol. Sold: 2,200,791

Vol. Bought: 16,177,443

European stocks declined in premarket trading on Wednesday as investors awaited a slew of economic data, including GDP numbers from the United Kingdom. unemployment figures from Germany and Eurozone inflation data.

The FTSE 100 lost 0.18% at 7:22 am CET, the DAX fell 0.30% at the same time and the CAC 40 was down 0.14% at 7:11 am CET.

The euro decreased 0.06% against the dollar to go for 1.17093 at 7:23 am CET and the pound traded 0.14% lower compared to the greenback, going for 1.37224 at 7:24 am CET.

Breaking the News / NP

Happy hump y’al

European stocks declined in premarket trading on Wednesday as investors awaited a slew of economic data, including GDP numbers from the United Kingdom. unemployment figures from Germany and Eurozone inflation data.

The FTSE 100 lost 0.18% at 7:22 am CET, the DAX fell 0.30% at the same time and the CAC 40 was down 0.14% at 7:11 am CET.

The euro decreased 0.06% against the dollar to go for 1.17093 at 7:23 am CET and the pound traded 0.14% lower compared to the greenback, going for 1.37224 at 7:24 am CET.

Breaking the News / NP

Happy hump y’al

Shares on the major stock market indexes in Europe traded with gains in the premarket on Tuesday as the investors monitored the news regarding the COVID-19 vaccine rollout across the continent.

A study issued the day before hinted that the jab developed by Pfizer, as well as the one made by Moderna, offers 80% protection against the virus even before the second dose. Moreover, according to reports, Johnson & Johnson is set to start Europe deliveries of its single-shot vaccine on April 19.

The DAX rose by 0.42% at 7:26 am CET, while the FTSE 100 gained 0.37% a minute later. The pound moved 0.10% up versus the dollar, selling for 1.37760 at 7:29 am CET, while the euro stood unchanged against the greenback, going for 1.17639 at the same time.

Breaking the News / BU

Shares on the major stock market indexes in Europe traded with gains in the premarket on Tuesday as the investors monitored the news regarding the COVID-19 vaccine rollout across the continent.

A study issued the day before hinted that the jab developed by Pfizer, as well as the one made by Moderna, offers 80% protection against the virus even before the second dose. Moreover, according to reports, Johnson & Johnson is set to start Europe deliveries of its single-shot vaccine on April 19.

The DAX rose by 0.42% at 7:26 am CET, while the FTSE 100 gained 0.37% a minute later. The pound moved 0.10% up versus the dollar, selling for 1.37760 at 7:29 am CET, while the euro stood unchanged against the greenback, going for 1.17639 at the same time.

Breaking the News / BU

The esg shackles will soon come off and the share price will recover throughout 2021 ...

Leaving behind what has been a horrendous experience and learning curve for the company and shareholders alike.

Shares in Europe traded mostly above the flatline in the premarket on Monday, as the traders monitored the developments on the COVID-19 front. While French, Russian, and British officials came out with somewhat optimistic forecasts regarding the course of the pandemic, Germany's Chancellor Angela Merkel signaled that she could reach for the federal law in order to impose tighter COVID containment measures in the country.

The DAX advanced by 0.12% at 8:02 am CET, while the CAC 40 gained 0.16% at the same time. Meanwhile, in London, the FTSE 100 stood flat. The euro declined 0.17% versus the dollar, selling for 1.17740 at 8:04 am CET, while the pound decreased 0.19% compared to the greenback to go for 1.37658 at the same time.

Breaking the News / BU