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I bottled and took my profit. I put a close stop on at 479 and it triggered when I left the room for a few moments. I would really like to have let it run a bit, but so often I have done that and seen my profits quickly wiped out and had to either wait an age for it to come back up again or take a loss. I dont quite trust the markets at the moment, so a profit is a profit as they say. I think this definitely has some way to go, so I shall watch closely, same with BAB. Rory thanks for getting me to look at vtg! I am very careful about following "tips" but after DMOR I did think it was a good one - thank you!! What else are you watching / into? Mine have been / are Barclays / XTA / KAZ / HOIL / BHY/ WSM / . The last of which I thought I had got into at a good low today (510) only to find it go much further south. Blast! I am watching XTA KAZ and BARC carefully for a reentry point. Cheers
Doesnt seem that bad, and going forward WSM look as if they have a sound order book etc. But this has dropped a lot today - I have looked for other news but cant find any reason for this drop. Can anyone enlighten me?
yes a bit sluggish considering the results were good reading. Perhaps its the usual thing - the real upswing happens on the rumour not t he news. I am always running behind the rumour! It does seem a bit slow generally today on everything I am holding............. so perhaps a bit of patience is needed........... which I need to get better at!
30/3/09 By Nic Fildes VT, which previously traded under the famous shipbuilding name Vosper Thornycroft said it would exit the shipbuilding business in January through the sale of its 45pc stake in the BVT Surface Fleet joint venture to its partner BAE Systems. VT said on Monday that it was on track to complete the sale in July this year through the exercise of a put option that will bring down the curtain on almost 150 years in the shipbuilding sector
LONDON (ShareCast) - Broker KBC Peel Hunt believes the recent lack of enthusiasm for Babcock International’s shares is down to exaggerated fears about public sector spending. The broker believes the recent share price underperformance is unwarranted and has upgraded the stock to ‘buy’ from ‘hold’, with a price target of 550p. ‘We believe that the current valuation offers upside not least given the secure earnings streams and modest scope for FY 2010 upgrades arising from the momentum in Marine Services,’ said KBC analyst Andrew Nussey. ‘Furthermore, the steps taken to reduce the P&L [profit & loss] volatility arising from the pension schemes has improved the underlying quality of earnings,’ Nussey added. Singer Capital Markets, meanwhile, has a price target of 570p and is retaining its ‘buy’ recommendation after Babcock’s profits came in 2% of the broker’s forecasts. ‘Our FY’10E projections are likely to remain unchanged but bottom of the range forecasts could edge up,’ predicted Singer analyst Kean Marden.
Supply chain issues slow Wellstream Date: Tuesday 12 May 2009 LONDON (ShareCast) - Supply chain and materials processing issues have dented profitability at Wellstream Holdings but otherwise the flexible pipeline supplier said trading remains broadly in line with expectations. The company said the problems have reduced profitability by around £7m or £8m this year. Trading conditions have been challenging and there has been some ‘volatility in input costs’ but management has been encouraged by the group’s performance, and expects the market to remain strong, especially in Brazil. The group has a strong order book, underpinned by orders awarded from the Petrobras Framework Agreement, which has secured more than 85% of 2009’s anticipated revenues
bringing them back in line with the average of $2,123 per carat for the whole of 2008. During the final three months of the year, the company sold a 478 carat diamond, the 20th largest rough diamond ever recovered, for $18.4 million, or $38,387 per carat. (Reporting by Eric Onstad, editing by Will Waterman
This one is going down lower than its usual low isnt it? Saw this item on Reuters, which I would have thought would be helpful to the sp. Anything else going on that I havent spotted? LONDON, Feb 2 (Reuters) - Miner Gem Diamonds Ltd (GEMD.L), which warned in November that it might make a loss in 2008, said on Monday it expected better performance this year after a cost-cutting exercise. The firm, which has mines in Lesotho, Australia and Indonesia, said it conducted a review in response to the global economic downturn that has hurt the diamond sector. "Every single asset was reviewed, exploration and long-term development expenditure was significantly reduced and, wherever possible in the producing assets, costs have been substantially cut," a statement said. "The economic crisis has caused management to adopt the remedial measures outlined above, which should significantly improve the cost base and improve performance in 2009." On Dec. 15, the firm said it would shut down operations at its Cempaka mine in Indonesia due to low diamond prices. The firm, however, said on Monday that diamond prices at the firm's flagship Letseng mine in Lesotho had held up well during the fourth quarter, despite the global economic crisis that has hit overall diamond values. Prices for diamonds at Letseng, renowned for producing large and high-quality gems, rose 37 percent to $2,139 per carat compared with the third quarter, bringing them back in line with
Hi - as you know since having my fingers burnt elsewhere I have been cautious about doing anything, but have been looking at this one regularly and wishing I hadnt been so hesitant! Now not sure what kind of a low to expect on this one - do you think its going to fall right back or are you expecting its low to be around 380? Maybe I have missed the boat?