It’s mixed signals from the Housing sector today with Foxtons swinging to an H1 loss due to weak London sales (group revenues -9.5%) and scrapping its dividend. The latter is normally the last thing companies wants to do, removing an element of support for the shares. Then again the shares weren’t even yielding 1% recently,…
Calling the bottom (and top!) can be exhilarating; buying at the low, watching the profits rise, closing at the high. We saw several instances of this strategy paying off this week, with sharp negative reactions followed by swift recovery rallies. Cobham opened -20% yesterday to finish -10%; BP opened -2% this morning but it’s now…
All Tech stocks may seem equal. But some are more equal than others. The recent US tech rally produced some spectacular equity gains, but the latest corporate results may have finally separated the wheat from the chaff. Here’s how we separated them. By now, everyone must have heard about Facebook’s embarrassing 19% ‘face-plant’ that wiped…
Friday, 27 July Proactive Investors “The shale deal presents a promising opportunity for BP to reverse many years of underinvestment,” said Artjom Hatsaturjants, analyst at Accendo Markets. http://www.proactiveinvestors.co.uk/companies/news/201734/city-reacts-to-bps-us105bn-us-shale-deal-with-bhp-billiton-201734.html Thursday, 26 July AFP “Total is also benefiting from reopening of Libya’s oil exporting capacity,” Accendo Markets research analyst Artjom Hatsaturjants told AFP. https://mg.co.za/article/2018-07-26-europes-energy-giants-reap-benefits-of-oil-price-surge Wednesday, 25 July…
The oil supermajor BP announced this morning that it will purchase $10.5bn worth of US shale oil assets from BHP Billiton, marking a triumphant Stateside return. A widely-maligned energy company is looking to revitalise its upstream capacity by adding additional 190K barrels of daily oil equivalent production after many years of retrenchment and miserable…
Announcements of new share buybacks are traditionally greeted by share price rises, the expectation being that the company buying lots of shares will push the price higher, or at least support it, thanks to a forced buyer being out there. But that’s not the case this morning for either Shell ($25bn 2018-20; $2bn in next…