Friday, 25 May Proactive Investors Artjom Hatsaturjants, research analyst at Accendo Markets, said: “The stronger USD is already representing a headwind for safe haven yellow metal even with the revival of geopolitical concerns. Today’s news sees Centamin’s share price accelerate its retreat from recent highs, investors jumping ship amid a more uncertain outlook, sceptical about…
“The trend is your friend”. Everyone must have heard this famous investor adage get dusted off every time someone asks for advice on how to trade shares. You see a stock that is trading in a clear trend, upwards or downwards, you grab on to it and you run your profits until the trend stop….
Shares in gold miner Centamin plunged over 17% as company was cutting production guidance at its flagship Sukari gold mine in Egypt. Persistently lower grade output means production came in 10% below forecast, blamed on geological limitations. The company expects Q2 to disappoint, but Q3 and Q4 to be better and so has left FY…
Not good news for UK housebuilders today, if the AGM trading update of brick and tile maker Ibstock is anything to go by. The latter’s shares trade 6% lower on news that an extended Winter made for a slow start to the year. Volumes have begun to recover, but it still expects performance to be…
Babcock International shares were +3.5% after company reported FY underlying pre-tax profit and revenues just shy of expectations and although net debt fell 5%, so too did the order book (-5.3% to £18B). The defence and engineering contractor’s bid pipeline nonetheless grew to £13B (+23.8%), for a total of £31B in visible future revenue, indicating…
Shares in Inmarsat trade 13% lower, back around April’s 7.5yr lows, on overnight news that, as of 2020, it will no longer have the global monopoly on international onboard maritime distress communication, mandatory for ships exceeding 300 gross tonnage. This comes after the UN’s IMO (International Maritime Organization) finally signed off on Iridium Communications’ own…