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April 2012

Afren Strikes Significant Oil in Kurdistan

17 Apr 2012 @ 15:39
Upstream oil and gas explorer Afren plc (LSE:AFR) announced it has encountered “significant oil accumulation” in its Ain Sifni asset in the Kurdistan Autonomous Region of Iraq, sending shares up 10% in early morning trading to 148 pence per share. Basing the results from drilling, wireline logs, and sidewall core sampling, the Simrit-2 exploration well […]
 

Manroy Strengthens Foothold in US Weapons Market

17 Apr 2012 @ 14:13
Manroy Plc (LSE:MAN) announced today that the U.S. Department of Defense had novated contracts worth £6.6 million to its subsidiary Manroy USA (aka MUSA). The Contract & Its Impact Terms of the contract specify that MUSA will supply barrels and bolts for the M2 Heavy Machine Gun. MUSA will supply £4.9 million worth of barrels […]
 

Shareholder pillaging a growing trend?

17 Apr 2012 @ 10:02
It’s very hard to write a blog when you don’t fancy buying any stock. Stocks look ugly to me at the moment in the same way as people look ugly in a packed underground train. My portfolio has been, and is being, kicked – which is to be expected as it is a very high […]
 

Google Announces Stock Split with Impressive Q1 Earnings

13 Apr 2012 @ 15:47
In an announcement made Thursday night, Google told investors that it would be splitting its stock in a move meant to preserve the senior leaderships’ control of the company. The decision came as the web powerhouse surprised analysts with higher than expected first quarter earnings. Net income was $2.89 billion, up 60% from the first […]
 

Goldman Fined over Information Leaks

13 Apr 2012 @ 13:20
Goldman Sachs (NYSE:GS) , the controversial New York based investment bank, has been fined $22 million by the U.S. Securities and Exchange Commission (SEC) for reportedly tipping off top clients about stocks. The SEC alleges that between 2006 and 2011, information from weekly equity research meetings between the firm’s analysts and traders was leaked to […]
 

NBNK Takes the Lead on Lloyds Branch Deal

12 Apr 2012 @ 16:31
NBNK Investments (LSE:NBNK), an investment vehicle focused on domestic banking, appears to have become the leading bidder for 632 Lloyds Banking Group branches.  Lloyds is attempting to sell the branches as a condition of being bailed out by the government in 2008. NBNK is reportedly willing to bid between £1.5 million and £2 million according […]
 

Stellar Diamond Frustrated Over Kono Licence Dispute

12 Apr 2012 @ 15:27
Stellar Diamond (LSE:STEL), a West-African focused diamond mining and exploration company, announced today that its licences in the Kono region of Sierra Leone may well be in jeopardy. The Licences, initially granted in January of 2005, allow the company to carry out its operations in the region. The licences were renwed in May of last […]
 

Monitise Ready to Expand to Indonesia

11 Apr 2012 @ 16:24
Monitise (LSE:MONI) continued to expand its global influence in the field of mobile banking today with the announcement that its new joint venture inIndonesia is ready to begin operations. The Joint Venture The joint venture between Monitise Asia Pacific and Astra Graphia Information Technology has been dubbed PT AGIT Monitise Indonesia. The new company has completed the construction and...
 

Matra Petroleum Announces New Strategic Investor

11 Apr 2012 @ 16:18
Matra Petroleum (LSE:MTA), an independent oil exploration and production company with major operations in Russia, announced today that it has entered an agreement with Mr. Maxim Barskiy. Barskiy has agreed to buy 575 million new shares at a price of 0.8p per share, totalling £4.6 million. Pending shareholder approval, Mr. Barskiy will obtain a 29.8% […]
 

CDC Seeks Interest in their Copper Project in the Philippines

11 Apr 2012 @ 15:56
Philippines-focused Copper Development Corporation (LSE:CDC) is seeking a trade sale or a joint venture of its Hinoba-an Project, south of the country, following the release of a Comprehensive Technical Report (CTR) that referred to the project as “financially attractive”. Background Story The Hinoba-an Project, located in the island of Negros 700 kilometres south of the […]
 
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