LSE Market News

I recommended shares in Fiberweb (LSE:FWEB) in August 2009 at 60p as the market looked to have overly discounted the company’s debt burden given its cash generation and I thought its markets close to the bottom. The company has subsequently sold the majority of its ‘hygiene nonwovens’ business and resultantly now has a net cash […]

Shares of Central Asia-focused oil and gas explorer and producer Tethys Petroleum Limited (LSE:TPL) lost a sixth of its value earlier today as the market dumped shares following the company’s unfortunate news that its most recent exploration and appraisal well failed to duplicate the successes of the other wells drilled on the Akkulka Block in […]

Rockhopper Exploration plc (LSE:RKH), the first company to discover oil and gas in the Falkland Islands, has secured for itself funds to develop oilfields at the eastern side of the tip of the South American continent after the Government of the Falkland Islands has granted approval of the farm-out agreement the exploration company signed with […]

You know my views on all three stocks. More on Range (LSE:RRL) later but it is still a sell with a 1.5p target after today’s news. Sefton (LSE:SER) at 1.16p remains a sell down to 0.1p. At 13p  Qihang Equipment (LSE:QIH) is also a sell with a target price of 0.1p. But I note BB […]

Universe Group (LSE:UNG), a developer and supplier of payment and on-line loyalty systems, is a long-running, and long-running disappointment of a, recommendation from my past. I apologise to those who have lost money in the shares over the years due to me. Management cocked up and I should have bailed years ago, having tipped the […]

In the time it took me to write a brief update of the progress on the proposed merger of BAE (LSE:BA.) and EADS (EU:EAD) late this morning, the news changed.  It has now been confirmed that the deal is officially dead and that the two companies will not be asking government regulators for a 28-day […]

Ireland’s soon to be first offshore oilfield is going to inaugurate the  establishment of an oil industry in the country, courtesy of Providence Resources (LSE:PVR), which said today it can recover a mean estimate of about 280 million barrels of oil 50 kilometres from the coast County Cork. Providence disclosed today, it will be able […]

Give him his dues, Jim Ellerton, chairman of AIM listed oil penny share dreadful Sefton Resources (LSE:SER) took his public skewering, buggering and abject humiliation with some grace. But, make no mistake, his IR Shindig at London’s Armourer’s Hall last night was utterly disastrous. He might find a few more suckers to buy his stock […]

I recommended Bond International Software (LSE:BDI) on a website I now do not name at 73.5p in July 2009 in a belief that modest economic recovery would see sales and margins rebound from their then levels. The shares hit highs of nearly 90p later that year but subsequently suffered as economic recovery failed to emerge […]

Amidst the uncertainty of the global market and the volatility in the prices of commodities it produces, mining giant Rio Tinto is to assure its investors today that it is still an investment of choice, boosting confidence back at the City as shares rallied minutes before the company holds its investors seminar in London and […]