LSE Market News

Barclays plc (LSE:BARC) has finally named its new Chief Executive Officer and it turned out to be one of its own. Antony Jenkins, who, before today, was head of Barclays’ Retail and Business Banking, was chosen amongst internal and external candidates for the post in a search that, according to the bank’s outgoing Chairman Marcus […]

The summer campaign to stop the chairman of AIM listed IFA Group Lighthouse (LSE:LGT) from taking the company private and then to have him booted out and replaced by former CEO Allan Rosengren has almost been won. Rather than face a second humiliation in two months at a forthcoming EGM called to boot him out, […]

I argued a few weeks ago on t1ps.com that AIM listed solar wafer producer PV Crystalox (LSE:PVCS) should shut its operations at once and return all its cash to shareholders. The share price is 7.9p valuing PV at £32 million and the company (as at the half year) had net cash of 122 million Euro,   […]

UPDATED: Pan African Resources plc (LSE:PAF) is to sell its Manica Gold Project  in Mozambique for Au$6 million in its plan to focus on its assets in South Africa but will still hold an indirect interest in the project, the company announced Wednesday, 9th August 2012. In a statement, the company revealed it has entered […]

UPDATED: Condor Gold plc (LSE:CNR) has concluded its drilling programme at its 100% owned La India Project in Nicaragua and said it is ready to present an updated resources estimate by September 2012. Eleven holes were drilled during the final phase of the programme for a combined depth of 1,890 metres and encountered mineralisations of […]

Sincere apologies but thanks to a well known website beginning with A, I have been using the wrong issued share capital in calculating a valuation for AIM listed oil penny share Range Resources (LSE:RRL). There are not 1.129 billion shares in issue but 2.357 billion.  Oh dear. This does nothing to alter the sell case […]

Having enraged half the lunatics who fall in love with small oil shares and post demonically on Bulletin Boards with my bearish remarks about AIM listed oil exploration stocks Range Resources (LSE:RRL) and Red Emperor (LSE:RML) – and having been vindicated already – it is time to piss off the other half with a few […]

The second Puntland well is a duster. No oil. Game over. Consequently you should not wait for the next promote – as soon as you can sell shares in AIM listed oil stocks Red Emperor (RMP), Range Resources (RRL) and TSXV listed Horn Petroleum. I warned you to sell Range on Friday. Predictably I got […]

Following on from my comments about Range Resources (LSE:RRL) on Friday I have become far more convinced that the shares are, at 4.86p, a sell.  You can read the original analysis HERE. There are two reasons for my strengthening view that this is not a stock to own in fact I would wait until the […]

It’s been three months since shareholders demanded the head of former Aviva (LSE:AV.) CEO, David Moss, on a platter.  He escaped with his head still attached.  Chairman John McFarlane has guided Aviva through the last quarter relatively unscathed amidst shareholder-welcomed talks and efforts at restructuring and streamlining the FTSE 100 insurer’s business.  Aviva’s share price […]