Share Name Share Symbol Market Type Share ISIN Share Description
Upstream LSE:UPS London Ordinary Share KYG7393S1012 ORD 0.25P (DI)
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +0.00p +0.00% 1.625p 0.00p 0.00p - - - 0 06:32:53
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
6.3 0.4 21.9 0.1 2.23

Upstream Share Discussion Threads

Showing 5951 to 5966 of 5975 messages
Chat Pages: 239  238  237  236  235  234  233  232  231  230  229  228  Older
DateSubjectAuthorDiscuss
23/1/2018
15:57
Wednesday preview: UK wages in focus, results for Sage, Wetherspoon's and WHSmith's (ShareCast News) - Investors in Sage, JD Wetherspoon and WH Smith will be looking forward to updates on Wednesday, while later all eyes will be on UK jobs market data. Further afield, there are manufacturing and services surveys for the eurozone and various EU states, with similar reports on the US later in the day. FTSE 100 accounting software group Sage will provide a trading statement on its first quarter, having flagged at its full year results that growth and profitability will "accelerate"in 2018 but not until the second half. Chief executive Stephen Kelly said he expects organic revenue growth for the 2018 financial year to be "around 8%" and with further cost efficiencies to offset any losses from growing the acquired businesses and enable an organic operating margin of "around 27.5%". Analysts at UBS forecast organic growth for the quarter to be below the 8% targeted for the year, likely around 7.0-7.5% notwithstanding "easy" comparatives from the previous year, including a 10% fall in licence revenues in the first quarter last year. "Subscription growth of 31% within recurring revenue growth of 9.6% represents a relatively demanding comparative." Elsewhere, builder Crest Nicholson will unveil full year results to the end of August, following a trading update in November where the company said it had delivered a 2.3% increase in completed units to 2,935 and grown revenue6-7%. UBS said it believed the key highlight of the results will be the underlying gross margin which it forecast to have increased by 50 basis points to 25.2%, resulting in an operating margin down 70bps to 19.7% in line with company guidance in the 18%-20% range. The Swiss bank estimated a pre-tax profit of �202m and EPS of 64.4p and said it will also be looking at current trading, where sales rates last year declined to 0.77 reservations per outlet per week due to higher-value developments being sold and a softer market in Central London. WH Smith will report on the first 20 weeks of its financial year after what Deutsche Bank called a watershed 2017, reflecting success across more than a decade to rapidly grow travel retail while also running high street for cash and modest profit growth. DB forecast high street like-for-like sales down 4% and travel LFLs up 2%. "Our Aug-18E FY headline/reported PBT forecast rises by 1.5% to �146m. This assumes a modest slowdown in UK Travel profit growth, which could prove conservative." JD Wetherspoon will serve up a trading update for its second quarter. At its full-year results in September, JD reiterated that given the cost pressures in its market, it will require 3-4% LFL growth just to keep margins flat in 2018. But the financial year got off to a good start, and Berenberg expect LFL momentum will remain strong, driven by the company's app launch last March and clear focus on price leadership. Analysts forecast circa 4.0% LFL growth for 2018. ECONOMIC DATA UK labour market data at 0930 GMT from the Office for National Statistics will reveal growth or contraction in employment and wages for December, after last week inflation was showing some mixed signals, with CPI slipping back to 3%, but RPI pushing above 4%. UK unemployment is expected to remain at 42 year lows of 4.3% for a sixth consecutive month, according to the consensus of economist forecasts, though average earnings are not expected to have changed from the prior month, at 2.3% excluding bonuses or 2.5% including. Analyst Michael Hewson at CMC Markets said it is more important than ever that wages growth shows further signs of edging higher in the three months to November. "The omens look positive having seen a significant increases in the minimum wage start to show up in the numbers." Pantheon Macroeconomics noted salaries for new hires are picking up, but the recent fall in consumer confidence suggests that job-to-job flows will decline, easing the pressure on firms to pay more to retain staff. RBC Capital Markets even expects average earnings measure to both ease to 2.4% and 2.2%: "The more sensitive news for markets on pay growth is likely to come when the MPC update their expectations at the February Inflation Report in light of the regional agents' annual pay settlements survey." Looking at jobs, RBC pointed to employment intentions surveys that have been more upbeat than the actual ONS data in recent months. "So whilst the survey evidence tells us it is too soon to get carried away with recent declines in the official measure of employment, it would represent a very strong outturn if the 3m/3m employment change recovered to a positive reading, after a decline of 56k last time." Wednesday 24 January INTERNATIONAL ECONOMIC ANNOUNCEMENTS Crude Oil Inventories (US) (15:30) House Price Index (US) (14:00) MBA Mortgage Applications (US) (12:00) PMI Composite (GER) (08:55) PMI Manufacturing (GER) (08:55) PMI Services (GER) (08:55) UK ECONOMIC ANNOUNCEMENTS Unemployment Rate (09:30) Claimant Count Rate (09:30) FINALS Crest Nicholson Holdings, Staffline Group TRADING ANNOUNCEMENTS Antofagasta, Crest Nicholson Holdings, Empresaria Group, Fresnillo, Getbusy, Hotel Chocolat Group , Polymetal International, Sage Group, STM Group, Wetherspoon (J.D.), WH Smith AGMS Edinburgh Worldwide Inv Trust, Henderson Alternative Strategies Trust , McCarthy & Stone, Troy Income & Growth Trust, WH Smith FINAL DIVIDEND PAYMENT DATE Diploma, Majedie Investments
master rsi
23/1/2018
15:38
JLP 3.50p +0.025p Yesterday's UPS It looks like that finally is on the up with plenty of buying during the day and any overhang has now been cleared.
master rsi
23/1/2018
15:22
HZM 4.40p +0.15p some bounce on a very large volume 11.9M
master rsi
23/1/2018
15:12
DOW up and down by 5 points now
master rsi
23/1/2018
12:32
BLOC - one to investigate and follow on its next move.
noirua
23/1/2018
12:25
ELCO 45.50p +3.50p / Elecosoft shares soar on upbeat profits, revenue forecast (ShareCast News) - Shares in the AIM-listed construction software specialist Elecosoft were up more than 10% on Monday after the company said full year revenues and pre-tax profits would be "significantly higher" than a year earlier. In a statement, the company said both figures would be in line with market expectations. A strong conversion of operating profits into cash in the year enabled Elecosoft to eliminate borrrowings by last June 2017 and also improve its net cash position by the end of the year. The company said trading was driven by new direct customers combined with high renewal rates.'
master rsi
23/1/2018
11:46
HUR news due, wonder if a buyer is ready to pounce early for the massive reserves
chutes01
23/1/2018
11:42
Metal Tiger partially sells down Kingsgate stake (ShareCast News) - Strategic natural resource opportunities investor Metal Tiger has sold 7,929,826 shares in Kingsgate Consolidated, it announced on Tuesday. The AIM-traded firm confirmed the sale brought its holding down to 11,504,685 shares, from 19,434,511, representing 5.15% of KCN's issued share capital. It said the sales resulted in gross proceeds of AUD 2.69m, or around �1.53m. "Metal Tiger has taken the prudent decision to de-risk our Kingsgate investment by partially selling down and booking a profit," said Metal Tiger chief executive officer Michael McNeilly. "It does not, however, mean we are going away." McNeilly noted Metal Tiger was still retaining more than 5% of Kingsgate, adding that it would be watching the board closely to see if they delivered on what they promised. "In the meantime we are turning the bulk of our attention to our copper/silver joint venture with MOD in Botswana, where a prefeasibility study on T3 is anticipated shortly."
master rsi
23/1/2018
11:21
UK government borrowing narrows after EU credit - BBC UK government borrowing nearly halved in December from a year earlier, helped by a rebate from the European Union. Public sector borrowing, excluding state-owned banks, fell to a lower-than-expected £2.6bn last month, a £2.5bn fall from December 2016. The UK received a £1.2bn rebate from the EU due to a reduction in the bloc's budget and changes to contributions. The Office for National Statistics (ONS) also noted the collapse of Carillion could affect public finances. The ONS said that the government had stated it would provide funding required by the Official Receiver to maintain public services. "Any impact of these financial interventions on public sector finances will be announced in due course," it said. The ONS said public borrowing for the financial year to date now totalled £50bn, down nearly 12% from the same period a year earlier. Samuel Tombs, chief UK economist at Pantheon Macroeconomics, said low public borrowing in December reflected falling government spending, "not a resurgent UK economy". Central government tax receipts rose more slowly in December than they had in the previous eight months, while current expenditure fell by 0.8% compared with the previous December "primarily because the UK received a £1.2bn credit from the EU". "The credit reflects both a reduction of the size of the EU's budget and the underperformance of the UK economy this year; contributions are linked to the size of Britain's economy relative to the rest of the EU," said Mr Tombs.
master rsi
23/1/2018
10:24
Cairn Energy Expects Catcher, Kraken Fields Spend Lower Than Expected LONDON (Alliance News) - Cairn Energy PLC said on Tuesday it is estimating full-year production for 2018 of between 17,000 to 20,000 barrels of oil per day from the Catcher and Kraken North Sea oil fields in the UK North Sea as it builds them to production plateau, with full project costs over both expected to be below previously forecast. First oil from Catcher came in late December, with both wells at the field testing at rates of over 20,000bopd. Production will ramp up over the next few months, and Cairn hopes to see full production of 60,000bopd in the first half of 2018. At Kraken, first oil came in the first half of 2017, and Cairn expects gross production to reach 50,000bopd during 2018's first six months. As a result, net production to Cairn in 2018 is hoped to be 17,000 to 20,000 bopd with peak production reached mid-year at both fields. Total project capital expenditure is expected to be 30% less than anticipated at Catcher, and 25% less at Kraken. The company said it has offloaded its first Kraken cargo, earning revenue of around USD20.0 million for 2017's fourth quarter. The first cargo of Catcher oil has been pre-sold at a premium to Brent, which was trading at USD69.42 on Tuesday morning in London. Forecast capital expenditure for both fields in 2018 is expected around USD125.0 million, with committed exploration & appraisal costs overall at USD75.0 million. In Norway, Cairn said it has an "extensive" exploration campaign for 2018 and 2019, drilling up to ten wells. It expects to post first oil from the Skarfjell joint venture in 2021 and peak production of 50,000bopd, roughly 10,000bopd of which will be net to the company. Cairn said in Mexico, it expects to start exploration work at two new licences, won in the first half of 2017, to begin in 2019, in both blocks. International arbitration is "well advanced" in the final hearing of Cairn's claim under the UK-India bilateral investment treaty, in which Cairn is disputing a tax assessment order relating to its shareholding in Vedanta Ltd. It cannot currently access its approximate 5.0% holding, valued at around USD1.1 billion as at 2017's end and with dividend payments of USD104.0 million accrued. Chief Executive Simon Thomson commented: "Over the last twelve months, Cairn has achieved several strategic milestones and is well positioned to deliver on its strategy in 2018. Both the Kraken and Catcher developments in the UK North Sea have delivered first oil production. "This year, we will begin a sustained drilling campaign in the UK and Norway where Cairn has built an extensive portfolio. We also expect development sanction for the Skarfjell discovery in the first half of the year." He added: "Cairn is funded in respect of all capital commitments with a strong balance sheet and growing production cash flows. We continue actively to assess and pursue new ventures within the context of a balanced exploration and production portfolio. We are excited by the potential of the recently awarded blocks offshore Mexico where we anticipate the start of exploration drilling in 2019." Cairn's shares were up 1.1% on Tuesday at 218.40 pence each.
master rsi
23/1/2018
10:12
UPS PAF 13.20p ( 13.16-13.24p ) Had a good retracemeent and Gold prices at close to best. Shares at bottom of the latest lows and well undervalued by the profit forecast. Numis has a buy rating with price target to 30p. 15 minutes delay on chart with Indicators .. Https://goo.gl/D7uPq3 SA quote ... SA quote ----------------- Intraday ------------------------------------------ 2 months ------------------------------- 2 years -------------------
master rsi
23/1/2018
09:46
SDZ 51.25p +0.90p / SDX Energy discovery more gas in Morocco SDX Energy said it had made a gas discovery at a well in Morocco. The ONZ-7 well was drilled to a total depth of 1,167 meters with 5 meters of net conventional natural gas pay in the Hoot formation. The well came in on prognosis but reservoir quality exceeded initial expectations, encountering porosity in the pay section of 35.3%. "The well will now be completed, tested and connected to existing infrastructure," SDX said. It expects to provide a further update on testing results in early February.
master rsi
23/1/2018
09:20
MARKET REPORT LONDON MARKET OPEN: FTSE 100 Gains Driven By easyJet, FTSE 250 Down LONDON (Alliance News) - Stock in London were mixed at the open on Tuesday, with budget airline easyJet leading the FTSE 100 after posting strong first-quarter figures and the FTSE 250 held back by N Brown and Marston's. easyJet shares were up 5.6% early Tuesday, while N Brown was the worst performer in the FTSE 250, down 9.8%, as it kept full-year profit guidance unchanged after a small rise in revenue for its third quarter to January 6. Pub operator Marston's was down 3.7% as it said poor December weather would hurt full-year profit. The FTSE 100 index of large-caps was up 0.1% early Tuesday at 7,724.59. The mid-cap FTSE 250 index was down 0.1% at 20,629.92 and the AIM All-Share Index up 0.2% at 1,070.42. The BATS UK 100 index was up 2.0% at 13,119.85. The BATS 250 was down 0.1% at 18,751.34, and the BATS Small Companies flat at 12,901.45. easyJet was the best performer in the FTSE 100, with Sky just behind, up 3.0%. The UK Competitions & Markets Authority said 21st Century Fox's takeover of Sky would "not be in the public interest due to media plurality concerns", though said it would not be against the public interest in terms of broadcasting standards. Fox and Sky still have a chance to address the CMA concerns. FDM Group was also up in the blue-chip index, rising 3.2%, as it said it expects its current financial year's trading to be ahead of expectations. Revenue for easyJet's first quarter, which ended on December 31, rose by over 14% to GBP1.14 billion, reflecting an 8.0% increase in passenger numbers year-on-year to 18.8 million, driven by seat capacity growth of 5.5%. Revenue per seat, a key industry indicator, rose 6.6% at constant currency rates, the company said. easyJet said revenue was boosted by a 20% rise in ancillary revenue to GBP226.3 million from GBP188.0 million in the same quarter last year. It said momentum has continued from 2017's product and pricing initiatives, particularly in bags and allocated seating. Passenger revenue rose by 13% year-on-year to GBP914.0 million from the GBP809.0 million reported the same period last year. FDM's Chief Executive Rod Flavell said of its performance: "2017 saw the group deliver a strong performance whilst continuing its strategy of investing for long term growth. We exited 2017 with positive demand in all of our markets, including encouraging growth in new market verticals. "2018 will see the group continue to invest to deliver long term, sustainable growth, increasing capacity in existing territories whilst also building its presence in some of its more nascent territories. I anticipate that 2018 will be another year in which FDM delivers good operational and financial performances." In the FTSE 250, pets retailer Pets At Home led early gains, up 8.0%, with IG Group up 2.4% after posting record first half revenue and profit figures. The worst performer in the index was N Brown, with Marston's also one of the worst in the index. N Brown kept its full-year profit expectations unchanged after posting group revenue growth of 3.2% in the 18 weeks to January 6. Pub operator Marston's said it posted record total retail sales in Christmas Day, 5.5% up year-on-year, but snowy and icy weather caused disruption to business through December with the company expecting a GBP1.0 million profit impact. Total sales for the period were up 4.9% year-on-year reflecting the contribution from the estate expansion in 2017. Like-for-like sales in the period, excluding the impact of the two snow-affected weeks, are up 1.1%. The weather impact on like-for like sales was around 2.0%, and on an unadjusted basis, like-for-like sales were down 0.9% in the period. Pets At Home posted group revenue growth of 9.6% to GBP223.3 million in the period, with Merchandise revenue growing 9.0% to GBP193.4 million, including omnichannel revenue rising 77% to GBP13 million. Group like-for-like revenue grew 7.2%. Merchandise posted like-for-like revenue growth of 6.8%, with good performance in store sales, as well as from omnichannel initiatives. Services revenue grew 14% to GBP29.9 million, including joint venture vet practice income up 19% to GBP12.1 million. Pets At Home said services like-for-like revenue grew of 10%, reflecting strong growth in first opinion and specialist referral vet services. All financial guidance, including gross margin expectations, is unchanged, it said. In other London-listed company news, clothing retailer Superdry was down 0.5% as it announced the retirement of Chief Financial Officer Nick Wharton, who will be replaced by J Sainsbury Finance Director Ed Barker. Sainsbury's shares were up 0.1%. Sterling was quoted at USD1.3948 early Tuesday, lower than the USD1.3960 at the London equities close on Monday. In mainland Europe early Tuesday, the CAC 40 in Paris was up 0.4% while the DAX 30 in Frankfurt was up 1.0%. In the US, Wall Street ended at record highs on Monday as the US government deadlock ended, with the Dow Jones Industrial Average ending up 0.6%, the S&P 500 up 0.8% and Nasdaq Composite closing 1.0% higher. President Donald Trump signed a bill reopening the US government, the White House said late Monday, after Democrats and Republicans agreed to end a three-day partial shutdown. The US Senate voted to pass a spending bill that will keep the government running through February 8. The bill was later approved by the House of Representatives 266-155 and sent to Trump for his signature. The Senate's 81-18 vote on the budget bill came after the Senate voted by the same margin earlier Monday to end debate on the measure and allow it to come up for a vote. "US markets took another leg higher yesterday in the wake of the announcement that the US government shutdown that started at the weekend wouldn’t be lasting very long, which in turn means that any potential negative effect on the US economy is likely to be minimal at worst," says CMC Markets chief market analyst Michael Hewson. "The announcement that US senators had arrived at a stop-gap deal to fund the government until February 8th saw US markets, which had been trading slightly negative to flat, push up further to close at another set of record highs." Online-video streaming service Netflix on Monday reported a fourth-quarter profit that rose strongly from last year as revenue grew, driven largely by strong subscriber additions. Shares surged 9% in the after-hours trading. Netflix added 8.3 million subscribers globally in the quarter, easily beating its forecast of 6.3 million, to end the quarter with 117.6 million subscribers. The company added 2.0 million customers in the US during the quarter, above its estimates of 1.3 million. International subscriber additions were 6.4 million, far above its expectation of 5.1 million. In Asia on Tuesday, the Japanese Nikkei 225 index closed up 1.3%. In China, the Shanghai Composite closed up 1.3%, while the Hang Seng index in Hong Kong is up 1.5%. The Bank of Japan maintained its aggressive monetary easing earlier on Tuesday, as widely expected, and left its assessment of inflation and growth unchanged. Governor Haruhiko Kuroda and his board members decided by an 8-1 majority vote to hold its target of raising the amount of outstanding JGB holdings at an annual pace of about JPY80 trillion, the bank said in a statement on Tuesday. The bank will purchase government bonds so that the yield of 10-year JGBs will remain at around 0%. The board also decided to hold the negative 0.1% interest rate on current accounts that financial institutions maintain at the bank. The sole dissenting member Goushi Kataoka said the bank should take additional easing measures if there was a delay in achieving inflation target. He preferred a reduction in the target for 10-year yields. Further, the bank said inflation expectations have been more or less unchanged instead of previous view that they were weakening. Nonetheless, risks to price outlook are skewed to the downside, the Bank of Japan noted. Inflation is seen at 1.4% in the fiscal starting April, unchanged from the October outlook report. Likewise, the fiscal 2019 inflation outlook was kept at 2.3%. At the same time, core inflation outlook was retained at 1.8% for 2019. In the economic calendar on Tuesday, UK public sector net borrowing is at 0930 GMT, followed by the German and eurozone ZEW economic sentiment surveys, both at 1000 GMT. The Redbook index is due at 1355 GMT, and eurozone consumer confidence is at 1500 GMT. Indian Prime Minister Narendra Modi will open this year's World Economic Forum with a keynote speech on Tuesday at 11 am local time (1000 GMT) in the Swiss mountain resort of Davos. At 5:30 pm local time (1630 GMT), Modi's Canadian counterpart, Justin Trudeau, is scheduled to present this year's agenda of the G7 group of major economies, over which Canada presides in 2018. Running until Friday, the meeting brings together more than 3,000 top politicians, executives and scholars, as well as leaders of global organizations and major non-profit groups. German Chancellor Angela Merkel, French President Emmanuel Macron and Trump are set to arrive later in the week.
master rsi
23/1/2018
08:53
FTSE moving higher with 13 points
master rsi
22/1/2018
23:38
Will Davos cause FTSE 100 to stall? / Alistair Strang | 22nd January FTSE for this week (FTSE:UKX) The very best way of starting a Sunday turned out not to be dropping a glass bottle of cough medicine on the kitchen floor. It both bounced and shattered, sending red gloop and glass fragments everywhere. A planned 7 am start to look hard at FTSE (UKX) future potentials vanished, unlike the sticky red medicine. When Mrs T&T finally wandered into the kitchen to find me standing with a mop, bare legs splattered with red medicine, and looking like I was clearing up a messy crime scene. I swear she did a quick count of the dogs! Once the kitchen was finally cleaned, a long shower beckoned and then the snow started. Somewhere or other, there is a rule book which demands Golden Retrievers must be taken out as soon as it snows. By 11.30 am, almost ready to turn on computers, there was a "thunk" as the power went off. For the 2nd time in a week (our local power grid reacts like a politician faced with a Twitter comment). Sometimes, despite your best efforts, days just do not work out. It was to be early evening before the 7 am plan was finally enacted and yes, did forget to buy replacement cough medicine during the day. Last week was pretty lame on the FTSE, along with other world markets, and left us with a suspicion the reversal was not entirely genuine. The FTSE needed below 7,640 to tick the first box for coming trauma but the index bounced comfortably above this level. To be realistic though, we'd now worry at weakness below such a point as 7,540 makes sense initially with secondary, if (when) broken at 7,455 points and hopefully a genuine bounce. The other side of the coin comes from movement at the end of last week. The market bettered our initial day trade target of 7,719, closing the session at 7,729 points. As a result, while near term traffic above 7,732 should indicate 7,749 coming into play, our inclination is to ignore such an ambition as a strong argument now favours 7,779 points initially with secondary, if bettered, at 7,810 points. If this level is achieved and bettered during the week, we need to revisit the index as a new all time high demands a close look. Of course, we're approaching Davos season and suspect the markets will "park" for a few days while the talking shop continues.
master rsi
22/1/2018
22:59
What happens when the bitcoin party ends? / Walter Price at Allianz | 22nd January In 2018, the outlook for the technology sector remains strong. We are seeing robust economic growth around the globe and technology is pivotal in driving a fourth industrial revolution. People worry when they see a particular sector doing well but we are confident that the recent increases in tech stock prices mark the start of something, not the end. Our confidence comes from the idea of a 'fourth industrial revolution'. We have seen these leaps before, whether it be in the form of steam power or electronics, and they represent shifts in the way we work and live. This fourth revolution will be driven by cloud computing, artificial intelligence, automation, and information. Advances in these technologies are changing the way we work and driving efficiency and productivity growth across a broad range of sectors. They pose a challenge to all companies, great and small, and it is our belief that companies who are truly innovative and offer a real benefit to users will continue to benefit from corporate investment, and continue to flourish. While there are plenty of these opportunities for investors, there are also risks to be aware of. One of the most interesting developments that has come out of our increased interconnectivity is the idea of a digital currency. Indeed, there can be few technology phenomena that have attracted as many headlines as cryptocurrencies. Although they have been around since 2009, interest has hit fever-pitch in 2017, with around 900 digital currencies now available. The technology can be used to trade bonds, stocks and other financial assets. Companies in search of early-stage funding believe it may help them circumvent the need for venture capital, potentially allowing management to retain greater control. However, their uses to date have been limited, and the prices extremely volatile. Investors are apparently willing to pay high prices for a technology still in its infancy. A lot of people have already made a lot of money from cryptocurrencies; the question is what will happen when the party ends? From our analysis of the market, many market participants are buying into cryptocurrencies with the idea that they can trade them, rather than examining what they really own. This is leading to some clear excesses in the market. We are seeing this in the private equity and venture capital areas, where it is helping to drive valuations higher. Worse, we see that in some cases cryptocurrencies are being used as a way to support criminal activity. Cryptocurrencies can be a way to transact and to make these transactions invisible, moving money to places where it can't be traced. To our mind, the market looks unstable. For many, dealing in cryptocurrencies is simply gambling - aiming to sell at a higher price than the purchase price. Equally, at the moment pricing seems to be too volatile for it to be of significant use for, say, sending money to relatives in another country. As such, there is not a lot supporting most of the business models of these cryptocurrencies, including bitcoin. The underlying technology of a unique ledger has a place and cryptocurrencies may yet be a way for companies to transfer money at reduced costs. Companies such as Ripple are using their currency, XRP, as a trusted and secure medium to reduce the costs of cross border transactions and eliminate the need for a high cost letter of credit to enable these transactions. It is applications like those that may reduce costs of that type of transaction and may establish a value of their currency as a medium of transitional exchange. However, for investors, our view is that without a fundamental usage for a currency, owning one is based on sentiment and looks like a house of cards. Whilst we remain unconvinced by most cryptocurrencies, the US technology climate remains favourable and despite its recent strong run we believe the fundamentals of the sector have more to give. Over the next year we will be closely following the increasing prevalence of robots, and the companies that make them. It is an exciting time to work in the technology sector and we look forward to seeing how companies and countries adapt to the changes they are bringing to our lives.
master rsi
Chat Pages: 239  238  237  236  235  234  233  232  231  230  229  228  Older
Your Recent History
LSE
GKP
Gulf Keyst..
LSE
QPP
Quindell
FTSE
UKX
FTSE 100
LSE
IOF
Iofina
FX
GBPUSD
UK Sterlin..
Stocks you've viewed will appear in this box, letting you easily return to quotes you've seen previously.

Register now to create your own custom streaming stock watchlist.

By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions

P:33 V: D:20180123 16:00:41