LSE Market News

Once again, hibu (LSE:HIBU), the company formerly known as Yell, has told investors via an RNS that its shares are worth very little or nothing. The stock is off 18% today but this is not the first time it has warned about this and after a few days folks seem to forget and traders “buy […]

Having bounced back up from 35p to 170p shares in GMX traded joke valuation company US Oil & Gas (USOP) were starting to bubble. The USOPians (folks who chat amongst themselves on twitter and Bulletin Boards) were already discussing once again whether £15 or £200 a share was fair value. But then…. the shares started […]

F&C Global Smaller Companies (LSE:FCS) issued its first-half report this morning, and the results are quite positive. “F&C is one of Europe’s largest fixed income managers and has strong expertise assisting insurance companies and pension schemes on asset and liability management and liability-driven investment strategies.”  F&C is unique in that is an independent...

Fortune Oil plc (LSE:FTO) might just have its best deal ever. In a statement today, the London-listed oil and gas supplier in China agreed to sell its natural gas business in a deal which values the business at US$400 million. Fortune Oil’s natural gas business is controlled through an 85% interest in the Fortune Gas […]

What do the following companies have in common: Pursuit Dynamics (LSE:PDX), Vialogy (LSE:VIY), Proteus International and Firecrest? Two of the four have sent me lawyers letters about articles I have written. Those two companies no longer exist. I am still writing. So that is not it. In fact all four have two things in common. […]

Fully listed gold miner Centamin (LSE:CEY) has served up two pieces of good news in two days. The barmy Sukari army on the Bulletin Boards will be delighted and the share price has raced ahead to 44p. That is your cue to sell. Remember 44p it is important. The first good news came on Friday. […]

Shares of FTSE 250 firm, Centamin plc (LSE:CEY), have climbed back again today after the company announced its gold export has resumed after being halted last week by customs authorities, loosely linked to a fuel dispute with Egypt’s state-owned oil firm Egyptian General Petroleum Corporation (EGCP). Centamin shares reached a four-year low last week, 13th […]

UKInvestor Show is an event about making money but I have always thought such a show needs one non investment speaker and I am delighted to say that Nigel Farage MEP says that he would be delighted to speak. The leader of UKIP will talk about how staying in the EU costs all of us […]

At last the DOGGR website from the State of California has published the official October output numbers from AIM listed penny dreadful oil producer Sefton Resources (LSE:SER). And guess what? The number is lower that the company itself was saying in an RNS issued 12 days ago. Hey ho. Happy Christmas chairman JimBob Ellerton when […]

Range Resources (LSE:RRL) was forced to issue a statement on 14th December saying that it noted unusual share trading activity and knew of no reason for this but that it plans operational updates within the next few days. Though I continue to believe that the shares are materially overvalued at 3.95p (my target price is 1.5p) I […]