Recently added articles from Investors Chronicle - magazine and web content:
Avocet must rise to challenges.
Jun 26, 2009 ... Byline: Daniel O'Sullivan RESULTS: Problems at gold miner Avocet's core Penjom and North Lanut mines in Indonesia have meant a difficult year for the group Gold miner Avocet's figures were flattered by an accounting nicety - a mark-to-market gain on a hedge liability ...
Goldshield glistens.
Jun 26, 2009 ... Byline: Julian Hofmann TIP UPDATE: The end of a Serious Fraud Office prosecution, and an offer approach from a former chief executive, has been good news for Goldshield's shares Goldshield's shares rose 5 per cent on the back of these solid figures, following a week ...
Celsis pushes profits higher.
Jun 26, 2009 ... Byline: Jonas Crosland RESULTS: Trading conditions remain tough for Celsis, but costs are down and cashflow is up. Celsis International delivered a decent performance, thanks to another solid result from its Rapid Detection division which tests pharmaceutical company ...
Castings waits on recovery.
Jun 26, 2009 ... Byline: Julian Hofmann RESULTS: Castings has been hit hard by the sudden collapse in demand from the automotive sector, although there are now signs that conditions are at least stabilising Exceptional items hit Castings' full-year results - specifically, the foundry ...
Consort Medical faces mature markets.
Jun 26, 2009 ... Byline: Jonas Crosland RESULTS: Consort Medical has done well to increase profits after losing the Pfizer contract, but its markets look mature Consort Medical's figures aren't as impressive as they seem - adjust for for various special items and pre-tax profit rose ...
Micro Focus continues to grow.
Jun 26, 2009 ... Byline: Jonas Crosland RESULT: Micro Focus is managing to supplement organic growth with a string of acquisitions There's no such thing as a recession-proof business but, after reporting another year of solid trading, Micro Focus might come close. Its strength comes ...
Train replicates Buffett for the UK.
Jun 26, 2009 ... Byline: Moira O'Neill FUND PROFILE: The Finsbury Growth & Income Trust aims to be a UK version of Warren Buffett's Berkshire Hathaway Finsbury Growth & Income Trust (FG&IT) has a concentrated portfolio of between 25 and 30 UK stocks and aims to have an above-market ...
DSG continues to struggle.
Jun 26, 2009 ... Byline: Jonas Crosland TIP UPDATE: Newly formatted stores offer some encouragement for electrical retailer DSG DSG International put a brave face on a predictably poor set of figures. The electrical retailer, which operates Dixons, Currys and PC World, has been busy ...
Stake-building boosts Imagination.
Jun 26, 2009 ... Byline: Malar Velaigam RESULT: Intel builds stake as profits surge at Imagination Technologies Strong revenue growth in licensing and royalty revenues saw profits jump at graphics chip specialist, Imagination Technologies. Licensing revenues rose 21 per ...
Circle Oil boosts reserves.
Jun 26, 2009 ... Byline: Jonas Crosland RESULTS: Circle Oil is finding new reserves at an impressive rate Last year marked a turning point for Circle Oil - that's when then it turned from being a pure exploration play into a producer of both oil and gas. Indeed, for much of its ...
Commodity/currency correlations.
Jun 26, 2009 ... Byline: Mark Robinson Retail investors would be well advised to consider the relationship between commodity prices and certain national currencies when devising trading strategies. The deterioration in a whole range of asset classes has encouraged many retail ...
Pricing crash risk.
Jun 26, 2009 ... Byline: Chris Dillow Crash risk can explain why currencies and stock markets can do well It's well known by now that financial markets are vulnerable to tail risk; the probability of a disaster is larger than a normal distribution predicts. What's less appreciated, ...
In defence of efficient markets.
Jun 26, 2009 ... Byline: Chris Dillow ECONOMICS: The efficient market hypothesis is being written off too hastily The efficient markets hypothesis (EMH) is getting a bad press. James Montier of Societe Generale says it is "dead" and "irrelevant" (see his recent Nine rules for value ...
Stagecoach side-tracked.
Jun 26, 2009 ... Byline: Julian Hofmann RESULTS: Stagecoach faces a troubled time at its UK rail unit, with falling passenger volumes and no end in sight regarding its dispute with the Department for Transport. Stagecoach's figures were respectably in-line with analysts' forecasts, ...
City Trades: JD could go out of fashion.
Jun 26, 2009 ... Byline: Brian Monaghan TRADING IDEA: Failing a positive breakout from its current range, JD could drop sharply Shares in the clothing retailer may be around a one-year high, but there are potential problems on the charting horizon for John David Group, says Brian ...
Addax on the menu for Chinese takeout.
Jun 25, 2009 ... Byline: Daniel O'Sullivan TIP UPDATE: We always rated this company, and are happy to see our faith repaid. Dual Toronto- and London-listed Addax Petroleum has accepted an all-cash C$52.80 per share offer from Chinese state-owned oil giant Sinopec, which values the ...
Servicing the oil boom.
Jun 25, 2009 ... Byline: David Stevenson FEATURE: David Stevenson argues that suppliers of technology and services to the oil and mining industries often do just as well as diggers and drillers while commodity prices are high Legend has it that in the Californian gold rush more money ...
Make my bond a Bud.
Jun 25, 2009 ... Byline: Mark Glowrey BOND OF THE WEEK: A new sterling issue from the global brewing giant could be worth a look, with a high yield and a small minimum investment level New issues are the lifeblood of the bond markets. There is a good reason for this - bonds, unlike ...
Oil's new bubble.
Jun 25, 2009 ... Byline: Daniel O'Sullivan FEATURE: With speculative fever running roughshod over oil market fundamentals again, is there any sensible way to play this staple sector? We provide rules to avoid losing your shirt Crude oil prices have doubled since the start of the year, ...
King's "fiscal warning".
Jun 25, 2009 ... Byline: Chris Dillow Mervyn King's warning about government borrowing is weaker than it seems Headline writers are paid to grab readers' attention, not to tell the whole truth. In this sense, they've done a good job on Bank Governor Mervyn King's comments about ...