Tue 10th Dec 13, 10:27
Numis Securities has maintained a 'buy' rating for CSR after the wireless technology company announced its decision to withdraw investment from its digital camera business.
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Market-based signals, or prices, are extremely useful, but they have their limits. Thus, for some an initial public offering (IPO) of HSBC's UK retail arm would allow it to 'unlock' value and help its valuation recover to levels similar to Lloyd's, for example. Simply put, for those who follow that line of thought markets are overlooking the value inherent in that unit. So, despite the government's stake Lloyds now trades hands at 15 times' earnings, while stock in HSBC - despite its diversified portfolio - changes hands at only 12. As well, going public would help the lender better meet regulations which will force banks to ring-fence their retail operations. However, a float also entails potential risks. For one, HSBC would become less diversified. Furthermore, it would no longer be able to sacrifice profitability in the UK to benefit businesses elsewhere - minority investors would have none of that. Hence, HSBC would be well advised - as is so often the case - not to look to possible short-term gains. "If HSBC goes ahead, it should do so because it no longer sees the rationale of wholly owning a UK retail business, not because there is an opportunity to arbitrage a short-term divergence in valuation," the Financial Times' Lex column said. 49 minutes ago
Investec has raised its target price for Lloyds from 80p to 84p and kept a 'buy' rating for the stock, saying that investors looking to take profits should 'wait a little longer'. 55 minutes ago
AIM-listed Sirius Petroleum has discovered that its Ororo field offshore Nigeria is larger than first expected. 52 minutes ago
Full-year profits more than halved at Zytronic, a manufacturer of touch sensors, hit by a 'particularly difficult' first half following the absence of some large one-off orders and projects. 1 hour ago
A total loss of around 10bn dollars was incurred by the US government as a result of its bailout of General Motors, it was reported Monday night. 1 hour ago
UK life insurance company Prudential is targeting at least 10bn pounds on cumulative cash generation by the end of 2017. 1 hour ago
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The forex market is open to retail traders from Monday morning in Tokyo/Sydney, until Friday evening in New York. That is five and a half days of non-stop action when trades can be entered, and stop-losses can be hit – so how can you cope with it? Here are five tips to help you manage.
The non-stop nature of the market is often advertised as a plus, as though any trader in any time zone can trade whenever they want and make money. There is something to that, but as every forex trader knows, the 24-hour nature of the market can be like a prison if you don't know how to handle it.
Regular readers will know whilst deep down I am a trend follower I will also take a contrarian view and also look for signs of beaten up stocks that are making a turnaround.
Two stocks both mentioned here before that have done extremely well for me and anyone brave enough to follow me are Citigroup (C) and AIG (AIG). Yes, both stocks would have gone broke had the US government not bailed them out, but that is the distant past and Uncle Sam is out of both and made money out of saving both companies.
It is often claimed that currencies have a tendency to depreciate during their home business hours. Lets look at how we can use this knowledge to trade the forex market profitably.
An academic study published in 2007 by Francis Breedon and Angelo Ranaldo thoroughly analyzed 10 years of historical data from 1997 to 2007 and not only found that this depreciation bias was a statistical fact, but also that it could be used as the basis for a profitably strategy on the EUR/USD pair, even after commission/spread costs were factored in.
China-based logistics services provider China Chaintek is a profitable, cash generative business offering a dividend.
A lack of capacity will hold back short-term profitability but the company is on course to significantly expand its distribution facilities and reap the benefits in terms of earnings growth.
A small entity of investment houses and traders believe we could see a token taper from the Federal Reserve as early as next month and this has given the dollar a degree of resilience despite the fact that we have seen some data points miss in the past week or so.
As we approach the release of the Non-Farm payrolls number we could well see that faction increase in numbers which will support the greenback and of course any beating of expectations i.e. a number greater than 185,000 will embolden the dollar bulls.