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LMI
282.90
-4.80 (-1.67%)
ASK PRICE BID PRICE CHANGE
282.90 282.70 -4.80 (-1.67%)
Volume 759,247
Day's high 420.20
Day's low 240.84
Today’s open 287.60
Prev Close 287.80
   

Index: FTSE 250 & FTSE All-Share

Sector: Mining

  • Company URL: http://www.lonmin.com
  • Company Profile: Lonmin is a miner of platinum group metals (PGM) and gold. From its mines located in the Bushveld complex in South Africa, Lonmin is currently the world's third largest primary platinum producer and the largest PGM producer. More than 100 years old, Lonmin was demerged from its African assets in 1998 and has since divested a number of other assets including hotels and an insurance arm. Lonmin's primary listing is on the London Stock Exchange, with a secondary listing in Johannesburg. The company's main mining operations are located at Marikana in the western limb of the Bushveld and Limpopo near Polokwane on the eastern limb. Lonmin is focused on driving towards mechanised production to increase safety and reduce costs.

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LMI Trade Tendency

BullBearings trader activity in the last few days with this stock

Buying: 46%

Selling: 54%

Recent trades by BullBearings members
TRADE QTY. PRICE DATE
SELL 10,231 291.4p 14/06/13 13:21
BUY 10,231 285.9p 14/06/13 13:01
BUY 100,000 274.8p 14/06/13 11:02
SELL 100,000 278.7p 11/06/13 10:05
SELL (auto) 1,371 287.6p 11/06/13 07:15

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News & Reports referencing LMI

Tuesday broker round-up UPDATE

AG Barr: Investec cuts target price from 591p to 581p, while upgrading from add to buy. Canaccord Genuity upgrades to buy with its target price at 570p.

7 days ago

Sector movers: Mining sector at three-year lows after Chinese data

Mining stocks were out of favour on Monday afternoon on the back of concerns about a slowing Chinese economy, with the sector falling to its worst levels in three years.

8 days ago

FTSE 250 movers: Ocado jumps to all-time high

Online grocery firm Ocado was the standout performer on the second-tier FTSE 250 index on Monday afternoon, rising to his highest ever level since it debuted on the stock market in July 2010. While there's no newsflow, one trader told Sharecast that today's moves are likely a result of 'short-sellers' continuing to cover their positions.

8 days ago

Tuesday newspaper round-up: Co-op Bank, N Brown, Lonmin...

According to The Times, The Co-operative Bank filled a big hole in its balance sheet with 900m pounds of cheap funding from the Bank of England in March through its Funding for Lending Scheme. "The same month it decided to stop offering corporate loans to new customers in recognition of the scale of the problems it faced," the paper says.

2 weeks ago

FTSE 250 movers: Oil companies advance, Lonmin falls

Oil and gas companies were among the biggest risers on the FTSE 250 index on Monday, tracking a rise in crude prices. Independent oil and gas exploration company Heritage Oil ended the day higher while shares in hydrocarbon producer and explorer Afren were also up at the close of trading.

2 weeks ago

Traders' views

Expect GBP, CAD & AUD weakness

By Ronnie Chopra

From a purchasing power point of view, Sterling above 1.50 USD seems difficult to justify and with Mark Carney taking the reins at the Bank of England from July we may already have seen Sterling's 2013 year high. Carney has been a strong advocate of more QE in the UK, which would drive Sterling sharply lower.

GBP 
Sterling’s sharp rise against the US dollar has caught many by surprise, the currency has recovered from 1.51 USD in May to the current 1.57 USD level. However, the 1.57 level is proving difficult to cross and we won’t be surprised if the USD now begins to regain some ground and take Sterling back to below 1.55 USD over the next couple of weeks.

Emerging Markets Hurt On Fears Over Reduced Liquidity/Slowing Growth

By Ishaq Siddiqi

Fears over a reduction in global liquidity as central banks scale back easing measures sends emerging markets in a rout with slowing global growth adding to the malaise.

EM’s have been the biggest beneficiaries of loose global central bank money over the years; central banks around the world have pumped in $12trillion of extra liquidity since the financial crisis of 2008, preventing a systemic risk in the market.

All asset classes seem unloved at the moment

By Ronnie Chopra

Over the last few weeks global equity prices have fallen quite sharply, the FTSE 100 has fallen from 6875 which was reached on 22nd May (only 120 points from its all -time high set in December 1999) to the current level which is just above 6300 - an 8% fall in 3 weeks.

The Dow Jones Industrial Average Index has fared better, albeit still over 300 points lower now than its recent record high. The US benchmark index hit an all-time high on May 29th at 15542. The Nikkei index has experienced > 20% fall from 16,000 to 12,500 in a matter of a few weeks but it has since bounced to just above 13,000.

How markets react to levels and zones of support and resistance

By Paul Wallace

Lets look at what creates support and resistance levels in markets, using gold as an example. Just watching these levels is a good trading strategy.

In my last piece (I feel the need, the need…to slow down) I commented on several things that traders could do to help improve their understanding of markets in an effort to improve their own trading.

Aim stock to watch: Hydrodec (HYR)

By Andrew Hore

Cleantech oil refiner Hydrodec (HYR) is set to accelerate its growth through a joint venture deal with a major US-based electricity transformer oil recovery business. A new strategic partnership with G&S Technologies will propel Aim-listed Hydrodec towards profitability and help it to scale up its US operations.

Analysts at Edison believe that Hydrodec could move into profit in 2015 and this model could form the basis of geographic expansion.

Trading Videos

June 17th 2013, Daily Market Bite from Ishaq Siddiqi Market Strategist

Morning Traders' notes

ABF shares 1% down after Nomura downgrades stock from Neutral to Reduce

Daily global markets overview with the overnight activity and what can be expected in the markets today. Information straight from the traders’ desks. Insights on commodities, equities, stocks and forex currencies.

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