Category Archives: Shareprophets

27th December 2013 — A Christmas cracker from Black Mountain Resources Part 1

It is always amusing to see which companies try and sneak out unpalatable RNS announcements on Christmas Eve. This year it was the turn of Black Mountain Resources (BMZ). Over the coming days I plan to write a few pieces analysing what Black Mountain had to say, as it had a few little Christmas crackers for existing shareholders.

The last time I wrote about Black Mountain was in July and the title of my piece was “Black Mountain Resources; Ho, Ho, Ho”. It couldn’t have been more apt.

 

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18th December 2013 — Bang on the money; will Santa now carry the FTSE to 7,000

It’s always nice being on the money and today I have been bang on it.

I wish I could claim some particular personal insight led me to position myself in the manner I did, ahead of the FOMC’s meeting, but the truth is I am standing on the shoulders of others. Once again, Jon Hilsenrath has been the Sage of the Federal Reserve. My only hope is that he manages to strike up as good a relationship with Janet Yellen as he has obviously had with Ben Bernanke.

This is by no means certain and we can’t really know what direction Yellen will take in leading the Fed until she takes over. Bernanke’s softly-softly consensus building approach, for all the criticism it has received, has meant we’ve had warning in advance of the FOMC’s decisions. Even September’s non-taper, which wrong-footed everyone (me included), was signalled in the days before by Hilsenrath.

 

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18th December 2013 — Can the FTSE make it to 7,000?

This is turning into a bit of a crunch time for the FTSE100. The Santa Rally has faded and the index has been treading water since the start of December. The hopes of the bulls to see 7,000 before the year end are currently hanging by a thread. Today’s possible taper decision by the FOMC is almost certainly behind this month’s lacklustre performance and the question now is how will the market react to whatever is announced this evening?

From a technical point of view, the MIDAS Method provides an extremely clear view of the current state of play. It is just up to MIDAS users to decide what to do. Below is my plan.

 

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16th December 2013 – Europa Oil & Gas; Ouch!

 

Another day, another deeply discounted placement on AIM…This morning it was the turn of Europa Oil & Gas (EOG) to act out its own interpretation of building “substantial value for shareholders”.

Now I don’t know about you, but conducting a placement at 6p, when your stock was trading at 10.5p just under a month ago (ahem, after a well timed presentation or two…), doesn’t really strike me as building shareholder value. But what do I know?

 

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13th December 2013 – The Baltic Dry Index surges back to life

Since the early summer, I’ve been following the Baltic Dry Index (BDI) closely. Tracking twenty three of the world’s busiest shipping routes, the BDI is one of the purest indicators of genuine economic activity out there. It has acted as a superb leading indicator for the general mining sector over the years and I’ve been watching for any sign of a turnaround, as a precursor for getting back into these battered stocks. My original target was for the BDI to regain and hold 1,500, the minimum level I associate with genuine global growth.

 

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