LSE Market News

New chief executive asked to relocate Rio Tinto’s HQ to Australia. British-Australian miners Rio Tinto’s new chief executive, Sam Walsh, has been told to move its headquarters to Australia by mining billionaire Gina Rinehart, arguing that it will benefit “shareholders who have seen much diminution in value via investments in risky countries, and for the […]

I met up with Roger Lawson of ShareSoc last week to chat about life and record a video. The son of a miner, Roger is a self made man and commands my respect for that. When I lash out at an aspect of AIM, the City establishment can dismiss me as a maverick. See if […]

This morning AIM listed penny dreadful oil producer Sefton Resources (LSE:SER) has via its lawyer Pinsent Masons sent lawyers letters to myself and BrokerMan Daniel. Such is the competence of this company that it sent the hard copy to an address that I have not lived in for three years. Luckily it got the email […]

On 15th January AIM listed super IPO of 2012 WANdisco (LSE:WAND) served up what was a very upbeat and impressive trading statement prompting modest upgrades from its paid for research lackeys at Edison and GE&CR and sending the shares soaring ahead to a 577.5p share price. The 2014 PE ratio is now in the region […]

On 17th January AIM listed Chaarat Gold (LSE:GCH) announced that the Government of the Kyrgyz Republic had implemented a new tax code effective as of 1st January. The new system is clearer than the old offering more transparency and as it happens will benefit Chaarat when it starts producing around Christmas. Please note Call Me […]

Welsh wafer company IQE (LSE:IQE) is no two bit penny stock. It is capitalised at £227 million. That is not the sort of company whose share price is moved by traditional tipsheets. Yet its shares did move today directly after a free share tip was sent out by ADVFN’s new Onefreesharetip.com service. Now 11 days […]

Rio Tinto (LSE:RIO) share price had plunged by as much as 28.00 pence by 2:10 pm today from yesterday’s close of 3,458.00.  The company announced the ouster of CEO Tom Albanese and Energy CEO Doug Ritchie. As with all announcements of this kind, the termination was described as a “mutual agreement.”  Why do they say […]

The headlines are popping up everywhere this month as one after another Tyrannosaurus wrecks.The latest dinosaur to bite the dust is Blockbuster Video.  It followed in the footprints of HMV and Jessops who went into administration earlier this month. Imagine music, movies, and camera supplies being sold at a retail store.  Sort of an odd […]

AIM-listed advanced plastics technologies company Symphony Environmental (LSE:SYM) has today announced that “revenues for the month of December were significantly less than anticipated on 5 December and as such the trading loss for the year will be materially higher than £1.1 million (previously expected)”. Unusually, the shares are currently trading slightly higher, at 3.5p, on […]

Like many junior miners, AIM listed Highland Gold Mining (LSE:HGM) saw its share price decimated during 2012. The stock traded at 197p at the start of the year. Just before Christmas I flagged this up as a stock to have a nibble at when the share price was as low as 91p. In the three weeks that […]