Wednesday broker round-up
20th Jun 2012 09:21
Burberry: Nomura maintains buy recommendation and 1,530p target. Chariot Oil & Gas: Merchant Securities keeps buy rating and 232p target. Home Retail: HSBC downgrades to neutral, target cut from 110p to 100p. Imagination Tech: UBS cuts target from 480p to 470p, neutral rating unchanged. Internat
Read moreChariot to begin drilling at Namibia well
21st May 2012 09:28
Shares in Chariot Oil & Gas rose on Monday after it secured a drilling ship to spud its Kabeljou well on the Nimrod prospect offshore Namibia. The firm said that it had reached an agreement with Ocean Rig UDW to use its Ocean Rig Poseidon ship to drill at the site. The Poseidon, which is currently
Read moreChariot Chairman buys 100,000 shares
15th May 2012 16:15
Co-founder and Non-Executive Chairman of Chariot Oil and Gas, an Africa-focused exploration company, Adonis Pouroulis, has scooped up 100,000 shares in the firm. He made the purchase on Tuesday, the same day the company admitted that the Tapir South well (1811/5-1), offhore Namibia, failed to find
Read moreTuesday broker round-up
15th May 2012 09:10
Babcock: Investec reiterates buy, puts target under review; Jefferies raises target from 780p to 910p, buy rating kept. BT Group: Espirito Santo upgrades from sell to neutral, lifts target from 180p to 210p. Chariot Oil & Gas: UBS slashes target from 340p to 215p, buy rating unchanged. Drax: Inv
Read moreLondon close: Footsie sets new 2012-low on Greek concerns
14th May 2012 16:27
- Footsie closes at levels not seen since mid-December - Potential Greek exit from euro hammers stocks - Banks, miners the worst performers in London The FTSE 100 closed at its lowest levels in the year-to-date on Monday as investors speculated about what a disorderly exit of Greece from the Eurozo
Read moreWheels come off Chariot after dry well
14th May 2012 11:52
Chariot Oil and Gas, an Africa-focused exploration company, has reported that the Tapir South well (1811/5-1), offhore Namibia, failed to find commercial hydrocarbons, and will now be plugged and abandoned. The share price plunged 41.71% to 87.00p in morning trade. However, some of the results fr
Read moreLondon midday: Footsie down nearly two per cent on Greek uncertainty
14th May 2012 11:51
- Risk-off as Greek exit speculation weighs on sentiment - Eurozone finance ministers to focus on Greece, Spain and growth - Banks, miners lead the fallers on the Footsie The FTSE 100 index traded broadly sideways in morning trade, holding on to the steep losses seen in the opening hour on the back
Read moreBroker tips: Kesa Electricals, Thomas Cook, Chariot Oil and Gas
14th May 2012 11:19
Investec may have slashed its forecasts for electrical retailer Kesa Electricals but the broker has decided to raise its rating on the stock from sell to hold. Since the disposal of Comet in November 2011, Kesa's share price has continued to weaken "as investors fret over the macro-economic implica
Read moreBroker snap: Jefferies stays positive despite Chariot's Tapir South failure
14th May 2012 09:23
Jefferies has reiterated its buy recommendation for AIM-listed explorer Chariot Oil and Gas despite the recent disappoint at its Tapir South frontier exploration well in Namibia. Preliminary logging results have shown that, although excellent reservoirs were penetrated, no commercial hydrocarbons w
Read moreMonday broker round-up - UPDATE
14th May 2012 07:48
Antofagasta: AlphaValue downgrades from add to sell, target cut from 1,201.3p to 915p. Avanti Communications: Jefferies reiterates buy rating and 600p target. Chariot Oil & Gas: Jefferies keeps buy rating and 355p target; Merchant Securities keeps buy recommendation and 232.1p target. Dignity: In
Read moreFriday broker round-up
13th Apr 2012 10:09
Aggreko: UBS ups target from 2,500p to 2,550p, buy rating unchanged. AstraZeneca: Jefferies maintains hold with a 3,050p target. Burberry UBS lifts target from 1,370p to 1,580p, neutral recommendation maintained. Chariot Oil & Gas: Merchant Securities initiates coverage with a buy rating and 402.
Read moreChariot oil buys Mauritania blocks
10th Apr 2012 08:55
Oil and gas exploration company Chariot Oil and Gas has done a deal with the government of Mauritania to explore sites off the coast of the West African country. The firm said it had entered a contract with the government for a 90% interest and operatorship in offshore Block C19, which is 30 km off
Read moreChariot reports wider losses, announces fund raising
20th Mar 2012 12:52
Africa-focused oil and gas exploration company Chariot Oil and Gas reported wider losses last year but was upbeat about its prospects for 2012 with the spudding of its Tapir South project expected by early April. The company reported a pre-tax loss of $9.2m in the 10 months ended December 31st, st
Read moreBP takes a ride with Chariot
16th Mar 2012 11:02
Chariot Oil and Gas says it is 'pleased' that BP has taken a further stake in an licence offshore Namibia. BP has upped its holding in "Block 2714A" to 45%, having acquired 20% from the operator Petrobas Oil and Gas. The ownership of the site now stands at Petrobras 30%, BP 45% with Enigma Oil & G
Read moreBroker tips: Admiral, Cobham, Chariot Oil and Gas
7th Mar 2012 11:24
Shares in car insurance group Admiral raced 11 percent ahead on Wednesday morning following the release of its full-year figures, with Nomura giving a lift after saying that the results give comfort on prospective forecasts. Importantly, Nomura says that the ultimate loss ratio (ULR) of 74% was in
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