Tuesday broker round-up
3rd Nov 2015 11:08
(ShareCast News) - Getech Group: WH Ireland downgrades to sector perform, cuts target price to 40.00p. Kingfisher: JP Morgan Cazenove initiates new coverage with an underweight, sets target price at 320.00p. Intercontinental Hotels Group: Nomura reiterates to neutral, cuts target price to 2698.00p.
Read moreGETECH Group warns trading will miss expectations next year
3rd Nov 2015 10:02
(ShareCast News) - Shares in GETECH Group slumped over 14% early on Tuesday, after the oil services businesses warned its trading in the new year will be "substantially below" market expectations. "In the short term there remains considerable uncertainty about the state of the market and its impact
Read moreGetech surges as it says annual pre-tax profit will double
7th Aug 2015 10:27
(ShareCast News) - Getech, which provides data, studies and services to the oil, gas and mining exploration sectors, surged after saying it expects pre-tax profit for the year to double. The company said results for the year to 31 July should show a very significant improvement year-on-year, with pr
Read moreSector movers: Petrofac profit warning sinks oil services stocks, OPEC meeting eyed
24th Nov 2014 15:11
A profit warning from blue-chip oilfield services group Petrofac rattled the oil services, equipment and distribution sector in London on Monday, with stocks falling by an average 10%. There was nervousness ahead of a pivotal meeting of the Organization of Petroleum Exporting Countries (OPEC) on Thu
Read moreJupiter CIO Chatfeild-Roberts pockets £2.3m
6th Nov 2014 15:46
John Chatfeild-Roberts, the chief investment officer of Jupiter Fund Management, has trousered a tidy £2.29m after selling shares in an options deal a few weeks after they recovered from 12-month lows. Chatfeild-Roberts, who heads the Merlin multi-manager team and has been at Jupiter since 2001, sol
Read moreGetech's annual pre-tax profits drop
4th Nov 2014 15:53
Getech, the oil services business specialising in the provision of exploration data and petroleum systems evaluations, on Tuesday reported a drop in annual pre-tax profit as revenue fell. Profit before tax fell to £1m from 2013's £2.2m, as revenue declined to £6.5m from £8m the prior year. Earnin
Read moreGetech scores its largest ever contract
8th Sep 2014 08:56
AIM-listed Getech has landed its largest ever single new contract, worth $5m. The geosciences business said the new services contract, which was awarded by the Angolan National Oil Company, would be carried out by its commissions division. Getech said the majority of the income from the project wil
Read moreWednesday broker round-up UPDATE
13th Aug 2014 09:55
Caledonia Mining: Numis lowers target price from 100p to 90p retaining a buy recommendation. Chemring Group: Panmure Gordon initiates with a target price of 328p and a buy recommendation. CLS Holdings: Liberum Capital raises target price from 1551p to 1647p and keeps a buy recommendation. CSR: Je
Read moreGetech Group signs $2m contract
11th Jun 2014 08:01
AIM-listed petroleum and minerals firm, Getech Group, announced it has secured a $2m contract with an unnamed US oil and gas company. Under the terms of the contract the group will be supplied with a long term licence for regional high resolution gravity and magnetic data. The group had previously
Read moreTuesday broker round-up UPDATE
10th Jun 2014 09:45
ASOS: Goldman Sachs reduces target price from 6250p to 5750p, while upgrading to strong buy. Avon Rubber: Investec lowers target price from 690p to 680p and downgrades from buy to add. BAE Systems: Investec downgrades from add to hold with a target price of 430p. BG Group: Exane downgrades to neu
Read moreGetech warns results will be significantly below expectations
10th Jun 2014 08:56
AIM-listed Getech has warned that as a result of slow purchasing levels by clients, it now anticipates that its results for the 12 months ended July 31st will be "significantly below market expectations". The group explained that the low purchasing levels experienced were in common with the wider
Read moreTuesday broker round-up UPDATE
1st Apr 2014 09:39
African Barrick Gold: Deutsche Bank raises target price from 240p to 310p and keeps a hold recommendation. African Minerals: Deutsche Bank lowers target price from 399p to 382p, while its buy recommendation is kept. Allergy Therapeutics: Panmure Gordon ups target price from 16p to 25p and retains
Read moreFour Babcock directors build stakes after exercising options
14th Aug 2013 16:49
Four members of Babcock's board of directors exercised share awards in the engineering support services firm over the past few days, building their stakes following a strong rise in the share price so far this year. Babcock has performed relatively well in 2013 despite the ongoing wider market vola
Read morePolymetal International Chief buys 100,000 shares
19th Apr 2013 08:12
The Chief Executive Officer of Polymetal International has purchased 713,750 pounds-worth of shares, just two days after the FTSE 100 mining group reported that the Mayskoye mine in Russia had produced its first dry gold concentrate. Vitaly Nesis celebrated the news with the purchase of 100,000 sh
Read moreSector movers: Oil services hit by Wood Group disappointment
13th Dec 2012 15:45
Wood Group dragged the oil services sector into the red on Thursday following a pre-close trading update which pointed to mixed trading in its Engineering division. The company said that it expects to deliver "good growth" this year in line with expectations, but shares dropped 3.7% to 740p in afte
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