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Chris Oil talks about Sefton Resources New World Oil and Gas and UKOG

Welcome to the ADVFN Podcast, episode: 236

Sefton Resources

On today’s podcast: Chris Oil resources Sefton Resources, New World Oil and Gas & UKOG

Chris Oil
– Plus the Micro Macro news
– The broker forecasts

INTRO

“Diversification is protection against ignorance. It makes little sense if you know what you are doing.” Warren Buffett.

I’ve decided to sell some stocks to concentrate my portfolio to achieve more upside.

Here’s a good article from The Telegraph

Jim Slater: My seven rules for a successful share portfolio

Penny Stocks

To see the performance of previously suggested ten bagger stocks (and to suggest one yourself) click HERE

To see the performance of my Sunday Stock Picks, as sent out in my weekly newsletter, click HERE

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Macro News

British manufacturing growth slowed unexpectedly to its weakest rate in more than two years in June, dented by subdued export demand from Europe in the face of a strong pound.

The Markit/CIPS PMI fell to 51.4, the weakest reading since April 2013, from a downwardly revised 51.9 in May.

 

Final Eurozone Manufacturing #PMI came in at 52.5 for June. Growth was registered in all nations except Greece

 

The Airports Commission has backed a third Heathrow runway, saying it will add £147bn in economic growth and 70,000 jobs by 2050.

 

Micro News

Here’s the Good News

Sirius Minerals have received approval from North York Moors National Park Authority for their Potash Project planning application.

Tullow Oil has taken action to “re-set” the business for the new oil price environment and slightly increased its guidance for full-year production after enjoying strong West Africa oil production in the first half.

Croma Security has signed a contract to provide an integrated security platform to an unnamed, major industrial client in Saudi Arabia.

Agricultural and distribution business NWF Group said its full-year trading has been slightly ahead of corporate expectations thanks to robust volumes in the feeds division.

Imaginatik has won a $250,000 consultancy contract with an existing energy sector client in the US.

Profits in the first half of the year at Serco were flat compared to the same period last year but “a little better” than predicted, though management have not altered their expectations for the full year.

Pub group Greene King reported record retail revenue in its full-year results, although profit fell on the back of lower like-for-like sales and the impact of the disposal of 275 pubs to Hawthorn Leisure.

 

Here’s the Bad News

Speedy, the UK’s leading tools, equipment and plant hire services company issued a trading update stating they’d experienced a slower than expected start to the current financial and that Mark Rogerson has decided to step down as Chief Executive Officer.

North Sea focused oil and gas company Independent Oil and Gas (IOG) said it had not received the funds it raised from a new share issue last week.

AIM-listed ‘smart home’ technology provider LightwaveRF has issued a profit warning three months before its year-end due to sales being hit by customer relationship wrangling, saying sales and profit would be flat.

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The Broker Forecasts

Upgrades

Canaccord Genuity has initiated coverage of Lamprell with a Buy rating, price target 180.00p

Cantor Fitzgerald has upgraded Faroe Petroleum to Buy with a price target of 101.00p

Northland Capital has initiated coverage of Sunrise Resources with a Speculative Buy rating

Downgrades

Canaccord Genuity has downgraded Tullett Prebon to Hold with a price target of 375.00p

 

Penny Stocks

Today’s Ten Bagger Suggestion is:

To see the performance of previously suggested ten bagger stocks (and to suggest one yourself) click HERE

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One Million Pound Penny stock Punt Experiment 300

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My stock pick of the week, which is not available on my podcast, plus other useful resources.

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All the financial information above come from a combination of the following sources: ADVFN BBC Business Reuters Digitallook.com Broker Forecasts Investors Chronicle Shares Magazine Markit Economics ONS

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July 1, 2015