Author: Zak Mir

Ther has been a full update from Pathfinder Minerals, something which appears to have broken the log jam on both the fundamental and technical front. As far as the fundamental front is concerned the updated scoping study and Corporate plan look to be the highlights.

On the technical front we can see a break of the red 2014 resistance line at 1.40p opens the stock up to a top of 2018 price channel target of 2.4p – for starters, over the next 1-2 months. At this stage only back below 1.4p would even begin to change the breakout scenario.

Consort Medical has perhaps been on the radar for a little longer than short term traders might have wished for. But since the last update here there has been good work down by the stock. The key level here is the floor of the January gap at 836p. The lowest the stockk has traded at since then has been 843p intraday – and after multiple attempts at filling that gap.

All of this is important technically in the sense that any stock or market too strong to test a gap floor has to be regarded as ultra strong. At the same time the shares have their 50 day moving average now at 892p rising, and the RSI above neutral 50 at 53 – both leading indicators on a new leg to the upside. The minimum expected here would be a retest of the February peak zone near 1,000p – whatever scenario we are looking at fundamentally.

Disclaimer
Zakmir.com is a purely journalistic, not for profit website – Zak Mir is a member of the National Union of Journalists. There is no intention here of providing financial advice. It is recommended you seek an independent professional opinion before deciding whether or not to take any action with regard to anything written here.

Perhaps not too surprisingly, since we have entered the apparent twilight zone of the inverted yield curve shares of FNAC Darty have come off the boil since the turn of the month’s speculation regarding the retailer.

At the time the betting was on the company being taken private by one of its main shareholders, Ceconomy. The latest twist however, is that this scenario may be shelved in favour of a good old fashioned Management Buyout. At least the mooted level for such a deal at €90 remains the same.

As can be seen from the daily chart of FNAC, the highs for the stock over the past year have been towards €90, and therefore a deal around this zone would not be excessive. In the near term the ideal scenario is that the stock holds the December uptrend line towards €65 as it has so far this week.

Salepoint Technologies is currently in play, and is said to be being looked at by IBM, Cisco and Juniper. They are looking at the $2.5bn company, and how its technology could help their businesses.

These multiple bidders are interested in Salespoint on the contribution it makes to the space as the security technology it possesses would be a very good to all of these company. That said, the management of Salepoint are happy with their commanding position and strong hand, but could be looking for $40 plus minimum on any exit. Should this situation start to develop there could effectively be an auction situation between large tech rivals with deep pockets.

It should be noted from the daily chart of Sailpoint that the trend via the price channel of the past year has been point to a top of channel of $45, especially while near term support towards $25 remains in place.

Although the alleged idea / rumour that mining giant BHP Billiton could be interested in Anadarko Petroleum does at first appear quite fanciful, in the week or so that this information has been around, that the US group could be vulnerable to hostile speculative interest does appear credible that just idle gossip.

Recent share price strength – with $46 being a key level which is close to being broken now. does suggest that someone is running the rule over the company after it missed Wall Street expectations last month, and the sub standard Return on Equity the group has versus its peers. This means that not only might the analysts regard Anadarko as a potential recovery play, but one which may require some active new management to turn the situation around.

Disclaimer
Zakmir.com is a purely journalistic, not for profit website – Zak Mir is a member of the National Union of Journalists. There is no intention here of providing financial advice. It is recommended you seek an independent professional opinion before deciding whether or not to take any action with regard to anything written here.

As suggested and suspected in the February 22 article here, Zayo has confirmed it is looking at strategic options for the company. Given the relatively strong position the group is fundamentally, and the still relatively lowly share price, there should be a decent outcome for shareholders.

This is partly only the basis that analysts’s targets are $35 – well above where the stock is now, and that any corporate activity would have to deliver a premium to that price. Indeed, it is somewhat surprising that the shares are only up around 10%. Normally, one would have expected 20% plus. Perhaps the market has still not quite appreciated what the set up is here?

Disclaimer
Zakmir.com is a purely journalistic, not for profit website – Zak Mir is a member of the National Union of Journalists. There is no intention here of providing financial advice. It is recommended you seek an independent professional opinion before deciding whether or not to take any action with regard to anything written here.

Given the way that Inmarsat has not exactly been hitting the stratosphere in terms of its fundamental or share price performance in recent months and years, one would have thought that the company would have welcomed the $3.2bn move from Echostar last July with open arms.

Cynics might suggest that the management of the UK group were perhaps not quite as aligned with the interests of their shareholders as they could be. We may see if anything has changed in the near term, especially given the stock price malaise that witnessed a low of 355p earlier this month. Interestingly enough, we often see a bear trap – to flush out the weak hands, a few weeks before a M&A move and this could be another example of the genre. And the rumour mill has been swirling around the stock for some days before the latest story from Reuters and others.

Thursday’s price action saw the stock fill the December chart gap at 412p and then fall. The next time the shares clear this level could and should be the prelude to a more sustained rally, either off the back of a new Echostar move, or simply that the stock’s 40% decline from the 2018 peak is overdone. Ideally, there will not now be a break back below 370p – this week’s support zone.

Disclaimer
Zakmir.com is a purely journalistic, not for profit website – Zak Mir is a member of the National Union of Journalists. There is no intention here of providing financial advice. It is recommended you seek an independent professional opinion before deciding whether or not to take any action with regard to anything written here.