Saturday, September 1, 2012

Friday's most followed, including Cairn Energy, Redrow, JJB Sports, Aminex and Beowulf Mining

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Fri 3:24 pm

As investor eyes were firmly trained on the Bernanke meeting in Wyoming, Cairn Energy () was one of the most popular searches on Finance UK.

The firm unveiled half year results this week and yesterday analysts at dismissed press reports that the firm was about to embark upon a new exploration campaign in Greenland.

Deutsche said the fears over Greenland, which are reportedly responsible for a 4 per cent fall in the share price yesterday, are not supported by either either yesterday?s update or the wider strategy.

The oil firm?s Greenland strategy has remained consistent since the start of this year, Deutsche noted.

The most popular RNS statement this morning was one from home builder Redrow (), which confirmed that three investment firms have made a takeover approach for FTSE 250 firm.

Shares in Redrow ?were up 2.72 per cent in early deals, to change hands at 155.10 pence.

The firm was also among the most popular stories on news.

Meanwhile, troubled sports retailer JJB Sports was the most actively traded stock, while US Oil & Gas and Gulf Keystone Petroleum () topped the liost of the most discussed stocks on bulletin boards.

Yesterday, it emerged that JJB Sports () had hung up the for sale sign after admitting it is unlikely to raise new funds to keep the business afloat.

Also among the most read statements was one from oil explorer (LON: AEX), which hailed a breakthrough six months in which its exploration programme delivered spectacularly, and revealed it is in the final stages of negotiating a US$15 million loan to fund further work in Tanzania.

Beowulf Mining's () news was also among the most read from the London Stock Exchange.

It unveiled ?promising? assay results from this year?s drill programme at the Kallak North iron ore project in Sweden.

The results were from the first nine of the sixteen holes drilled so far. And they include significant high grades of up to 54.6 per cent iron.

Also this morning, the company released its interim results statement.?

The explorer, which has no revenue generating operations, reported a ?386,955 pre-tax loss for the six month period.

It ended the first half with around ?5 million in bank.

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Source: http://www.proactiveinvestors.com/columns/most-followed-companies-uk/2032/fridays-most-followed-including-cairn-energy-redrow-jjb-sports-aminex-and-beowulf-mining-2032.html

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