Trades and observations from a British contrarian stock investor

This blog is not intended to give financial advice. Before investing, do your own research and consult your financial adviser if appropriate. The accuracy of any information included is not guaranteed and may be subject to conjecture or interpretation by Contrarian Investor. Therefore visitors should validate all facts using alternative sources where possible.

Wednesday, March 31, 2010

Investec increases holding in Falkland Oil and Gas

Investec Asset Management Ltd have increased their holding in Falkland Oil and Gas (FOGL) from 7,242,666 to 7,666,666 shares. Somewhat positive sign after the panic of Monday and shows that in their opinion the risk/reward at the current share price is reasonable.

Norseman non-exec continues to buy

Norseman Gold PLC (NGL) non-executive director David Steinepreis has acquired a further 24,100 shares in the company for A$16,972 (£10,350), and he now holds a total of 4,337,957 shares. This follows Steinepreis’s purchase of 56,750 shares.

Coal of Africa target price increased

Morgan Stanley increased the target price of Coal of Africa (CZA) this morning from 171p to 200p.