Trades and observations from a British contrarian stock investor

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Thursday, January 27, 2011

FT Alphaville Xcite bid rumour

http://ftalphaville.ft.com/blog/2011/01/27/471731/markets-live/

Xcite Energy Ltd (XEL:LSE): Last: 364.27, up 10.77 (+3.05%), High: 366.13, Low: 356.50, Volume: 485.62k
NH
bid rumours
NH
and also talk the test results are much better than expected

Probably complete garbage and with only 715,000 shares traded the market seems to agree.

Posted by Contrarian Investor UK at 2:54 PM
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1 comment:

  1. AnonymousJanuary 28, 2011 at 7:06 AM

    They are only ever rumours, but it gives people a bit of psychological buzz to think they MIGHT be true, or have some truth. There was a rumour a few weeks back Statoil were willing to pay £7.45. That's way too low. I hope that was only rumour! £10+ preferably nearer £15 is what I would hope for somewhere down the line. Anything over that would be fantastic.

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