Press Room

Our trading desk provides regular market analysis and timely opinion for the leading national and international press.

 

Sharecast - Broker snap: Sell Carnival into any rebound, says Galvan

23 January 2012

“Galvan Research regards Carnival shares as a sell into any initial rebound after the Concordia tragedy,” according to the broker’s head of research Andrew Gibson.

This is Money - INVESTMENT EXTRA'S HOW TO FIND CHEAP SHARES: Look for strong balance sheets

17 January 2012

City firm Galvan Research & Trading, meanwhile, believes the past few years have toughened up our blue-chip companies. They are financially strong and their management is resilient and far more wily for having been through the financial crisis. ‘It could very well be that much of the downside has already been explored,’ said head of research Andrew Gibson.

Broker snap: Rexam's a 'canny investment', says Galvan

24 November 2011

“The upside for Rexam should be the current position of the 200-day moving average at 360p,” said Galvan’s head of research Andrew Gibson.

Sharecast - Broker snap: Galvan reiterates buy on AMEC

11 November 2011

"In August AMEC shrugged off any uncertainties over the trading environment as it hiked the dividend payout and boosted expectations of an uplift during H2, helped by a recent acquisition," said Galvan's head of research Andrew Gibson.

Reuters - STOCKS NEWS EUROPE-ICAP falls; "momentum" sell for Galvan

2 November 2011

"Galvan Research currently views ICAP shares as a momentum sell in the wake of this week's price action gap to the downside and after the blow to sentiment and earnings forecasts in connection with the MF Global collapse," says Andrew Gibson, Head of Research at Galvan.

Sharecast - Broker tips: Capita, Premier Foods, Stagecoach

10 October 2011

“Outsourcing is designed to achieve efficiencies and is particularly suited to economic downturns, a factor well illustrated by the Capita forward bid pipeline,” said head of research Andrew Gibson.

Reuters - Weak oils, miners pull Britain's FTSE lower

21 September 2011

Shares in Fresnillo have bounced off the current level of the 50-day moving average at 1,839 pence and while above the intraday low of today at 1,910 pence, the upside indicates the bottom of the September gap down towards 2,100 pence as a near-term target," Gibson said, with Galvan repeating a "buy" stance on Fresnillo.

Digital Look - Premium tips: Charter, Essar Energy, JD Wetherspoon

9 September 2011

Sell Essar Energy, recommends Galvan Research, despite the India-focused energy company’s strong results for the first half of 2011. “Recent regulatory issues combined with a high level of net debt suggest that even close to 52 week lows, the shares have further to fall.” The target price is confirmed at 233p.

Scotsman - ARM Holdings

24 August 2011

"after the August pullback in the share price due to market turbulence". A survey from IHS in July suggested ARM's chip designs will be in nearly a quarter of all notebooks by 2015, head of research Andrew Gibson said.

Reuters - STOCKS NEWS EUROPE-BT Group up on positive broker comment

10 August 2011

"With a bear trap rebound from back below 160 pence this week, a return for BT shares to the pre-August resistance zone above 190 pence looks highly likely while 160 pence support remains in place," Gibson adds highlighting technical factors for the stock.

Reuters - STOCKS NEWS EUROPE-Weir hits record; Goldman raises target

26 July 2011

"While this remains the case, the upside here should be towards the late 2010 price channel top of 2,275 pence plus," Gibson says

Reuters - STOCKS NEWS EUROPE-Centrica higher after price rises

11 July 2011

"Rather than get mad at the price hikes, perhaps it is time for British Gas customers to get even and buy Centrica shares, which will no doubt benefit from the latest steep rises in gas and electricity prices," Andrew Gibson, Head of Research at Galvan Research and Trading, says.

Scotsman - One to watch: Swedish Match

23 June 2011

After last month's decision by private equity group 3i to raise its dividend, Andrew Gibson, head of research at Galvan, yesterday issued a "buy" rating. He said: "The hike in the 3i dividend is an important development as it signals a new level of confidence from management over prospects for the group."

Reuters - STOCKS NEWS EUROPE-Fresnillo up; technical factors support

21 June 2011

Galvan's head of research, Andrew Gibson, says Fresnillo shares have once again bounced off the 1,300 pence support zone, in place since the start of the year and so far tested successfully on four occasions.

Scotsman - One to watch: Avingtrans

1 June 2011

THE "dream scenario" for BAE Systems would see the engineering giant's share price "squeeze higher" if recent fears over government spending cuts have been overdone, according to Galvan. Head of research Andrew Gibson said: "With cost cutting completed, the stock should start to accelerate to the upside."

Reuters - STOCKS NEWS EUROPE-SABMiller up; Galvan adds to "buy" list

27 May 2011

In any event the gain in market share is more than enough to warrant adding SAB to the Galvan Research buy list," says Andrew Gibson, head of research at Galvan.

Reuters - FTSE ends flat as miners' recovery lends support

16 May 2011

"To (an) extent I think a lot of institutions or anyone overseeing funds will already now have factored (it) in and actually be looking on for more relevant or more fresh catalysts," Galvan's Woolfitt said.

Reuters - STOCKS NEWS EUROPE-Serco up; Galvan "buy", technicals help

18 April 2011

"Recent broker backing for Serco shows a surprisingly objective view of the company's prospects, as unlike many other reviews it shows that the impact of Government spending cuts on the outsourcing group is less severe than at first thought," says Andrew Gibson, head of research at Galvan.

Business scotsman - One to watch: Burberry

14 April 2011

THE "bearish technical picture" on Standard Life's shares marks the Edinburgh-based insurance and pensions giant as "a sell for the near term", Galvan Research said. Head of research Andrew Gibson added: "The market is clearly less than impressed with the overall fundamental returns from Standard Life."

Business scotsman - One to watch: API Group

8 March 2011

Andrew Gibson, head of research at Galvan, said that while Vedanta posted record profits in January, "uncertainty regarding the future of its £5 billion proposed takeover of Cairn India is likely to lead to further share price underperformance until the deal is completed one way or another".

Reuters - STOCKS NEWS EUROPE-Fresnillo shines; Galvan bullish

2 March 2011

"On a fundamental and technical level, currently Fresnillo is absolutely in the right place at the right time, and this view is once again borne out by the latest trading update where silver and gold record highs resulted in the best year in (the company's) history," says Andrew Gibson, head of research at Galvan.

Daily Mail - MARKET REPORT by GEOFF FOSTER: Coal of Africa is stoked by talks

28 February 2011

Aero engineer Rolls-Royce rose 5.00p to 617.00p on a Galvan Research recommendation. Recent 2010 results were better than expected and the group has since won a major £1.4billion Emirates support deal.

Reuters - STOCKS NEWS EUROPE-Inmarsat up as stock overhang cleared

8 February 2011

"The real icing on the cake comes from the exit of stakeholder Harbinger, an event that lifts any uncertainty in terms of selling pressure on the stock price," said Andrew Gibson, head of research at Galvan.

Reuters - Egypt unrest frays FTSE's nerves; oils calm

31 January 2011

"BG Group remains a dark horse among leading FTSE 100 oil & gas explorers even though the ongoing exploration developments in the massive Santos Basin should be uppermost on trader's radar," said Andrew Gibson, head of research at Galvan.

Wall Street Journal - UPDATE:JD Wetherspoon Says Below Cost Alcohol Sale Ban Ineffective

19 January 2011

"The statement today really does lay the foundations for a market re-rating, and shows the group have delivered generally solid sales growth against the backdrop of a harsh economy and adverse weather," Galvan head of trading, Ed Woolfitt said

Business Exchange - Galvan Early Snapshot - CARPHONE RINGING UP GREAT NUMBERS (385p) - IBTimes

18 January 2011

Ed Woolfitt, Head of Trading at Galvan Research comments on the Carphone Warehouse (CPW) trading update this morning

The Independent - Market Report: Regulation worries weigh on Vodafone

13 January 2011

Meanwhile Greggs ended the session 15.4p stronger at 465p as it announced a modest rise in its Christmas sales. The baker's revelation that it plans to open 80 new stores in 2011 led Ed Woolfitt from Galvan Research to say he "cannot see the shares as anything other than a solid buy for long-term growth".

Reuters - STOCKS NEWS EUROPE-Persimmon up as forecasts raised

10 January 2011

"Shares are a buy on any weakness down to the current level of the 20-day moving average at 420 pence," said Ed Woolfitt, head of trading at Galvan.

Wall Street Journal - U.K. Adverse Weather Claims More High Street Victims

6 January 2011

Ed Woolfitt, Head of Trading at Galvan Research, said Mothercare's decision to stop taking orders was a "selfless act," but he noted that the company has also in the past struggled to successfully trade through periods of adverse weather.

Express - Retailers nervous ahead of VAT rise

1 January 2011

Analysts at Galvan Research think luxury goods group Burberry will do well.

Express - Will the shine rub off gold in 2011?

31 December 2010

Galvan Research predicted the price could hit $1,650 in 2011 because of a weaker dollar, potential eurozone break-up and devaluation of paper currencies.

The Independent - ARM raised by talk of new Microsoft system

23 December 2010

"Everybody seems to be choosing them," said Andrew Gibson, the head of research at Galvan. "It was Apple, then Google and now Microsoft – they have got the big three."

Reuters - STOCKS NEWS EUROPE-Petrofac higher after bullish update

17 December 2010

"The statement today provides further reassurance of progress, and as (Petrofac's) Chief Exec Ayman Asfari says, even if the Petrofac doesn't move into the EPC phase of the South Yoloten project in Turkmenistan until 2011, the group still expects to close 2010 with record levels of year-end backlog," says Ed Woolfitt, head of trading at Galvan Research.

PRWeb - Possible Burberry Takeover Questioned

16 December 2010

According to Galvan, Luxury British clothing retailer Burberry is again the subject of take-over rumours, although American hand-bag maker Coach has been joined as a prospective buyer by a private equity group and an anonymous Asian investor, advises Ed Woolfitt, Head of Trading at Galvan Research.

Mail Online - Betfair woes persist after a dismal float

15 December 2010

Ed Woolfitt, an analyst with Galvan Research, said: 'This is a profit warning and the market is interpreting it as such. 'No one seems to have benefited from the IPO apart from the people selling the shares.'

The Independent - Investors check out bid talk on Burberry

9 December 2010

Clearly, the markets weren't as keen as Galvan Research's Ed Woolfitt, who said the bus and train company was "in pole position as the best listed UK transport play".

City AM - HMV Needs Uptick In Christmas Sales

9 December 2010

Galvan believes the combined growth story puts Stagecoach in pole position as the best listed UK transport play, and at 215p the shares are a solid buy for a return to year highs of 226p and beyond.

ADVFN - JJB Sports' Shares Plunge On Loan Breach Fear

2 December 2010

But Ed Woolfitt, Head of Trading at Galvan Research told clients: "Until a White Knight rides in to save the day and rescue the business, Galvan Research believes it is unlikely that the retailer will survive in its present form."

City AM - Christmas Cheer For Carphone Warehouse

2 December 2010

Analysts at Galvan Research say that with the first satellite successfully launched, the company will be viewed by analyst and the markets alike as a maturing satellite communications provider.

Reuters - ITV weak after update, broker downgrade

16 November 2010

Meanwhile, Ed Woolfitt, head of trading at Galvan Research says it is clear from the update that the strong recovery in TV advertising continues to drive ITV forward, but with the uncertain outlook, Galvan feels some caution would be well advised at this juncture.

The Independent - Soco rises as brokers say it is ripe for a takeover

11 November 2010

On Tuesday it had stormed ahead of the pack, but yesterday brokers had mixed feelings, with Evolution Securities keeping it as a "sell" as Galvan called it "a no brainer ongoing buy".

Reuters - Asian Citrus gain on update

8th November 2010

"The group offers an intriguing play on the health of the China economy and improving health standards among this almost unthinkably huge population," Galvan Research says in a note.

This is Money - Golden rules of investing in gold shares

18 October 2010

"While the current frenzy for gold has brought with it anecdotal evidence of panic buying..."

Mail Online - The golden rules of yellow metal

15 October 2010

"The more practical way of gaining exposure is via the mining sector and gold stocks within it..."

Reuters - Lean times point to M&A action for UK brokers

30 September 2010

"I can see that there will be consolidation for a number of reasons," said Andrew Gibson, head of research at Galvan, a contract-for-difference advisory firm in Truro Cornwall.

Reuters - Europe shares dip at end of best quarter in a year

30 September 2010

"The Dow's bounced straight off a top-trend that's happened since the start of September, so fundamentals (are) better than expected, technicals continue to be bullish," said Andrew Gibson, head of research at Galvan.

Proactive Investors - The week ahead

26 September 2010

The FTSE 100 has backed off 4-month highs above 5,600 after hints from the Federal Reserve that a new wave of quantitative easing will be required to stimulate the U.S. economy...

Reuters - Stocks News Europe - Bunzl up; technical factors support

24 September 2010

"The likelihood is that while above the 20-day moving average at 749 pence the upside for the stock will be as high as the 2010 intraday high of 784 pence," Andrew Gibson, head of research at Galvan, says.

Reuters - Stocks News Europe - Resolution weak on blue chip debut

21 September 2010

"The recent premium in the (Resolution) share price associated with FTSE 100 entry and the AXA acquisition are now well and truly factored in, and with no other positive drivers for now, we expect a period of share price consolidation," Andrew Gibson, head of research at Galvan, says.

TalkTalk - FTSE rallies as commodities stocks, banks lead

17 September 2010

"Investors are increasingly seeing Asia as the key driver of market sentiment," said Ed Woolfitt, head of trading at Galvan.

Reuters - Stocks News Europe - Cobham weak; Galvan "technical sell"

16 September 2010

"While below the 200-day moving average at 239 pence, we believe a retest of the early 220 pence September support zone is likely," says Andrew Gibson, head of research at Galvan

Reuters - Stocks News Europe - Next weak; Galvan "sell into strength"

10 August 2010

Galvan says Next shares enjoyed a strong bull run on the back of the good times for the retail sector but now they face headwinds as consumer confidence wains and the imminent rise in value added tax in Britain to 20 percent approaches.

Telegraph - Investec dives on shock £100m capital raising

4 August 2010

"In spite of the "on track" June trading update and subsequent contract wins the shares have failed to make further significant headway above 1,350 pence," says Andrew Gibson, head of research at Galvan.

Reuters - Stocks News Europe - Petrofac weak; technicals weigh

3 August 2010

...On this basis, Galvan believes Petrofac shares are high enough for now, offering a short term short sell opportunity until further fundamental drivers emerge.

Reuters - Stocks News Europe - ICAP up; technical view supports

27 July 2010

Andrew Gibson, head of research at Galvan maintains the view that the rise in revenues and profits coupled with the recent share price weakness is "as a good an opportunity as any to take a long position."

Reuters - Autonomy higher; technicals stand out

15 July 2010

Andrew Gibson, head of research at Galvan, says Autonomy shares have been in a rising trend channel since November, with the floor currently running level with the 50-day moving average at 1,818 pence.

Reuters - Builder Bovis resumes dividend

09 July 2010

"Make no mistake, this is a strong performance from Bovis in a difficult market where many of its competitors are struggling," said Ed Woolfitt at Galvan Research.

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