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Royal Mail to go public (advised by Lazard

The British package service Royal mail was available to private investors last week, they are being advised through this process by Lazard Ltd. (NYSE: LAZ). Lazard is a financial advisory founded in 1848 with noted leaders like CEO Kenneth Jacobs. Seeing a wave of investors jumping on a chance to invest, placing orders for far more shares than being offered. They are making their full public offering on October 11th, individuals interested in investing can apply for shared but the offer is expected to close on October 8th. Positives for investing  Royal Mail is well placed for growth from online shopping. Leading provider of postal services in the UK Royal mail has been restructuring to be more efficient since 2008 Negatives of investing Letter volume continues to decline as digital press increases. Disputes with trade union could disrupt national distribution Performance is effected by macroeconomic trends Has an aging IT infrastructure.

  http://aclassasset.blogspot.com/2013/10/royal-mail-goes-public-as-advised-by.html

Now that the long overdue (and predicted) contagion from the cash market has hit repo, things are going from bad to horrifying. Following overnight news that HK is hiking haircuts on Bill collateral, and with increasingly more counterparties now segregating what collateral is eligible, if not shutting down the bill market outright, suddenly the universe of eligible repo market securities has imploded. It also means the overnight repo rate, as we said on Monday would happen, is exploding. Moments ago ICAP reported, via SMRA, that the general collateral overnight rate has nearly doubled from 0.15% to 0.27% and rising.

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Lloyd a buy after de-nationalization

Wake up, there is money to be made! This morning, both of our member services (theResearch Center and Intra Day Stock Chat) are seeing gains in their accounts. 

1st: The Research Center, which is where swing traders and those who are looking to hold positions for days to weeks reside. Research Center members were alerted to enter a currency trade utilizing an ETF, which could have also been traded through other FOREX instruments last week. Today, the first profit target was hit, profits earned, and now members have a breakeven stop in place while they sit back and wait for more gains.  2nd: The Intra Day Stock Chat, during the live trading session this morning, members were alerted to some great trades and earned great profits. Don’t hear it from us, take a look below at what some members posted to our Facebook fan page wall… Try both services for 7 free no obligation days right now, click here

In a tender involving global giants such as Total and China National Offshore Oil Corporation (CNOOC), Russian Rostec wants to set up the first oil refinery in the fast growing market of Uganda, one of the most business-friendly places in Eastern Africa.

The subsidiary of  Russian state corporation Rostec - RT – Global Resources -  will partner the VTB Capital, while Tatneft will take over the operational role.  

Preliminary estimates suggest the cost of the country’s first oil refinery to be built in the city of Hoima will be around $3 billion, the Izvestia paper reports.

The Ugandan oil market is growing 10 percent annually. It’s one of the most politically-stable countries in Eastern Africa, with not local conflicts or warring neighbors, the paper quotes Karen Simonyan, the President of the Russian-African fund to support science, culture and business cooperation. Production from the refinery will go both to internal and external markets, which don’t have any refineries. Because the country is landlocked the oil products will carry a premium. 

According to the tender 40 percent of financing will be provided by Uganda, while the company that wins will be responsible for the remaining 60 percent. More than 50 international bidders are interested in developing the refinery. The results of the tender will be announced in 2014, while construction process will commence in 2015, according to Daily Monitor.

New exploration will also take place at Alberta Lake that has estimated reserves from 6 to 8 million barrels of oil. The refinery is expected to provide 1.5 million tonnes of products a year by 2017, which will almost completely cover Ugandan needs. By 2020 production at he plant is expected to double.

Investment from Russia will be less than $1 billion, according to Andrey Korobov, the General Director of RT – Global Resources,Izvestiya reports. The consortium aims to recoup the money spent on the project in a short time due to the high oil price.

Rostec considered 25 companies as major rivals, including those from the UK, US and China. The main criterion for Uganda is the construction time. Ugandan representatives have only visited Russia to talk about the proposed agreement.

(Russian oil looks to Africa: Rostec bids for first $3bn Uganda refinery via rt.com)

Amazon.com Inc. (AMZN) defeated International Business Machines Corp. (IBM)’s effort to reopen bidding for a $600 million Central Intelligence Agency cloud computing contract.

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Last night, JP Morgan was about to roll out a Q&A with #AskJPM and things went wrong.. very wrong.

More highlights here: trib.in/1bqIdEN