UK Stockmarket 2009 and beyond

sabretoothtigger

The report I quickly read on wich said they are profitable. If the company is airtight and able to keep paying a reasonable yield then thats a fine reason to invest but trading there shares might see a loss short or medium term. I dont know their debt or if they are solid or not but property is naturally long term.
I hold a property fund in a pension, since I cant get the money for a while anyway I figure its good and I even got some more in april. Shorter term I'd rather have property in a country with gdp growth, I like infrastructure but some have described it as the next bubble so caveat emptor



Conclusions on the spreadbetting would be that sp500 did break the red line trend but stayed close to it, so not a clean break. These things can only be drawn as a line in the sand I guess

Whats more significant usually is the spr levels, support pivot resistance levels. I'll mark that on a graph so their influence can be garnered but basically the market did not rebound till it had exceeded the support level I mention in the second post above.

So thats broken and a reason for strong caution. At the same time it was also about the best time to enter in retrospect. Looking at the volume, it also confirmed good momentum to go with the inflection from the support.
Could also be taken as a rough double touch off that line, seems very unclear to me but no doubt its familiar to regular traders


I lost the other levels sorry My second post occurred 12:30 on this chart




Another ftse250 company, I speculated earlier on they might reenter the ftse100. Seems to me its on the radar with their 25% rise from a commodities squeeze

Shares in sugar and sweetener group Tate & Lyle (TATE) edged down by 5p to 410p after it announced its trading statement for the six months ending 30th September 2009. Operating profit is expected to be broadly in line with last year. The company stated that demand from food and beverage customers had proved resilient, though it continues to experience challenging conditions in EU Sugar and industrial ingredients. With the majority of sugar sales for the period to 30th September 2010 now contracted with customers, the group is increasingly confident of achieving improved margins within its EU Sugar business following the final institutional price change on 1st October 2009. During the second half of the 2010 financial year, the group expects a continuation of growth in Sucralose driven by geographic exp ansion and its long-term customer contracts. Iain Ferguson, Chief Executive, said: "The encouraging start to the year that we reported in our Interim Management Statement in July has continued, with performance in the first half year, remaining ahead of our expectations."

Some symbols Im watching
cey.l egpyt gold mine
chk big natural gas usa company
dent managed etf

sabretoothtigger

Was just looking for which shares coming in or out of the ftse and this seems a good article about exactly what bias the index holds

In the public mind, it is a measure reflecting what is going on in the UK economy. In reality, more than 70% of the profits of the companies that make up the top 100 share index come from abroad. The index consists entirely of companies quoted on the London Stock Exchange, but there is nothing particularly British about many of these companies.

Menashy says: "A number of companies - particularly in the mining and natural resources sector - have no UK activities at all." He is thinking of Fresnillo (FRES), the Mexican silver miner, Antofagasta (ANTO), the Chilean copper miner, and Kazakhmys (KAZ), another mining giant based in Kazakhstan. Many more FTSE 100 companies - including oil groups Shell (RDSB), BP (BP-) and Tullow (TLW), together with multinationals such as British American Tobacco (BATS), Unilever (ULVR) and Glaxo SmithKline (GSK) - derive the lion's share of their business overseas.

http://www.iii.co.uk/articles/articledisplay.jsp?section=Markets&article_id=10054464

Hoil is merging with a turkish company apparently and may qualify soon


I read about unilever recently, I didnt realise but alot of their profits are in asia and its a growth area for them. Always good to have something to offset any weakness closer to home I figure


Currently wondering about buying shares quoted both in dollars or euros , which is better long term.
Intel are quoted in swiss francs ?





Table to show how sectors vary in their PE, yield, etc:

http://biz.yahoo.com/p/

The business to business arm of online gaming group 888 Holdings (888) revealed that it has signed an exclusive agreement with Tsogo Sun Gaming Group (TSG), one of the largest hotel and entertainment groups in South Africa. 888's Dragonfish unit will provide total gaming services for TSG's initial foray into online gaming through a joint venture to be set up in South Africa. The partnership will start off with a licensed product in the regulated sports book arena, and will be followed by the launch of casino, poker and bingo once a more developed regulatory regime is in place in South Africa, the company said. As part of the venture the two companies will market both 888's brand in South Africa as well as a new on-line brand for Tsogo. TSG operates seven casinos in South Africa that are visited by around 21 million people each year. Shares in 888 rose by 0.45p to 93.8p.

This looks interesting

India-focussed energy provider Greenko's (GKO) shares soared by 17p to 90p after it issued a number of positive updates. In final results for the year to 31st March 2009, the company reported a 5.3% increase in revenues to 13.9 million Euros which took pre-tax profits for the year 14% higher to 3.2 million Euros. Earnings per share over the period came to 3.91 cents with the company holding 11.4 million euros in cash and cash equivalents at its year-end. It also announced the acquisition of a 96MW Hydro project in the country's north-eastern province of Sikkim. The company estimates that the project will cost approximately 105 million Euros to build and will take 4 years to complete. Funding requirements will be met through the issuance of debt within three and six months for 70% of the project's cost. Speaking about the acquisition, Greenko CEO Anil Chalamalasetty said: "The project is in advanced stage of development with necessary permits in place and land acquired in a region of proven hydrological data." Separately, the firm also announced a 46 million dollars proposed subscription by US-based clean energy investor Global Environment Emerging Markets Fund III.

http://www.sharecrazy.com/share2607share/share.php?epic=GKO

sabretoothtigger

chk big natural gas usa company

This stock turned out to be pretty good short term even. Ex div on monday but rising since, it was only a quarterly but I think it should keep doing well. If matched against FCG, a natural gas fund then it runs in line with this.

I did read a story on bloomberg about gas inventories reaching 100% well before winter demand comes on line, this could mean a sharp retraction in price of gas and a second chance to buy into this commodity, I figure its relatively cheap and plentiful compared to imported oil which may become much more expensive with a weak dollar.
Anyone can buy a gas fire easy enough but extensive use like power stations is long term, Im uncertain but I estimate larger gas demand eventually due to ppp problems america may face


http://en.wikipedia.org/wiki/Purchasing_power_parity





KO - Coke has more then 50% of profits outside the dollar


INTC - Quoted in Switzerland, brazil and mexico no less but they dropped on nasdaq today as consumer confidence fell as they are seen as retail dependant.
I think this perception is maybe making them cheaper then they should really be for a unique company operating internationally.

ses6jwg

Interesting reaction to the Gulf Keystone news today, only up slightly although OIP estimate is risen from 1.5 to 2bb to 2 to 4bb.

I guess it must also be the loss for the year and rumours of a placing putting a dampener on things?

sabretoothtigger

Theres some other story about the kurd government troubles Ive read but its par for the course that the best gains are seen previous to the actual news announced. It might appreciate after its had time to sink in


http://www.bloomberg.com/apps/news?pid=newsarchive&sid=a0DIH5zCCkQY



Hyder gained about 30% in the last couple days, not sure why except its a strong recovery for them to previous levels. Had I realised they were cheap I would have had more faith but its always a guess really.
They register as up 100% for me and dont seem a sell imo, I'll pencil in a target of 400 long term

I think its an offshoot of loose money spreading back through the system, more projects are viable, etc
I must watch out for more water and infrastructure related companies with international divisons because abroad at least I think its a good trend to follow, again it could still fall back quite a bit if negative domestic numbers start to appear too much

Shares in design consultancy Hyder Consulting climbed after it reported strong trading its Asia Pacific and Middle East businesses.

The company said it Asia Pacific operations have benefited from strong sales performance in transport and property sectors, while it has seen increased operations in the Middle East.

Trading in Europe has been more mixed, with transport businesses performing strongly, but property and environment sectors being more difficult.

http://www.reuters.com/article/rbssIndustryMaterialsUtilitiesNews/idUSBNG53169220090930

sabretoothtigger

Just posting this up since it was mentioned

Talking of gross overhype. Shares in Gulf Keystone Petroleum (GKP) finished 0.25p firmer at 87.25p after it announced interim results for the six months to 30th June 2009.
With production from Algeria - a region the company is exiting - shut-in, the group did not generate revenue and losses for the period were 5.6 million dollars compared with 18.2 million dollars in 2008, ending in a loss per share of 1 cent. The company also announced that there has been progress made drilling the Shaikan-1 well in the Kurdistan Region of Iraq. After the upward revision in estimated oil in place on 25th August 2009, Gulf Keystone has revised the figures higher again following the preliminary log result from the Butmah formation.
Total estimated barrels of oil in place now stand at 2.0 to 4.0 billion barrels with drilling yet to reach total depth. As at 30th June 2009 the company had cash of 16.7 million dollars.

Oil and gas exploration company Northern Petroleum* (NOP) announced its results for the six months to 30th June 2009. Revenue of 2.8 million Euros was marginally lower than 2008's 2.9 million Euros and the loss from operations were also relatively flat at 1.2 million Euros. The group has maintained its healthy balance sheet with cash and working capital of 41.2 million Euros. During the period the firm completed the acquisition of Italy based ATI Oil and enjoyed a 35% increase in Proven and Probable reserves to 103 million barrels of oil equivalence primarily due to the acquisition. Commenting on the results, Richard Latham, Chairman said: "We now report 2P reserves of 103 million barrels of oil equivalence whilst continuing to maintain a very strong financial position. The achievement of significant levels of production is imminent and the oil price seems to be settling at a satisfactory level as are the European gas prices." Operationally, the hydraulic reservoir fracturing programme in the Netherlands has been a success while 2D seismic programmes in Sicily have been completed. Production is also expected to receive a boost in the near term from two fields in Holland with two more scheduled to start early next year. Shares in Northern climbed by 3p to 137p.

Big news out today?
http://www.forexfactory.com/calendar.php?do=geteventinfo&day=2009-10-1&c=2

turbobob

uk_steve wrote: »

Looks like the bear has come out of hiding


i am sure there will be a few bargains coming soon:beer:

He certainly appears to be back now - http://www.bloomberg.com/apps/news?pid=20601087&sid=aT0utcUy_50U

tradetime

Yes, next few days should be very interesting, S&P and Nasdaq both broke their primary uptrends today

sabretoothtigger

The dollar rose a bit too, small compensation. I saw people setting up nasdaq shorts this morning, I could have paid more attention I guess

I guess ftse will fall tomorrow now, I dont mind if it crashes for a few days so long as it bounces back :idea:


Got to love how commodity stocks fall so fast on a turn of news and they fell much faster then the average tech stock. Much better to buy them back at some point if the falls do get bigger imo, just got to decide what is the bargain price because gas was already low according to this vid:
http://www.thestreet.com/_yahoo/video/10605123/why-im-a-natural-gas-bull.html?cm_ven=YAHOOV&cm_cat=FREE&cm_ite=NA&s=1

laehc

I think markets worldwide are generally overvalued, and the UK economy has serious problems. It doesn't follow that shares have to come down anytime soon, though (although they might).
I'm guessing that if you expect a big drop, and if option prices show the market does not agree, then buying out-of-the-money put options might be reasonable, however the issues are fairly complicated and I've never actually used options.