UK Stockmarket 2009 and beyond

sabretoothtigger

Char rose another 25% today wow, for all I know it'll do it again tomorrow


SBDB, owch thats a bag of snakes that one. I dont think I'd like to own that as the share free float is in the minority to basically the debtors of the company? Might be great long term but beyond my estimation

debt > equity
http://www.efinancialnews.com/privateequity/index/content/1055416804


One I heard about is jessops, basically they are winding down and will return just 100k back to shareholders which means a worth of 0.1p per share and they are still 1p meaning someone can make money shorting them presumably

Often these dead men walking companies acquire holders anyway who I think like to take a bet on extremes. If they lose the bet, they write off the loss against other profits, tax deductible and all that. If for some amazing reason jessops is bought out maybe and is worth 5m instead of 100k then thats a big profit I guess.

I think thats why they carry a premium and also explained b&b shareprice of 20p before delisting along with unfortunate private holders 'death grip hold '
(now I remember standard life owned 10% of b&b stock at the end, I guess alot of that was held on behalf of customers not sure how it works just sounds terrible)



Jii.l is a discount of 5p to NAV which seems a pretty good deal for anyone long term especially


spy just came off support but is still negative and below resistance. Intel is up though

tonygee_3

Hi steve,still ducking n diving I see;)
Re SBDB always annoys me when these Arabs get cheaper offer shares(like Barclays as well)on that principle I woulnt entertain them unless they fall.I prefer WKP anyway which pays decent DIV.

CAD was up 60%earlier only to end day DOWN!!
Very dodgy in the lower tiers

tonygee_3

I traded LAD last Thursday(for a small profit)and was suprised to find today Im eligable for the 95p RI shares?? I only had them a few hours,thought you had to hold till close.Hopefully make 50% on those:beer:

tonygee_3

:eek:WARNING Theres ALWAYS a CRASH when I go on Hols (abroad)
Im off again end of the month...be warned:eek:

sabretoothtigger

tonygee wrote: »

I traded LAD last Thursday(for a small profit)and was suprised to find today Im eligable for the 95p RI shares?? I only had them a few hours,thought you had to hold till close.Hopefully make 50% on those:beer:

I think you have to hold them at open or close at least once. Sounds like your name is on the register but you arent entitled, whoever bought them from you is the one with the rights I'd guess because of the 3 day settlement time




How madoff made his millions - http://consumerist.com/5376877/free-money-from-the-us-mint-scheme-scam-or-gamble




Intel reports - I thought it was bad at first but really it was less worse which is entirely different surprise earnings basically to the effect of a 4.5% jump after hours in a 100bn $ company, so a pretty positive influence for ftse?






http://www.marketwatch.com/story/intel-posts-lower-profit-but-beats-views-2009-10-13?siteid=bnbh

Faber told Bloomberg Television he advised people to buy Intel shares last December because it would beat the performance of U.S. government bonds over the next five to ten years. The yield on the benchmark 10-year Treasury note has been in a range between 2.14 percent and 4 percent this year.

http://www.bloomberg.com/apps/news?pid=20603037&sid=aS5kmTh2oZg4

Oct. 13 (Bloomberg) -- Goldman Sachs Group Inc. was cut to “neutral” by Meredith Whitney as the analyst who correctly predicted Citigroup Inc.’s dividend cut two years ago dropped her only “buy” recommendation.
Whitney cited valuation for the downgrade of Goldman Sachs, the biggest U.S. securities firm before converting to a bank last year, and said her outlook for the company remains bullish. Goldman Sachs surged 34 percent between July 13, when Whitney raised her rating on the New York-based bank to “buy,” and yesterday.
“While we are fundamentally constructive on Goldman Sachs over the long term, we prefer to invoke a ‘why be greedy’ rationale and lock in profits at these levels,” she wrote in a research report.
Goldman Sachs fell for the first time in three days, losing 1.5 percent to $187.23 in New York Stock Exchange composite trading. Whitney predicted the shares will trade in line with the broader market because the current price reflects the company’s earnings potential.
Analysts polled by Bloomberg on average estimate the bank will report earnings of $4.18

http://www.bloomberg.com/apps/news?pid=20603037&sid=aYSIPHckd56U

tradetime

Yes big report from Intel, should have bulls partying like it's 1999

uk_steve

tonygee wrote: »

Hi steve,still ducking n diving I see;)
Re SBDB always annoys me when these Arabs get cheaper offer shares(like Barclays as well)on that principle I woulnt entertain them unless they fall.I prefer WKP anyway which pays decent DIV.

CAD was up 60%earlier only to end day DOWN!!
Very dodgy in the lower tiers

yeah ive been bizzy;)

tradetime

Dow closed above 10,000 amid much celebration, S&P500 now in the 1090's. My projection calls for a further 3 - 6% (1120 - 1158) upside target. If earnings follow the lead of Intel and JP Morgan, and the reaction is similar, I will have to re-adjust for further upside. The US$ Index has closed below support @ 76 and thus the multi-year lows around 71 would seem to be most likely, this would almost certainly spark another upleg in equities and commodities.
Goldman Sachs, Citibank, Google, and IBM are amongst the heavy hitters in the confessional today

sabretoothtigger

IBM as well, they might not be so positive just as a guess.
July rebounded on good earnings because it was unexpected and we had fallen beforehand but not now, now its more expected ?

Meredith Whitney says be neutral on GS just because they are fair value, so if that turns out right I would extend it to the rest of the market and Im not expecting a july type rally right now only the weak volume at this level says any different to me

Xstrata drops Anglo merger plan

[SIZE=-1]LONDON (Reuters) - Mining group Xstrata dropped its pursuit of rival Anglo American on Thursday after many Anglo shareholders rejected a "merger of equals" proposal and demanded a premium.


Xstrata said it believed in the strategic rationale of a merger with an Anglo merger, but was being "disciplined" and left the door open to resume its wooing of Anglo later.


Regulators issued a "put up or shut up" ruling last week forcing Xstrata to either make a formal offer by October 20 or walk away for at least six months. "Our decision not to proceed with an offer before the deadline imposed by the Takeover Panel reflects our disciplined approach to growth and our focus on the value proposition for Xstrata's shareholders in a merger," Chief Executive Mick Davis said in a statement.


"We continue to assess a range of alternative growth options, in full recognition that transactions of this nature often take time and patience to mature."


On Monday, a top-10 shareholder in Xstrata told Reuters the company has indicated it would drop the merger plan for now.
A combination of Xstrata and Anglo American would have created the world's biggest producer of zinc, platinum, coal for power stations and ferrochrome, and the second-biggest company in coal for steelmaking and in copper.


(Reporting by Eric Onstad; Editing by Hans Peters)
[/SIZE]

Saw PTEC tipped and remember it being mentioned on this thread, anyone still holding?

[FONT=Arial, Helvetica, sans-serif]Buy Playtech at 342p[/FONT]

[FONT=Arial, Helvetica, sans-serif]A tip from SmallCapShares.co.uk[/FONT]

[FONT=Arial, Helvetica, sans-serif]THE BUSINESS [/FONT]
[FONT=Arial, Helvetica, sans-serif]As we write Playtech is the second largest company, by market capitalisation, listed on AIM. It occupied the number 1 spot until recently when, following a strong performance by gold and on the ground, it was overtaken by Egyptian miner, Centamin Egypt, to the top spot. A profits warning from the company in July also helped to move it down the rankings. We think that the shares have been oversold in recent months, and although they have made up some ground, we can still see a good buying opportunity.

Founded in 1999 by a group of entrepreneurs and technology experts, including Teddy Sagi, a former broker and convicted fraudster, Playtech is the world's largest online gaming software supplier. The firm does not make money from taking wagers but from the licensing of its software to companies in the gambling industry who use it as the platform for their online gambling operations. In just ten years the company has grown from nothing to establish itself in the market by selling its software to a raft of blue-chip gambling firms worldwide including the likes of BetFred, William Hill, the Tote and Bet365, amongst many others. Current products include software platforms which allow gambling firms to offer online casino games, bingo, poker, mobile gaming, fixed odds games and others. Casino software makes up the majority of Playtech's income, at two-thirds of revenues in the first half of the current financial year, with poker revenues making up just over 30%. All Playtech's pro ducts support multiple currencies and are available in several European and Asian languages.

A major development was announced in October last year when Playtech revealed that it had agreed a deal with gambling giant William Hill to supply it with casino, poker and other gaming software products on a phased basis commencing January 2009 and culminating in an exclusive relationship for casino and poker from 1st January 2010. The licence will run for a minimum of five years. Along with the agreement a further deal was done which resulted in Playtech obtaining a 29% stake in William Hill's online operation, which can be increased to 32% dependent on certain conditions relating to the integration of certain assets sold by Playtech to Hill's as part of the deal being met. Under the deal Playtech earns a share of the profits along with royalties with this income stream being logged in the accounts underneath operating profits as "share of profit from associate".[/FONT]
[FONT=Arial, Helvetica, sans-serif]
CURRENT TRADING[/FONT] [FONT=Arial, Helvetica, sans-serif]A trading statement for the second quarter of the company's financial year, to 30th June 2009, revealed that the William Hill Online business was progressing well. However, due to a prolonged integration process and difficult trading conditions the business did not perform as previously expected. Combined with some of the company's customers also experiencing difficult conditions Playtech announced that results for the full year would be below market expectations. On the back of this announcement the shares lost around a quarter of their value in one day and broker Daniel Stewart cut its earnings forecasts for 2009 by 21% and 2010 forecasts by 20%.

Despite the profits warning Playtech still managed to post a record set of first half results for the six months to June. Revenues were up by 9.8% in the period to EURO56.7 million, these being boosted by a particularly good performance from the poker side of the business, which saw revenues up 23.8% to EURO45.8 million. Casino revenues, which were up by 2.2% to EURO37.6 million, also contributed to growth. Adjusted pre-tax profits were up 18.8% to EURO43 million in the period as margins were given a boost by the impact of the share of income from William Hill Online, which amounted to EURO10.2 million. Adjusted earnings were up from 16.7 cents to 18 cents and that prompted Playtech to increase the interim dividend by 17.1% to 8.9 cents per share. Cash inflow from operating activities in the period was EURO27.1 million and Playtech ended the half with net cash of EURO48.7 million. [/FONT]
[FONT=Arial, Helvetica, sans-serif] Click for Full Charting facilities from ShareCrazy.com[/FONT] [FONT=Arial, Helvetica, sans-serif]OPPORTUNITIES & RISKS [/FONT]
[FONT=Arial, Helvetica, sans-serif]One of the major opportunities for growth comes from geographical expansion, an area in which Playtech has recently made very good progress. On Christmas Eve last year the company revealed that, through license agreements with Italian firms Snai, Gala Coral's Eurobet Italia, Sisal and Cogetech, it had successfully launched a "real play" poker network into the Italian market following a period of providing a "fun only" offering. In its interim results Playtech commented that the Italian poker network is exceeding management's expectations and is now Italy's third largest poker network with a market share in excess of 15%.

Elsewhere, in March this year Playtech announced that it had entered the Spanish market by signing a deal with one of the largest gaming operators in Europe, Casino Gran Madrid, to supply its casino and poker platforms. The company has also has signed a strategic partnership for the provision of casino and poker product to the Serbian State Lottery and a five year agreement with Olympic, the largest provider of casino entertainment in the Baltics and Eastern Europe and a member of the European Casino Association, to provide casino, poker, bingo and sportsbook software as soon as they are regulated in the markets where it operates. As part of its strategy Playtech actively reviews developments in other markets that will soon be regulated in order to take advantage of opportunities for licensing. [/FONT]
[FONT=Arial, Helvetica, sans-serif]* The value of investments can go down as well as up. Past performance is no guarantee of future success. Investing in equities can lose you part or all of your capital. The tips given here are of necessity, general. They cannot relate to the individual circumstances of investors. Anyone considering following the recommendations contained here should seek independent advice. Investments in smaller company shares, by their nature, can be relatively illiquid and thus hard to trade. And that makes such investments more of a high risk than larger company shares. [/FONT]
[FONT=Arial, Helvetica, sans-serif]VALUATION

For the current year to December 2009 Daniel Stewart is now expecting the company to post earnings of 34 cents (30.9p), rising to 42.2 cents (38.4p) in 2010. That puts the shares on prospective price earnings multiples of 11.1 and 8.9. The shares also yield 4.8% and 5.5% respectively if dividend forecasts are met. For a company which has an excellent track record, a solid financial position and good growth prospects we believe that the shares are worth betting on. BUY.[/FONT]
[FONT=Arial, Helvetica, sans-serif]Key Data[/FONT]
[FONT=Arial, Helvetica, sans-serif]EPIC: PTEC
Market: AIM
Spread: 341.75 - 342p (0.07%)[/FONT]

tradetime

The "personality" of this rally has been one of low volume and shallow pullbacks / corrections, I suspect any change in that personality such as a sudden pickup in volume for a few consecutive up days, or a pullback that allows the crowd to get on board will most likely be the signal for the final upleg, but for now we just have to take it one swing at a time.