UK Stockmarket 2009 and beyond

[Deleted User]

finger biting time again as ukx approaches 5800. Explosive action expected but which way?

tradetime

As I said the other day, the Goldman situation changes nothing, it's just noise. I am surprised, I must confess, that the "noise" was so minor, I had thought we could see the 1170's at least.
It seems that market participants are growing more and more skeptical of the SEC's ability to prosecute this case against Goldman, and there are growing views that this is more political nonsense by an administration desperate to get a financial reform bill through. This case could prove very damaging to the SEC unless they have all their i's dotted and t's crossed

lvader

Associated British Foods up nearly 6% today. :T

sabretoothtigger

DiggerUK wrote: »

More to the point, do you see any major problems with Rio or BHP, apart from the fact that China just might swallow them whole.

Ive only owned BHP as part of a tracker. Australia has the largest reserves of Uranium apparently and make up the majority of a pacific tracker with bhp the primary share

On the chart they are near their previous 2008 high. I think theres been better times to buy them but I wouldnt advise against it. China were blocked on Rio I think, not expecting them to merge either


waiting for this sector to get cheaper could be frustrating especially with our weak pound and strong Australian dollar



Rates up after the election unless they buy more of their own debt I think Bob


Goldman doesnt matter so much compared to the bigger picture of changing regulations however thats going ?



RBS back at its highs, if you have to sell in a month then why not start selling some or half now.
Going for the absolute maximum profit is usually a mistake, Im fairly certain they cant double from here but at xmas they were 28p

finger biting time again as ukx approaches 5800. Explosive action expected but which way?

The market reversing the fall is typical. If SP500 sails past 1215 without further hesitation I'd be surprised.
Fall, retrace, fall, eventual failure of support and then a proper fall is more like it and still wouldnt be that serious


Are all these results surprising to the upside or just confirming the rises already occurred. Some profit taking and sideways action might be in order before we start rising in july again



I saw ABF, nice results? They were already doing very well. Hyder breaking upwards towards 290 also.

MSFT breaking above important longer term negatives, Im expecting it to outperform maybe windows 7 sold better then realised or who knows
I can say on a personal level they have bettered vista which was pretty junk compared to xp

lvader

sabretoothtigger wrote: »

I saw ABF, nice results?

20% jump in profits, very good growth abroad.

tradetime

Goldman doesnt matter so much compared to the bigger picture of changing regulations however thats going ?

Financial regulation has just become harder for republicans to block, as by moving against the publics most hated bank, and accusing them of wrong doing that would have been prevented by the Dodd bill, the democrats have effectively set the republicans on a crash course with public anger.
The outcome of the Goldman action will probably be irrelevant as the bill should be through by then.

The market reversing the fall is typical. If SP500 sails past 1215 without further hesitation I'd be surprised.
Fall, retrace, fall, eventual failure of support and then a proper fall is more like it and still wouldnt be that serious

Today shouldn't see a move much beyond 1209. Market is still vulnerable to a move to 1175, but that risk has diminished somewhat imho. It's not a trade I would care to swing, looking for 1195 - 1197 to hold as support going forwards if sellers try to take it down.

sabretoothtigger

lvader wrote: »

20% jump in profits, very good growth abroad.

Nice, questor recommended them I think but I never really looked at food






http://www.digitallook.com/cgi-bin/dlmedia/security.cgi?ac=211489



This seems relevant to cash vs shares - Inflation March 2010: CPI 3.4%, RPI 4.4%

Sounds quite high to me, we had it much lower for most of last decade?





CPI, RPI & Core CPI




\

http://www.forexfactory.com/calendar.php?do=geteventinfo&day=2010-4-20&c=2


http://www.youtube.com/watch?v=tTuQOVOcTYk

lvader

Apple is up over 6% in after market trading after releaseing results. :T

sabretoothtigger

The mighty Tesco (TSCO) continued its relentless advance as total sales excluding petrol in the year to the end of February rose by 6.8% to 62.5 billion pounds, with underlying profits up 10.1% to 3.4 billion pounds and pre-tax profits ahead by 10.4% at 3.18 billion pounds. Like-for-like sales excluding petrol were up by 2.6%, and the first significant contribution was made by Tesco Bank, providing profits of 250 million pounds on sales of 860 million pounds. Underlying diluted earnings per share were 9.1% higher at 31.66p, and the dividend was increased by 9.1% to 13.05p. The supermarket behemoth plans to create 16,000 jobs across the group, with 9,000 of those in the UK, and it said that it expects the international and non-food divisions of its operations to grow fastest when the recovery occurs. Ard en Partners said that it was a "decent outcome but with caveats". Tesco shares finished 6.45p lighter at 431p.

Charles Stanley repeated its accumulate stance on Tesco (TSCO), after the supermarket titan reported a "solid" set of results, with revenue, pre-tax profit and dividends all reported at higher levels. The broker expects Tesco to continue to deliver "high single-digit / low double-digit growth in underlying earnings and dividends", with the International and Retailing divisions (e.g. the Bank and Mobile businesses) anticipated to be the growth drivers. The core UK food business will be used as a 'cash cow' to fund growth in the newer areas. It added that Tesco's long term earnings growth prospects "remain the best in the sector". Shares in Tesco climbed 7.05p to 438.05p.

Shares in Associated British Foods (ABF) rallied 56.5p to 1,015p after it issued a chav-tastic set of interim results for the 24 weeks to 27th February, with group revenue up 10% to 4.796 billion pounds. Sales at retailer Primark rose by 8% on a like-for-like basis and revenues climbed 19% to 1.3 billion pounds. Group adjusted pre-tax profit jumped by 20% to 331 million pounds, with adjusted earnings per share rising by 21% to 30.5p. The recovery in the group's Chinese sugar business, and the absence of losses incurred last year on vegetable oil futures helped to offset the adverse effect seen on import costs by the weakness of sterling. ABF commented that it is beginning to see an improvement in economic conditions, although it remains concerned over the pace of recovery in the UK. Panmure Gordon said t he group had delivered an impressive first half performance.

Any more thoughts on SKR? The percentage falls at this level must be discouraging to anyone looking at it. I think it might fall to 20 or below that is 17 which would be a 25% loss Though if it does beat off the negative trend then 47 seems possible. Also the spread is above 5%

Im not sure if it represents a good risk reward ratio, it seems a fair candidate though

Shares in Sunkar Resources (LSE: SKR.L - news) fell back after the Kazakh fertiliser plant operator posted a pre-tax loss of $14.4m in the year to December 31, up from $13.9m the previous year.

Support for SP500 is 1204 and 5721 for FTSE but both have resistance overhead to cause a retest

fullstop

lvader wrote: »

Apple is up over 6% in after market trading after releaseing results. :T

Also IMG had a good rise today on the back of Apples results.