UK Stockmarket 2009 and beyond

StevieJ

Tradetime and Kittie have not been around for a while, like to see their opinions.

Stavros_3

What the hell happened at 3pm this afternoon, the FTSE was up well until then http://news.bbc.co.uk/news/business/market_data/stockmarket/3/default.stm

sabretoothtigger

Same thing as every afternoon, the americans stormed the market

It was faltering the entire day from what I could see, positive but definite resistance at 5193. Euro is still strong so its far from over, friday brings Euro bank stress test results so maybe that'll reverse this whole negative phase



Been looking at this somalia exploration company RRL. Looks quite interesting on many levels and operating on larger volume recently, the chart is bullish shorter and longer term I think


http://img841.imageshack.us/img841/6264/rrl.gif
http://img38.imageshack.us/img38/26/rrlasx.gif
http://img267.imageshack.us/img267/1806/img12795524713463247678.gif

blinko

wha do you guys reckon on UK banks ? lloyds used to pay a nice divi

hoping they will in the future but reckon it will be years

sabretoothtigger

Im not interested in your stocks as they are not Canadian

IG was a sell on the news stock today. A few like this have been like salmon swimming upstream in this slightly broken market. Hard to spot which ones can do this
Support 432 I think though 400 would be nicer

IG Group (IGG) shares dropped by 21.8p to 444.8p despite the financial spread betting group reporting a marked improvement in sales. In its preliminary results, the group reported increased revenue by 16% to 298.6 million pounds for the year ended 31sy May 2010. Adjusted profit before tax leapt by 25% to 157.6 million pounds and year-on-year partners business revenue powered ahead by 42% to 48.7 million pounds. A final dividend of 13.5p per share will be paid, making a total distribution for 2010 of 18.5 per share, an increase of 23% on 2009. Commenting on the performance, Jonathan Davie, Chairman of IG, said the firm's aim is for many of its newer regional markets to reach the scale and performance to that achieved in the UK and Australia. Impressed by these results, Collins Stewart reiterated its "BUY" recommendation and 500p target price. The question which the broker poses is "what will IG's management do with the surplus cash?"

Small Caps, AIM and PLUS


Findel (FDL) shares declined by 6.82p to 9.93p subsequent to the home shopping group announcing widened losses in a "challenging period." The firm reported that sales, from continuing operations, declined by 4% to 547 million pounds. The statutory result for the period to 2nd April 2010 was a loss before tax of 76.1 million pounds, up 33% from 2009. These results reflect the challenging environment faced by its consumer credit business and the week performance of its Education Supplied division where sales reduced by 15%. Consequently, the company will not pay dividends for the 2010 fiscal year as it expects higher interest charges to impact the business. Following the update, Seymour Pierce has reduced its pre-tax profits and earnings per share forecasts for the 2011 financial year, and, consequently, re iterated its "SELL" recommendation.

wha do you guys reckon on UK banks ? lloyds used to pay a nice divi

GS just reported far lower earnings so Im not sure how popular banks will be. For me lloyds is generally a buy under 60.

The USA closed very positive today and Apple is up $10 after hours on its earnings so looks like we're positive for now which means I wont get a chance on lloyds most likely


1090 on the Sp500 I do see as a big deal both conventionally and as a trend it matches the falls going back to April

http://img31.imageshack.us/img31/4622/img12796642503035427083.gif
http://www.businessinsider.com/closing-bell-july-20-2010-7


Also I noticed the Indian market is at its highs, pretty impressive in comparison to every other battered stock exchange

lvader

The Shangai composite has finally woken up from it's slumber, for the last 2 days it's been up over 2% even when other markets were heading south.

blinko

i reckon the banks are goingt to pass the stress tests no problems too

Arthurian

lizawoodson spam reported

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Arthurian wrote: »

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We seem to be under attack again 33 spam posts in the last few minutes by 2 new members

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Dow Jones over 100 points up at the moment, bank stress tests seem to have given the market a boost.