UK Stockmarket 2009 and beyond

lvader

I think it has more to do with UK, Germany growth and corporate earnings. Comentary on the tests has been quite negative so far.

lvader

Nice to see the S&P above 1100 again.

ses6jwg

Hello all, been away for a while.

Been a good 2010 for me in most ways!

Bought some Rockhopper shares at 49p, sold 3/4 of my holding at £2.42 to bank a cool £5,000 profit! Fantastic! Still hold 700 shares for the longer run.

Been holding Aminex for a while at an average of 10p, so sat on a loss but there has been some decent movement this week.

STILL holding Gulf Keystone at an average of £1.00 per share! Sat on a huge loss as they dropped to 67p, however takeover rumours of £2.50-4.00 per share in the press this week saw them soar back to 84p - so good things to come let's hope!

I also hold some BP which I bought at £3.01, some Greggs, and some Workspace group, as well as a couple of funds, Jupiter Financial Opps (seen better days!), and a boring FTSE All-share tracker monthly saver.

sabretoothtigger

lvader wrote: »

Nice to see the S&P above 1100 again.

Should be significant. It had been due to fall again according to the April trend but this breaks that however volume wasnt very high so Im eternally pessimistic

Stress tests dont mean diddly pretty much, thats what the market is for. Also the 200 dma is overhead, even if we are rising like after Feb 5th we should also see the big hesitation and dip also that happened late Feb



That was a nice 22% rise on GKP just in the nick of time to stop it falling off the ledge. (which explains half of the rise I think) This also should break the trend of lower highs since last Oct in theory, in practise Iraq is incredibly volatile and I thought this company was in need of money.

India Oil just reported a loss, as a potential suitor and largely government body it has suffered from indias nationalistic price controls now removed.
Their shares have risen 30% this year though so maybe they'd do a share swap. Most likely pie in the sky


I sold Standard Chartered as I think they are a fair price. I bought more Neptune Japan as its got the most potential in theory.
I regret selling lloyds now of course as it'll do well in a rising market though housing figures were not great

HSBC might be worth having at some point now

for info from hsbc 2009 R&A - 30% of pbt earned in Europe, 22% hong kong, 25% other asia-pacific, 13% usa + 10% latin america. nearly 50% asian.

With so much asia its probably down in line with China.
I retain Santander as my largest bank now as they are not near any cap to share price growth I will hold and they have the best dividend too



This was last summer, chose Stan instead of hsbc luckily but could be reversed now. hsbc is so big that if it is a buy then so is the ftse in general.

tonygee wrote: »

Enjoying watching my remaining holdings RISE but wouldnt want to get into anything at these levels.
HSBC is higher now than before the Credit Crunch began!!!
Infact its prob higher than its EVER been(considering the dilution of RI)
And its reduced its DIV.

sabretoothtigger wrote: »

I was looking at hsbc a bit but they are apparently 20 PE. They could be good still if the usa debt loss is over but there is probably better choices really

HSBC makes up alot of the ftse so if they are overvalued then so is a fair bit of the index value I guess

Not sure what shares are cheap now exactly but holding onto pog and cey still and expecting them to get a bit cheaper as the Euro continues to recover.

ses6jwg

Gulf Keystone are now fully funded after a 175million dollar placing a few months ago

lvader

The S&P fininshed above the June high, looking good to continue upwards although I'm sure we will see a little pullback soon. According to Bloomberg all the recent action has been from fund managers buying back into stocks, private investors are still shy on risk. That might well change soon though.

blinko

ahh misssed the boat on the banks

sabretoothtigger

The banks run a regular ferry service, they'll be back shortly

Its amazing how quick they rebound seems to me, I really should have bought more of them at the lows whenever I sold something

The reason for barc rising 8% and others was something to do with the Basel rules being relaxed. That seems such a rubbish reason for a rise, its always the free market conditions not a flimsy rule book that matters more. I sold what I had of Barc as its at a trendline of resistance going back to April and 2007 even.

If the market continues up I guess it'll go to 395 again so possibly not the best idea but time will tell if they follow GS in reporting lower earnings on 5th Aug, Standard Chartered made a new high today

Crude took a knock today and gold continues down also, Im thinking POG isnt expensive and even CEY got a little cheaper



I'd say crudes continued failure to pass $80 is a reasonable indicator on global prospects generally, flattish. Trade the range?
BP target is 495, not looking to hold, they could see 2 hundreds still on threat of criminal charges

http://www.reuters.com/article/idCALDE66Q10720100727?rpc=44

turbobob

There was a big increase in trading volume today, particularly in the banks. The FTSE 100 closed above its 200 day MA yesterday and held it today, which is generally bullish, although it's wise to be cautious I think. The S&P is flirting with that level as well.

I sold what I had of Fresnillo last week, it was looking toppy and PM miners look to be going through a bit of a rough patch at the moment.

juicyjude

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