UK Stockmarket 2009 and beyond

turbobob

US weekly jobless claims, which predictably were worse than anticipated. Why economists were predicting a pickup in employment in the US I don't know. http://www.bloomberg.com/news/2010-08-19/jobless-claims-in-u-s-rose-to-500-000-highest-since-november.html

Also Philadelphia Fed numbers were a lot worse than expected (they indicate manufacturing in that region is now contracting I believe) which seemed to trigger a further bout of selling.

bobbyj_2

surprised no talk on BEOWULF MINING (LSE:BEM) looks a right find.

Welshy213

bobbyj wrote: »

surprised no talk on BEOWULF MINING (LSE:BEM) looks a right find.

Managed to get in here at 4p and it is looking good so far.

blinko

just pumped some into africa and india too, still not sure where to pop the rest

sabretoothtigger

Into Africa, the entire continent, sounds brave

LSE:BEM, glad its gone up for you. I prefer some companies with a little production to judge better on

The indexes were due a fall I think and the news fitted, hence a big fall from the combo


Defensive sounds good, I was just reading about BATS being cheap though the chart doesnt entice me. GSK I was also not convinced exactly though healthcare is having a better view taken right now apparently. Any company that can supply asia with better healthcare I think might do well excluding the problem of cloning medicines which happens


AU I looked at the chart, very nice rise. Its in a state of transition I think, there two gears it could proceed forward with. Its maybe moving to a slower speed and might appear at a better price not sure. Not really up on software companies really though I used to program


POG seems cheap. Questor and iii mentioned them recently. I have them near support, I bought a little, meant to buy more and will do so to replace CEY centamin which I sold as doing well.

Also got some BHP as they are near support and a good case generally I think

Generally I agree with a negative market for now, very long term shares will do better then cash. Emerging bonds is the only other asset class I've thought might do well possibly (as it has previously)



Indexes rose up to its previous trend and failed basically, needs to adjust and find its feet. Watch Eurodollar for direction but also USD Yen possibly as its near 15 year lows

blinko

india is a bad call i dont know why i fancy them, will probably try ad exit around xmas time

africa i think has potential but they defo need to get there act together, but when they do it will be aamzing, other than that theres not much out there i think BRICS look over valued but i still think there is a tail end on the rally so keeping an eye on teh markets and monitoring the UK banks

cloud_dog

sabretoothtigger wrote: »

POG seems cheap. Questor and iii mentioned them recently. I have them near support, I bought a little, meant to buy more and will do so to replace CEY centamin which I sold as doing well.

POG and CEY my two favourite for different reasons.

POG should be twice where it is (doesn't mean it will be though). I hope (expect) FTSE100 at some point in the not too distant future which will help, disposal / floatation of their iron ore division (cash plus a more focussed company), They need to deliver on their production figures which they missed recently (which if they do will align them very nicely with RRS; have a look at their PE Ratio), also they have re-introduced dividends (higher than RRS). BUT, they are in Russia so take nothing for granted.

CEY. When will it stop. Excellent tun company, huge resource base, also not fully explored. Its relatively expensive but not excessively so for a gold miner with a proven delivery record.

Just as a punt have a look at AMC. I currently don't hold any but am watching. The long and the short is that they are a Nickel / Platinum explorer in east Russia (Amur region; relatively close to POG funnily enough), have a JORC compliant resource and are waiting on a licence from the Ruskies. The issue being is that Nickel is considered a strategic resource and so possibly may not be granted to a foreign company. (That was the long). The short bit is that they trade at about 5p a share which is equivillent to the compensation value they would recieve from the Ruskies should they deny the application; so very little down side with huge (possible) upside.

[Deleted User]

I sold all equities in the sipp this am. I got some negative vibes when reading chart TA and no good crying over spilt milk later if/when the equity world goes diving again. I`m not doing much re stock watching as we have a new house and an allotment, hence me not posting but I am keeping an eye on things (and you)generally. I`ll be back in stocks asap as cash is getting ziltch interest. I`ll be spending time in the next few days/weeks, while I await the arrival of onion sets, working out best re-entry levels for solid stocks.

Did you read about the ftse pension deficit and consequences for several ftse 100 companies? More scary stuff

blinko

what going on in the markets today, all is red

StevieJ

kittie wrote: »

Did you read about the ftse pension deficit and consequences for several ftse 100 companies? More scary stuff

No mention of the fact that some companies have had many pension holidays over the past 20 years, e.g Shell (the top contributor last year) never paid a penny in pension contributions between 1990 - 2002 and 2007-2008.