UK Stockmarket 2009 and beyond

StevieJ

JamesU wrote: »

And there I was scratching my head.... maybe "residence" time in cash rather than investments, "residence" of investment e.g domicile etc.

Unfortunately I need to make a lot more on my investments before I can upgrade from a house to a residence.

I also prefer using RPI. Helps with decision making on what annual returns to aim for.

JamesU

I have changed it for you

StevieJ

Thrugelmir wrote: »

Providing you bear in your mind that the standard of Corporate accounting and the way business is conducted isn't of Western standards.

There's a good reason why many financial institutions base themselves in London. Despite all the media headlines on bankers.

Yes OK

The Enron scandal has far-reaching political and financial implications. BBC News Online reviews the key facts to help you make sense of developments. In just 15 years, Enron grew from nowhere to be America's seventh largest company, employing 21,000 staff in more than 40 countries.
But the firm's success turned out to have involved an elaborate scam

http://news.bbc.co.uk/1/hi/business/1780075.stm

let us move more up to date

With his alleged victims asking why US regulators failed to query what was going on, it seems that the way in which Mr Madoff operated was key to the success of his venture

http://news.bbc.co.uk/1/hi/7783386.stm

Thrugelmir

StevieJ wrote: »

Yes OK

That's tame news.

lvader

I'm expecting average share price drops of around 5-10% during this month and then recovering during November/December to finish the year just below April highs. I'm currently about 5% down on where I'd like to be for the year, but I'll happily see prices drop over the next few weeks so that I can use the opportunity to buy.

sabretoothtigger

I figure it'll only drop 10% if people fear 20% drops. Maybe people are used to fear now.
I saw a gigantic short position on the nasdaq posted, I think thats a good reason to hold profitable companies like microsoft as shorts represent volatility and tech is already down




Does anyone know of GVC and why are they regularly paying a yield of 16% on current price. I guess it must be a debt issue
It is a euro based company, fallen alot since april but seems well spread and I think Germany will do ok anyway :think:




Barclays buying 4bn of ngas from CHK sounds good. Price is low just as winter approaches.
Might be a good enough excuse for me to buy back some barc
Buy before 17/11/10 and you win a penny

09/11/10 11:00 Trading statement Q3 2010 Interim Management Statement

Apparently the start of earnings is now. It can be a pivotal moment though its quarterly and autumn isnt usually so memorable ?


Market is still topping out and today Dollar for once did not fall over at its first test. Just not falling is bearish for shares and commodities compared to the recent juiced action



FTSE priced in silver looks like a double top - http://img693.imageshack.us/img693/2319/82059855.png
SPX in Gold also peaked 8/09 - http://img440.imageshack.us/img440/2938/95717909.png

http://finance.yahoo.com/q/hl?s=EWU+Holdings

blinko

i dont think gold will slow down i expect that and commodities to continue to rise same with emegering markets europe and US a different matter

payroll data out friday will have an impact but economic data isnt bad at all

and as always sovereign debt worries are lingering but china backing greece has eased tensios for now

i agree witht he above i expect october to be damp with more action in november and decmeber

JamesU

lvader wrote: »

I'm expecting average share price drops of around 5-10% during this month and then recovering during November/December to finish the year just below April highs. I'm currently about 5% down on where I'd like to be for the year, but I'll happily see prices drop over the next few weeks so that I can use the opportunity to buy.

Wish I was able to predict with such confidence.

JamesU

Pachira

A little off topic, but thought might be of interest to everyone - you can get free tickets to the London Investor Show on 5th November, plus free entry to a workshop (usual cost £50 total) if you use the voucher code: metro when booking online.

StevieJ

JamesU wrote: »

Wish I was able to predict with such confidence.

JamesU

I know that worldtraveller is expecting (hoping) for a drop to 4600, but the markets feel a lot stickier than earlier in the summer where they were up and down like a brides nighty.

sabretoothtigger

Wasnt earnings that boosted us up today, it was the dollar again. Nasty drop today.
Dollar is 1% down and SPY is 2% up so a gain but progress is well greased

If you want to track FTSE from an american perspective, EWU is the symbol http://finance.yahoo.com/q?s=EWU
I look at EWZ for brazil and it shows 3 PE only ? No wonder brazil just raised tax on foreign money to 4% I bet theres a rush

Bank of Japan has dropped their rates to 0% and have decided to produce and sell to itself more government debt then bank notes in circulation and all sorts of stupid ideas 'to save the economy'

I sold BG group off as its near resistance, will hold Barc and maybe GVC and add to POG

HSBC had fallen back, found support and is approaching trend resistance again. Such a big company probably fits in with ftse generally I think.
Its above the 200 Daily moving average now so in theory it has the momentum to break to the upside

1161 on the SPX is major resistance, Im told its bigger then 1130 or 1150 It wont hold if dollar doesnt because 1161 +1% is 1172, the nominal numbers cant hold back global company worth with a devaluing currency.

Im told Dollar index at 76 should be support, so thats probably more relevant then ftse or dow nominal figures right now

http://www.fxstreet.com/rates-charts/usdollar-index/








Bad day thurs for POG, barc holding fairly well I thought. Gold is retracting some which combined with doubts over CEY and POG I see as an opportunity to balance my portfolio for weaker currency and/or fears.
I only have about 5% gold and no silver, HOC done so well should have rebought that

Petropavlovsk Down On Analyst's Output Worries, Pricing Delay
By Alexander Kolyandr
Of DOW JONES NEWSWIRES
MOSCOW (Dow Jones)--Shares in Petropavlovsk PLC (POG.LN), Russia's third-largest gold producer by volume, were sharply lower Thursday after an analyst questioned the company's production target, while the ongoing delay in pricing its non-precious metals division's initial public offering also weighed on investor's minds.

At 1510 GMT, shares in Petropavlovsk were down 73 pence, or 6.4%, at 1064 pence, strongly underperforming the broader London market, which was down 0.3%.

Damien Hackett, an analyst from Canaccord Genuity, who is visiting the company's production site in Russia's far East, said in a note Thursday that his forecast of Petropavlovsk's fourth-quarter output is "under pressure."

On Sept. 29, Canaccord Genuity lowered its forecast for Petropavlovsk's 2010 full-year production to 615,000 troy ounces, in contrast to the 670,000 ounces at the low end of the company's guidance. This downgrade "was based on the continued restricted access to high grade areas within the Pioneer and Pokrovskiy pits following the deferred availability of the high capacity excavators" throughout the third quarter, said Canaccord Genuity.

"The combination of continued delays to the expected excavation capacity and the lack of top grade ore being processed at Pioneer adds further pressure to our forecast", the analyst said.

However, he added that the company is confident it would meet the target, and any delay in gold production is "merely a delay and likely to have little impact" valuation.

The company also said Thursday that it's "striving to deliver" its production target for the year, adding that it's reviewing and optimizing its mining schedules at Pioneer mine in order to deal with the delay". Petropavlovsk said it produced 305,000 ounces of gold in the nine month of 2010.

Separately, IRC Ltd., the non-precious metals division of Petropavlovsk, has yet to price its up to $512 million initial public offering, even though pricing was slated for Oct. 6, according to its listing prospectus. According to a person familiar with the matter, the delay has been caused by the fact that the pricing meeting, which is taking place in New York, is still ongoing.

Another person familiar with the situation said the company is still seeking to list by Oct. 14, as planned.

-By Alexander Kolyandr, Dow Jones Newswires; +7 495 232 9192; Alexander.Kolyandr@dowjones.com

(Nisha Gopalan and Matthew Walls contributed to this article.)

Click here to go to Dow Jones NewsPlus, a web front page of today's most important business and market news, analysis and commentary: http://www.djnewsplus.com/access/al?rnd=83ld3s7ym0wUHTgxsabezg%3D%3D. You can use this link on the day this article is published and the following day.

(END) Dow Jones Newswires

October 07, 2010 11:16 ET (15:16 GMT)