UK Stockmarket 2009 and beyond

tradetime

cloud_dog wrote: »

This almost sounds too dull and boring for you TT

LOL cloud, what can I say, it's an ISA, high dealing costs, no leverage, limited ability to hedge, no need to get too ambitious.

sabretoothtigger

I have tesco, guess I could have bought some more there. 10% drop is big news for them :laugh:
They do have a few projects but nothing effects it that much, looks a reasonable buy. The low there is only 20 above their price 18 months ago, not exactly a mover are they but the div is ok


I sold DRAX and bought some GPX. I didnt have faith in Drax to buy more on the lows so really shouldnt have had it all, it could still do well but like tesco nothing spectacular and I like tesco more.
Will these floods have an effect on coal that much, Im not sure but apparently they hedge all their costs quite well?
http://video.ft.com/v/737663201001/Australian-floods-hit-coal-and-steel

In RRL I reduced my position back down to the levels I took in July. I doubled it for a while around dec which has been ok.
It has been doing well every day recently, Im not sure how high it can go or if there is news coming or something that would match new highs


GKP I was looking at close, 160p area seems a reasonable point for it to hold. It was the highs before and now been the lows since nov

There its at a band of higher volume down to 140p it should hold I'd guess. Then we go back to previous high of 130 which is where I previously sold out in the summer, I'd be ok with picking that back up now if thats how it plays out

Just the court case for news there I guess. Not heard of Iraqi or Kurd poltics recently

Couldnt find anything bad about GPX, bought a bit more VGM though its just the one mine so theres the risk otherwise seems ok

Apart from that I took up cisco & so far its gone up. Mr Jobs of Apple is taking a break, will the market or Nasdaq care so much tommorow. BP kept its cap on

^^ My recent post from elsewhere, TT do you think what Mr 50c did was illegal by the SEC?
I reckon not really since he provided no means to invest nor made any profit directly or immediately from his opinions
http://www.thestreet.com/story/10973104/50-cent-twitter-stocks-pump-hip-hops-power.html

Old_Slaphead

Been looking at GSK for a while and given the current news are they a good buy or goodbye.

It's been touted a lot as an income stock but seems to lack any growth prospects (given that it was around 20 quid at the time of the SmithKlein merger).

Should I forget about it or is sub £12 a buying opp?

Anybody any views?

sabretoothtigger

They taken a nasty fall recently so at least you not looking at them at near the top. My rough view is negative, the chart is a mess I can post it anyway if wanted but I'd say they range bound at best and in a negative trend at worst as the latest falls show.

Below 200 daily moving average. Failure of that and the uptrend since July also

Recent months highs were inline with the negative trend mentioned going back years.

Still going off the chart only, target buy prices would be 1149 and 1120. 11.20 is the optimistic scenario, take the lows of 2008, 2009 and July 2010 and on a positive trend thats your lowest price for this year. If that were true you could do nicely.

I wouldnt expect it to be a absolutely terrible stock, Im just taking in terms of risk reward it doesnt seem they have been doing so well.
Is there good news on the way for them somehow, maybe medicine is a great play on emerging markets but I hear johnson and johnson? (maybe not, sideways for 4 year) or unilever? are a better idea because they sell all the little consumer brands like disprin, nothing complicated but appreciated by the poor working class getting slightly less poor


volume profile shows they are in a bit of an air pocket here till about £11.40 but hard to say if it'll matter, this could be a ledge on the cliff face for them right now


I cant be bothered really checking their fundamentals or cashflow, I'd be interested if you find they are worth a go.
PE 15 isnt cheap I guess

P/E 15.18
Div/yield 16.00/5.46*

SKR [phosphate fertilizer] done really well recently. I managed to buy at their dec low pretty much, like EMED they got progress on their project and apparently everyone likes that though its surely not that easy. I decided not to sell, I dont own much now anyway as I sold most earlier

Also holding BNC for the moment. Theres a reasonable case to sell off any weaker type foreign shares as Sterling is rising today, it makes outside values decline some.
Inflation is 4.8% RPI and 3.7% CPI is above forecast, that causes a jump in exchange rates to favour sterling as our base rate rising becomes more likely

bobbyj wrote: »

keep your eye on BEOWULF MINING (BEM) which is listed in Sweden as well as london. 3.75p so it's a tiddler but the chap who presented it to me is convinced he's sat on a 'life changing' share and he got me into GKP under 10p - although he advised taking profits at 45p :-(
I'll put some thorough research up later on but basically they have a very large Iron Ore JORC proven resource up in an area of Sweden very prevalent in ore.

BEM
51.00 +2.00 (4.08%)

Thats 14x bagger in 6 months

welshy213 wrote: »

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

Glad some people got in on this. I did read on it a bit when it was mentioned but nothing clicked for me on its potential. I wonder what part I missed that I should have valued them better, how to tell they will find those reserves since Im not good at geology

Beowulf Mining (LON:BEM) was one of the strongest performers on the London Stock Exchange today, and has persistently been rising since traders returned from their Christmas break last week.

The group is exploring northern Sweden for world class deposits of iron, copper, gold and other metals, and the Kallak iron ore deposit is at present the group’s flagship project. The Kallak North and South deposits are estimated to contain more than 600 million tonnes of high quality iron ore.

Having languished for years below the 6 pence mark, the share price started to pick up late in 2010 and started rising in earnest early in October on the back of increasing newsflow from Kallak.

At the end of October, Beowulf started a drilling programme at Kallak South with a view to compiling a JORC-compliant resource. A month later, it reported that drilling at the Kallak North deposit indicated large iron ore tonnage and said it had commissioned a JORC resource report, to be completed in the first quarter of 2011.

Then, just before Christmas, it revealed that Kallak could contain more than 600 million tonnes of iron ore. Based on early drilling results from both deposits, it estimates that Kallak North and South contain 175 and 400 million tonnes respectively.

By the end of 2010, Beowulf stock had soared to above 28p, and after the Christmas break, continued its rise, even picking up the pace and closing yesterday’s session at 50p.

By early afternoon today, the stock was up a further 14 percent at 57.25p, no doubt helped by being included in this week’s Small Cap Wrap compiled by AIM brokerage Hybridian.

Hybridian noted that the drilling results already announced clearly demonstrate Kallak’s considerable potential worthwhile for investment, adding that significant additional tonnages of iron ore are anticipated from planned future drilling as Kallak’s total extension is not currently defined.

Old_Slaphead

Thanks stt - some interesting info there.

lvader

I sold my Des for a 30% profit yesterday and today joined the wagon and bought some Tesco.

ses6jwg

Some nice news coming out of Iraq re. Kurdistan oil contracts.

My "boring stocks", Aviva, Greggs, Workspace Group, all performing well.

sabretoothtigger

SPAM = http://www.youtube.com/watch?v=anwy2MPT5RE :j

ses6jwg wrote: »

Some nice news coming out of Iraq re. Kurdistan oil contracts.

Ive not heard, what happened.
I meant to pick up a bit more of GKP, its been in a downtrend. Could maybe break back upto 200 I was thinking though Ive always been surprised they dont go down more!

My Vatukoula got beat up, retraced to its recent lows and Gulfsands also down to near 342 which was previous highs, needs to hold that

ses6jwg

sabretoothtigger wrote: »

SPAM = http://www.youtube.com/watch?v=anwy2MPT5RE :j



Ive not heard, what happened.
I meant to pick up a bit more of GKP, its been in a downtrend. Could maybe break back upto 200 I was thinking though Ive always been surprised they dont go down more!

My Vatukoula got beat up, retraced to its recent lows and Gulfsands also down to near 342 which was previous highs, needs to hold that

http://www.iii.co.uk/articles/13927/kurdistan-and-iraqi-authorities-near-agreement

AndyGuil

sabretoothtigger wrote: »

BEM
51.00 +2.00 (4.08%)

Thats 14x bagger in 6 months




Glad some people got in on this. I did read on it a bit when it was mentioned but nothing clicked for me on its potential. I wonder what part I missed that I should have valued them better, how to tell they will find those reserves since Im not good at geology

I've looked into BEM, they have a JORC for 140Mt of iron ore at their Ruoutevare site, they also have a 50% owned mine with gold and copper at Ballek, they drilled their Kallak North site and found more than 175Mt of iron ore and recently they released some early results on their Kallak South mine which said they have more than 400Mt of iron ore. They own a lot of other mines which have been surveyed previously by the Swedish government so the resources are there derisking things a lot. They are going to release initial results on the Kallak South mine this month and I think the final results in February/March with the JORC soon after. They have atleast 715Mt of iron ore amongst other resources and they stated they are expecting to have well over 1Gt this year. That is a massive amount of iron ore. They are also debt free and have some very experienced people on the board.