UK Stockmarket 2009 and beyond

Thrugelmir

StevieJ wrote: »

Yes, that I have been looking at, any specifics?

I use Investment Trusts in the main to get a wider exposure rather dealing in individual stocks.

Recently being buying European Investment Trust, not a high yielding trust, but has been trading at a wide discount since Edinburgh took over fund management from F&C. So more of a defensive holding in these uncertain times..

sabretoothtigger

LargeCap selling into Asia or EM

Looked at ANTO vs HOC today and decided on ANTO which will return 5% dividend, goes ex in a month. The worry is copper has peaked, the div they pay is their entire years earnings but I dont have big doubts they will get more money again


WS Atkins as mentioned by Questor. Like that one, seems similar to Hyder Engineering with very large foreign exposure

BP of course, value trap

HOIL is quite big, GKP could rise several pounds but not exactly low risk but consider you are only spending 1.6 to probably more then double it eventually

FXPO iron pellets

POG makes iron too, down alot


Glencore floats soon? Cant get bigger then that, all trackers will immediately have to buy the shares as it enter the index straight away with over 1% of index cap

BHP I want to have again. Mining plus oil is great protection against power costs mines have

[IMG]http://i.imgur.com/kFcU1.jpg[/IMG]









.

StevieJ

What happened to EMED today?

sabretoothtigger

19/04/2011 by ukcitymedia.co.uk about : Company Reports - 0 Comments - 315 words

EMED Mining Public Ltd. has reported today that it believes that it has now satisfied the requirements of Andalucian government for approval of the restart of the Rio Tinto copper mine.

Principal regulatory authorities of the Andalucian government asked EMED to provide further basis for estimates of project costs plus conduct further reviews of alternatives for the improvement of reduction of waste and contamination of the enironment.

EMED has also committed to rehabilitation of additional areas outside the current proposed project area, that were affected by mining since 1982 by previous operators. The company added that it was committed to working with the government to ensure that processes progresses constructively and in a timely manner.

sell the news i guess


Lloyds sub 60p again. 60 is the price of the last rights issue I think


Looking at highs of 23rd March for ftse support from long term uptrend

Thrugelmir

sabretoothtigger wrote: »

Lloyds sub 60p again. 60 is the price of the last rights issue I think

Much depends on outcome of banking review due out in September.

sabretoothtigger

Seems to be ok news on that so far. Their irish debt and company loans seem the worst drag I think


Low for Lloyds today is dead on the 61% retracement of the 2010 low to the high, so we come back down but maintaining this point on a closing week basis would be qualify as bullish I guess.

A 100% retrace would be 45.32 p

someone who "didn't know we had a debt problem in the UK" might not be the "best person" to run the global finance

:laugh:

http://www.bbc.co.uk/news/uk-politics-13127225

JonnyBravo

StevieJ wrote: »

What happened to EMED today?

More delays is what happened.

<sigh>

Gonna take a few more months AGAIN.

sabretoothtigger

EMED been predictably weak unfortunately or fortunately if confident and able to add more. Are they funded ok or expect more share float?


BP and ANTO go ex div on this Wednesday now so thats a pretty big pay day from those two and Barc

I increased ANTO holding by many magnitudes as its not risen and it seems fair game fairly priced. I know it will drop alot on Thurs but it seems the dollar just keeps getting weaker and all these commodities are not threatened at all to go down in price imo. I will reduce ANTO again once its recovered, if it does. Otherwise I think its ok to hold this company

They are maybe finding some gold with their copper and an Alaska prospect?

BP ditto. Again its challenged possibly (copper /oil price can fall greatly) but why not collect a dividend and I think probably it should rise in value or continue to recover with improving prospects

Ive heard TNK is to be bought out, these are the guys who at one point had assassins hunting the BP head apparently :j, funny business in Russia but lots of money to be made.
Russia is 33% of BP profits and could be over 50% if this deal clears. A move away from USA revenue I think is good long term


HOIL and RKH both received thumbs down from Questor. I own both, same for bp anto



VGM is priced 143 with earnings of 33p per share? Doesnt sound right, I know they have great cost challenges. A high gold price allows expensive mines like this to survive, if it fell it'd be a disaster for them

So if they are really too cheap, that might explain why


Is BT a good share to own still ? They are offering to buy back shares



Also bought back some HOC at near twice the price I sold it at Just a little, I should have bought in Jan as I predicted 26 as silver low price but I have lead feet
Anyway silver price is coming up to double since then and company share price doesnt reflect these future revenues, not afraid to buy on strength but still just a small scale buy


Neil Woodford - british investment god speaks his wisdom :T :
http://mediazone.brighttalk.com/event/INVESCOPERPETUAL/124c3e4ada-4983-event


Same things true at the start of this thread are still ongoing now I think. Cash is better used in productive companies with expanding prospects, hopefully not reliant on westerners too much

JonnyBravo

sabretoothtigger wrote: »

EMED been predictably weak unfortunately or fortunately if confident and able to add more. Are they funded ok or expect more share float?

Yes they have enough cash for now. They've got over $20m in cash at the moment but they have been burning £500k/month. Clearly the delay has cost implications, as does the extra work being done.
Not sure if that means they'll have to raise more nearer the time or not. I suspect they'll do all they can not to. The majority of the cash needed (c $100m) was always going to come via finance and off take agreements.
The largest determinant on whether this is going to be possible, or not, is probably the copper price. If it stays over $4/lb then it should be easy enough.
Base case for the mine was always run at $2.5lb. If we see that again then I'll be less certain they'll be able to do it without raising more. $2.5/lb is unlikely in my view though.
I continue to hold but am frustrated that the pace (I'm nearly certain now) is going to be my worst case scenario. ie all timed for maximum impact prior to the elections in 03/12

StevieJ

StevieJ wrote: »

I sold half my RDSB holding a week or two ago at £22.70 and I am now stuck with the cash in my ISA plus the new added cash. I am itching to buy into some new stock and was looking at Glaxo/AstraZeneca/S&S/National grid but they have all increased while I have been dithering , my theme was basically either safe utility or LargeCap selling into Asia or EM's. Anyone got any other good ideas/themes I could look at? I also have some space in my H&L fund portfolio after selling a number of funds to take advantage of Capital Gains allowance, I bought back Asia/EM's but didn't buy back commodities, I am looking at a specific Latin American fund at the moment or maybe global infrastructure, any ideas?

Lucky timing again