UK Stockmarket 2009 and beyond

[Deleted User]

tradetime, I just keep my eyes open and then I do my own research but really only via graphs and TA (technical analysis). I am not really into aim stocks just now but there is a part of me which is not just a staid and cautious 60 year old, so getting emed is a bit of a kick and we all need that sometimes. I`ll have to start saving divis soon to pay for the yearly pension next summer and then I will really have to sit hard on my hands.

Re the bigger picture: We really are little fish in the stockmarket sea. Its amazing how a whiff of a down day and the programmed trades kick in so that ukx tests resistance and now support at 4300. Having said that, it is a good thing as it makes support stronger (ok, resistance stronger as well but I am an optimist at heart)

Hatone

The stocks have taken a real battering this afternoon following high US employment rate. http://www.ft.com/cms/s/0/6ac5f4e0-66fe-11de-925f-00144feabdc0.html

I can't see the unemployment rate slowing down much, with so many companies cutting costs, especially as we go into the third quarter.

tradetime

Earnings season officially starts in the US next Wednesday, the next leg of the market will be determined by that, in the meantime, nice possible H&S top forming on the S&P, Dow, Russell, Dax. all adds to the spice.

tonygee_3

Think the FTSE will get dragged down to 4000 mainly by miners,which have bounced too quickly.
Dont think we'll test lows of early March
Earnings might dissapoint but hopefully the worst is over
Many shares look cheap now but we need a mini crash to stimulate buyers again

sabretoothtigger

VEDANTA was up 10% yesterday but its down a quarter in the last month, very volatile

tonygee_3

SOLD ELM (small profit & scooped healthy DIV recently)
Seems sound company and tipped up today in press but should be picked up cheaper soon
SOLD AVIVA (just to get cash back)
Been quite resilient lately but will follow market down and should hit £2.80ish if FTSE hits 4000
AQP been falling heavily each day,might be jitters or poss RI in offing
Sim UU. in Utilities very weak(despite good DIV) another poss RI
Today...FTSE tends to get jitters when DOW off so should go lower

sabretoothtigger

10% div, nice. Is aviva going to give similar ? ved goes ex next wed

06/08/09 10:00 Highlight Aviva interim results & Q2 long-term savings new business figures

India-focused mining group Vedanta Resources Plc has boosted the size of its share buy-back programme by 40 percent to $350 million, lifting the London-listed company's shares on Wednesday.

Vedanta, which announced plans in December to spend $250 million to repurchase up to 10 percent of its shares, said it was increasing the programme by $100 million.

The group -- which has operations in India, Australia and Zambia -- said it has so far bought back 16.2 million shares, equal to 5.62 percent of its shares, for $227 million.

Its shares have more than doubled in value this year and were up 8.9 percent at 1,403 pence by 1108 GMT, making it the biggest gainer in the FTSE 100. It outperformed a 3.4 percent increase in the British mining sector.

Vedanta -- which produces a range of commodities including aluminium, iron ore and copper -- posted a 75 percent drop in annual attributable profit on May 7 after commodity prices slid and the impact of minority stakes grew.

At the time, it said it had cash and liquid investments of $4.9 billion and net debt of $200 million.
Vedanta launched a $1.25 billion convertible bond on June 12 and its iron ore unit unveiled plans to boost output by more than half.

tonygee_3

AV approx 10% DIV,probably why its steady.
Has emphasised it will maintain it,so would get heavily punished if cuts it
It always follows DOW so should be picked up cheaper at some point

sabretoothtigger

It seems an enormous div for a healthy ftse company.
I can remember hyder water yielding 10% for quite a while and wondering why , eventually they succumbed to their debts, as a utility they had to convert to a mutual status and delist

I might take a look or just stick with sl at 6% because I know sl has the best capital position and should pay up afaik. Av is Ex div in sept?

tonygee_3

EX DIV late SEPT should be 13p ish
They offer shares instead which often is a better deal although a lot of nominee accounts(Selftrade is one)dont allow this
End of March,last ex div,I picked up 20p per share but the scrip shares were at a considerable discount to eventual share price