UK Stockmarket 2009 and beyond

tonygee_3

SL also seems to be stuck in a range( 175-195 )must be frustrating as a holder
and not worth trading,unless you risk large amounts

tradetime

DAX holding the 4680 support, break there would complete the H&S top, and open the way to 4100 ish

sabretoothtigger

The demerger of Friends Provident’s asset management subsidiary F&C has received court approval and has taken place today, resulting in a downward adjustment in the share price.

Broker Panmure Gordon believes that having offloaded its 52% stake in F&C Asset Management the life assurance company could well be involved in consolidation activity within the sector, though it suggests that had buy-out specialist Resolution been interested in Friends it would have made its move before the demerger.

“We maintain the view that Friends Provident is strategically hampered by its positioning in the UK Life market, where its key product lines are Group Pensions (a competitive market place) and Protection (housing market exposed),” the broker’s analyst Barrie Cornes said.

Cornes rates the shares a “hold”. “Although the valuation appears attractive with a 2009E dividen d yield of 6%, we think that there are better opportunities elsewhere in the UK life sector, and would highlight Prudential and Aviva as the obvious switch candidates,” Cornes concludes.

Head of FP is formerly of SL afaik


Sounds like you made like 15% just from the dividend off AV, I would have bought had I really guessed the rally was on but I'll definitely look for sept. I agree in general theres no rush to buy before then

Which broker let you do the scrip div with AV? SL also issued their dividends at 180p while market was at 200p, considering its free to do its a shame my broker would not allow me to nominate this.
I trade the edges of SL, sold some just over 200 and bought some at 178 but definitely not big money


Dax I always confuse with ftse because the numbers are similar

It trades 7am to 15:30? I would guess down from here (4711) as we had big movement this time yesterday out of hours but also on 25th june usa open saw this point as previous support

I guess theres a gap today where usa volume would be so low volume could mean either way, I think a small down though

tradetime

Dax I always confuse with ftse because the numbers are similar

It trades 7am to 15:30? I would guess down from here (4711) as we had big movement this time yesterday out of hours but also on 25th june usa open saw this point as previous support

I guess theres a gap today where usa volume would be so low volume could mean either way, I think a small down though

All the EU majors open at the same time 08:00 hrs and close 16:30 hrs, same as London. Yesterdays movement was in reaction to US data, US markets are closed for the July 4th weekend. Without a US influence I think this level will hold for today, not long left now anyway, it's held in mid May, and early June now., 200 sma here now also.

sabretoothtigger

Yea its always about america :laugh: 200sma is support I guess but I dont put much by that when in May 08 the ftse was above 200sma and that didnt last

The dax and ftse look pretty similar really, ftse drew ahead since nov but thats just currency variation I think as its closing now. The dax was in the best years 1300 pts ahead but in Feb it was just 13pt difference


Looking over the last 10 years it would have been so much better for a uk person to track the dax instead. The market itself has outperformed and only fallen 15% to our 30% and on top of that the euro has appreciated about 30% making a possible gain of 15% compared to an actual loss here of 30%.
Not exactly great but shows the benefits of broad horizons I guess



Anyhow another events link I forgot about:

http://www.investorresearch.mdgms.com/events/events.html

Mon_6th_July wrote:

UK
08:00 SMMT Registration figures, detailing monthly new car registrations in the UK with June's figures revealing the effect on the UK car industry of the 2nd full month of the govt's car scrappage scheme. M
08:30 Narrow money (Notes & Coin) and reserve balances
11:00 Chancellor Alistair Darling could publish a white paper on the regulatory supervision of UK financial institutions this week * The current tripartite system involving the Treasury, Bank of England, &
11:00 Halifax House Price Index expected around now

US
14:00 ISM Non-Manufacturing report on business
15:00 Global Services PMI

EU
11:00 WTO Global Review of Aid for Trade meeting, incl publication of the Aid for Trade at a Glance report launched during the event(CH)

Other
01:00 TD Securities Monthly Inflation Gauge(AU)
01:30 ANZ BANKING GRP ANZ Job Ads(AU)
02:00 Imported Vehicle Sales(JP)
05:00 International Reserves(ID)
05:00 Indexes of Business Conditions (Preliminary Release) - incl Coincident Index & Leading Diff Index(JP)
06:00 India: Union Budget is presented by new Finance Minister Pranab Mukherjee following the Congress party's victory in May's national elections(IN)
07:00 Employment and unemployment(RO)
07:30 Industrial production & new orders(DK)
08:00 CPI(TW)
08:00 WPI(TW)
09:00 Harmonised CPI(CY)
11:00 Russia: U.S. President Barack Obama meets Russia President Dmitry Medvedev in Moscow, following invitation from President Medvedev at the G20 London Summit in Apr. Agenda for talks due to incl the ren(RU)
11:00 National Bank of Serbia Monetary Policy Committee Meeting(CS)
12:15 Official International Reserves(CA)
19:30 Consumer Confidence(MX)
22:00 NZIER Quarterly Survey of Business Opinion(NZ)
23:30 AiG - Housing Industry Association Performance of Construction Index (Australian PCI)(AU)
23:50 International Reserves / Foreign Currency(JP)

tradetime

sabretoothtigger wrote: »

Yea its always about america :laugh: 200sma is support I guess but I dont put much by that when in May 08 the ftse was above 200sma and that didnt last

Yeah, like it or not the worlds largest economy still calls the shots, as for MA's at the end of the day they are just lines on charts, but they do frequently produce reactions, have bearing on probabilities, which is all that matters to me. Only thing I can tell anyone with absolute certainty about support and resistance levels, is tht sooner or later thay are all broken

sabretoothtigger wrote: »

The dax and ftse look pretty similar really, ftse drew ahead since nov but thats just currency variation I think as its closing now. The dax was in the best years 1300 pts ahead but in Feb it was just 13pt difference


Looking over the last 10 years it would have been so much better for a uk person to track the dax instead. The market itself has outperformed and only fallen 15% to our 30% and on top of that the euro has appreciated about 30% making a possible gain of 15% compared to an actual loss here of 30%.
Not exactly great but shows the benefits of broad horizons I guess

I suspect the DAX is slightly more diversified than the FTSE, I never stay anywhere or in anything for too long, markets or life in general, guess that's just my nature

turbobob

The Dax is made up of just 30 companies. Biggest constituents are Volkswagen, E-on and Siemens. I *think* the business with Volkswagen/Porsche last year was enough to see the Dax rising on a day where pretty much every other index in the world was falling like a stone!

sabretoothtigger

That was funny business and some sort of merger is still on going I think with Qatar involved as the third party? Porsche make more money on trading options then they do selling cars, if only gm had been so savvy instead of the iffy 'cheap' loans

I thought 30 companies might be bad but if its weighted, it might not be any worse then the ftse however I couldnt readily find sector bias for the dax. ftse is quite commodity related i think






Ftse would be 30 % commodity, 12% bank and rest is technology say.

Dax is 23 % utility , 28% industrial chemicals and the rest finance



41,32 % in the top 10 for ftse vs
70.49% in the top 10 for Dax

sabretoothtigger

Round up of Ftse100 shares that made you money so far this year and lost in comparison to a roughly even index YTD


http://uk.biz.yahoo.com/30062009/404/ftse-2009-half-year-report.html





http://nakedtrader.co.uk/trades.htm

^^ his safety rule for shares - net debt should never be much more then 3x full year profits as per detail in company reports

gfplux

Thanks for those links sabretoothtigger.
Why did I not pick all the winners. Anyone got a crystal ball?