UK Stockmarket 2009 and beyond

Ifts

Bit of good news for BP from the Americans finally!

The Obama administration has infuriated environmentalists by giving BP the green light to bid for new drilling rights in the Gulf of Mexico, The Observer reports. The move – seen as a major step in the company's political rehabilitation as an offshore driller following the Deepwater Horizon accident – was revealed by the head of the US safety regulator after a congressional hearing in Washington. "They don't have a deeply flawed record offshore," said Michael Bromwich, head of the newly formed Bureau of Safety and Environmental Enforcement. "The question is: 'Do you administer the administrative death penalty based on one incident?', and we have concluded that's not appropriate."

http://www.sharecast.com/cgi-bin/sharecast/story.cgi?story_id=4589160

- Also more positive news for BP: BP announces settlement with Anadarko Petroleum

lvader

Bought into G4S at around 220p, it's down over 20% on aquisition news. It looks like a decent move to me and they are probably a bit unlucky on the timing. Anyway I see it as a growing and profitable business so I took the buy opportunity.

gadgetmind

Are you happy with the gearing and pension liabilities of G4S? I must admit they are scaring me a little.

lvader

Well it depends if you believe the growth story.

gadgetmind

lvader wrote: »

Well it depends if you believe the growth story.

If the price drops much further, their yield might be enough to sway me.

lvader

With the rights issue there will be further opportunities to buy at discount, I'll probably go for it.

sabretoothtigger

Looks complicated, conglomerates can be undervalued and/or a total mess . Lowest price since Summer 2009 but isnt that just in line with everything else, not bargain basement



I do own a bit of BHP still but only a bit as we see today the market is slumping like a bag of potatos yet again which was a fair bet.
Might continue down I think not as negative as before until euro disappoints, etc


APPLE is higher then ever before, sells 4 million new iphones in a few weeks and tech in general is the wonder kid again.
Making my swap of tech for gold look pointless as gold is doing nowt and miners continue to be undervalued.
At some point they will churn out enough gold at this high price to either be very rich or pay nice divs, etc
They cant ramp up sales like iphones though

Cisco reports Nov 4th I think and I expect us to meander till then. I was thinking about selling it along with everything else big to 'lighten up' but Ive missed it now





I bought back HOIL today. Tullow joins them in against arguing retrospective tax
Market cap 600m, disputed tax is 400m I think held in London escrow

Good news on BP, thats my biggest holding pretty much as I bought way too much at last ex div
bad timing



Also maybe thinking more Barc who go ex div soon for a tiny sum
I have sold into its recent recovery


Weir, Premier Oil and Petra diamonds are my main unacquired targets

amictus

sabretoothtigger wrote: »

I do own a bit of BHP still but only a bit as we see today the market is slumping like a bag of potatos yet again which was a fair bet.
Might continue down I think not as negative as before until euro disappoints, etc

Just wanted to say thanks for continuing to post updates; I find your comments helpful as I'm trying to learn about all this.

It looks to me like the market is undecided at the moment.

Here's what Mervyn King (Governor of the Bank of England) had to say on the QE2 descision...

This is the most serious financial crisis we’ve seen, at least since the 1930s, if not ever.

http://www.telegraph.co.uk/finance/financialcrisis/8812260/World-facing-worst-financial-crisis-in-history-Bank-of-England-Governor-says.html

He is due to give another speech tonight... will more gloomy comments cause further drops this week?

gadgetmind

sabretoothtigger wrote: »

APPLE is higher then ever before, sells 4 million new iphones in a few weeks and tech in general is the wonder kid again.

Good tech companies, with valuable and well-protected IP, good management, and proven routes to market, have rarely disappointed in the medium/long term.

I've always invested in tech, but had nothing to do with the dot com bubble as it just wasn't my investment style.

StevieJ

gadgetmind wrote: »

Good tech companies, with valuable and well-protected IP, good management, and proven routes to market, have rarely disappointed in the medium/long term.

I've always invested in tech, but had nothing to do with the dot com bubble as it just wasn't my investment style.

I invested in Tech in 1997, well before the bubble burst and lost more or less the lot in three months :eek: the only silver lining was the offering was well over subscribed so I was scaled down :j Ionica was the the company.