UK Stockmarket 2009 and beyond

uk_steve

Hi

Just to say Happy New Year From Little old me :beer:

all the best from Steve

sabretoothtigger

Happy New Year Steve, hope everyone is well. Tommorow is back to normal trading so today is last day for entries in Stockchallenge competition so if anyone wants to enter - http://www.stockchallenge.co.uk/


I did awful this year, placing 203 out of 400 entries.
All but 26 people lost money with their choices, I recommend entering just to learn how easy it is to get it wrong



http://www.stockchallenge.co.uk/



2011 casualty list

[SIZE="4"]Adjustments

AAAM	13 Apr 2011	 Demerged into Afferro Mining (AFF) and Aureus Mining (AUE)
ASD	30 Nov 2011	 Acquired by Alere for 670p
ASTO	9 Sep 2011	 Suspended at 1.6p pending publication of accounts
AU.	14 Nov 2011	 Acquired by HP for 2550p
BKIR	31 Mar 2011	 Suspended at €0.22
1 Apr 2011	 Trading resumed
12 Jul 2011	 Includes 18 for 5 nil paid shares (BIRD)
9 Aug 2011	 Adjusted for rights issue
BRE	7 Apr 2011	 Delisted at 1075p
BSP	29 Jun 2011	 Suspended at 28p
23 Dec 2011	 Trading restored
BTC	15 Jun 2011	 Suspended at 24.5p
15 Nov 2011	 Suspended at 24.5p
15 Dec 2011	 Trading restored
CDG	28 Jan 2011	 Ticker changed to CGNR
CHNS	5 May 2011	 Delisted at 350p
CHU	30 Jun 2011	 Acquired by Hanover for 53.3p
CICR	30 Jun 2011	 Suspended at 2p
CLS	14 Dec 2011	 Changed name to Aeorema Communications (AEO)
CORO	30 Jun 2011	 Changed name to Corero Network Security (CNS)
CSB	1 Jul 2011	 Changed name to Zoltav Resources (ZOL)
DDE	4 Apr 2011	 Delisted at €0.01
DWN	26 Sep 2011	 Acquired by Smiths News for 17.722p
DXR	9 Feb 2011	 Changed name to Woodburne Square (WSAG)
EFD	31 May 2011	 Suspended at 0.15p
FDL	1 Mar 2011	 Includes 5 for 2 nil paid shares (FDLN)
16 Mar 2011	 Adjusted for rights issue
FQM	10 Aug 2011	 5 for 1 split
FTS	19 Jul 2011	 Tender offer 16p
GPG	28 Jun 2011	 Suspended at 38p
GTE	18 Apr 2011	 Delisted at 0.2p
HLO	25 Jan 2011	 Suspended at 112.5 on serious accounting irregularities
13 Sep 2011	 Trading restored
HTI	29 Mar 2011	 Suspended pending clarification of financial position
4 Apr 2011	 Administration
IVO	7 Jan 2011	 Includes 2 for 3 nil paid shares (IVON)
24 Jan 2011	 Adjusted for rights issue
JHD	14 Jan 2011	 1 for 1 bonus issue
JJB	21 Feb 2011	 1 for 10 consolidation
KIO	2 Dec 2011	 Changed name to Anpario (ANP)
LPX	6 Sep 2011	 Changed name to Xenetic Biosciences
MEQC	7 Mar 2011	 Delisted with zero terminal value
MMS	4 Jan 2011	 Suspended at start of challenge.
MVC	7 Mar 2011	 Renamed Orogen Gold (ORE)
MWH	19 Dec 2011	 Listing cancelled at 150p
NBT	24 Nov 2011	 Acquired by Newton for 550p
NGL	13 Oct 2011	 Suspended at 10p
NGP	13 Dec 2011	 Suspended at 2.4p pending reverse takeover
NVTA	11 Mar 2011	 1 for 20 consolidation
OXS	29 Jun 2011	 Suspended at 0.8p
14 Nov 2011	 Trading restored
PEG	1 Jul 2011	 1 for 100 consolidation
PMO	23 May 2011	 4 for 1 share split
PPA	17 Jan 2011	 Suspended at 0.37p pending reverse takeover
19 Jul 2011	 Trading restored
PPN	1 Nov 2011	 Delisted at 16p
PRTY	31 Mar 2011	 Ticker changed to BPTY
PSL	30 Jun 2011	 Suspended at 20p
PTCM	20 Sep 2011	 Suspended pending reverse takeover
8 Nov 2011	 Trading restored with 1 for 100 consolidation
RGT	22 Feb 2011	 Changed name to Alexander David Investments (ADI)
RHEP	26 Apr 2011	 Changed name to Lochard Energy (LHD)
RPT	18 Jan 2011	 Suspended at 31.75p pending reverse takeover
[URL="http://www.iii.co.uk/investment/detail/?display=news&code=cotn:SKR.L&action=article&articleid=8453611"][B][COLOR="yellow"]SKR	9 Aug 2011	 Suspended at 11.5p pending short term funding[/COLOR][/B][/URL]
SLV	9 Mar 2011	 Delisted at 47.5p
SYN	24 May 2011	 10 for 1 share split
26 Oct 2011	 Changed name to Evocutis (EVO)
SYNC	30 Jun 2011	 Suspended at 17p
8 Jul 2011	 Trading restored
TXR	24 Feb 2011	 Changed name to Sierra Rutile (SRX)
UNIQ	17 Mar 2011	 Suspended at 6.3p
18 Mar 2011	 1 for 10 consolidation
1 Apr 2011	 Trading resumed
25 Oct 2011	 Acquired by Greencore for 96p
VEL	3 May 2011	 Delisted at 1040p
WTN	1 Apr 2011	 Delisted at 750p
XTR	21 Jun 2011	 Suspended at 2.60p
26 Aug 2011	 Trading restored[/SIZE]

gadgetmind

sabretoothtigger wrote: »

Happy New Year Steve, hope everyone is well. Tommorow is back to normal trading so today is last day for entries in Stockchallenge competition so if anyone wants to enter - http://www.stockchallenge.co.uk/

CBA entering, but I'll stick the lot on IMG.L

JoeCrystal

Happy New Years Everyone. Hopefully. this year will go bit better for me compared to last year. My holdings is not doing very well. Roughly at annualised return of -3.73% since May 2009. On other hand, I just made my last investment in FKL, reckoning that they might benefit in long term should an oil company manage to pump oil out in Falkland Waters.

Since I am now more into saving into Cash ISA (for 2012-13) for now, I guess I would not be doing any more investing in 2012 apart from doing regular savings plan with a Fund. Unless I get excited about something so thus decided to invest in it *sighs*

Either way, Happy New Years!

amictus

gadgetmind wrote: »

CBA entering, but I'll stick the lot on IMG.L

I had a small holding which I sold in December... just got a bit twitchy. Looking to get back in but don't want to buy at the current price. I'm hoping general market volatility will present a good opportunity in the coming months. 440p would be nice, but can't see it going back down to those levels. Anyone else got a target price in mind?

gadgetmind

owains wrote: »

Anyone else got a target price in mind?

Goldman Sachs say £7.50, and who among us would ever dare to doubt such an infallible and erudite source?

The truth is that *no-one* knows how to value a company that's growing at >10% pa. So, you either ignore fundamentals, charts and analysts, and take a punt based on your understanding of the underlying technology, or you stick to companies where yield, p/e, p/b and all the rest give you a valuation you can compare against current market price.

amictus

gadgetmind wrote: »

Goldman Sachs say £7.50, and who among us would ever dare to doubt such an infallible and erudite source?

The truth is that *no-one* knows how to value a company that's growing at >10% pa. So, you either ignore fundamentals, charts and analysts, and take a punt based on your understanding of the underlying technology, or you stick to companies where yield, p/e, p/b and all the rest give you a valuation you can compare against current market price.

Good point. I guess the standard metrics become pretty meaningless in this situation. I was happy to take a punt at 330p in August but less so at current prices. Suppose I'll just hold out and hope there's a drop to a level I'm more comfortable with.

gadgetmind

owains wrote: »

GSuppose I'll just hold out and hope there's a drop to a level I'm more comfortable with.

Despite normal metrics not working for high-growth companies, you can use a "growing into their p/e" approach. For IMG.L this seems to have priced in 40%+ growth pa for the next 4-5 years, so while short-term dips could happen on rumours and speculation, it would be a growth pause that would cause a long-term correction.

JonnyBravo

sabretoothtigger wrote: »

I did awful this year, placing 203 out of 400 entries.
All but 26 people lost money with their choices, I recommend entering just to learn how easy it is to get it wrong

Whoops. Sorry if that EMED was due to my terrible tipping. On the plus side, this year I'm REALLY convinced it'll all come right for them. And I've still got everything but the kitchen sink on it.

amictus

gadgetmind wrote: »

Despite normal metrics not working for high-growth companies, you can use a "growing into their p/e" approach. For IMG.L this seems to have priced in 40%+ growth pa for the next 4-5 years, so while short-term dips could happen on rumours and speculation, it would be a growth pause that would cause a long-term correction.

I'm pretty new to all this and haven't come a across a "growing into their p/e" approach. Seems like a good way of using available earnings data. In the case of IMG, 40% growth each year seems pretty unbelievable... didn't they recently report a 25% increase? That said, I don't anticipate a growth pause any time soon, so, assuming I'm happy with the high P/E valuation, I'd be looking for a dip to buy at a slightly reduced price. Hmmm... still not sure so I'll leave it on the watchlist for a while I think.