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UK Stockmarket 2009 and beyond
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At least the losses came from those substantial profits, the right way around? Performance on moringstar portfolio reads out as 3yr standardised as well counting the individuals years probably for these reasons
I dont know those companies especially but it is true in general that alot of companies are valued as not much more then cash shells. Its not especially fair even if they are not yet fully profitable, its not a one off that potential is underated.
So I would not assume you made the wrong choices just from the price tag
Heres a chart posted elsewhere for oil companies, $ value assigned to their reserves (if it were sold) obviously ignoring costs, etc
http://www.edisoninvestmentresearch.co.uk/sectorreports/Seismic_reflections13012012.pdf
SKR is one of the worst Ive seen for 2011. Its struggling to get enough funding to become working. Down from 50p to 5p, its just come out of suspension after their IPO partners rejoined the race.
Not much hope except I did notice one detail is that the Kazack government will require farmers to maintain a minimum quality to their soils.
They will also fund 50% of each farmers purchase of fertilizer. If this is true, its a massive market on Sunkar's doorstep. They have to renegotiate a license, etc first
Jonny, I noticed Copper prices rising very nicely recently.
Im secretly hoping EMED will cycle down to a point I can buy even more again. Of course I dont mind if it goes straight up but I think they have much way to go still, not sure of their KEFI subsidary but I think they have a few diversified prospects still
I also have ANTO and of course KAZ is super cheap0 -
Hi
JonnyBravo hope all is well with you?
that is the best way to look at it with that smily you have used
:eek:
lets see what happens in due course with my fate lets face
its going to happen 1 way or another i have always
lived close to the edge, i am sure i was a Japanese kamakaze air polit
in my previous life :A
Oh well we only live once ;-)0 -
UK_Steve
Jeepers, I thought I lived dangerously doing 2x and 3x leveraged trades on the FTSE100 and the Russell 1000 indices. I also tend to think of gains and losses as "Swings and Roundabouts" as Johnny Bravo mentioned but the extremes you have been hitting seem more like "Snakes & Ladders"
I did try some trades (up to 20k) in CDG, Southern Cross, Vatukoula Gold etc but only stayed in those trades for a couple of weeks at most. At the time of holding they all just flat-lined which made me nervous so I jumped out with tiny profits...before they fell.
Can't even do right with Tesco
so I think I will leave the Miners and Oil shares to you brave guys!! 0 -
sabretoothtigger wrote: »Jonny, I noticed Copper prices rising very nicely recently.
Im secretly hoping EMED will cycle down to a point I can buy even more again. Of course I dont mind if it goes straight up but I think they have much way to go still, not sure of their KEFI subsidary but I think they have a few diversified prospects still
Yep, prices are strong again for the moment but it's so volatile I'm not sure they'll stick. They're largely irrelevant at the moment anyway.
It's all about the election and the "Administrative Standing".
So long as the polls are right (PP win) then I don't think EMED can lose. If PSOE get back in though then.... :eek:
Yeah KEFI have been getting their exploration permits in Saudi, but these are v early stage explorations and as I'm not directly invested I'm not up on any info about them.
I like the chart of oil and gas you've put up. I'm only in 2, but that's CAD and MOG so the right end of the chart.
Of course that just means they've actually got to start to drill and produce more.
Expecting MOG to move quicker than CAD, they're playing it slow for some reason and not expecting much from CAD in this financial yr now.
I think you might be right steve! Hey I know it's high risk but I'm yet to be convinced just how much riskier it is to know a few compnaies "very very well", as opposed to many only "slightly well".
I guess the answer is a measure of just how "well" you really do know them.
Good luck.0 -
worldtraveller wrote: »Too cheap compared with what though? Current FTSE company earnings & future estimates? What happens, for example, if next year average FTSE company earnings fall 20-30% (very possible IMHO), possibly more, from what they are today/future estimates? It won't be cheap then. Future earnings estimates also tend to be exaggerated by analysts....
The number of UK firms who warned that profits would be lower than expected rose by more than 70% in the last three months of 2011, a report has said.
UK listed companies issued 88 profit warnings in the fourth quarter, up from 51 in the third quarter, accountants Ernst & Young said, marking the highest quarterly jump for a decade.
BBC NewsThere is a pleasure in the pathless woods, There is a rapture on the lonely shore, There is society, where none intrudes, By the deep sea, and music in its roar: I love not man the less, but Nature more...0 -
By FTSE most people intend FTSE 100, the FTSE 100 isn't really correlated with the UK economy.0
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By FTSE most people intend FTSE 100, the FTSE 100 isn't really correlated with the UK economy.
I understand your point, but the post is about UK listed companies, as in the FTSE 100. My point back in October, 2011 was, and still is now, that, IMHO, we will see some major falls in average earnings, compared to recent analysts estimates, in FTSE 100 companies this year.There is a pleasure in the pathless woods, There is a rapture on the lonely shore, There is society, where none intrudes, By the deep sea, and music in its roar: I love not man the less, but Nature more...0 -
worldtraveller wrote: »I understand your point, but the post is about UK listed companies, as in the FTSE 100. IMHO we will see some major falls in earnings, compared to recent estimates, in FTSE 100 companies this year.
No doubt there will be some, but to make a real difference to the overall PE the big global oil and miners that dominate the FTSE will have to be affected.0 -
No doubt there will be some, but to make a real difference to the overall PE the big global oil and miners that dominate the FTSE will have to be affected.
Again, as I expect they will, as posted earlier, IMHO, with further general falls in commodity prices. There is a pleasure in the pathless woods, There is a rapture on the lonely shore, There is society, where none intrudes, By the deep sea, and music in its roar: I love not man the less, but Nature more...0 -
worldtraveller wrote: »we will see some major falls in average earnings, compared to recent analysts estimates, in FTSE 100 companies this year.
This is why looking at dividend cover and gearing is ever bit as important as looking at dividend history.I am not a financial adviser and neither do I play one on television. I might occasionally give bad advice but at least it's free.
Like all religions, the Faith of the Invisible Pink Unicorns is based upon both logic and faith. We have faith that they are pink; we logically know that they are invisible because we can't see them.0
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