UK Stockmarket 2009 and beyond

JamesU

lvader wrote: »

The old adage "Sell in May and buy back in November" has never been more true.

Have to bear in mind there were a lot of buy/sell opportunities due to volatility during that period though.

JamesU

sabretoothtigger

True, buying in August after selling July would have been close enough.

I did do that for a couple things, like I ditched Cairn on the highs.
I do think they are too cheap now, look at the figures but it appears they will be close to cash value after paying 3.5bn to shareholders shortly.
Positive past 300 I count them, so far its not performed but if you sell 2/3 of the company it can confuse!


Intel from August has been amazing, I always liked that one

I thought it was buy in September anyway which was a bit of a high as it turned out, though its all good now

‘Sell in May, go away and come back on St. Leger day’.
http://www.sharesmagazine.co.uk/node/5192

StevieJ

lvader wrote: »

The markets have got so used to crashing in the summer that its hard to think beyond that. The old adage "Sell in May and buy back in November" has never been more true.

I don't think the St Leger is run in November

lvader

I thought "Sell in May, buy back in November" was the new norm. Not that it would work for me anyway, I can't go a couple of weeks without trading something.

gadgetmind

I buy when I see value and opportunity and sell just enough every year to use our CGT allowances. Of course, I don't indulge in anything like this level of crazy activity in our ISAs and SIPPs.

JonnyBravo

re EMED

JonnyBravo wrote: »

Today has been a good day.
A very good day.
You can all thank me in a few more weeks when this will all seem a long time ago :cool:
Probably

sabretoothtigger wrote: »

Volume was septuple times normal :eek:

And it's going to be a big day today too.
RNS out - Welcome to the Chinese!

p.s. It's ISAable!

sabretoothtigger

decuple volume today :laugh:

Doubled since December. I had an old sell order take a little profit today, 14 is now the area of its uptrend before it broke last year

Copper price is strong enough, not inclined to really sell much with such strong volume to support the price. I take it this deal is very good, shares issued at 9p seems fair enough


I sold some Cairn today and bought a bit of SEA who own LOGP. Wind power and irish sea oil well appraisal results to come I think. Seemed reasonable but the CEO has left
http://jmfinn.eu.bdvision.ipreo.com/NSightWeb_v2.00/Downloads/Files/6753f33b-1de5-4a74-9473-d158b6bbbe6e.pdf


Article on people who saved in an ISA every year and now have +£1m
http://www.telegraph.co.uk/finance/personalfinance/investing/isas/9059164/Meet-the-Isa-millionaires.html

JonnyBravo

sabretoothtigger wrote: »

decuple volume today :laugh:

Doubled since December. I had an old sell order take a little profit today, 14 is now the area of its uptrend before it broke last year

Copper price is strong enough, not inclined to really sell much with such strong volume to support the price. I take it this deal is very good, shares issued at 9p seems fair enough

Yep massive yesterday.
The deal is fair enough.
The shares at 9p are ok, we have been at that level for long enough. The fact they are also supplying $15m debt and promising support for run-over costs is more valuable.
This deal in turn allows the main debt for re-opening the mine to be obtained. This is vital of course.

It does also open a valuable path to the east. China are buying lots of Cu companies and who knows what their long term intentions may be once PRT has permitting.
The Junta have been introduced to XGC as well.
All good.

I'm still firmly of the opinion that the big news (ie "administrative Standing" being granted) will happen before Mar 25th elections so I've not sold a single share. I'm in profit by a very large number but I feel more is to come.
I'm feeling greedy. nom nom nom.

sabretoothtigger

EMED doing very well yet again today and good volume. I cant find an excuse to sell any, maybe nearer to 16

Bought back some ABG on its fall just now ( I had sold at 600 to benefit from higher gold at that time).
I dont think they did anything drastically wrong besides the higher costs of incidents already known from last year. 450 is a high vol area which may just hold.

I meant to buy ABG back in Jan but apathy reigned so now is a better time as the gold price already rose? I thought it might and now it has, I hope it doesnt just reverse, that would be my main worry

Also thought about selling some Cluff to balance the books and they at a potential top but again not really over valued. ABG is 10 PE

XEL is my best recently, up 27% again today. I may sell some tomorow but with such momentum its always hard to know when, good vol

Also added some Caza. Market is kinda looking toppy but often these things only fall down dramatically after it hits its head twice on something hard

News » Article: African Barrick Final Results
Thursday, 16 February 2012
Financial Highlights
· Revenue of US$1,218 million, up 25% on 2010.
· EBITDA2 of US$544 million, up 30% on 2010.
· Record cash margin2 of US$895 per ounce, an increase of 33% on 2010.
· Net profit attributable to owners of US$275 million, with EPS of US67.0 cents, up 26% on 2010.
· Operational cash flow of US$498 million, an increase of 44% on 2010.
· Cash position of US$584 million as at 31 December 2011. [vs 3000m market cap?]
· Proposed final dividend of US13.1 cents per share; total dividend for 2011 of US16.3 cents per share, up 208% on 2010.

Operational Highlights
· Attributable gold sales1 for the year of 699,539 ounces (Group sales1 of 724,574 ounces), a 3% decrease on 2010.
· Attributable gold production1 of 688,278 ounces (Group production1 of 713,508 ounces), 2% below 2010 production.
· Increase in full year production at Bulyanhulu, Buzwagi and Tulawaka, with lower production at North Mara due to the planned focus on waste stripping.
· Cash costs2 of US$692 per ounce, an increase of 22% on 2010 due principally to a combination of industry cost inflation, increased diesel usage and higher headcount.
· Launch of the ABG Development (Maendeleo) Fund, the largest community development fund in Tanzania.
· Highly successful drilling campaign at Nyanzaga led to a fourfold increase in the in-pit Mineral Resource at the Tusker deposit to 3.5Moz Au Indicated and 0.6Moz Au Inferred.


Commenting on the results CEO Greg Hawkins said: "The underlying performance of each of our assets has improved over the year with three of the four mines achieving production increases, despite the impact of the unreliable power situation in Tanzania. Our strategic investment in exploration has led to a fourfold increase of the resource at Nyanzaga and as a result our total resource base now stands at over 31Moz. The capacity of our assets to generate strong cashflows has again been demonstrated and this is reflected in our decision to treble our dividend payout over 2010 and to set out our dividend policy for future years. In 2012, we expect to produce between 675,000-725,000 ounces of gold at a cash cost of between US$790-860 per ounce sold, whilst also continuing to advance our portfolio of growth projects and assess other opportunities to expand our asset base."

JonnyBravo

sabretoothtigger wrote: »

EMED doing very well yet again today and good volume. I cant find an excuse to sell any, maybe nearer to 16

Yep it's looking stronger as the election looms.

I'll be timing any selling with news rather than price targets, but hey, different folks, different strokes.
We're so close to the election now and I'm still convinced significant news will arrive before then.
:j