UK Stockmarket 2009 and beyond

StevieJ

Another one bites the dust, I don't remember this on in their previous statement. It is a pity as this guy was one of the reasons I climbed aboard as he seemed to perform a good turnaround for the company. I think I will be doing a Fagin and 'reviewing the situation'.

Cadogan Petroleum plc

Resignation of a director
As advised in the notice of the annual general meeting issued to shareholders on 23 May 2012 Ian Baron is not seeking re-election as a director, accordingly he has with immediate effect resigned as a director of the Company.

http://otp.investis.com/clients/uk/cadogan-petroleum/rns/regulatory-story.aspx?cid=46&newsid=253672

sabretoothtigger

For a second I thought you meant the entire company :eek:


Just sold most of my FRES. Trying to craftily trade it down a bit for a free bit of cashflow. ie. rebuy lower
I havent really a clue if its going up or down at the moment in the big picture but they seem quite rich with silver and gold prices staying this high even if massively below the peak they seem very profitable

Not sure what yield they will pay but I like the idea of APF should be good as they are pure mine royalties

I put them into my stockchallenge for this month which is doing well so long as we keep going up


CAD and FXPO are both mostly Ukraine related I think. Luckily they havent screwed up the Euro football yet with a massive riot as I think politics, etc can ruin these prices. FXPO is already halved


VGM down 17% owch

EMED Mining (LON:EMED) surged 20.3% to 9.625p at the mid-price during afternoon trading on decent volume. Possibly one of the reason behind the move could be bulletin board chatter that the Spanish government has publically gazetted approval for the public viewing of the AAU (local equivalent for the EIA, Environmental Impact Assessment). Whilst we haven't received confirmation of this, if that is the case it would tend to suggest the government is comfortable with details in the EIA and now facilitating the mandatory public review. We will be watching the newswires closely over the next few sessions.

Very nice rise. The chart alone explains this, flatline and found support. Sudden rise is perfectly possible, normal even. Not sure if its justified but I guess neither are the way AIM shares naturally drift to Zero it seems

Bought PMG and HER today. horrible chart for HER but not sure they deserve it, support here then its down to half a penny.
PMG worlds most expensive company :laugh: a punt

lvader

Nice to see a quite a few of my shares back in the blue. Commodity shares seem to be fairing quite well even as raw material prices continue to drop.

JamesU

sabretoothtigger wrote: »

Just sold most of my FRES. Trying to craftily trade it down a bit for a free bit of cashflow. ie. rebuy lower. I havent really a clue if its going up or down at the moment in the big picture but they seem quite rich with silver and gold prices staying this high even if massively below the peak they seem very profitable

Not sure what yield they will pay but I like the idea of APF should be good as they are pure mine royalties. I put them into my stockchallenge for this month which is doing well so long as we keep going up.

APF and ATK nice selections, they are doing really well, pity silver dropped. I haven't seen you with such a low spread either. Notice Rockitup entered this month's fray and is doing well too, I liked the diversified shorting on Bolton's China IT, could be seen as heresy by some though.

My shorting of EU banks and a dismal punt on gold miners mean I am chasing Monkey with a pin at present this month, not for the first time though.

JamesU

JonnyBravo

JamesU wrote: »

I am chasing Monkey with a pin at present this month, not for the first time though.

:rotfl:

You should worry. My hopes of a glorious win on my maiden entry seem to have been dashed by events at MXP last week. Thankfully I don't own them for real, but it's sad to see as I was invested a couple of years ago.
Annoyingly I don't own my top performer either (JKX). Just one I'd been keeping an eye on after it's recent hammering. No idea why I picked MML, just thought it might be undervalued but I guess not!
I'm still holding AAZ and CAD for real and they're doing ok.

gadgetmind

JamesU wrote: »

APF and ATK nice selections

I thought I was the only one here to hold such boring shares as ATK, or is this something other than WS Atkins?

sabretoothtigger

No I hold them for real, that was just a stock pick choice for this month though - http://www.stockchallenge.co.uk/challenge.php?challenge=1206
Engineering is a hot sector, has and will be in future I think because Asia needs us for such things.

Recently I was going to buy Hyder at 350 but waited for 340 or so and now its 400, I didnt realise they had results arriving.


Its not that boring, the performance is more consistent then most things which makes it high performance in comparison to crazy swings on commoditys


I do own HYC and ATK and they are good holds rather then trying to swing trade the constant gloom/boom and prices up and down. Nice div too.
Latest thought is to buy XTA but Im not sure where so I may just add a little

gadgetmind

sabretoothtigger wrote: »

Engineering is a hot sector, has and will be in future I think because Asia needs us for such things.

Agreed, and ATK seem to have got things right regards international exposure. I also hold Balfour Beatty and am looking at Renew.

Latest thought is to buy XTA but Im not sure where so I may just add a little

I saw this today.

http://www.guardian.co.uk/business/nils-pratley-on-finance/2012/jun/25/xstrata-share-price?newsfeed=true

I hold BLT and that's quite enough diggers for now.

sabretoothtigger

Yep BLT is great. Or just Asia pacific tracker in general, that performed so well in 2008 and 09 and I think it will do similar and hold strong basically (vs sterling)

XTA is an extreme bet. Hence why I'll just buy a little, I already bought BG and Weir too soon on this recent negative twist, probably going to red quite alot before any rise


CNA is a way safer bet, I would like to buy that lower if possible. I see them drifting up overall excluding regulation problems. High div, I already bought and sold them this year much like ATK and I see them as worth buying again. Also I hold these long term as well as thinking of a trade near 300


Larger market boundaries, 8600 at most on Nikkei is where I probably should have waited for to stock up

Or 12000 on the DOW is a familiar much sounder base. Im not sure we will fall that far though

sabretoothtigger

Any thoughts on GKP now ?


I presume its the same old story but even more enticing. Its bonkers that it goes to 450 and yet here we are, near to 2010 prices.

I sold everything and Ive bought back recently. I'm just going to play around with it, keep a tight stop loss on what I got yesterday and hold 1/10 for longer term higher prices and see what happens.

Ive generally gone with HOIL not GKP which might be foolish but I just figure its more 'honest'

edit: sold some at 161. I think 110- area is much bigger support