UK Stockmarket 2009 and beyond

chris_m

sabretoothtigger wrote: »

CAD is boring .....

So are most oil companies - unless they are digging it up (tar sands) there ain't much other way to get the stuff out of the ground :rotfl::rotfl::rotfl:

jimjames

gadgetmind wrote: »

"The" sell off?

Maybe "a" sell off!

I think (hope!) there will be good/better buying opportunities in the next couple of years, but for better or worse, I'm maintaining a high equity exposure at the moment.

Sell off would be good. Unlike 2009 I have plenty ready to be able to stock up with this time!

gadgetmind

jimjames wrote: »

Unlike 2009 I have plenty ready to be able to stock up with this time!

I only had a few £k to stick into equities in 2009 but got lucky with IMG, ARM and AAPL. Happy days.

Come the drops in late 2011, I went for blue chips, which has paid off well.

Come another sell off, I expect financials to take a very big hit, and I have a shopping list of ords, prefs, ECNs, FRNs, bonds, and much more.

I'm about 10% cash to fund this and am also selling down my tech shares.

Glen_Clark

sabretoothtigger wrote: »

I read some article last night. 2bn debt, 200m profits and the yield is over 10% which is nice but a large liability also all in all.
This kind of debt to earnings ratio breaks a few safety rules?

Yes.
Branson claimed First's bid would bankrupt them. As I understand it, First agreed to pay a huge amount, but most of it near the end of the contract, with a relatively small penalty for walking away.
Are they so desperate for cash flow they were putting in a bid for a contract they would eventually have to break?
I guess by that time the present management would have taken their bonuses and gone.

sabretoothtigger

^^ I think it was a good deal for them. Desperate not required, just take a good opportunity when its there.
If they agree a price to pay today and inflation is more then expected, surely they profit between now and then



Looking at GKP getting sued at the moment, how plausible does that little story seem. He wants 1.8bn when the company isnt making a profit and he put up no capital towards its costs or work, seems a bit much to claim

187 I think is a more reasonable buy, the share looks weak so I will hold off any buy here

http://www.businessweek.com/news/2012-10-15/gulf-keystone-sued-by-ex-soldier-over-iraq-oil-field-rights
http://www.reuters.com/finance/stocks/GKP.L/key-developments/article/2618114

chris_m wrote: »

So are most oil companies - unless they are digging it up (tar sands) there ain't much other way to get the stuff out of the ground :rotfl::rotfl::rotfl:

I could thank you but then I would have to kill you. awful awful joke

sabretoothtigger

I always wondered if this might happen. Egypt is moving to confiscate the Sukari gold mine as it was part of the Hosni Mubarak business regime apparently at least in the perception of the current administration




Quite sad, I didnt perceive this company as exploitive. This is a failure for Egypt and its possible foreign investment going forward?

gadgetmind

sabretoothtigger wrote: »

This is a failure for Egypt and its possible foreign investment going forward?

Yes, very much so.

Once countries have started down this route, and have tasted their first blood, they rarely stop until there is nothing left.

JamesU

sabretoothtigger wrote: »

.......Quite sad, I didnt perceive this company as exploitive. This is a failure for Egypt and its possible foreign investment going forward?

CEY fall of 35% seems modest really, just back to levels before rally that started in August. I would have expect greater falls given this news. Interesting to see what happens to EGPT.NYSE when Wall Street opens again. It's not a stunning index, but any major changes could be an indicator of investor confidence in the country.

Any ideas why ABG has been weakening in recent trading? Down around 10% over the last few trading days.

JamesU

coastline

BP on the mend ??...latest dividend increase should push current yield to around 5%.
EPS should reach 62p by next year..2013...PE of 7.

https://www.share.com/cgi-bin/oicgi.exe/inet_tsc_dl2?epic=BP.

BP this morning announced a quarterly dividend hike of 12.5 per cent, on the back of strong third quarter results.
The dividend, which will increase to nine cents a share, will be paid in the fourth quarter.
Third quarter profit came in at $5.2bn (£3.2bn), up from $3.7bn in the previous quarter, which was boosted by strong refining margins in the downstream business.
BP chief executive Bob Dudley said this morning: "BP’s performance and the strong progress we are making in transforming the company give us the confidence to increase distributions to our shareholders.
"We are on track with our strategy to 2014 and are laying the right foundations for sustainable growth during the coming decade."

Looks like the chart is creating a series of higher lows..one more good piece of news and up it goes..???

Glen_Clark

coastline wrote: »

BP on the mend ??...latest dividend increase should push current yield to around 5%.
EPS should reach 62p by next year..2013...PE of 7.

https://www.share.com/cgi-bin/oicgi.exe/inet_tsc_dl2?epic=BP.

BP this morning announced a quarterly dividend hike of 12.5 per cent, on the back of strong third quarter results.
The dividend, which will increase to nine cents a share, will be paid in the fourth quarter.
Third quarter profit came in at $5.2bn (£3.2bn), up from $3.7bn in the previous quarter, which was boosted by strong refining margins in the downstream business.
BP chief executive Bob Dudley said this morning: "BP’s performance and the strong progress we are making in transforming the company give us the confidence to increase distributions to our shareholders.
"We are on track with our strategy to 2014 and are laying the right foundations for sustainable growth during the coming decade."

Looks like the chart is creating a series of higher lows..one more good piece of news and up it goes..???

I hold BP but not enthusiastically.
They have just sold TNK which was about a third of their production.
They have a minor stake in Rosneft, but we don't know if they will see much dividends from it. It could well be a lot less than they got from TNK. I understand Rosneft is state controlled, what if they decided to run it on a not for profit basis?
The deal and risk is complex and I don't understand it. I wonder if Bob Dudley does either, or whether he just wanted to get out of TNK at any price. Some say they have jumped out of the frying pan into the fire.