UK Stockmarket 2009 and beyond

Masomnia

I bought BP after the New Mexico thing, as a recovery play, now weighing up options.

I have to be honest I don't understand all the ins and outs of these Russian deals either, and that worries me. Increasing the dividend sounds nice, but with so many asset sales going on, where is future revenue going to come from if they favour giving cash to shareholders rather than investing? Seems to me they're just trying to tempt the big funds back in for the income, but I worry it will be at a future cost.

[Deleted User]

I took over dh`s sipp in 2005 and aimed to have a balanced portfolio so bought some fixed interest items, like pibs with various banks and building societies. In 2010 they were cheap and the interest (on price paid) ranges from 8 to 11% pa with capital growth on average about 16%. I was very happy with that but last week had an urgent sippdeal message to say that yorks bs wanted to tender for one of the pibs that dh owns. Tender was 82% ie 82p,they were quite a bit lower than that when I bought them. Settlement was today and interest over the 2 years was 25% and profit was also 25%+ so total profit over only 2 years has been 50% and fortunately I had bought quite a chunk . I am only mentioning this because people get so obsessed with shares but there are other vehicles esp as part of a balanced portfolio

Now I have the very pleasant task of deciding how to invest the cash as it only earns about 0.01% in the sipp. I`ll do the deed tomorrow morning and then forget about them as they are solid companies with reasonable divis and charts look good.

cloud_dog

sabretoothtigger wrote: »

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

Well, all I can say is that I have been very lucky with CEY as I moved out of it at just under the £1 a little while ago and have been waiting for it to correct after the nice run its had in the last 2 to 3 months.

Didn't expect this though.

I've been in (and out to some degree) of CEY for a large number of years but, as Gaedget says, once new regimes start thinking they can get away with this sort of thing it is unlikely to stop. Even if the judiciary over turn this (whatever this may be) CEY may find themselves with water rights issues or pollution, strikes, etc, etc.

I have to seriously consider if I am going back in.

coastline

A chart to keep an eye on ??...there again theres plenty of them..

http://stockcharts.com/public/1092905/chartbook/197945725;

gadgetmind

kittie wrote: »

I am only mentioning this because people get so obsessed with shares but there are other vehicles esp as part of a balanced portfolio

I totally agree, and well done on those PIBs. We hold a fair slug of corporate bonds and quite a few bank and insurance preference shares, which have also done very nicely.

The principle of "hold lots of different stuff" has always done nicely for me.

sabretoothtigger

Questor comment on CEY makes it sound a bit like a storm in a teacup. The company themselves say an act of parliament allows their operation, it wasnt just a 'deal'
I dont think its quite as dire as losing everything but this is a revolution after all so Im not sure
http://www.telegraph.co.uk/finance/markets/questor/9644031/Questor-share-tip-Centamins-Egyptan-woes-continue.html

Kittie, that is a great deal. I bought shares in banks but Im not sure I ever made 50% and I probably could have if going with the slower moving bonds
There isnt much profits to share at the moment so it is mostly speculation

BG group fell 20% today, which at 1050 I think is a long term buy. Pity I already owned them :eek: They'll be alright long run, its a nasty setback but they do well just not as well as hoped

Meanwhile Plexus which Ive sold has doubled again

Ive been buying BP at 430 and selling at 450, they should be worth more. The Russian deal is good, Im assuming they are not mentioning arctic exploration yet to avoid rocking the boat
500 or 600 long term and get a nice div meanwhile. Once it gets above 500 its subject like BG to disappointment (even while profitable) but right now its cheap?
BG was 12 pe at 1050 I think

coastline wrote: »

A chart to keep an eye on ??...there again theres plenty of them..

http://stockcharts.com/public/1092905/chartbook/197945725;

Market putting in a top is about right but it doesnt have to go down. Every season it seems to do ok enough until end of spring and then we see big falls

coastline

An interesting chart...well for some...this one was a prediction from a few years a go...

coastline

another...notice how company P/E values hit single figures before a bottom in the market is made..

sabretoothtigger

I thought we did and many still are single figure PE. SL was valued at pure cash at its low, the business was valued nothing. Price more then doubled now, 20 pe it says now?

CAD is valued at cash basically, it'd probably free fall further otherwise. They have no profit so I guess its fair and expected until people believe it can make anything

coastline

SP 500 on a P/E of 15 according to this link...

http://www.multpl.com/

I've loaded a chart on the previous page 177..post3540..just incase anyones missed it or wants a look...I like it anyway..;)