UK Stockmarket 2009 and beyond

sabretoothtigger

Another 200 kilos gold exporting today apparently

Bought some at 55. It doesnt appear weak, overall its probably wisest to wait for the next scare but without any it'll double. None of trades done appear to be larger then 50k so no fund buying then?

I noticed its in this list of, '30 shares you cant ignore'
In some fine company


http://www.moneyobserver.com/portfolio/nifty-thrifty-portfolio

gadgetmind

My wife holds shares in six of those.

I'm ignoring the rest.

StevieJ

Interesting chart on H&L site, surprised how well Europe has performed.



http://www.hl.co.uk/news/articles/past-present-and-future

Masomnia

Looking now at CEY. Pretty tempting given they've got no debt. Down on violence in Egypt; reason to buy in my book.

But then I've got Emed as well, and I'm thinking one speculative mine may be plenty!

gadgetmind

StevieJ wrote: »

Interesting chart on H&L site, surprised how well Europe has performed.

I'm not.

I bought into a few European ITs in early 2012 as I liked the massive discounts and I thought the whole Euro flap was being over-stressed. Most of these were pure equity plays but I also bought some Euro-exposed REITs.

(JEO, HEFT, TRY and suchlike for those who are interested.)

NAVs soared, discounts narrowed, and my planned LTBH turned into a premature but highly-profitable exit, and most of it in my SIPP for once.

I am now far closer to neutral regards Europe and will drop back further once the remaining value is outed.

StevieJ

gadgetmind wrote: »

I'm not.

I bought into a few European ITs in early 2012 as I liked the massive discounts and I thought the whole Euro flap was being over-stressed. Most of these were pure equity plays but I also bought some Euro-exposed REITs.

(JEO, HEFT, TRY and suchlike for those who are interested.)

NAVs soared, discounts narrowed, and my planned LTBH turned into a premature but highly-profitable exit, and most of it in my SIPP for once.

I am now far closer to neutral regards Europe and will drop back further once the remaining value is outed.

I didn't mean just last year, I meant generally over the years, not great in 2010&11 but still not worst performer.

gadgetmind

StevieJ wrote: »

I didn't mean just last year, I meant generally over the years, not great in 2010&11 but still not worst performer.

Oh right, ISWYM.

Yes, lots of strong companies in Europe, many with good global exposure. Dividends are also pretty healthy, though not as tasty as back in 2012.

What I like about those charts it the wonderful inversions you tend to see at times like 2008/2009. When did worst in 2008 did best in 2009, and vice verse.

They are also an excellent exercise if you ever suffer a burst of hubris. Just complete the chart for 2013 and 2014 and check how you did in a couple of years!

SliAbhaile

Masomnia wrote: »

Looking now at CEY. Pretty tempting given they've got no debt. Down on violence in Egypt; reason to buy in my book.

"Down on violence" - really?

I have CEY which is currently standing at a loss for me, I'm actually thinking of crystallising that loss and getting out of CEY before the State of Egypt falls further apart which it is showing every sign of doing.

coastline

One to keep an eye on...WM Morrisons...sales down recently and not keeping up with its rivals..

http://www.telegraph.co.uk/finance/newsbysector/epic/mrw/

The shares are hanging on to 250p mark as brokers have downgraded future profits...but there an increasing dividend forecast ..giving a 5% yield at current prices.
On a forward P/E of 9...again not demanding for a recovery stock...maybe a nice little buy in a general market correction..?



https://www.share.com/cgi-bin/oicgi.exe/inet_raccount?function=dl2&epic=MRW

sabretoothtigger

Masomnia wrote: »

Looking now at CEY. Pretty tempting given they've got no debt. Down on violence in Egypt; reason to buy in my book.

But then I've got Emed as well, and I'm thinking one speculative mine may be plenty!

Sukari produced over 150,000 ounces at cash costs of US$527 per ounce and ... per ounce, demonstrating Centamin's potential to be a large scale, low cost

Cheapest producing mine in the world? Latest report showed 266k per annum

Centamin is not speculative, its making money every day. This situation that surrounds them is the uncertainty

They make 291m in profits and the market cap is 500 or so (600 today)
That would be about 2PE except the shares buy half the mine, so maybe that makes it 4pe but either way its cheap.
The mine is miles away from most of the demostrations, their legal case to void the mine license I think had no real standing and the most significant thing is the gov now appears to back them.
That was uncertain when exports were being stopped, etc but CEY is making them money and taxes everyday. Its well run business and Egypt wants to trade with the world, borrow from IMF and so on? Its comparable to the Iraqi chaos, truly sad all the deaths but massive potential.

Are they going to shoot themselves in the foot, well maybe Im sure its chaotic sometimes but anything less then a Iran type islamic isolation from the world should mean no loss.

Even if the mine is seized they would then owe a fair price, Chavez has to pay every time he takes over an 'evil profiteering' oil company, I imagine the same applies

HOIL has a similar thing, they are owed hundreds of millions by Uganda. Legally they should win their tax case but obviously its a bad situation, there the money is already held in London in escrow by STAN.
Uganda turned mean as HOIL made money and paid no tax. It was not a working asset. Hence a tax levied retrospectively but CEY is paying everyday, why try to stop that

State of Egypt falls further apart which it is showing every sign of doing.

Iraq has been falling apart every week on and off for years yet they still do business. Its a democratic country in both cases, I just hope that continues to improve





I would like to buy some more Lloyds as a continuation back to its previous range around 60p. It appears weak right now though, maybe a few more pennies down would be nice.
That'd then give me an excuse to sell Barc if it should continue to boom back up, rebalance/arbitrage the difference of investment vs traditional banks.


Im currently deciding between taking Henderson Tech and Investec gold funds. Gold is beaten up imo but tech I think can do well around the world

So buy strength or weakness, Im inclined to stock up on gold miners which have done far worse then raw gold which doubled.
The smart thing is probably to take up tech, IBM is owned by warren buffet and you know his views

EMED - http://www.youtube.com/watch?v=RTA4zM28rMY&feature=em-uploademail