UK Stockmarket 2009 and beyond

sabretoothtigger

The roundtrip on iii is £20 so long as the limit orders are used, the fee is deducted from costs but yep its stupid that it cant be edited

Ive heard level 2 can contain fake orders, people pretend to want to sell but really they are looking to snap up stock and avoid people front running them, a little micro sharkpool of activity no doubt
Definitely more worth to those who deal 100k at a time and care about 0.2 of a stock price

Northgate
Our view: Cautious hold
Share price: 28.75p (+1.5p)
In the past year, Northgate, the van hire group, has suffered the double whammy of struggling companies returning their fleets of vans and a sharp fall in the value of its vehicles.
After its banking covenants came under pressure, Northgate, which operates in Spain and the UK, had to refinance and launched a rights issue this summer which raised £108m and helped it pay down its net debt by £205m to £681m. Further good news is that it will not now have to refinance its debt until September 2012.
Yesterday, in its interim results from 1 May to 15 September, Northgate said vehicle utilisation rates had averaged 91 per cent, up from 88 per cent last year. Northgate trades on a relatively low 2010 price-earnings ratio of 7.2 times and analysts believe it is a bargain. But the risk of a double dip recession in Spain, which has been one of Europe's troubled economies, means we are cautious and would urge "hold".

uk_steve

thanks TB and Sabretoothtiger


after all that i stick to what i have ;-)


NTG
i do keep a daily an eye on it,even have alerts to my mobile now

im sure if i hear nothing bad over the water or in the Uk i will hold on to this stock for awhile









info from FT

Northgate looks to recovery

By Chris Tighe
Published: September 17 2009 04:10 | Last updated: September 17 2009 04:10

Northgate, the largest van rental company in the UK and Spain, reassured the City with news of improving utilisation rates and better residual values for used vehicles since the start of May. “It’s the first step on the road to recovery,” said Steve Smith, chief executive.
Last year was the worst in Northgate’s 28-year history as it plunged to a £195.6m ($322.5m) pre-tax loss, after exceptionals. It had to renegotiate lending facilities of £880m with its banks and raise £108m net in a placing and rights issue.


On Wednesday, in a trading statement covering the first four and a half months of the financial year starting on May 1, the company said it had reduced its UK fleet from 62,900 vehicles to 60,100 by August 31, boosting utilisation rates from an 88 per cent average last year to 91 per cent. Hire rates have continued to improve and better residual values resulted in Northgate achieving break-even on vehicle disposals.
In Spain, the fleet dropped from 60,400 to 57,100 vehicles and utilisation rose from 81.2 per cent to 89.4 per cent. Underlying hire rates, excluding the impact of vacational rentals, remain stable.
Cost cutting and the rights issue saw net debt fall from £886m at April 30 to £681m at August 31. About 80 per cent of net debt is at fixed rates for between two and three years. Northgate said that though still cautious, it viewed the outlook with confidence. Robert Morton, an analyst with Investec, said: “If we are in a long slow recovery for the economy, then Northgate should be OK.”
The shares closed up 5.5 per cent at 28¾p.

uk_steve

sold LLOY today made £2.93

im leaving this 1 alone now

just need to ditch RBS now

sabretoothtigger

Yea I thought about selling some lloyds but I already chopped a bit off at 109p
decided not to do anything as ive hedged it a bit anyway and I feel theres some gas left in the rise still maybe

They might do a rights issue maybe not sure but could be theres time to buy in later.
The whole deal with those two is long term imo, the real rises if its done properly will be over years maybe a decade to recover, should be dips within that.
Hestor seems alright to me and lloyds werent bad management in the first place

malik999

uk_steve wrote: »

sold LLOY today made £2.93

Don't spend it all at once.

uk_steve

^^^^^

he!he! i try not too ;-)

tradetime

uk_steve wrote: »

any of you folks use real live dealing accounts?#


level 2 or 3 is that the name for them?


i am sure this is really my best upgrade for me if its not too dear


speak soon

Hi Steve, I have Level 2, level 3 is only available to Market makers (in US trading anyway, not sure about UK) Level 2 is just a level of data, level 1 shows the inside, sometimes called best, bid and ask, If you have standard live streaming quotes you have level 1, you see a bid price and an ask.. Level 2 data shows all the resting orders, so not just the inside bid/ask price, but how many orders are there at all prices, which exchange networks they are coming from or which Market Makers
Level 3 has all of the above plus the ability to enter quotes to the bid or ask side, execute orders, and transmit other information.
Level 2 is no what it used to be, any good order platform now will allow you for example to place a big order say for 100,000 shares and only show 1000 to the market.
Level 2 looks like this

sabretoothtigger

Trend breaker today -




Peston is good to read on general sentiment away from market trends
http://www.bbc.co.uk/blogs/thereporters/robertpeston/




http://Yahoo.com shows some level 2 info on USA stocks and ETF I think

tradetime

Ive heard level 2 can contain fake orders, people pretend to want to sell but really they are looking to snap up stock and avoid people front running them, a little micro sharkpool of activity no doubt

It was, may still be a trick MM's used, to buy, you'd have Goldman say wants 500,000 CSCO, but doesn't want to pay over a certain price and it's above that now, so he'll come in low down on the ask with a big limit sell order, buyers will see this and will back off the buy side, and price stalls, sellers will also see this, everybody thinks GS has a big position to sell and the price will drop so they dive in ahead of him selling at a lower limit, meanwhile he's buying at market on the other side, once he's filled, he cancels the sell order, and appears with a limit on the buy side, everybody realizes the con, he's really a big buyer (of course, he's already filled, his order is only on the buyside to announce the fact and the stock takes off, how well that works nowadays I don't know, long time since I bothered daytrading individual stocks

StevieJ

Sabretooth do you have that chart that maps all the previous recessions
against each other? It would be useful here

http://forums.moneysavingexpert.com/showthread.html?t=1953139