Crocodile
- 17 Nov 2003 22:47
Premarket Futures |
FTSE +25 |
DAX +25 |
DOW +16 |
S&P +1.6 |
Nasdaq +3.5 |
News: |
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U.S. stocks closed off their lows Monday but still in
negative territory for the sixth out of seven sessions, as investors
continued to take profits and in response to international terrorist attacks
over the weekend.
Vodafone reported a 19 percent increase in first-half
underlying earnings and announced a 2.5 billion pounds share buyback
programme.
Earnings rose 19 percent to 6.62 billion pounds, compared with 10 analyst
forecasts ranging from 6.15 billion to 6.78 billion. The interim dividend
rose 20 percent to 0.9535 pence.Burberry posted higher than expected first-half earnings growth and
appointed Stacey Cartwright as new chief financial officer to replace Mike
Metcalf. The company notched up a 21 percent rise in earnings to 66.9
million pounds, up from 55.1 million last year.EasyJet reported a worse-than-expected
28 percent fall in annual pre-tax profit but said it was cautiously
optimistic about its performance this fiscal year. They said its fall in
pre-tax profit to 52 million pounds for the year to September 30 reflected
the Iraq conflict in the first half, the costs of integrating the
acquisition of rival budget carrier Go and other one-off items.
Dixons said it had seen
no pick up in the pace of sales growth though profit margins were still
slightly ahead year-on-year. Some analysts had expected sales growth to have
picked up since the September trading update.
GWR radio said its first-half profit climbed on strong
local advertising, with the improving trends expected to continue in
November.
The company, which owns Classic FM, said pre-tax profit for the six months
to September 30 was 6.4 million pounds from 2.2 million pounds in the
year-earlier period. "Group radio advertising revenues were up by 16 percent
year on year in October and at this stage we expect that these revenues will
be up by 9 percent year on year in November," the company said in a
statement.
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Calendar:
United Kingdom |
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United States
(GMT) |
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Europe & World (GMT |
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600 Group (I), Burberry (I), CML Microsystems (I)
Detica Group (I), Glotel (I), GWR Group (I)
Imagination Technologies (I), Intelek (ITK.L)
James Cropper (I), TBI (I)
Victoria (I), Vodofone Group (I), Whitehead Mann Group (I)
Easyjet (F), Enodis (F), Viridian Group (F)
Wigmore Property Investment Trust (F)
Alea Group - IPO trading date.
Profile Therapeutics (Update), HICP for October
RICS Survey for October,
Retail Price Index for October
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Home Depot Inc.
1:30 Core CPI Oct - 0.1%
1:30 CPI Oct - 0.2% |
Air France (Q2) after its merger with KLM
Finnair (I)
Wednesday
Credit Agricole and Swiss insurance firm Zurich report quarterly numbers
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Druid2
- 18 Nov 2003 10:05
- 15 of 34
EZJ looking a bit sick this morning after results but the future looks promising. Added to my longs at various prices down to 272.5 so now hoping they will gradually increase to the target price of 500 - may take a few years !!!
Melnibone
- 18 Nov 2003 10:09
- 16 of 34
I posted this chart last week which shows how MKS is a bit of
an oddball when it comes to FTSE stocks.
As you can see in this update, the divergence is still progressing.
If you are thinking of buying in, it is worth looking at this 5 year
chart rather than the usual yearly one.
In march FTSE was at 3300 and MKS was at it's year lows.
FTSE is now above 4300 and MKS is approaching its years lows
again.
If they break, you are looking at sub 250p. Be careful buying
because they look relatively cheap.
Melnibone
Melnibone
- 18 Nov 2003 10:33
- 18 of 34
Hi Druid2, sorry to hear about your EZJ's.
You asked for an opinion last week and I gave mine.
Doesn't mean that I was right but if this is a long term investment
then why not wait to see how deep the valley is going to be before topping up?
You can always buy again when it goes back up the other side.
If it goes up from here then you've already got some.
As you can see above, there is good support at 250p.
You never know, you might get lucky and buy there instead of
higher levels as you follow it down.
Melnibone
Melnibone
- 18 Nov 2003 10:49
- 19 of 34
Ref MKS, the shares came back from 2000 due to the recovery story.
Feeling now is that this has ran out of steam.
Knitware is a problem as seen in recent articles.
Results in clothing were due to squeezing suppliers
margins and profits, not sales growth.
Food sales will always be fighting Tesco et al.
Furniture sales? I don't believe the hype.
This is not a bad company, but the market wants growth
or it will rate it as a yield type utility.
Just my own opinion, so doesn't mean that it is right.
The market will show us its view via the chart.
Melnibone
Melnibone
- 18 Nov 2003 11:04
- 20 of 34
Bears are really getting stuck into LLOY today.
Wonder how far they'll take it down?
Time for a coffee and finish re-laying my living
room carpet.
See you all when the US opens.
Melnibone
ajren
- 18 Nov 2003 11:50
- 21 of 34
Nov 18-Vodafone
Interim results -7 a.m.
Parts 1,2,3,4,5,6.
Nov 17 - Director Shareholding
Melnibone
- 18 Nov 2003 15:44
- 23 of 34
Well, MKS has now hit the 270p support.
It spiked below this for a couple of days last March,
but to all intents and purposes this is the March lows.
Now to see if it holds.
Melnibone
Melnibone
- 18 Nov 2003 15:46
- 24 of 34
AVZ testing 400p support again, trouble is Spitzer
is still on the warpath.
Melnibone
Melnibone
- 18 Nov 2003 15:48
- 25 of 34
Dow and S@P have filled the gap open, now we'll find
out where the US really wants to go today.
Melnibone
zarif
- 18 Nov 2003 16:00
- 26 of 34
just to say hello to you melnibone as havenot spoken to u 4 a while. I have this gut feeling that it might slip lower and test the 9625 area. Anyway i hope it does as my shorts will sing if not dance.
meanwhile letting the market guide my moves.
rgds
zarif
Melnibone
- 18 Nov 2003 16:19
- 27 of 34
Hi Zarif,
You should always let the market guide you.
The market is never wrong, it just is the market.
For the DOW and the FTSE to advance, the S@P
needs to get above 1050 again.
Until then, I'll just do the same as you and mainly
keep scalping intraday.
Holding the one tempory long, BT.A, but if that doesn't
move back into the trading range soon I'll take the profit on
it and forget it.
Melnibone
ajren
- 18 Nov 2003 17:30
- 28 of 34
Ref :-mks
See tread i.e.Nov 17 they bought 1,000,000 of their own shares @ 280.6916
Melnibone
- 18 Nov 2003 20:20
- 29 of 34
Just had a look at the US markets after getting my data
for tomorrow's FTSE trades.
As I posted this morning, it looks like the US markets are
dropping after the FTSE close.
Unless we get a late Bear squeeze it looks like a gap open
lower for the FTSE in the morning, with a sea of red on the screens.
See you all tomorrow.
Melnibone.
ajren
- 24 Nov 2003 13:27
- 30 of 34
Appears - to me - to be good news
Proximus to offer Vodafone Services
Crocodile
- 24 Nov 2003 13:29
- 31 of 34
Thanks JonP
Keep posting :-)
D,
zarif
- 24 Nov 2003 13:43
- 33 of 34
Juzzle:
Just a polite note to let u know that u are posting on the 18th nov thread -please use todays thread 24thNov
rgds
zarif
ajren
- 24 Nov 2003 13:48
- 34 of 34
I apologise rgds aj