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Traders Thread - Wednesday 1st December (TRAD)
Greystone
- 01 Dec 2004 06:14
Greystone
- 01 Dec 2004 06:15
- 2 of 19
Good morning traders!
Happy December! Where did the year go...... ;-)
Another down day on Wall Street again last night saw the main index close 47.88 points down at 104,28.02. The Nasdaq was off 10.06 at 2,096.81 and the S&P500 4.75 weaker at 1,173.82.
The main point of interest proved to be a batch of economic data that included the Q3 GDP revision, the Conference Board's Consumer Confidence report, and the Chicago Purchasing Manager's Index. Two of those reports - GDP and the Chicago PMI - were stronger than expected while the Consumer Confidence report was deemed disappointing.
The trend in Asia overnight has also been very negative.
Lots of ex-d activity today to be wary of...
Back in a mo with breaking news -unless Digger gets here first. :-)
G.
Happy December! Where did the year go...... ;-)
Another down day on Wall Street again last night saw the main index close 47.88 points down at 104,28.02. The Nasdaq was off 10.06 at 2,096.81 and the S&P500 4.75 weaker at 1,173.82.
The main point of interest proved to be a batch of economic data that included the Q3 GDP revision, the Conference Board's Consumer Confidence report, and the Chicago Purchasing Manager's Index. Two of those reports - GDP and the Chicago PMI - were stronger than expected while the Consumer Confidence report was deemed disappointing.
The trend in Asia overnight has also been very negative.
Lots of ex-d activity today to be wary of...
Back in a mo with breaking news -unless Digger gets here first. :-)
G.
Greystone
- 01 Dec 2004 06:47
- 3 of 19
MARKET EXPECTATIONS
* De Vere Group. Williams de Broe forecasts year to September pretax profit 43.9 mln stg vs 39.7 mln; total dividend 12.2 pence, up 4 pct
* Expro International Group. Williams de Broe forecasts six months to September net income 4.57 mln stg vs 4.28 mln; interim dividend 3.8 pence, unchanged
* Mitchells & Butlers year to September pretax profit 178-180 mln stg vs pro forma 199 mln
* Sage Group year to September pretax profit 181 mln stg vs 151 mln
* De Vere Group. Williams de Broe forecasts year to September pretax profit 43.9 mln stg vs 39.7 mln; total dividend 12.2 pence, up 4 pct
* Expro International Group. Williams de Broe forecasts six months to September net income 4.57 mln stg vs 4.28 mln; interim dividend 3.8 pence, unchanged
* Mitchells & Butlers year to September pretax profit 178-180 mln stg vs pro forma 199 mln
* Sage Group year to September pretax profit 181 mln stg vs 151 mln
Digger
- 01 Dec 2004 06:54
- 4 of 19
Sage Group PLC is expected to insist that it has suffered no fall in its US market share when the UK business software developer reports fiscal full-year results today.
Sage is one of the leading players in the North American enterprise software market, and some analysts have argued that Microsoft Corp's decision to include accounting functions in future versions of its Office software will hit the UK group's position.
UBS reckons that Sage will atteqt to refute suggestions that competition in the key US market is increasing. Nevertheless, the Swiss broker said Sage would need to explain a tepid performance in its North American division, which accounts for 40 pct of group revenues.
"We struggle to reconcile Sage's weak North American performance over the last two years and note the underperformance of Sage relative to its competitors," said UBS in a note to clients.
Sage released a very detailed full-year trading update at the end of October, in which it said revenues would show growth of 29 pct from a year ago to 688 mln stg and pretax profits would juq 20 pct to 181 mln stg.
Any comments the group makes on its outlook will therefore be of particular interest to investors.
"We expect a cautiously optimistic tone from management and expect the company to reiterate its comfort with current pretax profit expectations," said Goldman Sachs in a note to clients.
The market is currently looking for fiscal 2005 pretax profits of 207 mln stg on revenues of 760 mln, equating to an organic growth rate of around 5 pct.
Sage is also expected to spell its future acquisition strategy after the 9.7 mln usd takeover of Federal Liaison Services, a US payroll software specialist, in mid November.
"Further acquisitions in the payroll area would not surprise us given significant demand in the segment currently," said Goldman Sachs.
Sage is one of the leading players in the North American enterprise software market, and some analysts have argued that Microsoft Corp's decision to include accounting functions in future versions of its Office software will hit the UK group's position.
UBS reckons that Sage will atteqt to refute suggestions that competition in the key US market is increasing. Nevertheless, the Swiss broker said Sage would need to explain a tepid performance in its North American division, which accounts for 40 pct of group revenues.
"We struggle to reconcile Sage's weak North American performance over the last two years and note the underperformance of Sage relative to its competitors," said UBS in a note to clients.
Sage released a very detailed full-year trading update at the end of October, in which it said revenues would show growth of 29 pct from a year ago to 688 mln stg and pretax profits would juq 20 pct to 181 mln stg.
Any comments the group makes on its outlook will therefore be of particular interest to investors.
"We expect a cautiously optimistic tone from management and expect the company to reiterate its comfort with current pretax profit expectations," said Goldman Sachs in a note to clients.
The market is currently looking for fiscal 2005 pretax profits of 207 mln stg on revenues of 760 mln, equating to an organic growth rate of around 5 pct.
Sage is also expected to spell its future acquisition strategy after the 9.7 mln usd takeover of Federal Liaison Services, a US payroll software specialist, in mid November.
"Further acquisitions in the payroll area would not surprise us given significant demand in the segment currently," said Goldman Sachs.
Digger
- 01 Dec 2004 06:57
- 5 of 19
Leading shares are expected to open flat this morning, with focus again returning to the troubled housing market as mortgage lender Bradford & Bingley updates investors on current trading, dealers said.
According to spread-betting firm IG Index, the FTSE 100 index is seen around 8 points higher at 4,711 after closing 46.6 points lower at 4,703.2.
In New York last night, shares closed the session under pressure as investors took profits following a series of conflicting economic reports.
A dip in oil prices offered some comfort, but the weakness of the dollar raised fears the Federal Reserve may have to raise interest rates, prompting the DJIA to close down 47.88 points, at 10,428.02.
And the woe continued across Asia this morning, as the Nikkei 225 ended the day 115.00 points lower at 10,784.25, while the Hang Seng ended the morning down 54.52 points at 14,005.53.
Back in London, all eyes will be on Bradford & Bingley, as the lender updates investors on current trading, just 24 hours after peer Northern Rock bucked the current sector gloom by saying it expects to meet full year expectations.
In August Bradford & Bingley posted a 5 pct rise in interims and said it would continue to grow despite an expected slowdown in the housing market.
Meanwhile, Sage, the only FTSE 100 technology group listed, is expected to insist that it has suffered no fall in its US market share when it reports full-year results.
Sage released a very detailed full-year trading update at the end of October, in which it said revenues would show growth of 29 pct from a year ago to 688 mln stg and pretax profits would juq 20 pct to 181 mln stg.
Mitchells & Butlers, which runs about 2,000 managed pubs, also reports its preliminary results with investors keen to hear any comments on government plans to introduce a nationwide ban on smoking.
Analysts expect pretax profits of about 178-180 mln stg for the year to Sept 2004, compared to a pro forma figure of 199 mln stg last time.
Amid the smaller caps, hotel group De Vere is expected to post full pretax of 43.9 mln stg, up from 39.7 mln, for EPS of 26.7 pence against 20.2.
A 4 pct hike in the total payout to 12.2 pence is anticipated.
Finally, the market will be more interested in recovery prospects rather than the half-yearly numbers when oil explorer Expro International posts results. Williams de Broe is looking for an unchanged interim dividend of 3.8 pence, payable from EPS of 6.9 pence against 6.5 pence last time. On the economic front, US investors will have to wade through another raft of data with consumer spending for October taking centre stage. Analysts expect a figure of 0.4 pct against 0.6 pct previously.
The Energy Department will also update the market on oil stocks while after the close the key Federal beige book for October will garner attention.
In London, October Manufacturing PMI is seen at 52.5, down from 53 in September.
The market will also mull comments from the OECD that the Bank of England should raise interest rates four more times by the end of next year, lifting the cost of borrowing to 5.75 pct.
According to spread-betting firm IG Index, the FTSE 100 index is seen around 8 points higher at 4,711 after closing 46.6 points lower at 4,703.2.
In New York last night, shares closed the session under pressure as investors took profits following a series of conflicting economic reports.
A dip in oil prices offered some comfort, but the weakness of the dollar raised fears the Federal Reserve may have to raise interest rates, prompting the DJIA to close down 47.88 points, at 10,428.02.
And the woe continued across Asia this morning, as the Nikkei 225 ended the day 115.00 points lower at 10,784.25, while the Hang Seng ended the morning down 54.52 points at 14,005.53.
Back in London, all eyes will be on Bradford & Bingley, as the lender updates investors on current trading, just 24 hours after peer Northern Rock bucked the current sector gloom by saying it expects to meet full year expectations.
In August Bradford & Bingley posted a 5 pct rise in interims and said it would continue to grow despite an expected slowdown in the housing market.
Meanwhile, Sage, the only FTSE 100 technology group listed, is expected to insist that it has suffered no fall in its US market share when it reports full-year results.
Sage released a very detailed full-year trading update at the end of October, in which it said revenues would show growth of 29 pct from a year ago to 688 mln stg and pretax profits would juq 20 pct to 181 mln stg.
Mitchells & Butlers, which runs about 2,000 managed pubs, also reports its preliminary results with investors keen to hear any comments on government plans to introduce a nationwide ban on smoking.
Analysts expect pretax profits of about 178-180 mln stg for the year to Sept 2004, compared to a pro forma figure of 199 mln stg last time.
Amid the smaller caps, hotel group De Vere is expected to post full pretax of 43.9 mln stg, up from 39.7 mln, for EPS of 26.7 pence against 20.2.
A 4 pct hike in the total payout to 12.2 pence is anticipated.
Finally, the market will be more interested in recovery prospects rather than the half-yearly numbers when oil explorer Expro International posts results. Williams de Broe is looking for an unchanged interim dividend of 3.8 pence, payable from EPS of 6.9 pence against 6.5 pence last time. On the economic front, US investors will have to wade through another raft of data with consumer spending for October taking centre stage. Analysts expect a figure of 0.4 pct against 0.6 pct previously.
The Energy Department will also update the market on oil stocks while after the close the key Federal beige book for October will garner attention.
In London, October Manufacturing PMI is seen at 52.5, down from 53 in September.
The market will also mull comments from the OECD that the Bank of England should raise interest rates four more times by the end of next year, lifting the cost of borrowing to 5.75 pct.
Digger
- 01 Dec 2004 07:12
- 6 of 19
SAGE GROUP FY PRETAX PROFIT UP 20 PCT TO 181 MLN STG, SALES UP 29 PCT
Unilever NV shares were downgraded to 'sell' from 'hold' by ING due to the "current harsh European retail environment" with "no good news" expected at the next results update on Feb 10, the analysts said.
WS ATKINS H1 PREXT RISES TO 26.6 MLN STG FROM 17.8 MLN
WS ATKINS SAYS OVERALL TURNOVER GROWTH EXPECTED TO BE MODEST NEXT YEAR
WS ATKINS DOWNGRADED TO 'HOLD' FROM 'BUY' BY PANMURE GORDON - DEALERS
MITCHELLS & BUTLERS TO BUY BACK 100 MLN STG IN SHARES NEXT YEAR
Unilever NV shares were downgraded to 'sell' from 'hold' by ING due to the "current harsh European retail environment" with "no good news" expected at the next results update on Feb 10, the analysts said.
WS ATKINS H1 PREXT RISES TO 26.6 MLN STG FROM 17.8 MLN
WS ATKINS SAYS OVERALL TURNOVER GROWTH EXPECTED TO BE MODEST NEXT YEAR
WS ATKINS DOWNGRADED TO 'HOLD' FROM 'BUY' BY PANMURE GORDON - DEALERS
MITCHELLS & BUTLERS TO BUY BACK 100 MLN STG IN SHARES NEXT YEAR
Mega Bucks
- 01 Dec 2004 07:14
- 7 of 19
morning all,
not a good day yesterday,got hit by BUR lucky had a stop in place :-(
thats life,but today is another day aint it :-)still a b*****d when it happens!!!
Mega..
not a good day yesterday,got hit by BUR lucky had a stop in place :-(
thats life,but today is another day aint it :-)still a b*****d when it happens!!!
Mega..
Digger
- 01 Dec 2004 07:22
- 8 of 19
MARKETS
FTSE 100 4,703.2, down 46.6
FTSE 250 6,577.4, down 12.3
DJIA 10,428.00, down 47.90
Nasdaq Coq 2,096.81, down 10.06
S&P 500 1,173.80, down 4.75
Tokyo: Nikkei closed at 10,784.25, down 115.00
Hang Seng miday 14,005.53 down 54.52
Gold 448.97 usd (452.85 usd)
Oil - Brent Jan 45.58 usd (45.75 usd)
BREAKING NEWS
* 'Four rate increases needed'; OECD suggests Bank of England makes interest rate rises by the end of 2005; idea defies market thinking; Bank upbeat on economy - FT
* RANK GROUP, which has interests ranging from casinos to the Hard Rock cafe chain, signals it would consider delisting from the US as a result of the "burden" imposed by the Sarbanes-Oxley corporate governance legislation - FT
* Bondholders in MYTRAVEL will seek leave to appeal against last week's High Court ruling that they had no right to a say in the tour operator's 800 mln stg restructuring - FT
* Gazprom to bid for production unit of Yukos
* KrG has sent at least 25 confidentiality agreements to companies interested in buying the UK business of COURTS, the stricken furniture retailer, which collapsed this week with debts of 280 mln stg - FT
* Creditors express concern over the potential for renewed turmoil at EUROTUNNEL following the resignation of Pierre Cardo, a French board member and r who attacked the company's recovery plans and the board for not taking a hard enough line with creditor banks - FT
* THE BIG FOOD GROUP to recommend lower 326 mln stg offer from Baugur - FT
* MARLBOROUGH STIRLING up for sale - FT
* MARLBOROUGH STIRLING incurs wrath of institutional fund managers as its former chairman tried to sell his 7.5 mln stg stake just hours before the firm issued a profits warning - Times
* MARKS & SPENCER shares fall on speculation that it will hold a second 20 pct-off one-day sale tomorrow - the day of the Pre-Budget report - Telegraph
PRESS COMMENT
FT
THE LEX COLUMN comments on RENTOKIL INITIAL (quite possible that Rentokil's revenues splutter back to life but its profits keep shrinking; if that turns out to be the case a year from now, McGowan will have to revisit the idea of a break-up), HARMONY/GOLD FIELDS, BBVA, Yukos/Gazprom - ENTERPRISE INNS (at a discount to Mitchells & Butlers that may be inappropriate) - ARLA (share price could be dull for a while) - RICHMOND FOODS (p/e of 11.3 is justified but limits further outperformance)
Express
WHO'S DEALING: TOPS ESTATES (director declares maiden stake, picking up 5,000 shares at 336 pence) - SHARE WHISPER: ITNET (talk of a possible bidding war) - BROKER'S VIEW: COrUTACENTER (sell from hold - Shore Capital) - Tipster Trevor Webster invests in JESSOPS, SCOTTISH POWER (a firm hold), CLINTON CARDS (still look cheap), FIRST GROUP (take profits), TAYLOR WOODROW (take a loss)
Independent
THE INVESTMENT COLUMN: ENTERPRISE INNS (hold), TOPPS TILES (buy), PATIENTLINE (remain attractive)
Guardian
IFX (talk that Durlacher had received an order to buy 14.9 pct of the company from property tycoon Vincent Tchenguiz)
Telegraph
QUESTOR: COrASS (avoid), NORTHERN ROCK (take profits), HOMESERVE (buy)
Times
DIRECTORS' DEALINGS: DETICA (chief executive sells stock for 700,000 stg) - TErUS: COrASS (sell), KINGSTON COMMUNICATIONS (buy), WARNER ESTATE HOLDINGS (hold)
Mail
WH IRELAND (dealers believe its days of independence are numbered and await more details of yesterday's 'nosey' transactions)
FTSE 100 4,703.2, down 46.6
FTSE 250 6,577.4, down 12.3
DJIA 10,428.00, down 47.90
Nasdaq Coq 2,096.81, down 10.06
S&P 500 1,173.80, down 4.75
Tokyo: Nikkei closed at 10,784.25, down 115.00
Hang Seng miday 14,005.53 down 54.52
Gold 448.97 usd (452.85 usd)
Oil - Brent Jan 45.58 usd (45.75 usd)
BREAKING NEWS
* 'Four rate increases needed'; OECD suggests Bank of England makes interest rate rises by the end of 2005; idea defies market thinking; Bank upbeat on economy - FT
* RANK GROUP, which has interests ranging from casinos to the Hard Rock cafe chain, signals it would consider delisting from the US as a result of the "burden" imposed by the Sarbanes-Oxley corporate governance legislation - FT
* Bondholders in MYTRAVEL will seek leave to appeal against last week's High Court ruling that they had no right to a say in the tour operator's 800 mln stg restructuring - FT
* Gazprom to bid for production unit of Yukos
* KrG has sent at least 25 confidentiality agreements to companies interested in buying the UK business of COURTS, the stricken furniture retailer, which collapsed this week with debts of 280 mln stg - FT
* Creditors express concern over the potential for renewed turmoil at EUROTUNNEL following the resignation of Pierre Cardo, a French board member and r who attacked the company's recovery plans and the board for not taking a hard enough line with creditor banks - FT
* THE BIG FOOD GROUP to recommend lower 326 mln stg offer from Baugur - FT
* MARLBOROUGH STIRLING up for sale - FT
* MARLBOROUGH STIRLING incurs wrath of institutional fund managers as its former chairman tried to sell his 7.5 mln stg stake just hours before the firm issued a profits warning - Times
* MARKS & SPENCER shares fall on speculation that it will hold a second 20 pct-off one-day sale tomorrow - the day of the Pre-Budget report - Telegraph
PRESS COMMENT
FT
THE LEX COLUMN comments on RENTOKIL INITIAL (quite possible that Rentokil's revenues splutter back to life but its profits keep shrinking; if that turns out to be the case a year from now, McGowan will have to revisit the idea of a break-up), HARMONY/GOLD FIELDS, BBVA, Yukos/Gazprom - ENTERPRISE INNS (at a discount to Mitchells & Butlers that may be inappropriate) - ARLA (share price could be dull for a while) - RICHMOND FOODS (p/e of 11.3 is justified but limits further outperformance)
Express
WHO'S DEALING: TOPS ESTATES (director declares maiden stake, picking up 5,000 shares at 336 pence) - SHARE WHISPER: ITNET (talk of a possible bidding war) - BROKER'S VIEW: COrUTACENTER (sell from hold - Shore Capital) - Tipster Trevor Webster invests in JESSOPS, SCOTTISH POWER (a firm hold), CLINTON CARDS (still look cheap), FIRST GROUP (take profits), TAYLOR WOODROW (take a loss)
Independent
THE INVESTMENT COLUMN: ENTERPRISE INNS (hold), TOPPS TILES (buy), PATIENTLINE (remain attractive)
Guardian
IFX (talk that Durlacher had received an order to buy 14.9 pct of the company from property tycoon Vincent Tchenguiz)
Telegraph
QUESTOR: COrASS (avoid), NORTHERN ROCK (take profits), HOMESERVE (buy)
Times
DIRECTORS' DEALINGS: DETICA (chief executive sells stock for 700,000 stg) - TErUS: COrASS (sell), KINGSTON COMMUNICATIONS (buy), WARNER ESTATE HOLDINGS (hold)
WH IRELAND (dealers believe its days of independence are numbered and await more details of yesterday's 'nosey' transactions)
Digger
- 01 Dec 2004 07:37
- 9 of 19
Shares in Mitchells & Butlers PLC were reiterated a 'buy' at Merrill Lynch with a raised price objective of 330 pence after the bars group posted top of the range full year result
Big Al
- 01 Dec 2004 07:51
- 10 of 19
Morning punters!
BOY - trading statement got no big bug bears.
http://www.uk-wire.com/cgi-bin/articles/20041201070000P552F.html
CFM - joint venture in Congo and ramping their holdings in others! ;-)
http://www.uk-wire.com/cgi-bin/articles/200412010700058354F.html
PDL - tie up with BLT
http://www.uk-wire.com/cgi-bin/articles/200412010700078420F.html
ASD - been doing nicely recently. Was my fave boi 5 years ago!
http://www.uk-wire.com/cgi-bin/articles/200412010700088430F.html
ILX - acquisition, share issue with lock-in
http://www.uk-wire.com/cgi-bin/articles/200412010700098437F.html
IVL - AGM statement
http://www.uk-wire.com/cgi-bin/articles/200412010700118458F.html
CBM - nice profit from their investment - 4-bagger in 15 months
http://www.uk-wire.com/cgi-bin/articles/200412010700118463F.html
SAR/ERX - cancer collaboration
http://www.uk-wire.com/cgi-bin/articles/200412010700148485F.html
SVS - buying Japanese property. Well, our market's fooked! ;-))
http://www.uk-wire.com/cgi-bin/articles/200412010700178493F.html
BBY - preferred bidder for Yorks NHS
http://www.uk-wire.com/cgi-bin/articles/200412010700188501F.html
FNET - buys What Laptop magazine!! Big deal. ;-)
http://www.uk-wire.com/cgi-bin/articles/200412010700258517F.html
VTI - "clarification of Chairman's address". Strange
http://www.uk-wire.com/cgi-bin/articles/200412010700338538F.html
CMG - pretty bullish FY
http://www.uk-wire.com/cgi-bin/articles/20041201070000P2782.html
TCN - small maiden profit
http://www.uk-wire.com/cgi-bin/articles/200412010700038295F.html
OSH - in need of a trend reversal. Not sure this will do it
http://www.uk-wire.com/cgi-bin/articles/200412010700138477F.html
EXR - Seems well in line with expectations
http://www.uk-wire.com/cgi-bin/articles/200412010700158489F.html
SHB - pretty much in line, NAV above all-time share price high
http://www.uk-wire.com/cgi-bin/articles/200412010700178496F.html
BRW - a bit of a comeback this year. Big divi hike back to previous level
http://www.uk-wire.com/cgi-bin/articles/200412010700198508F.html
WAGN - interims look OK
http://www.uk-wire.com/cgi-bin/articles/200412010700218513F.html
DVR - +/- in line
http://www.uk-wire.com/cgi-bin/articles/200412010700268521F.html
Probably missed a couple of things there, but Weds always busy. Will leave you with this final one and we'll see what happens here, shall we? ;-))
SEO - cat, pigeons, amongst, BPRG
http://www.uk-wire.com/cgi-bin/articles/200412010727078548F.html
Have a simply spiffing day!
BOY - trading statement got no big bug bears.
http://www.uk-wire.com/cgi-bin/articles/20041201070000P552F.html
CFM - joint venture in Congo and ramping their holdings in others! ;-)
http://www.uk-wire.com/cgi-bin/articles/200412010700058354F.html
PDL - tie up with BLT
http://www.uk-wire.com/cgi-bin/articles/200412010700078420F.html
ASD - been doing nicely recently. Was my fave boi 5 years ago!
http://www.uk-wire.com/cgi-bin/articles/200412010700088430F.html
ILX - acquisition, share issue with lock-in
http://www.uk-wire.com/cgi-bin/articles/200412010700098437F.html
IVL - AGM statement
http://www.uk-wire.com/cgi-bin/articles/200412010700118458F.html
CBM - nice profit from their investment - 4-bagger in 15 months
http://www.uk-wire.com/cgi-bin/articles/200412010700118463F.html
SAR/ERX - cancer collaboration
http://www.uk-wire.com/cgi-bin/articles/200412010700148485F.html
SVS - buying Japanese property. Well, our market's fooked! ;-))
http://www.uk-wire.com/cgi-bin/articles/200412010700178493F.html
BBY - preferred bidder for Yorks NHS
http://www.uk-wire.com/cgi-bin/articles/200412010700188501F.html
FNET - buys What Laptop magazine!! Big deal. ;-)
http://www.uk-wire.com/cgi-bin/articles/200412010700258517F.html
VTI - "clarification of Chairman's address". Strange
http://www.uk-wire.com/cgi-bin/articles/200412010700338538F.html
CMG - pretty bullish FY
http://www.uk-wire.com/cgi-bin/articles/20041201070000P2782.html
TCN - small maiden profit
http://www.uk-wire.com/cgi-bin/articles/200412010700038295F.html
OSH - in need of a trend reversal. Not sure this will do it
http://www.uk-wire.com/cgi-bin/articles/200412010700138477F.html
EXR - Seems well in line with expectations
http://www.uk-wire.com/cgi-bin/articles/200412010700158489F.html
SHB - pretty much in line, NAV above all-time share price high
http://www.uk-wire.com/cgi-bin/articles/200412010700178496F.html
BRW - a bit of a comeback this year. Big divi hike back to previous level
http://www.uk-wire.com/cgi-bin/articles/200412010700198508F.html
WAGN - interims look OK
http://www.uk-wire.com/cgi-bin/articles/200412010700218513F.html
DVR - +/- in line
http://www.uk-wire.com/cgi-bin/articles/200412010700268521F.html
Probably missed a couple of things there, but Weds always busy. Will leave you with this final one and we'll see what happens here, shall we? ;-))
SEO - cat, pigeons, amongst, BPRG
http://www.uk-wire.com/cgi-bin/articles/200412010727078548F.html
Have a simply spiffing day!
Druid2
- 01 Dec 2004 07:56
- 11 of 19
Good morning all.
Digger
- 01 Dec 2004 08:20
- 12 of 19
SABMILLER DOWNGRADED TO 'HOLD' FROM 'BUY' BY CITIGROUP SMITH BARNEY
daves dazzlers
- 01 Dec 2004 08:21
- 13 of 19
Morning all.
Big Al
- 01 Dec 2004 08:35
- 14 of 19
Long SPS 54 earlier
Mega Bucks
- 01 Dec 2004 09:10
- 15 of 19
long SOF 153 s/l on
long RGU 87.50 s/l on
long RGU 87.50 s/l on
Digger
- 01 Dec 2004 10:30
- 16 of 19
London shares - midmorning features
FTSE 100 risers
Sage Group 194-1/2 up 1-1/2
FY profits up 20 pct; CAI Cheuvreux/Cazenove'outperform'
Enterprise Inns 691-1/2 up 8-1/2
Arbuthnot/UBS/Deutsche Bank/Morgan Stanley positive
GlaxoSmithKline 1,119 up 18
Recent upbeat Pfizer statement; CSFB favourite
Vodafone 143-1/2 up 1-1/2
Buys back 41 mln shares; CSFB positive
Man Group 1,491 up 1
'Outperform' - Cazenove; Morgan Stanley ups target to 1,545 pence from 1,480
Hilton Group 260-1/4 up 2
Seymour Pierce 'buy'
Daily Mail & General 726-1/2 up 6
Citigroup reiterates 'buy'; Panmure 'buy' with 825 pence target
FTSE 100 fallers
Associated British Foods 735-1/2 xd down 12-1/2
Sanford Bernstein initiates coverage with 'underperform'
SAB Miller 878 down 2-1/2
'Hold' from 'buy' - Citigroup; buys remaining ABI shares
Old Mutual 130-3/4 down 1/2
'Reduce' from 'neutral' - UBS
Wolseley 895-1/2 down 5-1/2
'Sell' from 'hold' with target cut to 800 pence from 880 - Deutsche Bank
FTSE 250 risers
Shaftesbury 330-3/4 up 26-3/4
FY results; NAV up 20 pct; Merrill 'buy' with NAV ests upped; Cazenove 'buy'
Mitchells & Butlers 311 up 9
FY results beat forecasts; Cazenove 'outperform'; Investec 'strong buy'
Virgin Mobile 218 up 5
'Equal-weight' - Morgan Stanley
Geest 596 up 11
Bakkavor now free to bid
Arla Foods 55 up 1
Results yesterday
De Vere Group 445 up 6-1/4
FY profits up 14.7 pct; CSFB ups target to 480p; Cazenove 'outperform'
Millennium & Copthorne 365 up 4
2 mln stg payment withheld on Birkenhead sale
Bradford & Bingley 278 up 3
Rules out housing market crash; upbeat statement
Punch Taverns 603-3/4 up 1-1/2
CAI Cheuvreux prefers to Mitchells & Butlers
Rank Group 304-3/4 up 1-1/4
Seymour Pierce 'buy'
FTSE 250 fallers
Premier Farnell 197 down 7-1/2
Q3 results due Dec 9; 'underperform' with 165 pence target - CSFB
Bodycote 155 xd down 4
Trading update; 'hold' from 'add' - Deutsche Bank; Altium 'sell'
HIT Entertainment 255 down 5
'Neutral' from 'buy' with 275 pence target - UBS
WS Atkins 695 down 10
Panmure Gordon downgrades to 'hold' from 'buy' after H1 results
Stanley Leisure 446-1/2 down 1/2
Seymour Pierce reiterates 'sell'
Other risers
Croma Group 6.00 up 0.50
Narrowing full-year losses; upbeat outlook statement
WH Ireland 108 up 9
Speculative support following recent market activity
Mano UK 13.50 up 1.00
Diamond production joint venture
Ist Dental Laboratories 32 up 2
Benchmark acquisition completed; Corporate Synergy trebles earnings f'casts
Burtonwood 500 up 28-1/2
Awaiting bid developments
Central African Mining & Exploration 7.12 up 0.25
Congo joint venture
ASOS 73-1/2 up 3-1/4
Rally after recent post-interim profit-taking
Sareum Holdings 2.62 up 0.12
Collaboration with EiRx Therapeutics
Inion 161
New issue offered at 130 pence
Glen Group 4.75
New issues placed at 3 pence
Gippsland 4.00 up 0.50
RAB fund buys 20 mln shares
Other fallers
Advance Visual Communications 0.05 down 0.12
Liquidation threat following continuing losses
Marlborough Stirling 30 down 11-1/2
Revenue alert; Panmure 'sell' with target cut to 25p; Bridgewell cautious
Tricorn 9.75 down 0.75
Widening H1 losses
Chapelthorpe 19-1/4 down 1
Swing to interim losses
Hardman Resources 66 down 5
Tiof-3 ST2 appraisal well to be suspended
FTSE 100 risers
Sage Group 194-1/2 up 1-1/2
FY profits up 20 pct; CAI Cheuvreux/Cazenove'outperform'
Enterprise Inns 691-1/2 up 8-1/2
Arbuthnot/UBS/Deutsche Bank/Morgan Stanley positive
GlaxoSmithKline 1,119 up 18
Recent upbeat Pfizer statement; CSFB favourite
Vodafone 143-1/2 up 1-1/2
Buys back 41 mln shares; CSFB positive
Man Group 1,491 up 1
'Outperform' - Cazenove; Morgan Stanley ups target to 1,545 pence from 1,480
Hilton Group 260-1/4 up 2
Seymour Pierce 'buy'
Daily Mail & General 726-1/2 up 6
Citigroup reiterates 'buy'; Panmure 'buy' with 825 pence target
FTSE 100 fallers
Associated British Foods 735-1/2 xd down 12-1/2
Sanford Bernstein initiates coverage with 'underperform'
SAB Miller 878 down 2-1/2
'Hold' from 'buy' - Citigroup; buys remaining ABI shares
Old Mutual 130-3/4 down 1/2
'Reduce' from 'neutral' - UBS
Wolseley 895-1/2 down 5-1/2
'Sell' from 'hold' with target cut to 800 pence from 880 - Deutsche Bank
FTSE 250 risers
Shaftesbury 330-3/4 up 26-3/4
FY results; NAV up 20 pct; Merrill 'buy' with NAV ests upped; Cazenove 'buy'
Mitchells & Butlers 311 up 9
FY results beat forecasts; Cazenove 'outperform'; Investec 'strong buy'
Virgin Mobile 218 up 5
'Equal-weight' - Morgan Stanley
Geest 596 up 11
Bakkavor now free to bid
Arla Foods 55 up 1
Results yesterday
De Vere Group 445 up 6-1/4
FY profits up 14.7 pct; CSFB ups target to 480p; Cazenove 'outperform'
Millennium & Copthorne 365 up 4
2 mln stg payment withheld on Birkenhead sale
Bradford & Bingley 278 up 3
Rules out housing market crash; upbeat statement
Punch Taverns 603-3/4 up 1-1/2
CAI Cheuvreux prefers to Mitchells & Butlers
Rank Group 304-3/4 up 1-1/4
Seymour Pierce 'buy'
FTSE 250 fallers
Premier Farnell 197 down 7-1/2
Q3 results due Dec 9; 'underperform' with 165 pence target - CSFB
Bodycote 155 xd down 4
Trading update; 'hold' from 'add' - Deutsche Bank; Altium 'sell'
HIT Entertainment 255 down 5
'Neutral' from 'buy' with 275 pence target - UBS
WS Atkins 695 down 10
Panmure Gordon downgrades to 'hold' from 'buy' after H1 results
Stanley Leisure 446-1/2 down 1/2
Seymour Pierce reiterates 'sell'
Other risers
Croma Group 6.00 up 0.50
Narrowing full-year losses; upbeat outlook statement
WH Ireland 108 up 9
Speculative support following recent market activity
Mano UK 13.50 up 1.00
Diamond production joint venture
Ist Dental Laboratories 32 up 2
Benchmark acquisition completed; Corporate Synergy trebles earnings f'casts
Burtonwood 500 up 28-1/2
Awaiting bid developments
Central African Mining & Exploration 7.12 up 0.25
Congo joint venture
ASOS 73-1/2 up 3-1/4
Rally after recent post-interim profit-taking
Sareum Holdings 2.62 up 0.12
Collaboration with EiRx Therapeutics
Inion 161
New issue offered at 130 pence
Glen Group 4.75
New issues placed at 3 pence
Gippsland 4.00 up 0.50
RAB fund buys 20 mln shares
Other fallers
Advance Visual Communications 0.05 down 0.12
Liquidation threat following continuing losses
Marlborough Stirling 30 down 11-1/2
Revenue alert; Panmure 'sell' with target cut to 25p; Bridgewell cautious
Tricorn 9.75 down 0.75
Widening H1 losses
Chapelthorpe 19-1/4 down 1
Swing to interim losses
Hardman Resources 66 down 5
Tiof-3 ST2 appraisal well to be suspended
Mega Bucks
- 01 Dec 2004 12:03
- 17 of 19
long more SOF 153.50 s/l on
Juzzle
- 01 Dec 2004 12:50
- 18 of 19
Paypoint (PAY) added within PEP ahead of results next week.
little woman
- 01 Dec 2004 13:44
- 19 of 19
Afternoon all,
First chance I've had to drop in long enough to post.
Good to see things are generally lot more positive.
First chance I've had to drop in long enough to post.
Good to see things are generally lot more positive.
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