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Traders Thread & Thoughts - Monday 23rd February (SBRY)
Crocodile - 22 Feb 2004 13:01
| UK PreMarket Futures | FTSE +7 | DAX +9 | DOW +12 | S&P +2.1 | Nasdaq +4.5n |
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mmO2, shares will be very active KPN, the top telecoms carrier of the Netherlands, says it will not rule out a hostile bid for the mobile phone group after their latest round of takeover talks fell through. The company is valued at 8 billion and KPN's offer was 10 billion Ultra Electronics defence and aerospace electronics firm reported a 15 percent rise in annual profits to 34.4 million that were at the top end of forecasts and announced some top level board changes. Bunzl reported annual profits of 212.3 million pounds up from 20 million . They were in line with forecasts and said it expected volume growth to continue. Associated British Foods said "Trading remains broadly in line with our expectations at the beginning of the financial year," Scottish & Newcastle reported a one percent rise in annual profits and said that trade so far in 2004 was in line with recent trends with consumer confidence remaining weak. They profits before tax of 471 million pounds slightly higher than analysts average forecasts of 465 million pounds. Symbian, mobile phones software developer reported a 124 percent jump in shipments but said the longer term prospects are positive but remain subject to considerable uncertainty Jardine Lloyd Thompson the UK's biggest insurance broker posted 2003 profits of 113.7 million pounds at the top end of forecasts but expected results for the next two years to be impacted if the U.S. dollar remained weak. Egg internet bank said its annual loss doubled as its French business continued to drain money. Losses rose to 34.4 million from 16.6 million in 2002 higher than analysts forecast of about 30 million pounds..Operating profit at the UK business more than doubled to 72.8 million pounds from 34.8 million. There was no news on the possible take over of the company Old Mutual South Africa's largest insurer said annual profit fell 10 percent to 650 million pounds slightly down on forecasts dragged under by losses at its Nedcor banking unit. Sales were 529 million pounds compared to 557 million pounds in the previous year Ricardo British auto industry consultant said its UK business had fallen into a loss in the first half due to unusually severe trading conditions, but improved orders in the past two months were encouraging. |
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Anglo and Overseas Trust (F), Bunzl (F), Datamonitor (F), Egg (F), Hemscott (F), Jardine Lloyd (F), National Express (F), Old Mutual (F) Pharmagene (F), Provalis (F), Scottish and Newcastle (F), SDL International (F), Stadium Group (F), Ultra Electronics (F), Wembley (F), Provalis (I), Reed Health (I), Ricardo Group (I), Electra Kingsway (AGM), Phytopharm (AGM), Raft International (AGM), Treatt (AGM) |
Campbell Soup (Q2) Concord (Q4) Lowe's Companies (Q4) Navistar International Corp (Q1) Novell (Q1) |
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Crocodile - 22 Feb 2004 13:02 - 3 of 30
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Sunday Newspapers
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SUNDAY TIMES BG flares as world demand for gas rises BAE lead on carrier contract in doubt Valentia boosts Eircom board ahead of float Fives top man will bolster team at Sky Independent News OReilly tops rugby box set Sainsbury closes in on TM Group Sainsbury Shelved by the shareholders Americans gave Vodafone 2am financial warning RBS Boom time for banks as record profits roll in Union to fight S&N brewery closure HSBC Top tips to help you beat the big four banks and make more of your money |
Agenda: William Lewis: Vodafones general retreats to fight another day Sharewatch: BAE Systems RBS Top tips to help you beat the big four banks and make more of your money Judgment Day: Should you buy shares in MFI Furniture Group? Sharewatch Axis-Shield The problem with Verizon... Barclays Top tips to help you beat the big four banks and make more of your money BAA Special report: Soaring cost of touching down Sharewatch: MMO2 Directors' Deals: Carphone chief cuts back his stake |
| Analysts expect BAE Systems to report pre-tax profits of 740m this week. At a prospective price earnings ratio of 11, BAE is cheap compared with its historic valuation and, and on about half the multiple of its best American rivals. But it still has problems. Wait until it is known who will replace Sir Dick Evans as chairman. | |
| SUNDAY TELEGRAPH Morgan Stanley weighs Canary Wharf options New Look Group Sunnucks turns down M&S role BAE to mend fences with the City Late data forced Vodafone rethink RBS rewarded Goodwin with 3.5m in 2003 |
Vodafone City comment: Don't freak them out Royal Bank of Scotland Jeff Randall: Dirty words Vodafone 'Our credibility hasn't been dented' Royal Bank of Scotland The bionic bank |
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Vodafone have bounced back after it lost out in its bid for AT&T Wireless. While the failed bid has raised some major strategic issues and rattled a few shareholders, given the group's strong cashflow the shares still look cheap, especially compared with those of rivals. Buy. Invensys's 1.8bn disposals programme has been replaced by a 2.7bn refinancing package. The shares have almost halved over the past year, and Invensys still faces a tough few months convincing investors to buy into its new strategy. Keep selling. |
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OBSERVER WPP's Sorrell calls end to ad recession Amec UK firms 'well-placed' to win Iraq contracts Sainsbury Pressure on Davis to check out Mowlem (J) UK firms 'well-placed' to win Iraq contracts Bad debts to take shine off HBOS record 4bn profit |
Royal Bank of Scotland Fred - in tooth and claw Sainsbury Things go from bad to worse for desperate Davis Vodafone Missed call to America Sainsbury When headhunters fail to get their man Royal Bank of Scotland Publicity-shy RBS a disaster in the making |
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MAIL ON SUNDAY Burberry eyes up Laura Ashley Investors pile pressure on Vodafone Royal Bank of Scotland poised for US deal |
BAE Navy project threatened Old Mutual faces 200m bill |
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INDEPENDENT KPN may go hostile in 10bn strike at mmO2 Trinity Mirror seeks help from McKinsey Legal & General The Week Ahead: Kids replaced by banks and brewers Why Glazer shouldn't put his shirt on Manchester United |
EM The Week Ahead: Kids replaced by banks and brewers Business View: German banks are going to be bratwurst, but RBS doesn't have the stomach William Hill BAE Systems Wanted: top gun to take on the toughest job in British industry |
| Investment bank UBS believes there is significant growth in bookmaker William Hill (470p). Much of this growth will come through fixed odds betting terminals, which UBS thinks will help boost the take for William Hill's machine estate from 21.3m in 2001 to 76.7m in 2005. | |
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SCOTLAND ON SUNDAY Vodafone chief under pressure RBS Bank on lenders to cash in with record profits St James's to make 500m property move North British Distillery 'monitoring' S&N decision Society set to debate Tesco law impact Scottish & Newcastle 'lied' to workers over closure ScottishPower in bids for gas distribution networks Royal Bank in talks over SPL television deal |
Scottish and Newcastle Brewing up a storm No insurance against backlash as Prudential is set to slash dividend Why BT must pick up the phone and buy back mm02 Vodafone Mega mergers destroy shareholder value Moaners must account for carping about Royal Bank Royal Bank of Scotland 3.5m payout for bank chief HBOS Bank on lenders to cash in with record profits |
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INVESTORS CHRONICLE Tips: Buy Surfcontrol (SRF), Fortune Oil (FTO), First Quantum Minerals (FQM), Enterprise (ETR), Ultimate Leisure (ULG), Sell - P&O (PO). Tip Updates: Buy - Regal Petroleum (RPT), Mayborn (MBY), Hold - BTG (BTG), Sell JJB Sports (JJB), Eurotunnel (ETL). |
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SHARES MAGAZINE Plays of the Week: Sportech (SPO), Buy., Oxus Mining (OXS), Buy. BSS Group (BTSM) - Buy, Petra Diamonds (PDL) - Buy, Sopheon (SPE) - Buy. Hit List - 12 Top Takeover Targets:, Acambis (ACM), Benchmark (BMK), BG Group (BG), Bovis Homes (BVS), Capital Radio (CAP), Celltech (CCH), De Vere (DVR), House of Fraser (HOF), Invensys (ISYS), Kingston Communications (KCOM), Premier Oil (PMO), Westbury (WBY). |
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People's
confidence in investing appears to be slowly returning as the stock market
recovers.The Association of British Insurers said the amount individuals put
into collective investment schemes during the last three months of 2003 was up
on the same quarter of the previous year. WH Smith has delivered a string of profit warnings and the new CEO had
decided to stop selling CD singles as sales are being squeezed by cut-price
supermarkets. Profit margins are falling, costs are rising and sales are flat.Sainsbury is in exclusive talks to buy TM Group, the convenience store
and newsagent chain, for about 230 million pounds according to the Sunday Times
and could seal a deal for the owner of the Martins and Forbuoys chains within
two weeks.
ThePlayboy
- 22 Feb 2004 17:08
- 4 of 30
Key DOW Levels for 2/23
UP Above 10,675
DN Below 10,575
Volatile Session
Dow swings back and forth, loses ground for the session.
From prior commentary, "...the Dow will likely remain weak beneath this key resistance level in the medium term. A downside push through 10,600 will lead to an even steeper decline toward 10,500..."
The Dow opened the session weak this morning, as the index sold off heavily, breaking through 10,600 at around Noon. However, the index reversed sharply off the lows and pushed back into positive territory before making another swing back down, as seen in the 15 Minute Chart.
The index continues to hold beneath the key 10,750 resistance level, which will likely persist unless a break occurs. Look for the index to remain weak beneath this level in the medium term, especially if 10,575 is crossed to the downside. A break here will likely make for a 10,400 target.
Should the Dow break back above 10,675, an upside rise toward resistance should be anticipated.
Short Term Dow
Short term, the Dow has formed a clear upper trend line across the highs of the late-day downmove, seen in the 1 Minute Chart. An upside break through 10,635 will likely make for strength at the Open.
Medium Term Dow
In the medium term, we entered the market Short at 10,600 this morning, but stopped out on the reversal. No other trades were triggered and we are still out of the market. We will watch 10,575 down, and 10,675 up, with 20 point stops.
NASDAQ & S&P
The NASDAQ and S&P each continued lower today after yesterday's sharp decline. Look for a likely continuation pattern to form to indicate further weakness. *
Summary
The Dow experienced a volatile session, ending with a 46 point loss today. The index continues to hold beneath key resistance, which indicates a likely move lower in the medium term. A downside break at 10,575 will likely spark such a move Monday.
ThePlayboy
- 22 Feb 2004 17:08
- 5 of 30
R2 4572
R1 4543
PP 4521
S1 4493
S2 4471
Fri close was above the pp but lost 2.9pts in the auction! 2day ftse chart rolling over to tgt s2 imho, unless we brk above 4525 to regain the momentum up to tgt the highs again!
ThePlayboy
- 22 Feb 2004 17:09
- 6 of 30
WEEKLY FTSE PP
R2 4645
R1 4580
PP 4485
S1 4420
S2 4325
From the weekly perspective not looking for THE turn as the trend is still up but more of a retrace as well overbought atm, looking for a tgt of 4460 (40 futs)now that ops exp is out the way, all about the dow and 10600 tonight for direction Monday, would not surprise me to see dow 10500 next week! IMHO
Crocodile - 23 Feb 2004 01:15 - 7 of 30
http://www.snappytrader.com/ta/ta.htm#analyser
seawatcher - 23 Feb 2004 07:38 - 8 of 30
sw
Crocodile - 23 Feb 2004 07:42 - 9 of 30
seawatcher details are at http://www.snappytrader.com/ta/ta.htm#analyser
little woman
- 23 Feb 2004 08:09
- 10 of 30
I was quite surprised that this bit of news would make Stan a possible take over target: - (We are a cold lot...........)
HONG KONG (AFX-ASIA) - Standard Chartered Bank's largest shareholder Tan Sri Khoo Teck Puat has died of a heart attack, leaving the ownership of his 13.5 pct stake under a cloud of uncertainty, the Financial Times reported.
little woman
- 23 Feb 2004 08:13
- 11 of 30
Surely there must be somewhere we can send unwanted e-mails from places that should be shut down, so they can trace them, and try and do something.
little woman
- 23 Feb 2004 08:15
- 12 of 30
Yoyo - 23 Feb 2004 08:15 - 13 of 30
Douggie - 23 Feb 2004 08:41 - 14 of 30
Kayak
- 23 Feb 2004 09:01
- 15 of 30
little woman
- 23 Feb 2004 09:21
- 16 of 30
brianboru
- 23 Feb 2004 09:32
- 17 of 30
Kayak
- 23 Feb 2004 09:45
- 18 of 30
Balerboy
- 23 Feb 2004 09:48
- 19 of 30
apple - 23 Feb 2004 09:50 - 20 of 30
There is a free email service with 10Mb of space that has very good features.
http://www.fastmail.fm/
I have abandoned the email service from my ISP & use this instead.
Fastmail allows you to BOUNCE back emails & pretend that you don't exist, which is a far better way of getting them to give up.
It's a pain to have to tell all the wanted senders the new address but it's worth it.
You can use an IMAP client for free but I only use webmail these days anyway because using Outlook or any email client is too risky as far as viruses are concerned.
The great thing is that if you change your ISP in future then you don't have to change your email address again.
Also, their paid services are low cost with more space etc & are very good.
I also use yahoo when I'm not too happy about giving my email address.
little woman
- 23 Feb 2004 09:54
- 21 of 30
The e-mail address belongs to a business I run, so changing it is not an option. Also changing the begining bit makes no difference as all e-mails with the bit that comes after @ will come to me as the business owns the domain! I understand it's not legal in the US as well us the UK to send unsolicited e-mails, but what is the point of having a law if there is no one to report it to!
little woman
- 23 Feb 2004 09:58
- 22 of 30
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