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Traders Thread & Thoughts - Monday 17th May (OOM)
Crocodile - 16 May 2004 11:03
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Stocks tumbled all over the world following the assassination of the head of the governing council in Iraq, political unrest in India and another rise in oil prices Celltech Group, Belgian USB drugmaker has agreed to buy the company for 1.53 billion pounds, 550-pence-per share in cash a 27.8 percent premium to last nights closing price BAA airports operator reported an inline 4.9 percent rise in annual profit to 616 million pounds following a record number of passengers through its seven UK airports. MmO2 achieved market forecasts with a 59 percent rise in full-year core earnings and a maiden pre-tax profit, and said it was reviewing a payout policy for November. Land Securities Europe's largest property investor reported a rise in net asset value, at the top of forecasts, and said it saw market conditions improving for London offices. Annual profit rose 16.7 percent to 373.1 million pounds , up from 319.6 million pounds. (Regus?) LogicaCMG said it expected first half revenue to be around ten percent lower at its Wireless Networks unit, which would book a loss for the period. Yell Group telephone directory publisher, said its full year net loss widened to 51.1 million pounds due to costs related to its initial public offering, as turnover rose 6.5 percent to 1.19 billion pounds |
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Europe & World (GMT) |
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Abacus Group (I), Care (I), Countryside Properties (I), Enterprise Inns (I), SCS Upholstery (I), BAA (F), Business Post (F), Land Securities (F), Luminar (F), mm02 (F), Yell Group (F), Corin Group (AGM), DataCash (AGM), Fitzhardinge (AGM), Glanbia (AGM) April CPI (08:30) |
Deere and Co, Hewlett-Packard Co AutoDesk, TJX Companies Home Depot, JC Penney Staples, Network Appliance Corp 2.30 pm Building Permits 2.30 pm Housing Starts |
IKB Deutsche Industriebank Medion, Techem |
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Pre Market Futures |
FTSE +10 |
DAX+26 |
DOW+39 |
S&P+4.1 |
Nasdaq+8.5 |
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Crocodile - 16 May 2004 11:04 - 3 of 45
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BRITISH AIRWAYS is slashing dozens of European fares in a dramatic new price war. The national carrier has knocked up to 30% off ticket prices on 38 short-haul routes from Gatwick to win back passengers from Ryanair and easyJet. Lowest prices for destinations such as Naples, Prague and Pisa have been cut from 99 return to 69 - including taxes and the new 2.50-a-flight fuel surcharge. Lowest fares to Venice, Barcelona and Madrid are down from 89 to 69. Oil prices surged through yet another set of record highs today with Nymex crude set a record at $41.22 amid fresh concerns about shortages of petrol for the summer. The price is underpinned by strong demand from China, the shortfall in petrol supplies for the US market ahead of the summer holiday period and by fears of terrorist attacks in Iraq and Saudi ArabiaScottish and Newcastle find things are brewing up nicely in booming Russia. When they bought Finnish brewer Hartwall for 1.2 billion a little over two years ago, they inherited a 50 per cent stake in Baltic Beverages Holding, Russia's largest brewer.
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SUNDAY TIMES M&S set to ditch British suppliers Over 150,000 customers quit BT every month BSkyB races to get Irish horses on satellite BA defies airline gloom with 200m extra cuts Pennon , Guy Hands offers 1bn for southwest water group Rebels seek to oust Jarvis chief Allied Irish Bank AIB targets top executives in forex probe Canary Wharf chairman to Reichmann: you're sacked Business Digest, Abbey National Business Digest, VT Group Allied Irish Bank credibility bank sees big withdrawal Inside the City: John Waples: Back Morgan in end game at Canary Wharf |
Sharewatch: BPB Quote of the week, Marks & Spencer Group Irish Agenda: Small appetite for C&C proves it was scraping the barrel Directors' Deals: Blacks Leisure boss rides a wave of success Judgment Day: Should you buy shares in McCarthy & Stone? Scottish Water under fire over BP contract And Finally ... Buckley should not bank on avoiding Allied Irish Bank gunslingers Sharewatch: Canary Wharf M&S snubs up to half its borrowers Agenda: William Lewis: Eddington leaves a marker for befuddled M&S Comment: Naomi Caine: High rates at M&S score low with customers M&S The quiet Americans who are key players in UK plc |
| WH Smith, CINVEN, the private-equity firm, will this week enter the auction for WH Smith in a move that could push the eventual price to above 1 billion. | |
| SUNDAY TELEGRAPH Man Utd clears itself Jarvis Norris hits out Collins Stewart, Smith's record-breaking bonus M&S Tullett Holmes' efficiency drive Mayflower Corporation , Greencool bids for Transbus Gent groomed as Glaxo chairman mmo2 moves into profit |
Comment: Man Utd won't score an own-goal King cramped at Sainsbury BT engineers dig for treasure Why is gas so expensive? Centrica M&S's spring clean Avoid cut-price chairmen, BAE Systems |
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OBSERVER Rose ruled out of Marks job BA cost review reaps 800m saving Sainsbury focuses on quality Trinity Mirror, Investors pressed Bailey to sack Morgan GlaxoSmithKline investors 'won't contest Garnier pay' London Clubs International, Viva MacVegas! Glasgow spins the wheel IP2IPO Grou Big carve-up by Evolution chiefs Eidos US hitmen target Lara's firm |
End of the Piers show, Trinity Mirror 'I know I can't walk on water', GlaxoSmithKline Sly sorted out Piers. How about M&S? Trinity Mirror A scoop too far for Fleet Street's comeback kid 'I know I can't walk on water', Reuters Group Is there life after Sorrell? WPP Peers on Morgan, Trinity Mirror |
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MAIL ON SUNDAY Victory for pension victims, Blair's 400m rescue package BA slashes 30% off air fares, Price war takes on budget fliers Dividend hopes lift clouds at BA |
New threat to petrol prices, Crude oil surges to record highs BA increases cost-cutting, 13,000 jobs gone in three years City hails mmO2 profit, Still waiting on the dividend |
| North Sea Oil, A fierce David and Goliath row is brewing in the North Sea amid calls for the Government to break the grip held by the global oil giants or risk deterring billions of pounds of new investment. Senior industry figures are concerned that BP, Shell, Exxon and Total - are sitting on fields to reap the revenues fuelled by the sky-high crude price and frustrating smaller new companies desperate to take over and search for more oil. Up to 30bn barrels are left under the North Sea and there are mounting fears they could go undiscovered as potential investors turn to other opportunities elsewhere in the world. This could have severe repercussions on the economy as the UK edges ever closer to becoming a net* importer of oil and gas | |
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INDEPENDENT Sainsbury's sacking gives headhunter headache Standard Chartered forced to pull banking staff out of Iraq VT Group harbours desire for BAE's Clydeside shipyards |
Never mind the performance targets - can GSK and Garnier deliver the performance? This is shareholder democracy in action, Trinity Mirror British Airways 1bn fuel bill threatens to put cost-cutting into a tailspin |
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SCOTLAND ON SUNDAY Trinity Mirror to take a hard look at itself SMG deals broadcast its commitment to television Shareholders split over who should run Marks & Spencer Mayflower Corporation. Trade buyer in battle for control of troubled TransBus London Stock Exchange, Aim on target to overtake main market |
Scottish Radio Holdings profits to rise as speculation mounts over Emap bid Sly Bailey under pressure at Mirror as photos row continues mmO2 Mobile phone giant to reveal dramatic profits turnaround Weir Group's way is working but investors still want an acquisition |
| Scottish Radio Holdings SRH will this week announce an interim profit rise of close to 10% as speculation grows that Emap is preparing a bid for later this year. | |
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INVESTORS CHRONICLE Great growth shares: Community Broking Group (CB) - EQ Group (EQI) - Burren Energy (BUR) - Compass Finance (CAF) - Award International Holdings (AWI).Tips: Buy - Shell (SHEL), Keller (KLR), Media Square (MSQ), Sterling Energy (SEY). Sell - Somerfield, Ocean Power Tech.Tip Updates: Northern Foods (NFDS) (High enough) - Widney (WDNY) (High enough), Ben Bailey (BBC) (Buy) - Centrica (CNA) (Buy). |
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SHARES MAGAZINE Plays of the Week: Buy SDL (SDL) at 107p - Flying Brands (FBDU) at 196p - Dignity (DTY) at 252.5p - Hyder Consulting (HYC) at 147.5p.Updates: Hold/buy Earthport (EPO) - Sell Easyjet (EZJ) - Buy Sterling Energy (SEY) - Buy Fenner (FENR).High Risk Oil Share Portfolio: Burren Energy (BUR) - Cairn Energy (CNE) - JKX Oil and Gas (JKX) - Melrose Resources (MRO) - Sibir Energy (SBE). |
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Sunday Newspapers
16th May
optomistic
- 16 May 2004 11:22
- 4 of 45
Enjoy a restfull Sunday
opto
daves dazzlers
- 16 May 2004 14:22
- 5 of 45
bt
sains
william h, and the current story with tsb,lets hope its true , regards dd.
Melnibone - 16 May 2004 16:06 - 6 of 45
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Afternoon all. Update of the P&F chart. If we break below the recent low of 4395(?), I suggest we'll test
the 4300 area initially and then if the US continues its trend we're looking at round number 100 point
falls until we get a sentiment change. Needless to say, looking to short pops rather than buy dips. You don't
need to play the market both ways and I would not feel comfortable in holding a long in the current climate.
Swing chart is negative and will not turn positive again until we break back above 4600.
Melnibone.
Melnibone - 16 May 2004 16:25 - 7 of 45
Swing chart is showing a last lower swing high and we now seem to be
struggling to try and put in a swing low. We are at the same undecided point
that we were at in March before the drop to below 4300. I feel that any
move higher from here will treated as a sell as soon as we break the previous
day's low. I'm waiting for that, or a break of the last low that takes us
into 4380's. Which ever comes first.
Some market watchers are suggesting some further rises before we drop.
Some are even predicting a 1987 style crash.
Some suggest we just consolidate in this range and then move to new
highs for the year.
So between them they've just about covered all eventualities. :-)
What a surprise. :-))
Down to each of you as individuals, really.
Nothing changes, does it.
With a bit of luck, some of you LTBH'ers will get some of the buy entry
points that you dream for.
Melnibone.
angi - 16 May 2004 17:57 - 8 of 45
Dave, what's the story about tsb?
daves dazzlers
- 16 May 2004 19:14
- 9 of 45
citigroup,the worlds largest bank,has stepped up its search for a uk banking acquisition by considering a tie up with lloyds tsb,,,,as you no not everything you read is true,but remember mr eric d like`s,,,BIGGER and better,lets hope so regards dave..
Crocodile - 16 May 2004 21:36 - 10 of 45
D.
Crocodile - 17 May 2004 07:35 - 11 of 45
zarif
- 17 May 2004 07:40
- 12 of 45
jj50
- 17 May 2004 07:58
- 13 of 45
little woman
- 17 May 2004 08:25
- 14 of 45
Page 2 in the Financial Mail on Sunday has a article titled "Markets close to collapse"
The middle of the article goes on to say "one expert warned starkly that the similarity between recent US share price movements and the weeks before the crash of 1987 was 'uncanny'.
Insider trader
- 17 May 2004 08:26
- 15 of 45
little woman
- 17 May 2004 08:28
- 16 of 45
little woman
- 17 May 2004 08:40
- 17 of 45
Insider trader
- 17 May 2004 09:01
- 18 of 45
Melnibone - 17 May 2004 09:12 - 19 of 45
The bombings have skewed everything. Huge gap open down in
the US at these levels. Shock factor will have worn off by the
the time the US opens.
Agree with Insider trader. We are due a bounce at the least as
Bears take profits and bottom fishers cast their nets. Don't
know how far we bounce.
Should be some good trading opportunities here.
Melnibone.
little woman
- 17 May 2004 09:41
- 20 of 45
Insider trader
- 17 May 2004 09:44
- 21 of 45
little woman
- 17 May 2004 10:50
- 22 of 45
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