Morning all.

London shares outlook - seen lower as Wall Street slides on oil price concerns

LONDON (AFX) - Leading shares are expected to open slightly lower this
morning, depressed by last night's weak performance by Wall Street, dealers
said.
According to spread-betting firm IG Index, the FTSE 100 index is seen
opening around 2 points lower at 4,368.0, after closing at 4,370.7 yesterday.
On Wall Street last night, the DJIA lost 63.49 points to 10,219.34, hit by
rising oil prices, as supply disruptions in Iraq and Russia weighed on
sentiment, while the Nasdaq lost 43.23 to 1,963.43 as a Lehman Brothers
downgrade on Intel hit technology stocks.
Across Asia overnight, the Nikkei 225 index ended the morning
144.65 points lower at 11,330.62, while the Hang Seng began the afternoon
session 31.92 points lower at 12,252.16.
In the UK today, the transport sector looks like dominating, with traffic
stats from Easyjet and Eurotunnel's strategic review both due this morning.
Easyjet is due to release its June traffic stats and is expected to update on
trading. The airline has been the subject of press reports recently suggesting
that the airline's founder Stelios Haji-Ioannouis is planning to take the group
private.
Investors will also be eagerly awaiting news from Eurotunnel's strategic
review, due later this morning, as the group is expected to name a new chairman
of its British arm.
Press reports over the weekend suggested that Dame Pauline Neville-Jones, a
former head of the UK's government's Joint Intelligence Committee, has emerged
as the frontrunner for the position.
In April, French rebel shareholders voted to oust the previous Eurotunnel
board, including Charles Mackay and Richard Shireffs.
The transport group is also expected to reveal its new strategy and could
bring in rail company partners, including SNCF, the French state-run operator.
Elsewhere, interim results from Lavendon, full year figures from Kleeneze
and Reg Vardy and AGM statements from N Brown and Game Group may provide some
excitement.
Yell could also be in focus as France Telecom is due to price the IPO of
its PagesJaunes directory unit later today. The issue is expected to get away at
the middle of the 13.2-15.2 eur range as muted demand from institutional players
offsets a healthy take-up among retail investors, dealers noted.

Morning all.

Just tried a bit of carpetbagging on MKS and failed several times.

Morning.

Loads of interesting news about, some good, some bad.

Car dealers bolloxed! Housebuilders mixed.

jj - you about? Did you get out of WMK on this last bounce. Downtrend resumed IMO.

Have a good day.

Al

Morning all.

Morning Al! Yes, for once I hit the button at the top of the bounce for WMK so was well pleased! Pity I didn't off load EMH at the same time as it had been on my sell list too.

Have a good day everybody.

mornin all

morning all and you Al :-)

jj - good one. ARX stuff dragging.

Rick - good morning my fine fellow! ;-))

Morning all

still no time except to keep a eye on whats going on........

But it is very nice to see you Little Woman even if it's only
a fleeting glance! Hope all is well with you.

Well things are more up-beat then expected this morning!
Greene has boosted the retail sector, presumably the news on
Virgin's float and potential monthly contracts rather then just
pay as you go, is responsible for a lift on telecoms.
(My VOD holding now looks less of a dog then before!)

Even the banks (bar ANL) look more positive this morning...
Maybe someone left the 'happy pills' out overnight anyway whatever
the change of heart (currently) I'm not complaining!!!

Quiet day for me as have had plenty to do.

AQP nicely up, MGCR and PLR pretty flat and the rest boring.

afternoon all,quiet day for me all on hold untill thursday,

afternoon all.

Looking at the chart above - is the DOW having another 'boring' day
on the downward slope so far?

Big Al

PLR down below 125p, are you getting out?

I'm not.

As Homer Simpson said, "Bed goes up, bed goes down. Bed goes up.........."

Knowing that, I will wait for, "Shares go up, shares go down. Shares go up.........."

sw - still in. Hurting a bit, but reviewing things. Yesterday's thoughts were someone was driving it down to buy, but I'm not so sure today.

I think it is the general state of things.

I will not be panicked, I have held some stocks for 18 months previously and survived the crash intact with a profit eventually.

Oil is the winner in my book anywhere but Arabia and Russia.

As Paladin have assests everywhere but, I see no long term problem. Nice to turn a few quid quicker, but if it's not to be........

IMHO Hold is the answer, but you must do what you think is right.

The market needs some momentum I think.

SEY are holding and building, lots of institutional Buys, so it was reported in the Telegraph. Broker recommends 20p. That is still light for their known assets, so I would say that is a strong buy if that is any help.

They are cheap compared to all other partners in the Muaritanian thing, and Tullow announced today how happy they were with Energy Africa without specifics.
They also are cheap.

SEY have the cheap price so you have more shares for your money and any gain, (or loss), shows more.

In my opinion there is about another 25p in the price once drilling results come in on these fields, that is in the seconf half of this year. All this while developing gas fields for the USA winter. (Doubling their known reserves also within the year)

Paladin is the check to the balance as they have no interest in the African thing.

Just thoughts pouring out.

No trades today for me.

Spent far too much time prattling with some BPRG punters over the road.

WHT ticked down. Tried to short more, but they moved off. Happy with that. AQP done good. Not much follow-through, but a 25k WT reported after hours keeps the interest for tomorrow. PLR has been very disappointing. Was very tempted to close, but prepared to give it tomorrow too.

And the rest did sweet FA! ;-)