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INSIDER TRADERS NOTE PAD. (IT)     

Insider trader - 26 Jan 2003 17:18

Latest news.

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HAPPY AND SUCCESSFUL TRADING TO ALL!!

Insider trader - 19 Mar 2003 17:14 - 37 of 95

Updated now with working links in the header.

Indianna_Jones - 01 Apr 2003 18:21 - 38 of 95

Hi IT!

Insider trader - 01 Apr 2003 18:23 - 39 of 95

How ya doing old buddy, making still no doubt!

Indianna_Jones - 01 Apr 2003 18:25 - 40 of 95

Indeed ..... especially over the past two months!!!!!!!!!!!!!!

Insider trader - 07 Apr 2003 10:10 - 41 of 95


UK, US and European results this week
Result Date Company name Country Results Consensus Rec No Anl Earnings
7-Apr Fibernet Group GB H1 2.60 Hold 5 Forecast
7-Apr MBNA Corporation US Q1 2.42 Outperform 24 Forecast
Tuesday
8-Apr Continental D FY 2.00 Outperform 24 Forecast
8-Apr Corin Group GB FY 2.33 Outperform 3 Forecast
8-Apr JJB Sports GB FY 2.53 Hold 16 Forecast
8-Apr LA Fitness GB H1 2.83 Hold 6 Forecast
8-Apr Robotic Technology Systems GB FY 4.00 Underperform 2 Forecast
8-Apr Severfield-Rowen GB FY 1.50 Buy/Outperform 2 Forecast
8-Apr Stada Arzneimittel D FY 1.92 Outperform 12 Forecast
8-Apr Swiss Life Holding CH FY 3.11 Hold 9 Forecast
8-Apr Tesco GB FY 2.44 Outperform 30 Forecast
8-Apr TV Loonland D FY 4.00 Underperform 1 Forecast
8-Apr Wella D FY 2.08 Outperform 14 Forecast
Wednesday
9-Apr Austin Reed Group GB FY 1.67 Outperform 4 Forecast
9-Apr Axa Konzern D FY 4.00 Underperform 1 Forecast
9-Apr Beattie (James) GB FY 2.67 Hold 4 Forecast
9-Apr Bon Appetit Group CH FY 3.33 Hold 3 Forecast
9-Apr Christopher & Banks Corp. US Q4 2.00 Outperform 7 Forecast
9-Apr DaimlerChrysler D AGM 2.62 Hold 38 Forecast
9-Apr Douglas Holding D FY 2.93 Hold 15 Forecast
9-Apr Genetech US Q1 2.68 Hold 28 Forecast
9-Apr Sonus Networks Inc US Q1 3.00 Hold 8 Forecast
9-Apr ST Ives Group GB H1 3.20 Hold 6 Forecast
9-Apr Sunderland GB H1 2.00 Outperform 1 Forecast
Thursday
10-Apr Bellway GB H1 1.92 Outperform 12 Forecast
10-Apr Commerce Bancorp Inc US Q1 2.27 Outperform 11 Forecast
10-Apr Duerr D FY 3.00 Hold 5 Forecast
10-Apr First Data Corp US Q1 1.93 Outperform 28 Forecast
10-Apr Hochtief D FY 2.33 Outperform 6 Forecast
10-Apr IVG Immobilien D FY 2.00 Outperform 8 Forecast
10-Apr Knig & Bauer D FY 2.56 Hold 9 Forecast
10-Apr Pier 1 Imports Inc US Q4 1.92 Outperform 12 Forecast
10-Apr Rheinmetall D FY 2.00 Outperform 4 Forecast
10-Apr Sirius Financial Solutions GB FY 2.00 Outperform 3 Forecast
10-Apr SunTrust Banks Inc US Q1 3.06 Hold 18 Forecast
10-Apr SuperValue Inc US Q4 2.33 Outperform 9 Forecast
Friday
11-Apr Leifheit D FY 3.00 Hold 1 Forecast
11-Apr Moss Bros Group GB FY 1.33 Buy 3 Forecast
11-Apr Pressac GB AR 3.00 Hold 2 Forecast
11-Apr S&U GB FY 1.00 Buy 1 Forecast
11-Apr Sports Resource Group GB FY 3.50 Hold/Underperform 2 Forecast
11-Apr The Television Corp GB FY 2.17 Outperform 6 Forecast
11-Apr Wellington Underwriting GB FY 2.50 Outperform 4 Forecast

The broker ratings are overall consensus figures derived from Multex Global Estimates reports. The EPS, EBIT and revenue estimates relate to the full-year and therefore do not necessarily correlate to the reporting period indicated. The consensus recommendation gives a numerical rating where 1=buy, 2=outperform, 3=hold, 4=underperform and 5=sell.

Insider trader - 16 Apr 2003 10:11 - 42 of 95

Good to be back...... The broker ratings are overall consensus figures derived from Multex Global Estimates reports. The EPS, EBIT and revenue estimates relate to the full-year and therefore do not necessarily correlate to the reporting period indicated. The consensus recommendation gives a numerical rating where 1=buy, 2=outperform, 3=hold, 4=Underperf. and 5=sell.
UK, US and European results this week
Result DateCompany nameCountryResultsConsensus RecNo. AnlEPSRevenue
14-AprAareal BankDFY1.45Buy122.21
14-AprBe SystecDFY1.00Buy12.03205
14-AprColiseum GroupGBFY1.00Buy1-1.026
14-AprFleetBoston FinancialUSQ12.48Outperform232.41 11,766
14-AprHannover RkversicherungDFY2.30Outperform242.70
14-AprHenkelDAGM2.23Outperform223.309,883
14-AprIWKADFY1.78Outperform90.982,334
14-AprNew York Times CoUSQ12.36Outperform142.17 3,262
14-AprPubs 'N' BarsGBFY1.00Buy23.9514
14-AprPVA TePla DFY2.00Outperform1-0.1620
14-AprUnisys CorpUSQ12.80Hold100.785,784
Tuesday
15-AprBank One CorpUSQ12.88Hold243.0517,347
15-AprBilfinger BergerDFY1.75Outperform41.944,669
15-AprBrit Insurance HoldingsGBFY1.00Buy33.54
15-AprCitigroup IncUSQ12.06Outperform173.2276,537
15-AprDebenhamsGBH12.52Hold2132.201,803
15-AprE*Trade GroupUSQ12.25Outperform40.491,427
15-AprFuchs PetrolubDFY1.00Buy111.26
15-AprGeorgicaGBFY1.50Buy/Outperform24.00123
15-AprGannett CoUSQ12.53Hold174.56 6,677
15-AprJohnson & JohnsonUSQ12.47Outperform192.6240,850
15-AprKnight-Ridder IncUSQ12.57Hold143.78 2,929
15-AprIntel CorporationUSQ12.47Outperform320.60 28,267
15-AprInter-Alliance GroupGBFY3.00Hold2-12.05
15-AprLloyds British TestingGBAGM1.00Buy12.91
15-AprManpowerUSQ12.00Outperform161.81 11,651
15-AprMicrosoftUSQ31.71Outperform281.01 31,953
15-AprNovartisCHQ12.21Outperform423.1034,769
15-AprSalzgitterDFY2.88Hold81.114,795
15-AprState Street CorporationUSQ12.88Hold162.03 4,378
15-AprTimberland CompanyUSQ11.75Outperform42.82 1,279
Wednesday
16-AprAdvanced Micro DevicesUSQ13.38Hold21-0.993,004
16-AprAir Partner GBH11.00Buy18.9092
16-AprAssociated British FoodsGBH12.65Hold1742.264,950
16-AprBank of New YorkUSQ13.00Hold141.735,402
16-AprClinton CardsGBFY1.20Buy524.30308
16-AprCoca-Cola CompanyUSQ!2.05Outperform191.8420,793
16-AprEMC CorporationUSQ12.85Hold270.116,000
16-AprGeneral DynamicsUSQ12.60Hold204.94 14,872
16-AprHornbach BaumarktDprem. FY1.00Buy10.99
16-AprHornbach HoldingDprem. FY1.00Buy22.67
16-AprKarstadtQuelleDFY3.60Underperform201.3915,872
16-AprKraft FoodsUSQ12.06Outperform17230,628
16-AprLeoniDFY1.14Buy74.681,150
16-AprRowan Companies IncUSQ11.90Outperform200.27700
16-AprStryker CorporationUSQ12.50Outperform222.113,447
16-AprSulzerDAGM3.00Hold725.401,888
Thursday
17-AprHershey Foods CorpUSQ12.56Hold183.54,220
17-AprMattel IncUSQ12.00Outperform161.255,066
17-AprMediclinDFY5.00Sell20.28419
17-AprSAPDQ12.55Hold423.517,667
17-AprSmith WHGBH13.42Hold1934.453,002

Insider trader - 16 Apr 2003 10:13 - 43 of 95

This table indicates how broker recommendations for key FTSE 100 companies have changed in the last 24 hours. It details how great the rating change has been and reasons for this change. The consensus recommendation gives a numerical rating where 1=Buy, 2=Outperform, 3=Hold, 4=Underperform and 5=Sell.
 14th Apr15th AprChangeConsensus RatingBroker Change
Amvescap3.233.230.0%HoldAmvescap shares lifted as concerns over the solvency levels for insurers, fund managers and banks with insurance arms eased following Monday's gain in the Dow Jones industrial averages
AstraZeneca2.412.43arrowdown.gif-0.8%OutperformING downgrades AZN as it expects 2003 to be a very challenging year for the pharmaceutical giant
Aviva2.352.350.0%OutperformLike Amvescap, shares in Aviva soared as concerns over solvency eased, however its ratings remains steady
Daily Mail & General Trust2.832.830.0%HoldCSFB downgrades its forecasts ahead of the group's results at the end of the month. Among its reasons for this decision the broker cites the weak advertising market and the group's increased promotional spend
Hilton Group2.822.820.0%HoldMany market observers voice support for Hilton as it face the new competition posed by Intercontinental Hotels (formerly part of Six Continents), but rating sticks.
HSBC33.04arrowdown.gif-1.3%HoldIn spite of UBS upgrading its forecasts, the rating for the group falters
Invensys3.063.060.0%HoldFollowing its disposal news Invensys shares soared but many brokers, including Deutsche and JP Morgan, reiterate "neutral/hold" ratings until further details are known
Lloyds TSB Group2.692.690.0%HoldLloyds also lifted in line with other stocks as solvency concerns are eased, however this was not enough to spark a response from brokers
Prudential2.942.940.0%HoldGoldman Sachs named Pru as its prefered life stock, this caused a lift in the shares but not in the rating.
Safeway3.053.050.0%HoldQ4 trading statement reveals a dip in sales as the retailer battles against the uncertainty of the bidding situation. Many brokers had been expecting this so the rating stays the same

ainsoph - 16 Apr 2003 10:23 - 44 of 95

Welcome back ... to you and the posts

Insider trader - 16 Apr 2003 10:26 - 45 of 95

Thanks ainsoph, I have been in hospital.

ainsoph - 16 Apr 2003 10:37 - 46 of 95

nothing too serious I trust?

Insider trader - 16 Apr 2003 10:48 - 47 of 95

Hopefully not, I notice you dont post on the other side anymore, I take it you got fed up with the usual suspects.

ainsoph - 16 Apr 2003 11:34 - 48 of 95

:-))

It got boring after a while and happy to post here - it doesn't take long to post and although quiet I do know a lot of people look in albeit they don't always post. Not posted on the dark side for over two months ....... miss it like a hole in the head - as they say.


ains

little woman - 21 Apr 2003 13:38 - 49 of 95

Please keep going, I was wondering were this disappeared to.

I must admit it's much easier to use the links here than from "my favorites" which has so many that I struggle to remember which one to use!

Also helps with ideas for companies to take a more detailed look at. (too many companies out there, and although I have a couple of sectors I have stuck with, I have to regulary re-evalute as many are not currently sectors to "buy" into, and it could be sometime before my view on them changes........ so I kinda keep up just in case!)

shagnasty - 21 Apr 2003 13:43 - 50 of 95

ROFLMAO

Difficult to post when you are banned,

LOL!!!

Insider trader - 21 Apr 2003 18:49 - 51 of 95

The consensus recommendation gives a numerical rating where 1=buy, 2=outperform, 3=hold, 4=Underperf. and 5=sell.
UK, US and European results this week
Result DateCompany nameCountryResultsConsensus RecNo AnlEPSRevenue
21-AprBaker Hughes IncUSQ12.15Outperform261.085,322
21-AprBoston Scientific CorpUSQ11.79Outperform241.283,320
21-AprLexmark IncUSQ12.30Outperform103.154,611
21-AprMerck & CoUSQ12.83Hold293.456,309
Tuesday
22-AprAmgen IncUSQ11.66Outperform291.767,652
22-AprBrown & JacksonGBFY1.00Buy33.6
22-AprEli Lilly & CoUSQ12.41Outperform292.5412,141
22-AprLockheed Martin CorpUSQ11.90Outperform202.1929,349
22-AprSchering-PloughUSQ13.00Hold280.759,280
Wednesday
23-AprARC InternationalGBQ12.00Outperform6-514
23-AprBell South CorpUSQ12.94Hold351.8527,676
23-AprBoeing CorpUSQ12.71Hold211.9849,235
23-AprBuderusDFY2.87Hold151.751920
23-AprCardinal HealthUSQ11.79Outperform193.1950,894
23-AprEastman Kodak CompanyUSQ13.75Underperform42.5512,840
22-AprFerraris GroupGBH12.00Outperform316.268
23-AprHt & WesselDFY2.00Outperform1-0.1582
23-AprImperial Oil LimitedUSQ13.09Hold113.616,072
23-AprLambda PhysikDH13.00Hold100.2399
23-AprMalcolm GroupGBFY1.00Buy27.21101
23-AprMBNA CorpUSQ12.42Outperform241.5913,974
23-AprPunch TavernsGBH12.40Outperform1030.3421
23-AprStraumann HoldingCHAGM2.00Outperform134.29317
23-AprVosslohDQ11.83Outperform63.79872
23-AprWyethUSQ12.43Outperform282.4515,686
Thursday
24-AprActif GroupGBH12.00Outperform11
24-AprAllied DomecqGBH12.65Hold2032.023499
24-AprBlack & DeckerUSQ12.07Outperform153.544,455
24-AprBHW HoldingDFY3.56Underperform90.57
24-AprCIBA Specialty ChemicalsCHQ12.56Hold276.467000
24-AprDaimlerChryslerDQ12.58Hold373.58148641
24-AprDFS FurnitureGBH12.00Outperform1336.35501
24-AprFielmannDFY1.75Outperform122.41705
24-AprGeheDAGM2.10Outperform213.0219540
24-AprHitachi CreditGBFY3.00Hold418.7
24-AprKellogg CoUSQ12.53Hold171.898,542
24-AprKilnGBFY2.67Hold34.45
24-AprLoeweDFY4.00Underperform70.62364
24-AprMannheimer AGDFY3.00Hold2-4.72
24-AprMLPDFY3.53Underperform16-0.18
24-AprNobel Biocare HoldingCHAGM2.38Outperform1321.893268
24-AprNortel NetworksUSQ12.70Hold37-0.039,633
24-AprSBC Communications IncUSQ12.91Hold341.6149,996
24-AprSiemensDInterims2.61Hold392.2978528
24-AprSoftware DQ13.40Underperform250.56465
24-AprStyloGBFY3.00Hold1
24-AprWeb.deDQ12.00Outperform30.0544
Friday
25-AprAmadeusDprem. FY1.67Outperform30.6264
25-AprAutonomy CorpGBQ13.43Hold144.1735
25-AprAvon ProductsUSQ12.22Outperform92.566,561
25-AprMasterflexDFY1.00Buy10.656
25-AprP&O Princess CruisesGBQ12.44Outperform1034.031924
25-AprRegusGBFYNo ratingNo rating1
25-AprRohwedderDFY3.00Hold10.75
25-AprSigma TechnologyGBFY3.00Hold1

Insider trader - 24 Apr 2003 09:03 - 52 of 95

This table indicates how broker recommendations for key FTSE 100 companies have changed in the last 24 hours. It details how great the rating change has been and reasons for this change. The consensus recommendation gives a numerical rating where 1=Buy, 2=Outperform, 3=Hold, 4=Underperform and 5=Sell.
 22nd Apr23rd AprChangeConsensus RatingBroker Change
Allied Domecq2.612.83arrowdown.gif-8.4%HoldAhead of tomorrow's interim results HSBC reiterates "reduce" rating as it believes the risks are on the downside, while DKW says "buy" but continues to prefer rival, Pernod Ricard
AstraZeneca2.432.44arrowdown.gif-0.4%OutperformRating moves slightly ahead of Q1 figures out next week and on positive Q1 figures from US peer Eli Lilly
BHP Billiton2.452.5arrowdown.gif-2.0%OutperformQ3 trading report reveals a weak performance in oil and gas and a stronger than expected performance from mining assets, prompting a "reduce" rating from Investec
Friends Provident2.732.81arrowdown.gif-2.9%HoldLehman initiates coverage with an "underweight" rating, as it believes that, without a recovery in equity markets, FP will find it tough to compete in the UK market
GlaxoSmithKline2.92.92arrowdown.gif-0.7%HoldRating slips as BSCH and CDC Ixis reduce full year forecasts ahead of next week's Q1 results
Legal & General2.572.63arrowdown.gif-2.3%HoldLehman initiates coverage with "underweight" rating, as the broker fears LGEN will use its capital strength to support an unsustainable dividend payment
Reuters3.63.60.0%UnderperformShares lift as the UK market, European media sector and the investment banking community rise. However in spite of being one of the main risers on the FTSE today its rating sticks
Sage2.973arrowdown.gif-1.0%HoldUBS downgrades to "neutral" as the broker highlights the negative underlying license momentum and the unimpressive organic growth rate of 2-3%
Scottish & Newcastle2.963arrowdown.gif-1.4%BuySmith Barney points out that fears of a dividend cut will continue to hang on the shares until the cut is announced or until substantial cash flow improvements are seen
WPP3.043.040.0%HoldWilliams says "hold" ahead of WPP's Q1 revenue figures on Friday. The broker expects revenue to be slightly down but the outlook to be brighter as improvements are seen in advertising market, but it adds the group will remain vulnerable to company specific problems

Insider trader - 28 Apr 2003 07:26 - 53 of 95

The broker ratings are overall consensus figures derived from Multex Global Estimates reports. The EPS, EBIT and revenue estimates relate to the full-year and therefore do not necessarily correlate to the reporting period indicated. The consensus recommendation gives a numerical rating where 1=buy, 2=outperform, 3=hold, 4=Underperf. and 5=sell.
UK, US and European results this week
Result DateCompany nameCountryResultsConsensus RecNo AnlEPSRevenue
28-AprAmbientGBFY2.00Outperform2
28-AprMacdonald's CorpUSQ12.61Hold181.3215,828
28-AprPPL TherapeuticsGBFY3.25Hold4-10.101
28-AprProcter & GambleUSQ31.73Outperform114.0643,060
28-AprABBCHQ13.52Hold290.1825051
Tuesday
29-AprABN AmroNLAGM2.39Outperform381.59
29-AprAlexandraGBFY2.00Outperform28.1074
29-AprAllianzDAGM2.95Hold232.80
29-AprBASFDQ12.43Outperform282.5733025
29-AprBijou BrigitteDFY1.50Buy/Outperform25.43119
29-AprBookham TechnologyGBQ13.00Hold7-30.20100
29-AprBPGBQ12.88Hold3229.00108921
29-AprBritish American TobaccoGBQ12.38Outperform1667.5411382
29-AprCewe Color HoldingDFY1.67Outperform32.69450
29-AprE.I. DuPont de NemoursUSQ12.38Outperform161.8125,314
29-AprEuropean Motor HoldingsGBFY2.33Outperform314.50450
29-AprFraportDFY2.22Outperform231.751942
29-AprHawesko HoldingDFY & Q12.75Hold41.64278
29-AprIDS ScheerDQ11.85Outperform130.45197
29-AprInfineon DH13.13Hold38-0.365943
29-AprJenoptikDFY2.50Outperform110.842086
29-AprMcGrawHill Companies IncUSQ12.68Hold133.204,994
29-AprMerckDQ13.31Hold261.637686
29-AprNorthop Grumman CorpUSQ12.11Outperform183.8125,482
29-AprOxford GlycosciencesGBFY3.42Hold15-58.4014
29-AprSAP Systems IntegrationDQ12.50Outperform/Hold140.71302
29-AprSartoriusDFY2.00Outperform10.43493
29-AprSyzygyDQ12.00Outperform30.1916
29-AprTakktDQ12.67Hold60.63814
29-AprWestburyGBFY2.11Outperform957.90773
Wednesday
30-AprAberdeen Asset Management GBH12.50Outperform/Hold79.89
30-AprAdidas-SalomonDQ12.24Outperform265.756850
30-AprAstraZenecaGBQ12.43Outperform4599.0711030
30-AprBlacks LeisureGBFY1.67Outperform922.90217
30-AprCelaneseDQ12.39Outperform181.994596
30-AprClear Channel CommunicationsUSQ11.80Outperform251.278,765
30-AprDeutsche BankDQ12.70Hold372.69
30-AprDuke Energy CorporationUSQ13.17Hold241.3920,403
30-AprE.ONDAGM2.35Outperform343.9745419
30-AprExelon CorporationUSQ12.53Hold174.9015,640
30-AprGame GroupGBFY2.62Hold135.94531
30-AprGFKDFY2.00Outperform81.10597
30-AprGlaxoSmithKlineGBQ12.92Hold3981.8121701
30-AprIntershop CommunicationsDQ13.50Hold/Underperform3-0.0549
30-AprMetroDFY2.34Outperform301.4754267
30-AprPressacGBFY3.00Hold21.00134
30-AprRugby EstateGBFY3.33Hold389.60
30-AprScheringDQ12.11Outperform382.555266
30-AprSchwarz PharmaDQ12.22Outperform95.961941
30-AprSplendid MedienDFY5.00Sell1-3.4436
30-AprThe Southern CompanyUSQ12.86Hold211.8410,811
30-AprWhitbreadGBFY2.50Outperform/Hold1850.251868
Thursday
1-MayImperial Chemical IndustriesGBQ12.68Hold1917.155841
1-MayJennings BrothersGBFY3.00Hold116.4017
1-MayJohn David GroupGBFY3.50Hold/Underperform824.69406
1-MayPhytopharmGBH12.40Outperform5-10.102
1-MayShilohGBFY1.00Buy111.3045
1-MayShire PharmaceuticalGBQ12.63Hold1934.37744
1-MayThompson CorpUSQ12.56Hold161.148,020
1-MayTyco International LtdUSH11.67Outperform121.4330,077
1-MayThe Walt Disney CorpUSH12.41Outperform290.6426,749
Friday
2-MayGiardino GroupGBFY2.50Outperform/Hold27.4024
2-MayShell Transport &TradingGBQ12.50Outperform/Hold2627.4696288
2-MayUnileverGBQ12.05Outperform2241.4131434
This table indicates how broker recommendations for key FTSE 100 companies have changed in the last 24 hours. It details how great the rating change has been and reasons for this change. The consensus recommendation gives a numerical rating where 1=Buy, 2=Outperform, 3=Hold, 4=Underperform and 5=Sell.
 24th Apr25th AprChangeConsensus RatingBroker Change
Amvescap3.363.43arrowdown.gif-2.1%HoldDKW downgrades rating to "sell" as the broker feels the stock's recent strength following the rally in US equities provides an opportunity to sell.
Anglo American2.672.71arrowdown.gif-1.5%HoldSmith Barney lowers its rating to "underperform" as the broker believes that BHP Billiton's and Rio Tinto's exposure to higher margin commodities will allow them to outperform Anglo American
AstraZeneca2.482.49arrowdown.gif-0.4%OutperformAhead of Q1 results on 30th April brokers remain divided, ranging from Williams who say "sell" to UBS who says "buy. Given the division the rating continues to falter.
British Land2.152.23arrowdown.gif-3.7%OutperformCSFB's recent look at the property market has shown that the several key property areas have continued to weaken. CSFB revises its forecast on British land to "neutral" as a result
Canary Wharf33.11arrowdown.gif-3.7%HoldCWG is also downgraded by CSFB to "underperform" as part of the broker's review of the property sector, which highlighted CWG's key market in Central London as one of the markets that has weakened
Granada2.782.86arrowdown.gif-2.9%HoldTV forecast advertising figures for June reveal a further decline in the advertising market. Merrill notes that comparables were tough, but admits that after its strong run recently GAA may suffer as this news filters through the market
Hilton Group2.822.91arrowdown.gif-3.2%HoldConditions in the hotel sector are expected to remain volatile in the short term following the war in Iraq and now the SARS virus, which in turn causes the ratings for key hotels stocks to suffer
Liberty International3.213.14arrowup.gif2.2%HoldFollowing its strong first half performance in shopping centres, CSFB has upgraded its rating to "neutral" from "underperform"
Prudential2.72.70.0%Awaiting ChangeMorgan Stanley has downgraded PRU following its concerns for the group's tight cash flow
Vodafone2.122.11arrowup.gif0.5%OutperformMerrill reiterates its positive view on the European telecom market and Deutsche also issues a positive note on the telecom giant in which it lifts its forecast ahead of FY results on 27th May

Insider trader - 29 Apr 2003 07:23 - 54 of 95

This table indicates how broker recommendations for key FTSE 100 companies have changed in the last 24 hours. It details how great the rating change has been and reasons for this change. The consensus recommendation gives a numerical rating where 1=Buy, 2=Outperform, 3=Hold, 4=Underperform and 5=Sell.
 25th Apr28th AprChangeConsensus RatingBroker Change
Anglo American2.712.81arrowdown.gif-3.7%HoldAs part of a review of the mining sector Williams de Broe has downgraded Anglo American to "hold"
BHP Billiton2.52.6arrowdown.gif-4.0%HoldAlso as part of its mining review Williams lowers BHP to "sell", adding that falling oil prices and a drop in oil production is expected to cause BHP to underperform the sector
BP2.882.84arrowup.gif1.4%HoldBP's rating lifts as many brokers reiterate positive stances on the stock ahead of tomorrow's Q1 figures
BT Group2.62.62arrowdown.gif-0.8%HoldRating falters as press reports indicate that BT could be back on the acquisition trail
Dixons2.522.54arrowdown.gif-0.8%HoldHopes that it won't be penalised following the probe into the extended warranty market caused the shares to lift, but trading conditions remain tough and the consumer outlook is uncertain. This situation has prompted downgrades from CSFB ("neutral") and Merrill ("sell") and upgrades from Deutsche ("buy"), DKW ("add") and Goldman Sachs ("outperform")
Intercontinental Hotels2.42.5arrowdown.gif-4.2%OutperformMorgan Stanley initiates coverage with an "equal weight" rating as it sees strong growth potential. However tough trading conditions and concerns over whether it is a potential takeover target continue to plague the stock
Next2.742.83arrowdown.gif-3.3%HoldDKW downgrades to "hold" as it predicts H1 profits will be down given the retailer's tough comparables and the increasing competition
Rio Tinto2.822.91arrowdown.gif-3.2%HoldWilliams downgrades to "hold", but adds it will suffer less than peers given its lack of exposure to South Africa
Vodafone2.112.03arrowup.gif3.8%OutperformNomura upgrades to "buy" as it expects VOD's full year figures (late May) to exceed expectations
WPP Group3.042.96arrowup.gif2.6%HoldWilliams upgrades to "buy" based on better than expected Q1 advertising data from the US

Insider trader - 23 May 2003 07:42 - 55 of 95

This table indicates how broker recommendations for key FTSE companies have changed in the last 24 hours. It details how great the rating change has been and reasons for this change. The consensus recommendation gives a numerical rating where 1=Buy, 2=Outperform, 3=Hold, 4=Underperform and 5=Sell.
  21st May 22nd May Change Consensus Rating Broker Change
Abbey National 2.83 2.75 arrowup.gif 2.8% Hold WLBP reiterates its "buy" rating despite the shares climbing 50% in recent weeks. It has set a 646p target price.
British American Tobacco 2.38 2.44 arrowdown.gif -2.5% Outperform A Florida court's decision to overturn the original ruling against BAT cause Deutsche to up its target price to 710p from 670p. But Goldman Sachs downgraded to in-line from outperform believing there is little room for improvement.
Compass Group 2.25 2.2 arrowup.gif 2.2% Outperform Morgan Stanley ups its rating to Outperform with a 345p target price, believing we will see another year of strong operational performance.
Dixons 2.65 2.59 arrowup.gif 2.3% Hold Merrill Lynch restates its "sell" position as trading remains tough and downside risks remain.
Great Universal Stores 2.41 2.35 arrowup.gif 2.5% Outperform UBS Warburg, DKW and Deutsche Bank all reiterate their positive ratings ahead of next week's results.
Granada 2.71 2.64 arrowup.gif 2.6% Hold Investec restates its "buy" rating and 135p target following the results. Meanwhile Merrill lowers revenue targets but raises earnings and profit numbers to reflect improved efficiencies.
Marks & Spencer 2.85 2.77 arrowup.gif 2.8% Hold Teather & Greenwood ups its rating to "hold" believing shares are recovering and cashflow is strong enough to support a buyback programme. Charles Stanley reiterates its "buy" rating.
National Grid Transco 2.42 2.18 arrowup.gif 9.9% Outperform JP Morgan lowers its fair value estimate to 515p from 556p to reflect adverse US dollar movements. HSBC reiterates its "buy" rating and 475p target price despite NGT's 7% premium to the sector. It believes NGT's share buybacks limit the downside risk.
Reuters 3.59 3.26 arrowup.gif 9.2% Hold Morgan Stanley moves to "overweight" from underweight and increases its target price to 220p from 130p. It is now more optimistic over product improvements and competitor capacity and believes outstanding risks to forex and pricing are already reflected in its estimates. WLBP also ups its rating to "buy".
Rolls-Royce 3.47 3.56 arrowdown.gif -2.6% Hold CSFB reiterates its "underperform" rating because of concerns over a owrsening travel industry postion.

Insider trader - 24 May 2003 21:17 - 56 of 95

  23rd May 27th May Change Consensus Rating Broker Change
Allied Domecq 2.71 2.63 arrowup.gif 3.0% Hold Williams de Broupgrades Allied to "buy" as it is now the preferred beverage play ahead of SABMiller
BT Group 2.68 2.59 arrowup.gif 3.4% Hold Many brokers amend their estimates following the telecom group's results last week. Deutsche ups sales, PBT and EPS targets, whereas Exane lowers all three. JP Morgan lowers sales but ups EPS. WLBP reiterates "buy" rating and 240p target price, heartened by the improvement in net debt position. Meanwhile, Lehman adds BT as a short to its European monthly focus list.
Hanson 2.83 2.72 arrowup.gif 3.9% Hold Teather & Greenwood ups its rating to "buy". Meanwhile, Smith Barney notes that Hanson has made greater provision for potential asbestos risk relative to its liabilities than peer, Saint Gobain.
Royal & Sun Alliance 3.13 3.17 arrowdown.gif -1.3% Hold Goldman downgrades to "in-line" from outperform following the share price rally that occurred on the back of better than expected results, believing there is lmited upside to the current value.
SABMiller 2.89 3.11 arrowdown.gif -7.6% Hold Lehman lowers its rating to "underweight", ABN Amro lowers to "sell" following the revelation that management expects Miller's decline to continue a further two years.
Scottish & Newcastle 2.79 2.71 arrowup.gif 2.9% Hold Williams de Broups rating to "buy" but HSBC still says "reduce".
Tomkins 2.82 2.76 arrowup.gif 2.1% Hold Deutsche upgrades to "hold" following the first quarter results and ups the target price to 192p from 155p. Meanwhile, UBSWarburg downgrades to "neutral" following a recent strong performance by the shares. UBS maintains its 240p target price.
MM02 2.56 2.59 arrowdown.gif -1.2% Hold Goldman downgrades to "in-line" from outperform. It believes there may be upside potential if 02 were to sell its German business but does not view this as imminent enough to compensate for the increasing competitive risks the company faces.
3i Group 3 3.2 arrowdown.gif -6.7% Hold Bridgewell upgrades stock to "overweight", believing its upside potential is ideal for those wary of the recent rally some "long-only" financial stocks have experienced
Vodafone 1.95 1.97 arrowdown.gif -1.0% Outperform WLBP says "outperform" ahead of results with a 140p target price. CSFB thinks the shares could rise to 130p if the euro holds against the pound. Oddo thinks earnings will be "decent" but Cazenove thinks Germany is a "notable risk" to ARPU levels.
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