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KLM carried 8% more traffic last month on increasing signs that International long haul traffic is increasing. Sainsbury shares may rise on buyout rumours. Marks & Spencer may say that growth has stalled when it reports Q4 sales later this month, Chief Executive Roger Holmes may have concluded that the recovery instigated by Chairman Luc Vandevelde has finished and further growth requires "radical change". Last week they announced they would shed about a fifth of its head office and financial services' workforce. Brascan has extended its offer for British property firm Canary Wharf by six days until April 8 Carillion (CLLN) has signed a five year agreement with railway operator Network Rail for the renewal of tracks, switches and crossings. The contract, which starts this month, is valued at around 50 million pounds in the first year. Balfour Beatty (BBY) has been awarded a number of five-year track, switches and crossings renewals contracts likely to be worth more than 500 million pounds with 113 million pounds in the first year.

Calendar: United Kingdom	United States (GMT)	Europe & World (GMT)
Burren Energy (F), Chaucer Holdings (F), Havelock Europa (F), Zi Medical (F) British Airways (Traffic Update) 08:30 Feb Industrial Production,Manufacturing Output	15:00 ISM Services Mar - 61.0	Koenig & Bauer (F), KLM (Traffic Update)

Data Download	Calendar	US Zone	HTML Edit		Currency Calc			Broker Upgrades	Director Dealings
David@SnappyTrader.com    www .SnappyTrader.com		Pre Market Futures	FTSE +5	DAX +10	DOW +12	S&P +0.6	Nas Unch	Tips & Recommendations

Mel

Skp have finally announced the European Depomorphine deal and the price is now testing the 68p resistance. 2 more deals (hopefully) and a horrible set of results to come - could be an interesting few weeks - any views appreciated

Good news for you, at last, Fundamentalist.

As you say, one down two to go.
The shift to royalties rather than reliance on Lump Payments
should help to smooth earnings flow and allow analysts to
make more accurate future revenue flow forecasts.
This may take some of the wilder volatility swings out
of the shareprice.

Seeing as you are LTBH, I see no reason for you to change
your stance now that the deals you have been waiting for
are starting to materialise.
Just follow your own strategy, it would seem to be serving
you well enough so far. :-)

Melnibone.

ETL up 2.25p?

Thanks Mel,

The only reason I would have changed my stance was if the deals had failed to materialise yet again. As for the shift towards royalties and away from milestone paymnts is a huge advantage and will over time remove the huge volatility in results and share price. Looking forward to the next two deals and getting past last years results with renewed confidence

Anyone got any views on the CMC(D4F) changes?

I don't think that it will affect me with the way
I manage my account and margin requirements, but I'm
not entirely comfortable with signing up to new conditions
that allow them to close positions and 'Fine' me 200
for doing so.

I think that I would be signing away my legal rights to any
form of redress.

I'm trying to see it from their point of view but am struggling
to find a positive advantage for clients in this change.
And if it's not positive for clients then it must be positive
for the company.
Otherwise, why have all this negative publicity for no gain?

Any views welcome.

Melnibone.

I'm not the best person to ask about the CMC changes - as I closed my account - it was bad enough that they were able to close positions without letting you know before - and they closed everything, not just one position. But to "fine" you as well - do they want to keep business! Or are they just looking for "muppets" who open accounts, open positions, wipe them out, by closing them, then stop them from taking whats left by fining them! And in some cases creating a debt! Are they going to send the debt collectors in and blacklist people too?

I presume you are doing CFD's Melnibone? Or does this included spreadbetting?

Thanks for the reply, little woman.
I trade CFD's with them, but I think that the new rules
cover all accounts with them.

The following says to me, that if they wish, they can do
anything they want.

32.2 Following the happening of a Specified Event, CMC shall have
the right to:
(b) charge or debit the Customers Account with an
administration fee in the amount of 200.00 in respect of
each Specified Event;

......................
Specified Event means any of the following:
(k) the Customer fails fully to comply with any obligations under this
Agreement or any Contract;
.............................


5. CMCs rights to limit or close the Customers positions
5.1 CMC shall have the right, whether with or without prior demand,
call or notice, and in addition to any other rights it may have under
this Agreement:
(a) to close out all or part as CMC reasonably considers appropriate
of the Customers open positions:..
...........................................
5.3 In relation to CMCs right to close out all or part of any open
Contract in the circumstances specified in clause 5.1(a) above,
the Customer accepts that CMC may close out which of the
Customers positions and in what proportion that it decides in its
absolute discretion.
.................................................

It's probably all just 'Legalese' for their protection.
But It leaves me with an uncomfortable feeling.

Edit: Just put some dots in to show that these are clauses that
I've picked out, not the entire consecutive wording.

Hope I'm not frightening anyone here. I'm just trying to be careful.
As I've said before, I've never really had any problems with CMC
and always found them to be fair and polite.
Just can't understand this 200 charge they are introducing.
Maybe as Croc has commented, a lot of traders got margined out
recently and maybe they had some legal problems with disgruntled
clients and are just covering themselves for the future.

Melnibone.

Just cant get Sainsbury right, grrrrrrrr

Hello Crocodile and happy Easter to all

I enjoy reading this post as an aid to improving my knowledge in this great game
Unfortunately, I'm a working girl so can only dabble occasionally.
Have recently tried out this spread-betting, just small amounts, and find it lots of fun if nerve-racking. Made a small win with LLOY last week mainly due to comments read on this board, so thanks to you all

Ruthie

Poor old Bill Gates has now moved down to No. 2 richest man in the world. He's only worth $47 billion whilst boss of IKEA is worth $53 billion.

Melnibone - you should look at switching to spread betting. I've seen a couple of other companies accounts with spread betting, which I think is better than CFD's as they provide more "options".

On Friday, E-trade offered a special deal for new accounts, which included direct access CFD trading (L2 order book trading using CFD's!) They charge commission, but less than I thought they would. I think croc can get you the reduce comm deal, if you contact him.

Thanks, little woman.

I've got a spreadbetting account with Capital Spreads which I use
for the S@P.

I'm flat on my CMC account at the moment, so I think I may just
spreadbet the S@P whilst I wait and see if these condition changes
amount to a change in policy or are just 'Legalese bottom covering'
by CMC.
I suspect that's all it is, I'm the naturally suspicious sort that
tends to read the 'Devil in the Detail', and always assume that folk
are working out ways to part me from my 'Worldly Goods' until proved
otherwise. :-)

Melnibone

Thanks Ruthie, Testex and all the new posters who have said hello!

testex-sorry have been out and now a bit behind, looking to 520 dow, think its out of fuel short term, i,m more bullish med term though!

Lol Testex.

Anyone stumbling across this thread will think we're
a couple of perverted nutters. :-)

Ref your earlier Dow question, DOW and S@P are trading within
the range they traded in on Friday after they settled from
the strong open.
Need to watch for a break from these ranges for direction IMHO.

Maybe the ISM figures will give direction. Market is still squaring
positions in readiness for the Easter break, IMHO, where it wants
to end up requires a Delorean to find out prior to the event. ;-)

Melnibone.

A few weeks back, I bought a few DES (Desire Petroleum).....in case there is anyone on here who is interested, it is up 8.77% today.

Well done Vasey
Long DOW 10460, looking interesting after the good data earleir, also in a nice up channel.

60+ posts, must be a record. It'll be interesting to see how many post tommorrow

61:)

I always read your interesting thoughts and thread croc. Just 2 points: Any takeover of Sainsburys will have to get past the massive holding of the Sainsbury family.The family may be happy to collect the 6% div and tolerate the appalling performance of the executives.PHS is a service company busy buying up smaller cleaners etc like Mitie and Rentokill but the sare price is stuck in treacle.