A Brief Look At The Week Ahead

It is time again for the Bank of England's Monetary Policy Committee to hold its monthly deliberations to decide on interest rates. The discussions on Wednesday and Thursday are expected to focus very much on the continuing weakness in the UK retail sector. UK PLC is seen as ticking over quietly, neither performing well enough to raise inflationary fears nor poorly enough to trigger calls for a rate cut. All signs point to the MPC keeping rates steady at 4.5% for the eighth month in a row. Only one of the committee's nine members, Steve Nicholl, voted for a cut at last month's meeting. Wizardry will be back in vogue on Tuesday when Bloomsbury Publishing, which prints the Harry Potter series, is set to maintain its prediction in January that pre-tax profits for the year would be 20m. The company has benefited from strong sales of Harry Potter and the Half-Blood Prince, J K Rowling's latest book about the adolescent wizard, which was released last year. News from the author that the next, and final, book in the series is progressing well will please investors. Signet, owner of H Samuel and Ernest Jones jewellery chains, reveals its annual results on Wednesday. Panmure Gordon is expecting the group to report a 15%yearly rise in operating profit from the American business, which includes Kay Jewellers, and a 40% drop in operating margins in the UK, as the sluggish retail market continues to drag it down. The results could rekindle speculation that investors may be better served if the group split itself into two companies. The jeweller is expected to unveil 196.6m in pre-tax profits, down from 220m the year before. NTL is expected to finally launch its offer for Virgin Mobile this week. This 970m deal, valuing VMOB at 372p per share, first surfaced at the end of November, and was agreed in principle when Sir Richard Branson said he'd take less than other investors to push it through. In a relatively thin week, other companies under scrutiny will include Egdon Resources on Monday, Bellway and Resolution on Tuesday; Henry Boot on Wednesday, with Chelford and Innovation on Thursday. On the face of it, a quiet week. But I'm sure there will be one or two surprises springing up to take advantage of. Good hunting! Greystone (Greystone is Alan English, City Editor at MoneyAM.)

This is my selection for the "UPS" this week CEY

Share	Volume	Chart	News	Various
CEY price 31.375p	A huge volume last Friday about 8 times the usual 3er largest for the last year	Is continuing the uptrend on the chart after 5 weeks of retracement should be into a new BREAKOUT very soon as MACD just done a bullish crossover	Last Friday's 20.6M placing @ 27.5p was well received by the market, the funds raised will secure the development of the Sukari mine with processing facilities for 5M oz per Year. Gold trading at a 25-year high of $586	Brokers were recomending this mining stock to go higher last Friday at "Master Investors conference" after positive feed back from the Managing director

          JOKE OF THE DAY

A blind man enters a lesbian bar by mistake.
He finds his path towards the counter and orders a drink.

After a while he shouts to the waitress:
" Hey would you like to hear a good joke on blondes? ".

Big silence! With a deep raucous voice,
the lesbian on his left says to him:
" Before you tell your joke, let me tell you something.
The waitress is Blonde, the bouncer at the gate is blond
and I am a 200lb, 6'1'' blonde with a black karate belt .
The girl at my left is blonde and can lift her weight.
The girl on your right is blonde and is a professional wrestler.
Think twice guy.

Do you still wish to tell your joke? "
" No " says the blind man " I would have to explain it 5 times. "

    

Chart for CEY

Good morning traders!

In Asia today, the Hang Seng Index ended the morning up 165.66 points at 15,970.70, while the Nikkei was recently ahead 283.59 points at 17,343.25.

New York's main oil contract, light sweet crude for delivery in May, was down 10 cents at $66.53 from its close of $66.63 usd in the US on Friday.

Hope you all have a good start to the week!

G.

ITV UPGRADED TO 'EQUAL-WEIGHT' FROM 'UNDERWEIGHT' BY MORGAN STANLEY
EUROPEAN AIRLINE SECTOR UPGRADED TO 'NEUTRAL' FROM 'CAUTIOUS' BY GOLDMAN SACHS

Morning all.

Good morning all

Shares moving higher this morning

CEY 33p +1.50p
moving into a BREAKOUT

ZBA 4.25p +0.25p
Weekend press and demand last Friday

DAG 44p +2p
new contract wih Ladbrokes

Morning all.

Another one for today...

"UPS" (Added by Master RSI on Mon 03 Apr 09:44 am)
SPS - Mid 13.5p
Reason - The company anticipates growth in 3D mobile game royalty revenues willcontinue into the 06/07 financial year and early royalty revenue numbers for February and March 06 are tracking to plan, it retains a strong balance sheet with cash of 12.7 mln stg.

Midday Market Summary

       LUNCH TIME FUN

Could someone advise if FTT would be a buy at this point?

britshare - Buy or not, the chart for FTT shows a great story of growth....



I suspect most watchers would like to see it spend more time above 235p before committing themselves....

Wish I'd bought some last May... ;-)

G.

Thanks Greystone.
I am a watcher, but looking to buy in. I think FTT will accelerate soon. My target is 290p by the end of May interims.

End-of-day Market Summary

           JOKE OF THE DAY

One morning while she's making breakfast,
a man walked up to his wife and pinched her
on her butt and said,
"You know if you firmed this up we could get rid of your girdle."

While this was on the edge of intolerable,
she glared at him and replied with silence.

The next morning the man woke his wife
with a pinch on the breast and said,
"You know if you firmed these up we could get rid of your bra."

This was beyond a silence response,
so she rolled over and grabbed him by the penis.
With a death grip in place she said,
"You know if you firmed this up
we could get rid of the postman, the gardener,
the pool man and your brother."