A Brief Look At The Week Ahead

It promises to be a bumpy week, with the list of winners and losers about to emerge from the FTSE's quarterly reshuffle and key interest rate decisions to be made in the UK and Europe, with the European Central Bank expected to increase rates again, but the BoE expected to hold off for another month or two. Budget airline Ryanair jets into focus on Tuesday, with the market expecting a solid 11% increase in pre-tax profit to 330m. Some analysts are even more upbeat, looking for a 341m result from the Irish carrier. However, Ryanair does not hedge its fuel costs and will find it difficult to avoid passing these rising prices on to its customers which could seriously hamper progress. On Thursday Halfords will post a full-year pre-tax profit of around 77m with margin pressures hitting the bottom line. Since reaching a 355p high last year, the shares of the car parts and bicycle retailer have slumped by 17%, largely due to April's shock profit warning. Analysts predict a 3% decline in gross margin in 2006, with further weakness to come though in 2007. Niche jeweller Theo Fennell is set to report a sales-led surge in pre-tax profit on Monday as its revamped lines have struck a chord with the groovy set. In the same arena Signet, which owns Ernest Jones among other jewellery chains, will post a marginal Q1 pre-tax profit increase to 29m when it comes to the market on Friday. The outlook looks increasingly challenging given that more than 75% of Signet's sales are derived from its US business. The group is exposed to the depreciating dollar and soaring precious metal prices, not all of which it can pass through to shoppers. Other companies in the limelight this week include Chloride on Monday; Carphone Warehouse and severn trent on Tuesday; Gooch & Housego on Wednesday with Whitehead Mann on Thursday. Plenty of variety on the cards again this week. Hold on to your hats! Good hunting! Greystone (Greystone is Alan English, City Editor at MoneyAM.)

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

Share	Volume	Chart	News	Various
RIFT price 7p	Large volume for the last couple trading days	Indicators rising from oversold, there is support at 6.50p	Gas discovery last Thursday at Papua New Guinea has a 65% interest on the well were a pressure measurements suggest very good quality reservoir in addition there are a number of other prospects within the permit	Still has most of the 18M cash from the placing on coming to AIM, a drilling rig and propects of gas condensate. Share price reached 12p on the news, now languising at 7p

2 weeks bollinger bands, MACD
3 month with MA and Indicators

           JOKE OF THE DAY

A beggar walked up to a well dressed woman shopping
on Rodeo Drive and said :

"I haven't eaten anything in four days."

She looked at him and said,

"God, I wish I had your willpower."

Good morning traders!

In Asia today, the Hang Seng ended the morning up 113.65 points at 16,026.36, while the Nikkei was recently down 99.18 points at 15,690.13.

New York's main oil contract, light sweet crude for July delivery, was up $1.14 at $73.47 a barrel from its close of $72.33 in the US Friday. Brent North Sea crude for July delivery was at $72.20, up $1.17.

Early broker notes:

MISYS UPGRADED TO 'BUY' VS 'HOLD' AT DEUTSCHE BANK
AVIVA UPGRADED TO 'BUY' FROM 'HOLD' BY DEUTSCHE BANK, TARGET 893P VS 935
CRODA DOWNGRADED TO 'SELL' FROM 'HOLD' BY CITIGROUP, CUTS TGT TO 400P VS 500
DIAGEO UPGRADED TO 'BUY' VS 'NEUTRAL' AT MERRILL LYNCH

Happy trading!

G.

Good morning all from a very sunny North Wales.

Alan,

The sun has finally come out on the costa del 'gloucestershire'.

Murky here, but setting off down to the home off the soft southern jessies right now.
Succesful trading all. Speak to you Wednesday.

AEX 36 - 37p +3p

further move at both sides
Chart is looking good as is on the bounce, and still a long way from last April intraday high of 50p


Was "UPS" early this morning after the news

"UPS" - Mon 05 Jun'06 07.55am - AEX 33.50p - Master RSI
President Mubarak has now formally ratified the award of an oil concession covering Block 2 in the onshore West Esh El Mellaha area of Egypt Exploration activities are planned to commence as soon as practicable.

End-of-day Market Summary

           JOKE OF THE DAY

A drunk stumbles out of a bar and he makes
his way into the cemetery behind the tavern.
He walks right to the edge of a freshly dug grave,
loses his balance and falls in.

There's a puddle of water in the hole,
and he spends the rest of the night yelling,
"Help me, I'm cold! Someone help me, I'm cold!"

At closing time, another drunk
walks behind the bar and hears the noise.

He gets to the open grave, looks down and says,
"Of course you're cold, you idiot,
you kicked all the dirt off yourself!"

GGG 18.50 - 18.75p +1.25p

just reported a "T"" paid over the odds 19.50p, yes a premium of 0.75p for 895K

Certainly will see this price tomorrow and with it a BREAKOUT .
Share price breaking point 19.625p intraday last May

MPH 21.75 - 22.75p +1p

slowly it went into a good rise on the day,