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Traders Thread - Wednesday 25th February (HBOS)
Crocodile - 24 Feb 2004 20:18
| UK PreMarket Futures | FTSE +2 | DAX Unch | DOW +7 | S&P +-0.6 | Nasdaq +1.5 |
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US Stocks fell for the fifth day on worries that prices may be getting too high, particularly in the tech sector. Heineken earnings flat & it warns that the dollar will hit next years earnings. HBOS reported a 29 percent rise in profit to 3.77 billion pounds, near the top of market expectations, and predicted higher shareholder returns starting this year. Aviva the UK's largest insurer annual profit rose 11 percent to 1.907 billion pounds following cost cutting. A strong second half pushed it ahead of market forecasts of around 1.7 billion pounds.The group recommended a final dividend of 24.15 pence, an increase of five percent from the previous year. Anglo American global mining and packing reported a four percent fall in annual profit but within market expectations. They were hit by currency markets, but have predicted good growth for the year ahead. Marks & Spencer will today open the doors of its new home products store in Gateshead hoping to become a leader in the market. Wilson Bowden housebuilder reported annual profits of 223.3 million pounds up 25 percent which met forecasts. Novar building materials group profit falls 10% and it warns future earnings will be hit by the weak dollar Michael Page recruitment posted a 28 percent decline in annual profit to 23.5 million pounds but within analyst forecasts. They forecast an improvement in the UK, Asia Pacific and the Americas but persistent weakness in Europe. RAC reported a 24 percent acceleration in annual profits on Wednesday and said it expected continuing growth in 2004. BBA aviation services and specialist materials firm posted a better than expected five percent fall in full-year pre-tax profits. |
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Anglo American (F), Aviva (F), BBA Group (F), Domnick Hunter (F), Hardy Underwriting(F), HBOS(F), Isotron (F), Michael Page (F), Morse Holdings (F), Novar (F), Paddy Power (F), RAC (F), Reed Health (F), Spirent (F), TDG (F), Urbium (F), Wilson Bowden (F), Brambles Industries Dickinson Legg (I), Isotron (I), Morse Holdings (I), Reed Health (I), Aukett Group (AGM), Capcon Holdings (AGM), Leeds Group (AGM)9:30 UK Q4 GDP First Revision |
Big Lots (Q4) TJX Companies (Q4) Tiffany and Co (Q4) 13:00 Existing Home Sales (6.45M) 15:00 Alan Greenspan, testify's |
Altadis, Heineken |
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Ex Dividend: Amstrad PLC 1.5, Barclays PLC 13.45, Beale Plc 2.2, CRC Group Plc 4.5, Filtronic Plc 0.9, Heath (Samuel) & Sons Plc 5, Mountview Estates Plc 44, Oxford Instruments Plc 2.4, Whittard Of Chelsea Plc 1, Wintrust Plc 8.6 |
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Crocodile - 25 Feb 2004 07:39 - 5 of 14
Douggie - 25 Feb 2004 08:50 - 6 of 14
Melnibone - 25 Feb 2004 08:54 - 7 of 14
FTSE hasn't used the US falls to go much lower,
US markets have a 5 day losing streak that are
due a turn.
Barc dropped as expected so I've bought back for
a second bite of the cherry this morning. Might
take to Friday to make it up, but BARC is a stock
that I don't mind holding anyway.
Melnibone.
smithy - 25 Feb 2004 08:57 - 8 of 14
little woman
- 25 Feb 2004 09:30
- 9 of 14
Not staying, on snail line at the moment - taken me and hour just to get to this point!
Melnibone - 25 Feb 2004 10:08 - 10 of 14
Ref HBOS, Bloomberg are reporting that in an effort
to increase customers that they are reducing rates
to borrowers and increasing rates to savers.
This will decrease their margin.
This is a little unusual, banks usually try and screw
their customers by doing exactly the opposite. :-)
Perhaps the City is in a state of shock. ;-)
Melnibone.
seawatcher - 25 Feb 2004 11:21 - 11 of 14
Spot on! Reprogramming of banking sector analysis models now necessary!
sw
smithy - 25 Feb 2004 12:23 - 12 of 14
It's true that Halifax are launching a new table-topping savings account paying 6%. But it comes with strings attached - eg you have to sign up for a year and you can't invest more than 250 a month. To my mind this is a good move. It will get good publicity and there will be lots of takers.
Unlike you, I find movements in the price of banking stocks unfathomable. I work on the assumption that if you buy at a middling price you will make a profit some time in the not too distant future!
smithy
stockbunny
- 25 Feb 2004 14:40
- 13 of 14
on that other account and are you tied to it for any period of time -
like a(nother) year?? 6% is mighty high to offer when offering 5% alone on the
High Street I would think would bring in fair business right now...
Can sympathise Smithy - I too was looking for HBOS to go up-
still you can always look forward to the divi!!
Melnibone - 25 Feb 2004 16:24 - 14 of 14
more SHEL profits. Market isn't accelerating up
as much as I'd hoped. Maybe a pullback in the morning
if US breaks below 10600 again.
Time for a coffee and then play the S@P with my spreadbetting
account when it settles post Greenspan.
Melnibone.
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