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Traders Thread - Monday 14th June (CROC)     

Martini - 13 Jun 2004 14:28

 

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1 Day     2 Day  5 Day   UK News
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Gold/Bond Pivots Markets  Futures Translate
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Day 2 Day 5 Day US News

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S&P Futures

Nikkei +208 Hang Seng +150  Asia News
  DAX    CAC     Euro News
ukf.gif Calendar:  United Kingdom usf.gif  United States euro.gif  Europe & World
Interims CPC : Capcon Holdings Finals CAR : Carclo CRE : Creston HHR : Helphire Group MJW : Majestic Wine MYW : Merrydown RST : Radstone Technology TDM : 3DM Worldwide WKP : Workspace Group Economics UK PPI (0930 BST) Company  Falcon Products (FCP)  M&T Bank Corp (MTB)   Metal Management Inc (MTLM)  Optical Cable Corp. (OCCF)  Quiksilver Inc. (ZQK)  Riverstone Networks Inc.  Standard Microsystems Corp. (SMSC)  Stuart Energy Systems (C$)  URS Corp. (URS)  Vail Resorts Inc. (MTN)  Williams Industries (WMSI)Economic 1.30 pm BST Retail Sales 1.30 pm BST Retail Sales ex-auto 7.00 pm BST Treasury Budget EconomicAwaiting data

Martini - 13 Jun 2004 14:28 - 2 of 46

ukf.gif  Calendar: 14th - 18th June United Kingdom usf.gif United States euro.gif Europe & World
Interims CPC : Capcon Holdings Finals CAR : Carclo CRE : Creston HHR : Helphire Group MJW : Majestic Wine MYW : Merrydown RST : Radstone Technology TDM : 3DM Worldwide WKP : Workspace Group Economics UK PPI (0930 BST) Company  Falcon Products (FCP)  M&T Bank Corp (MTB)   Metal Management Inc (MTLM)  Optical Cable Corp. (OCCF)  Quiksilver Inc. (ZQK)  Riverstone Networks Inc.  Standard Microsystems Corp. (SMSC)  Stuart Energy Systems (C$)  URS Corp. (URS)  Vail Resorts Inc. (MTN)  Williams Industries (WMSI)Economic 1.30 pm BST Retail Sales 1.30 pm BST Retail Sales ex-auto 7.00 pm BST Treasury Budget EconomicAwaiting data
Interims AWI : Award International Holdings CIV : Civica GRI : Grainger Trust Finals AGP : AIT Group GSD : Goldshield Group PHY : PHS Group VED : Vedanta Resources VP. : VP AGM / EGM HOF : House of Fraser PFL : Premier Farnell WTB : Whitbread Economics UK May CPI (0930 BST) CompanyCellstar (CLST)  Circuit City Stores Inc (CC)  FactSet Research Systems Inc. (FDS)  Herley Industries Inc. (HRLY)  Landec Corp (LNDC)  Lehman Brothers Holdings Inc (LEH)  Oracle Corp. (ORCL)  Pier 1 Imports (PIR)  Vermont Pure Holdings Ltd. (VPS) Economic 1.30 pm BST Business Inventories 1.30 pm BST Core CPI 1.30 pm BST CPI 1.30 pm BST NY Empire State Index Economic Awaiting data
Finals OSH : Oasis Healthcare WDSW : Wyndeham Press Group AGM / EGM ANW : Aberdeen New Thai PNS : Panther Securities SSL : SSL International EconomicUK May/April labour market report (0930 BST) Company  Bear Stearns Companies Inc (BSC)  Best Buy Co. (BBY)  Culp Inc. (CFI)  Cytokinetics Inc (CYTK)  Ennis Business Forms Inc. (EBF)  IDT Corp (IDT/C)  Jabil Circuit Inc (JBL)  John Wiley & Sons Inc (JWA)  KB Home (KBH)  Lennar Corp. (LEN)  Medical Technology Systems (MPP)  Mobile Telesystems (MBT)  Progress Software Corp (PRGS)  Somanetics Corp (SMTS)Economic1.30 pm BST Building Permits 1.30 pm BST Housing Starts 2.15 pm BST Capacity Utilization 2.15 pm BST Industrial Production 7.00 pm BST Fed's Beige Book Economic Awaiting data
Interim Ex Dividend: BNKR : Bankers IT - 2(p), BSET : British Assets Trust - 1.3(p), DWN : Dawson Holdings - 2.8(p), LSB : London Scottish Bank - 1.7(p), ROM : Romag Holdings - 0.25(p) , SMJ : Smart (J.) & Co (Contractors) - 2.9(p) ULT : Ultrasis PLC - 3(p)Final Ex Dividend: ACL : Acal - 14(p), BKIR : Bank of Ireland (Gov) - 20.96(p), BWNG : Brown (N) Group - 4.1(p) , CNA : Centrica - 3.7(p) ,CPL : Chapelthorpe - 0.7(p), HLCL : Helical Bar - 10(p), III : 3i Group - 8.9(p), KESA : Kesa Electricals - 7.5(p), LIO : Liontrust Asset Management - 6.75(p), LMSO : London Merchant Securities - 4.4(p) , MEG : Mice Group - 1.3(p) , MRV : Murray VCT2 - 2.5(p) , MTC : Mothercare - 4(p) , MUV : Murray VCT4 - 1.2(p) , MYV : Murray VCT3 - 2(p) , , , CP : RIT Capital Partners - 3.1(p) , SVT : Severn Trent - 29.3(p) , TEF : Telford Homes - 3(p) , VIN : Value & Income Trust - 3(p) , WCW : Walker Crips Weddle Becks - 3(p) , YNGA : Young & Co's Brewery - 11.65(p)
Interims AWI : Award International Holdings GHH : Gooch & Housego FinalsAAT : AEA Technology MCKS : McKay Securities AGM / EGM ALY : Ashley (Laura) Hldgs SER : Sefton Resources SLNG : Slingsby(H.C) TBK : Ted Baker WBY : Westbury Trading Statement AL. : Alliance & LeicesterEconomic UK May retail sales (0930 BST) Company Actuant (ATU)  ADE Corp. (ADEX)  Adobe Systems Inc (ADBE)  American Healthways Inc (AMHC)  Bed, Bath & Beyond (BBBY)  CarMax Inc (KMX)  Clarcor Inc (CLC)  Entegris Inc. (ENTG)  Meade Instruments Corp. (MEAD)  Nevada Gold & Casino Inc. (UWN)  Norstan Inc. (NRRD)  Saba Software Inc (SABA)  Smucker (J.M.) Co., The Cl. A (SJM)  SOLECTRON CORP (SLR)  Spectrum Control Inc. (SPEC)  TIBCO (TIBX)  Winnebago Industries Inc. (WGO)Economic 1.30 pm BST Initial Claims 3.00 pm BST Leading Indicators 5:.00 pm BST Philadelphia Fed Economic Awaiting data
AGM / EGM CASH : Cardpoint HCU : Hitachi Capital (UK) LLOY : Lloyds-TSB OCN : Ocean Wilson Holdings PAQ : Property Acquisition & Management SLH : Shiloh STT : Straight TSCO : Tesco Economic No UK data scheduled Company Acuity Brands Inc. (AYI)  AG Edwards Inc. (AGE)  Chattem Inc. (CHTT)  Georgia Gulf Corp. (GGC)  InterVoice Inc. (INTV)  Isle of Capri Casinos, (ISLE)  John Wiley & Sons Inc (JW/A)  Morgan Stanley (MWD)  Shermag Inc. (C$) (SMG)  Steelcase Inc. (SCS)Economic 1.30 pm BST Current Account EconomicAwaiting data
Trading Thoughts For The Week Ahead  - Sunday 13th June

This week's guest is The Playboy who has kindly stepped into the breach and gives his own thoughts on the week ahead. If anyone else would like to be the guest next week please let us know.

Monday 14 June Finals Majestic Wine - Majestic Wine has seen enormous gains through high like-for-like sales growth from the opening of new stores. The market is expecting strong profits growth and is also hoping for a nice dividend hike. Majestic believes there is still scope for expanding its concept.Finals Merrydown - The drinks manufacturer issued a lively trading statement in January, celebrating the fact that Shloer, its adult soft drink, was outperforming its peers. The groups premium cider brand, Merrydown Vintage, slightly improved in a sector that is declining. Results should be above expectations. Tuesday 15 June AGM House of Fraser - House of Fraser has engaged in a significant reconstruction programme for the next three to four years, which should enable the group to report strong earnings growth. However, the dividend has minimal cover and is unlikely to be increased for several years.Finals PHS Group - The workplace support services group is expected to report results in line with management expectations today, with turnover 18% ahead at 165 million and operating profits of 50 million. PHS has seen particularly strong performances in its washrooms and dustmat divisions.Wednesday 16 June Ex-dividend 3i Group - The venture capital giant enjoyed a year of strong performance in 2003, returning 531 million, or 18% of shareholders funds. The dividend was duly increased from 13.5p to 14p, following three years of substantial change for 3i, and a year that saw almost 1 billion of investment.EGM SSL International - The Durex manufacturer has exchanged conditional contracts with Regent Medical to sell off its surgical gloves and antiseptic business, in the final phase of its transformation into a consumer products group. Shareholders will be asked to approve the deal today, which some have criticised as being too cheap.Thursday 17 JuneInterims Gooch and Housego - This group is actually a manufacturer of acousto-optic devices and custom optical components and investors will be hoping for signs of growth, which were somewhat lacking in its last set of finals. But the group claims to be in an enviable market position, with several world-leading products.AGM Laura Ashley - Shareholders will witness the end of an era today when the last of the Ashley dynasty leaves the flagging fashion house. Nick Ashley, son of the late eponymous founder, has decided that he will leave the board. The group is now largely owned by Malaysian investors and finding more success with furniture than fashion.Friday 18 June EGM Cardpoint - The provider of electronic payment transactions, is snapping up a number of cash machines from HBOS. The Board has conditionally agreed to buy, subject to shareholder approval, 816 cash machines in locations away from bank branches for a maximum of 75 million.AGM Tesco - Todays meeting should be a fairly upbeat affair as the management boasts of recent success. However, it could all turn very ugly when London Animal Action arrives to protest at the supermarkets sale of whale and dolphin meat in their Japanese stores. Shareholders, you have been warned. ThoughtsThe FTSE-100 this week has broken out of the month long trading range of 4395 to 4470 possibly forming a new range of 4520 to 4460. Clear downtrend resistance off the April high, May high and June high so far, a break of 4520 could lead to 4570 then the April highs only if the DOW stays in its current up trend (see DOW chart), if not weakness below support at 4460.FTSEPL75.jpg On a 5-day chart up trend off Friday low intact above 4482, downtrend off Wednesday high at 4492, two key levels for Monday! This week is also equity and index options expiry on Friday, so market possibly held up into the end of the week?DowPL475.jpg

Have a good weekend - The Playboy

All the above comments are purely a personal opinion and no investment advice is intended. Please do your own research

Martini - 13 Jun 2004 14:28 - 3 of 46

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SUNDAY TIMES - The M&S/Philip Green bid: the next few weeks will see how the retailers shareholders can reach agreement about whether they are better off with or without Mr Green. - Easyjet has management credibility problems and a board director or two may be in for the chop - Should you buy shares in Paragon - yes - Motor insurer Cox has a new CEO; maybe he can rebuild the share price - Odd that William Hill CEO David Harding has sold almost his entire stake.
SUNDAY TELEGRAPH- Lets see how Marks & Spencer boss Stuart Rose shapes up when Philip Green puts his cash and shares on the table; I think 380p a share is nearer the mark. - Gordon Brown has taken the fruits of growth and given them to the disadvantaged without fomenting economic crisis; but he must move on soon - Cazenove/Barclays the former wont let Barclays buy it Equity View: - Johnson Mathey buy, Pendragon buy, Hampson Industries buy, Provalis buy, Synstar buy, Royal Bank of Scotland undervalued Taking Stock with Edmond Jackson: - One of the classic dilemmas of investing is that speculative firms attract the most share price activity - Mitie is sound value; Helical expect profits to progress back to 20 million; Sanctuary - continue to avoid but a bidder may appear
OBSERVER  Throg Street: - BT to buy now would be folly - Reuters got to prove it can rebuild; a price war could be ahead - Engineer Cookson the shares have had a good run but no longer offer value - The Cable & Wireless chairman isnt getting on too well with its CEO so rumour has it. They both have different visions of the future - Interview with new ProShare boss Michelle Doughty - Interview with IBM boss, Sir Michael Bishop
MAIL ON SUNDAY Lisa Buckingham: - M&S shareholders must ask if their cash would be better invested elsewhere than with sticking with Stuart Rose - Sir Chris Gent undoubtedly has the ability to help steer GlaxoSmithKline through difficult times. How unfortunate that he looks somewhat tainted by his farewell package from Vodafone Midas: - Just sit back and enjoy Belhavens record growth Taking Stock: - At the International Monetary Conference last week Lloyds TSB chairman and Barclays boss warned that unless UK banks were allowed to get together they would be vulnerable to foreign predators
THE BUSINESS - The Daily Mirror/City Slickers Case the DTI has been too slow investigating this one - Without the massive clout that Time Warner and Disney can throw behind a film, surviving will be a struggle for up-for-sale MGM Inside the Market: - Speedy Hire buy. Knowledge Technology Solutions remains speculative
SUNDAY EXPRESS - Stuart Rose at M&S has orchestrated a virtual takeover in a very short time. But expect Philip Green to make a better bid proposal this week - Can Luqman Arnold get Abbey out of the woods? He may just be the man to pull it off THE SUNDAY EXPRESS - Stuart Rose at M&S has orchestrated a virtual takeover in a very short time. But expect Philip Green to make a better bid proposal this week - Can Luqman Arnold get Abbey out of the woods? He may just be the man to pull it off
INDEPENDENT - Marks & Spencers Stuart Rose is preparing to ditch LifeStore and this could enhance his chances of shutting up Philip Green - Easyjet chairman Sir Colin Chandler says there will be no board changes. The screams from the airline's shareholders may change that - Vodafone has all but ruled out its option to make Verizon Communications buy its stake in Verizon Wireless. Shareholders may take a different view - Analysis: Stelios Haji-Ioannou.
INVESTORS CHRONICLE Tips:Buy: Buy Provident Financial (PFG) at 664p - Abbot (ABG) at 175p - Carrs Milling (CRM) at 332p - Compass Finance (CAF) at 71p.Sell: Greggs (GRG) at 33.70 - MonsterMob (MOB) at 91.5p
SHARES MAGAZINE Plays of the Week:Buy: Quintain Estates (QED) at 420p -NetBenefit (NBT) at 56.5p - Dmatek (DTK) at 81.5p

Martini - 13 Jun 2004 14:28 - 4 of 46

Many thanks to The Playboy for being this weeks Thoughter.

After the long weekend in the US things should bet back to normal Monday.

I have been chatting to Bullshare and saying there most be an easier way to get the basics of this together and he has had the guys have a look at what can be done.
I will get it shown to you folks for comment before changing the current format.

Please let me know if I have made any major mistakes in the information.

I can now go read the papers and potter in the garden

Good Hunting next week
Pottering of Oxon

stockbunny - 13 Jun 2004 14:45 - 5 of 46

Much thanks Martini for the above and to Playboy for thoughts - interesting
stuff. Martini I am sure the decimal point is in the wrong place for
the divi on SVT on the ex-div section above.
Enjoy your pottering!!!

Martini - 13 Jun 2004 15:04 - 6 of 46

stockbunny
Thanks - I have changed it
Best Regards
M

supervisor - 13 Jun 2004 15:47 - 7 of 46

Many thanks martini and playboy,find this a must read on a sunday so thanks again.jen

extrovert - 13 Jun 2004 17:13 - 8 of 46

yep, many thanks to martini, playboy and everyone concerned who provide good information

extro

jj50 - 13 Jun 2004 18:48 - 9 of 46

Evening all. Special thanks to Martini and the Playboy for all the info. Hope you had some time left to enjoy the weather Martini. Regards j

Big Al - 13 Jun 2004 22:43 - 10 of 46

Evening all.

Have done very little research up to this point, but do tend to concur with TP. Still not sure the US has made enough headway to confirm the break of the flag, but some "goodbye Ronnie" feelgood stuff tomorrow may well see the job done.

Currently carrying longs on JKX and AZM. Got a couple of other targets to hit early tomorrow if I see any follow-through. However, Monday is never my best day and got a couple of things to sort out so might not be as active.

Have a good week.

Al
;-)

Mega Bucks - 14 Jun 2004 06:51 - 11 of 46

morning campers.

zarif - 14 Jun 2004 06:53 - 12 of 46

morning all.
Lot of early birds today. PB thanks for your thoghts.

rgds
zarif

ThePlayboy - 14 Jun 2004 07:13 - 13 of 46

Many thanks for the thanks, will hopefully prove accurate if not useful:)

roma - 14 Jun 2004 07:36 - 14 of 46

Morning all

Insider trader - 14 Jun 2004 07:43 - 15 of 46

Morning all.

jj50 - 14 Jun 2004 07:52 - 16 of 46

morning all

Fundamentalist - 14 Jun 2004 08:15 - 17 of 46

mornin all

Big Al - 14 Jun 2004 09:01 - 18 of 46

Morning.

Missed a couple of early movers, but trigger finger never good on Mondays! ;-)

Have a good day.

Douggie - 14 Jun 2004 09:12 - 19 of 46

mornin all

Big Al - 14 Jun 2004 09:15 - 20 of 46

Long MRS 237

jj50 - 14 Jun 2004 09:19 - 21 of 46

Big Al - you'll have to work out a warm up programme for that trigger finger! In reply to earlier question, I was away in April. See BHG small rise again today, I like to support the local product!

Have a good day.

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