| Home | Log In | Register | Our Services | My Account | Contact | Help |
Traders Thread & Thoughts - Monday 24th March (EBR)
Crocodile - 23 Mar 2003 12:45
|
|
|
|
|||||||
|
Click on the DOW JONES / S&P / NASDAQ Charts below for the NEW Streaming Page |
|||||||||
|
|
|
|
|||||||
| NIKKEI +240.12 | HANG SENG -33.49 | Click for latest S&P FUTURES | |||||||
|
|
|
 |
|||||||
|
|||||||||
|
Monday News Headlines: Saddam Hussein to make historic speech at 8am GMT (Take care, markets could react sharply) The FTSE is expected to open lower following a big fall in U.S futures due to news of heavier than expected resistance and loss of life. Crude oil prices rise on the news from Iraq. Suspected chemical weapons secured in Nasjaf about 100 miles South of Baghdad. Hong Kong hospital chief is believed to have caught SARL the new killer pneumonia virus. The Nikkei finished nearly 3% higher, its biggest gain this year. Over 210 Japanese have now died after taking Astra Zenecas drug Irissa Imperial Tobacco says trading is in line with expectations. Altria part of Philip Morris had a big court order go against it in the States on Friday so this may depress UK tobacco stocks. Ebookers reporting sales rising but the Iraq war will have an effect on there sales & profits. Oxford Glycoscience continuing talks with Cambridge Antibody. Celltech said it had bought a 10.5 percent stake in its target in an attempt to block rivals. Carphone Warehouse said it expected full-year pre-tax profit to be in line with analysts' forecasts and that it would pay its first dividend but would take 15 million pounds in write downs. LogicaCMG said it had signed a deal with Netherlands-based mobile operator KPN Mobile , a unit of KPN, to deliver picture messaging services. Securicor saying it will make a special 12.5p dividend after saying it had agreed to sell its 50 percent interest in its distribution joint venture to Deutsche Post for 247 million euros Cable & Wireless, Kelda , Provident Financial and Foreign and Colonial are all promoted to the FTSE 100 . They replace British Airways, Rolls-Royce, RSA and Invensys . |
|||||
|
Crocodile - 23 Mar 2003 12:46 - 2 of 10
|
All GMT |
United Kingdom F)inals (I)nterim |
United States (Click Flag) |
Europe & World |
|
Monday 24th Reports |
ebookers (F) PTL 6m exp. Ashtene Holdings (F), Alexon Group (F), Collins Stewart (F), Enterprise Plc (F), Forth Ports (F), Systems, Union Group (F) Unilever Trading Statement |
CLARCOR Inc. ebookers plc industrie Natuzzi Exfo Electro-Optical Engineering McDermott International Inc. SBA Communications Sea Containers Ltd. SONIC CORP Summa Industries |
Germany March CPI m/m 7.00 Germany Feb import price index m/m |
|
Tuesday 25th
|
BMetal Bulletin (F) PBT 7m exp. Ted Baker (F) PBT 10.8m exp. Also Reporting: Amey (F), Carlton Communications (AGM), Galen (AGM), Gleeson (I), Peterhouse (F), Premier Oil (F), Unite Group (F), Venture Production (F)EMAP Trading Statement |
Alderwoods Group Inc. Apollo Group Astro-Med, Inc. Crosstex Energy, L.P. H.B. Fuller Company Hanover Direct, Kindred Healthcare Inc.LNR Property Lindsay Manufacturing, McCormick & Company, Inc. Merix Mission Resources Corporation PAXSON COMMUNICATIONS CORP Penwest Pharmaceuticals Pfeiffer Vacuum Technology Red Hat, Inc. Richardson Electronics 12.45 BTM/UBSW sales 13.55 Redbook sales 15.00 March consumer confidence 15.00 Feb existing home sales |
Bertelsman AG (F), Olivetti (F) 7.50 France Feb consumer spending m/m 11.00 EMU Jan retail sales m/m |
|
Wednesday 26th Ex Div |
Costain Group (F) PBT 7.1m exp. Woolworths (F) PBT 49m exp. Also Reporting: Autologic Holdings (F), AG Barr (F), Barratt Developments (I), Huntleigh Technology (F), LiDCo Group (F), Liberty International (AGM), Signet Group (F) ACapital Radio Trading Statement 09.30 UK Q4 Revised Business Investment |
Hastings Entertainment Interland WD-40 Company JKX OIL & GAS PLC Koor Industries Layne Christensen Matav-Cable Systems Novatel Wireless Parallel Petroleum Corporation Signet Group Stewart & Stevenson Services Swisscom AG UbiquiTel Inc. Ventiv Health, Inc. 13.30 Feb durable goods orders 15.00 Feb new home sales |
Munich Re (F), Ericsson (F), Gucci (F) 8.00 Italy Jan unemployment 9.00 Germany Mar IFO index 9.00 Germany Mar IFO current conditions 9.00 Germany Mar IFO expectations |
|
Alba (2.05), Aviva (14.25), Bradford & Bingley (9.9), Chelsfield (2.8), First Active (EUR 1.12), Games Workshop (4.5),Guinness Peat (1), HIT Entertainment (0.316), ITNET (2.66), Kier Group (5.2), John Laing (4.8), Rotork (8.9), Roxboro (6.9), St Mowden Properties(3.8), Schroders (13), Schroders Non Voting (13), Ulster Television (5.65), Wyvale Garden Centres (5.12) |
|||
|
Thursday 27th |
Next (F) PBT 295m exp. Alpha Airports (F), Amlin (F), CODASciSys (F), Crest Nicholson (AGM), Dana Petroleum (F), Fulmar (F), Maiden Group (F), Telewest Communications (F) London Stock Exchange Trading Statement 09.30 UK Q4 Final GDP q/q + 0.4% exp. |
24/7 Real Media AAR Corp.Amlin plc Big Dog Holdings Casual Male Retail Group, Inc. ConAgra Foods, Inc.dELiA*s Enel S.p.A. Fiat S.p.A. Finish Line Gucci Group NV Hines Horticulture HORIZON HEALTH CORP Interep National Radio Sales Linde AG Main Street and Main Incorporated Manugistics, Inc. MEDIS TECHNOLOGIES LTD Prime Group Realty Trust Riverstone Networks, Inc. Robbins & Myers Stride Rite Corporation Telekom Austria AG 01:00 am ET TeleWest Communications Titan Pharmaceutical UMS UNITED MEDICAL SYS INTL AG XM Satellite Radio Xybernaut Corp. 13.30 Initial jobless claims w/e 22/3 13.30 Q4 final GDP |
7.45 France Mar industrial survey (business climate) 7.45 France Mar general business outlook 8.00 Italy Jan retail sales m/m |
|
Friday 28th |
AMinerva (I), PRI Group (F) Boots Trading StatementSainsbury Trading Statement 10.30 UK Mar Gfk Consumer Confidence |
Benetton Group Liberty Media Group 13.30 Feb personal income & consumptio 14.45 Match Michigan sentiment |
7.45 France Feb unemployment 7.50 France Feb PPI 8.00 Italy Jan industrial orders m/m 9.00 EMU Feb M3 3m y/y Clocks forward on Sunday |
|
Reporting - Trading Updates - Reports - Ex dividend |
|||
|
Trading Thoughts
The current geopolitical are taking precedence over the economic fundamentals at the present time. The relief rally is full flow and has had enough momentum to take it through the long term downtrend resistance line. The direction from here will no doubt be dominated by the news for Iraq and a quick victory could add 500 points to the FTSE. However like many others I am still convinced the bear trend is still in control and the current exuberance could quickly melt away with a return of the markets to the long-term downtrend. Next week the retail sector will be highlighted with results and trading statements. On Monday Online travel agent ebookers should show a further reduction in its full-year losses with the house broker expecting the figure to have reduced to 5.2m from the 20m seen a year earlier. However along with the rest of the travel industry a slump in current bookings may take the gloss off the figures. On Wednesday we will see how well Woolworths recovery plan has been working when they are expected to show profits up to 49m from 15m a year earlier. This follows improvements in stock control and overall improvements in operational performance.Thursday morning Next release finals. They had earlier stated that all is well for its full-year performance so should report profits in the region of 293m to 303m. If this is confirmed it will shown it has recovered from late last year when it struggled to meet sales targets. The big question for Next is whether they can predict strong growth for the coming year through refurbishments & expansion Friday: Boots will be looking to once again surprise the market with a strong trading statement. Before Xmas they said they had the strongest pre-Christmas sales growth in 10 years. However I feel they may have a question mark on future growth with increased supermarket competition and cut price retailers for its health & beauty products. On Friday Sainsbury's issues its spring trading statement and should give us the latest news on its battle for Safeway. Trading over Christmas showed a growth of 2.8% followed by a steady January so no shocks are expected here. Thats if for me this week and now to enjoy the Spring sunshine. As ever I look forward to reading your views and comments. Wishing you all the best for next week. David |
|
David (Croc). David@FTSEDOW,COM www.FTSEDOW.com www.traderpc.com All the above comments are purely a personal opinion and no investment advice is intended. Please do your own research. |
Sunday
23rd MarchCrocodile - 23 Mar 2003 12:46 - 3 of 10
|
Sunday News 23rd March |
||
|
Headlines Brown May Increase Taxes as Deficit Expands, Sunday Times Reports U.K. Chancellor of the Exchequer Gordon Brown may raise taxes by another 2 billion pounds ($3.1 billion) amid sluggish economic growth and an increase in spending, the Sunday Times reported, citing accountancy firm Deloitte & Touche INVESTORS have been put on alert that any setbacks in the Allied invasion of Iraq could send stock markets tumbling again. |
||
|
Click on the paper name for link. |
Morrison may make higher bid for AWG Liberty International Gordon hits out at senseless Higgs Arcadia Group Green bides time over Safeway deal Arcadia millionaire plans to rid railways of leaves Granada/ Carlton ITN wins shareholder support in battle to alter ownership rules Carlton Granada chairman forced to give up 2m walk-out clause Sportingbet Antigua sues US over gaming Royal & Sun estate agent sale stalls Irish Continental Group looks to buy Cenargo ships Granada chairman forced to give up 2m walk-out clause BAA Heathrow prepares to handle new jumbo British Airways New suitor for Deutsche BA Hilton Meats to run 10m packing plant for Tesco Green bides time over Safeway deal Reuters chairman told to step down TIPS: Johnston Press 347.00p, Mentmore 70.00p, Smith and Nephew 374.75p Saturday: Aga Foodservice, House of Fraser, Kensington Group |
Sharewatch: Venture Production Scots press for tabloid in Navan Take no action and wait on First Active Nils Pratley: Reuters chiefs put a spin on the annus horribilis Arcadia, Green leads in Safeway stakes Orange, Prufrock: T-Mobiles touch of spin makes a loss into a win Vital statistics Kerry Group, Cairn energy, British Airways Share of the week: Charter Transware shuts HQ after slump Ryanair, EasyJet And Finally ... European bureaucrats need to inject Buzz into daily dealings Interview:More turbulence in the cockpit at BA Sharewatch: National Express Bumper sales for HMV in Ireland Directors' Deals: Sage founder sells stock near three-year low Boots needs to polish up its boardroom act Green King leads in Safeway stakes British Airways Rod Eddington's war day |
|
Granada, Carlton Green declines ITV contract Safeway bids in jeopardy British Energy Britain in 48bn nuclear clean-up Vodafone in 400m Caudwell deal Monro poaches Matalan staff Irish bid could net RMC 60m Rentokil's exterminator Safeway Criado-Perez: the bid is hurting the business 'We'll keep BA flying through the crisis' |
TIPS: Chelsfield 219.00p, Goshawk Insurance Holdings 108.00p Kier Group 426.50p, ICAP 939.00p Medical House 45.50p, Smith and Nephew 374.75p Taylor & Francis Group 422.50p Saturday: Alfred McAlpine, Daily Mail & General Trust, Warner Estate City Comment: Safeway could be left on the shelf Sainsbury Consumer anxiety skews the economy Carlton, Granada Allen's feather bed |
|
| Observer | Green faces block on Safeway sell-off Orange, mmo2,vodaphone Mobile giants 'act like cartel' against minnows Big Food does big U-turn Arcadia Group Green faces block on Safeway sell-off Thistle hotel group sale lands Orb in fresh row |
Granada/ Carlton Is Allen key to TV future? P&O Lord - and a gentleman Consumer is loser in battle for Safeway Orange Contract ties Germans to Virgin deal for years Tesco to cull directors after supply fiasco |
| Independent | Shareholders seek change at Carlton and Granada Ryanair says CAA is 'running amok' War-hit British Airways considers going Dutch |
Business View: Safeway interfered with by Vickers: can competition survive? British Airways As war buffets the world's airlines, which ones will still be in it for the long haul? Merger payoff costs P & O Princess Cruises 40m |
| John Wood Group Staff safety is 'paramount' BAE 10bn deal at risk because of 'value' fears SMG Gingerly returning to limelight AWG plans 'vigorous' pursuit of 130m action against Fraser Morrison Egg highlights cracks in credit company offers 20m accounts overstatement puts Magnum Power's future at risk OFT decision means Morrisons loses out on 29m |
Wonder of Woolies tested as City puts retailer under the microscope Carphone Warehouses, Oxford Glycosciences Royal Bank of Scotland Good time to start chewing over changes in the boardroom Digital Animations Ananova talks Gates out of tight corner Royal Bank of Scotland expands team in France to court corporate finance market PPL Therapeutics Rogue investor fails to secure support for break-up |
|
| Sell: Whitbread at 571p. - Buy: Cattles at 276p - Findelat 192p - Braemar Seascope at 153p - Halladale at 47p - Parkwood at 38p. Tip Updates: Enterprise Inns buy - Comeleon and Gympie hold. Carlton Communications high enough. MFI Furniture fairly priced. | ||
|
The Plays of the Week: Buy William Morrison at 167p - Ideal Shopping at 45p - Glisten at 101.5p. Sell P&O Princess Cruises at 396p. Tips Updates: Rolls-Royce take profits. - Lambert Howarth buy/hold. - Taylor Nelson Sofres sell. |
||
| Other Links: |
Nothing Ventured: GNI: Bloomberg: Digital Look: Citiwire: The Register News Review: ShareCrazy: CNN |
|
Teddy Bear - 23 Mar 2003 13:37 - 4 of 10
ashamed American teddy
Viva_Cohiba - 23 Mar 2003 22:03 - 5 of 10
Having appraised the deteriorating newsflow from Iraq this weekend I'm beginning to wonder if the US may have bitten off more than it can chew in trying to promote a "user-media-civillian friendly" option. Technological evolution just hasn't come that far yet, it's either going to require some serious arty to root those hardcore-boys out of their bunkers or a very long seige. Personally prefer it to take a bit of time and see a few more lives spared, a lot of casualties appear to be occurring because of the external demands for a high-speed war.
Glad I'm still short BARC from 394 and likewise with BP. at 429.
mbbcat
- 23 Mar 2003 22:39
- 6 of 10
Crocodile - 24 Mar 2003 07:39 - 7 of 10
Viva_Cohiba - 24 Mar 2003 08:40 - 8 of 10
perhaps there'll be a few more people posting on this thread today, sorry but I don't have access to the traders thread. Looks like my bearish BARC and BP positions are already paying off. I'm looking for about 30 points off both over the next 2 days.
Crocodile - 24 Mar 2003 08:48 - 9 of 10
Viva I hope so, already at 8:45 have 55 posts on the traders board.
Covered PRU short for +8
Crocodile - 24 Mar 2003 11:45 - 10 of 10
- Page:
- 1
| About MoneyAM | Ts and Cs | Privacy Policy | Investment Warning | Content Standards | Corporate Solutions | Advertise With Us | Site Map | © 2026 MoneyAM |
Follow us on Twitter