goldfinger
- 12 Jan 2010 20:42
goldfinger
- 27 Jul 2011 21:22
- 1567 of 3532
Just a small bit down ..... LOL.
skinny
- 28 Jul 2011 06:09
- 1568 of 3532
The rest of my short was closed just under 5800 - where to today - hmmmm.
splat
- 28 Jul 2011 08:15
- 1569 of 3532
I wonder too skinny.
Covered last night's UKX long +29
skinny
- 28 Jul 2011 21:17
- 1570 of 3532
Just closed a short @5831 from our close. Lets hope the yanks sort themselves soon.
splat
- 29 Jul 2011 07:56
- 1571 of 3532
Not looking too good now!
Seymour Clearly
- 29 Jul 2011 13:05
- 1573 of 3532
Skinny, wait for it ......, wait ....., not yet.....
splat
- 29 Jul 2011 13:13
- 1574 of 3532
skinny, been watching these too...similarly tempted!
skinny
- 29 Jul 2011 14:53
- 1575 of 3532
Ok small long @72 stop 862.
splat
- 29 Jul 2011 15:04
- 1576 of 3532
hey gf, hope you're out of FRES mate
goldfinger
- 02 Aug 2011 01:56
- 1577 of 3532
Got out very quickly splat. I dont hang about with a loss, a small loss is better than a long term hold LOL.
These markets are taking no prisoners.
On sidelines unless gold stocks behave again.
splat
- 02 Aug 2011 08:38
- 1578 of 3532
glad to hear it gf.
I'm dabbling with indices mostly but holding some XTA I'd forgotten about :-(
goldfinger
- 02 Aug 2011 16:56
- 1579 of 3532
Been a bad day again.
looks like a bear market and a recession on the way. in one way Im glad as Im fed up with this horizontal trading range on the FTSE.
Will have my bear cap on if we go below 5600 and will be selling stock rather than buying.
KennyAce
- 02 Aug 2011 23:13
- 1580 of 3532
Updated SP500 technical Analysis Charts and commentary at
Kennys Elliott Waves Blog
Please also check read in conjunction with
Kennys Insider Trading Newsletter for this week.
goldfinger
- 05 Aug 2011 03:03
- 1583 of 3532
ISAT from the Fool today........
2. Inmarsat crashes to Earth
Today's other big faller, this time in the FTSE 100, is technology firm Inmarsat (LSE: ISAT). This company is a leading provider of global mobile satellite communications services, which is about as fashionable and modern a business as you will find.
Sadly, Inmarsat's interim results for the first half of 2010 shocked investors, who dumped its shares. As I write, its share price has dived almost a quarter (23%) to 378p, valuing the group at 1.8 billion. In mid-June 2010, Inmarsat shares peaked at 821p, more than triple its flotation price of 245p in June 2005. Thus, its shares have more than halved in 14 months.
What caused today's steep decline? At first glance, Inmarsat's results look very encouraging, as revenues rose 20% to $683 million and profit before tax rocketed 68% to $255 million. Also, the group hiked its interim dividend 10% to 15.4 US cents, plus the company today launched a $250 million share buyback. What's not to like?
The fly in the ointment appears to be Inmarsat Global MSS, where revenues in the second quarter were flat compared with the same quarter of 2010. Andrew Sukawaty, Inmarsat's Chairman and CEO, tried to calm investors' fears by explaining "While we believe that a return to more normalised revenue growth in our MSS business is only a matter of time, we expect near-term factors will constrain growth for longer than previously anticipated. As a result, we are revising our outlook for MSS revenue growth for 2011."
Thus, fearing that MSS -- which accounts for half of group revenues -- has gone ex-growth, investors sold down Inmarsat shares. You can understand their nervousness, as these shares were not cheap -- before today, at least.
After today's 23% fall, and based on 2010 earnings per share of 24p, Inmarsat shares trade on a price-earnings ratio of 16, which is forecast to fall to 7.7, based on EPS of 49p this year. The 2010 dividend was 22.4p, which is 5.9%, and is projected to rise to perhaps 6.5% in 2011.
For me, these are undemanding ratings, especially for a business in a high-tech field. Hence, if forced to choose between these two falling knives, I'd plump for Inmarsat over Misys, because Inmarsat's high dividend and low PER give it a clear edge in value terms.
More from Cliff D'Arcy:
goldfinger
- 05 Aug 2011 08:12
- 1584 of 3532
Chaos. ........ is that spelt right?.....on second thoughts who gives a F in market like this.
jonuk76
- 05 Aug 2011 11:35
- 1586 of 3532
Thanks for that Goldfinger. I didn't buy yesterday, but noticed the shares edging up on high volume towards the end of the day as ISAT bought a chunk as part of their buy back program. Still considering it though.