goldfinger
- 12 Jan 2010 20:42
goldfinger
- 15 Feb 2013 14:54
- 3421 of 3532
Any breakouts guys?????
Been up to vets most of day.
Looks like R sardines as been bitten on the ear by a fox.
Stiches and some antibiotics.
Gone out looking for pussy so must be ok now.
dreamcatcher
- 15 Feb 2013 15:02
- 3422 of 3532
Thats a better time than going to the vets at 3am christmas morning. :-))
goldfinger
- 15 Feb 2013 15:07
- 3423 of 3532
Blimey DC must have been hell.
Her indoors reckons I like the cats more than her.
How dare she..................LOL.
dreamcatcher
- 15 Feb 2013 15:09
- 3425 of 3532
Be honest, do you? lol I wish your cat a hasty recovery.
goldfinger
- 15 Feb 2013 15:10
- 3426 of 3532
Use 48 hour rule like with GKN.
goldfinger
- 15 Feb 2013 15:21
- 3428 of 3532
Volex VLX directors buying shares for fun.
Must be confident going forward.
Bought some yesterday.
goldfinger
- 15 Feb 2013 15:22
- 3429 of 3532
Volex VLX directors buying shares for fun.
Must be confident going forward.
Bought some yesterday.
goldfinger
- 17 Feb 2013 13:36
- 3431 of 3532
Crickey they are doing well skinny.
Always been afraid tho with real estate that once bad news comes you get a complete colapse rather than a gradual one.
Not saying thats happening just something to be aware of.
goldfinger
- 18 Feb 2013 14:02
- 3433 of 3532
Volex starting to move up fast. Posted here on the 15th.
Hope all got some.
goldfinger
- 18 Feb 2013 16:45
- 3434 of 3532
VOLEX
I love GAPS. No resistance until 140p. What a beut. Added again later today.
Another 30k director buy aswel.
Its a giveme.
goldfinger
- 20 Feb 2013 09:31
- 3435 of 3532
J P Morgan morning note........
www.jpmorganmarkets.com
Europe Equity Research
18 February 2013
UK Food Retail
Initiating coverage
European Retail
analyst disclosures.
This is an extract from a longer pan-European report in which we initiate
coverage on 15 stocks. This introduction covers the general principles we
apply to the sector worldwide.
As part of a 15-stock pan-European food retailer sector launch we initiate
coverage today on four UK stocks:
Tesco (OW, TP 425p): we expect UK sales to recover further driven by the
ongoing store revamps, a more active and focused price communication
policy, ongoing private label enhancements, online, convenience, clothing
etc. The remainder of non-food and Direct remain challenges but also areas
for potential improvement, in our view. We expect management to become
more capital disciplined. In this regard, we expect a strategic review of
Turkey and parts of China to follow that conducted on the US. Sales &
margins will likely remain under pressure in C. Europe in 2013/14, where
Tesco is disadvantaged by the format it operates vs the effective discounters,
but the region only accounts for 11% of group sales & 7% of profits.
Morrison (UW, TP 245p): we are 10% below consensus for 2013/14 PBT.
We believe that in 2013/14 Morrison will suffer the effects of adverse
operational leverage, will have to invest in the offer to reverse current sales
trends, will receive lower volume rebates from suppliers, will face another
significant increase in depreciation from its high capex, will likely face
higher online & convenience development costs, will incur higher financial
expenses from its rising debt and will likely once again incur costs related to
the Fresh format revamps, unless the roll out is stopped. Morrison is
increasing its operational leverage and its financial leverage at a time when
sales are falling. The shares have performed poorly (-10% in last 12 mths)
but with consensus forecast expected to fall, and with the share buyback due
to come to an end in March, we would continue to avoid the shares.
Sainsbury (UW, TP 325p): In our view Sainsbury’s management has done a
tremendous job over the past decade in turning the company around.
However, with pre-tax ROIC flattening at 10% (7.5% post-tax) we believe
that its annual capex of GBP1bn has to be seen as excessive. Separately, we
believe that Sainsbury will not be immune to a recovery at Tesco.
Booker (OW, TP 122p): despite the 50% share price rally since the Makro
deal was announced last year, we rate Booker OW for the combination of
strong management credentials and the Makro potential. With Makro,
Booker has bought the capacity to increase sales to GBP6bn (+80% nontobacco)
without any need to invest in new assets, in our view. By acquiring
Makro, Booker has bought a supply chain at a national level for its fast
growing delivery business. We think the current year P/E multiple fails to
reflect the potential to increase Makro’s sales and margins or the potential to
do a sale and lease back of the Makro properties and return £200mn to
shareholders. The 2013/14 FCF yield remains attractive at 5%.
goldfinger
- 20 Feb 2013 11:30
- 3437 of 3532
Changes made to header charts.
BULLISH TRENDING CHARTS..... out's......ARBB FSJ ANW AVONDXNS CINE WAND
in's...... WIL REX SXS DPH CCG BVC TCSC XAR ISYS
BEARISH TRENDING CHARTS......out's ......CAPD VLX
12 WEEK HIGH CHARTS......out's.......PHTM RBS SKS SIV AGA
in's........ NWS SDY TNI AVV ARM NANO PRZ RRL NPT
Good luck.
goldfinger
- 20 Feb 2013 11:44
- 3439 of 3532
Good timing SC just been advertising the thread on twitter.