i'm buying on the blips

Lovely breakout from a horizontal trade range going on for about a year and note, its only about 70p up from breakout the range being about 140p top to bottom so Id be looking for at the very least this kind of movement upwards.

Fundies going into 2010 are not cheap at about 14.4 P/E but lets not forget the license to print money giiven to them by the BoE and the government.

Should be a good one fingers crossed.

the 3 year chart was already posted above, but i don't think i'll be putting my money here

Nice move down today, looks like its just about hitting buy territory now.

This should be good for the company.....

7:37 AM In a move that will likely be closely watched by its U.S. counterpart, the Bank of England launches its 75B Treasury note buyback today

http://www.telegraph.co.uk/finance/economics/4971655/Bank-of-England-begins-pumping-75bn-into-economy.html

don't talk to me about getting TLW wrong!

Bank of England to boost money supply today
By Lee Wild

Date: Wednesday 11 Mar 2009

LONDON (ShareCast) - The Bank of England will effectively start the printing presses today as part of its 75bn programme of quantitative easing to boost the British economy.

It wants to buy as much as 2bn of gilts, or government bonds, from institutional investors such as pension funds.

The idea is that the central bank gets its new money into the system and into the banks, which it hopes will then lend more to cash-strapped companies and individuals.

That auction is set to start at midday, with a second due at 2pm, this time for the banks themselves.

Todays action comes less than a week after the Bank of England confirmed it would begin a 75bn programme of asset purchases and that it had permission from chancellor Alistair Darling for another 75bn if needed.

Its the first time the policy has been tried in the UK and some are calling it the last throw of the dice to save the country from an even deeper recession.

Interest rates have already been slashed to their lowest in the central banks 315-year history, leaving little room for further stimulus from rate cuts alone. Borrowing costs fell another half point this month and are down from 5% last October.

Auctions will now take place every Monday and Wednesday, with results published on the Friday.

It could take up to three months to carry out the programme, according to a statement from the Bank released last Thursday.

But the move has angered some. Ros Altmann, an independent policy adviser, explains that the plan to get the institutions selling gilts to invest the money in UK company debt instead, is not going to happen!

Institutions will switch to overseas debt or top quality bonds, but will not put much into smaller companies who desperately need the funds, he says.

Whoever is advising the government on this simply does not understand how institutional investors operate.

Featured Stock: Gold
Tom Winnifrith writes: THe price has slipped. The price of everything has slipped. But the argument stays the same. Base rates across the globe will stay close to zero for another 18 months. So there is no yield advantage in holding cash rather than gold. And Governments across the globe will be keeping De La Rue in a roaring trade. More bank notes in circulation drives down their real value. God is not making any more gold. I expect $1200 during 2009 and much higher over the next three years.

God may not be making any more gold, but there's a hell of a lot more of it in them thar hills, and it's not a consumable like fossil fuel

Yep but it 'shines' like me.

all that glisters etc .... lol

"and it's not a consumable like fossil fuel ".....

what about that which is used in tooth fillings!!!!

AND

Gold pills, I kid you not for some kinds of thyroid problems.

some of our european brethren are probably still recycling their hoard created during the war

he he LOL. now now cyners, were all Euro bods these days.

Little wonder the almerian region of Spain is doing very nicely these days........ now just remind me which nationality prevail there alongside of the spanish..... pst dont talk about the war.........basil.

Printing plenty of money for me now.

Thought the chart was a looker.

lying little digit ..... sp has only recovered 13p from yesterday's fall which itself was greater than the previous day's gain

Yep but I got in at near the very lows, check out my posting times.

Ive got this long stratergy at the moment cyners where Im only trading on stocks that are in the red......... nicely in the red on the day or previous day and its been working well over the last 4 or 5 days, SXS being the only failure so far.

Ive just gone long of Rotork and in profit already. ROR...... its fallen away like this one yesterday but pearing back loses.

Fingers crossed Ill be well in the money by the close.

I got HOC this morning aswell and doing reasonably well.

After a sideways trending range for over a year we have now broken out positively to the upside and although at first it was a little too fast for my liking we now sit on the bottom line of a uptrend channel and should go from strength to strength from here now that the earlier froth as been cleared....

De La Rue H1 significantly below last year

Paper production problems hit banknote printer De La Rue's first half results.
But the firm is maintaining its interim dividend at 14.1p despite operating profits falling to 27.8m from 51.0m and pre-tax profits before exceptional items more than halving to 23.8m from 48.0m.

Revenue for the six months to 25 September was down 17% at 209.2m and there were net exceptional charges of 7.3m (2009-10: 3.8m).

It said these represent costs of 23.3m arising from the paper production quality issue, including write off of inventories and trade receivables together with other costs relating to the investigation and rectification of these matters.

These costs are partly offset by a one-off curtailment gain of 16.0m arising from the previously announced closure of the defined benefits pension scheme to further accruals from 2013.

A profit on sale of 52.9m has been recognised following the sale of the group's holding in Camelot, the UK national lottery operator.

Profit before tax increased to 69.4m (2009-10: 44.2m) as a result of the gain on the Camelot sale.

Interest charges were reduced as a result of the lower average level of net debt.

Headline earnings per share fell by 51% to 17.2p.

Executive chairman Nicholas Brookes said: "Issues in paper production at one of our facilities have, as previously advised, had a significant impact on the group's performance during the first half.

"The board took decisive action to eliminate these issues and we are encouraged by the support of our customers and the level of orders and enquiries in recent weeks.

"The board reiterates its confidence that neither the physical security nor the security features in the paper were compromised."

Take over bid from france!

Up 24% great.