goldfinger
- 05 Jul 2013 14:05
- 752 of 2763
Key day reversal yesterday plus lovely wide uptrend channel from mid april.
Havent got the uploading software here on the lap top.
Can you see it Skinny?????
goldfinger
- 05 Jul 2013 18:27
- 754 of 2763
Yep love that wide channel skinny. Not often you get them that wide. Plenty of room for manouvere and getting on board for the patient. Think Ill be going long.
goldfinger
- 09 Jul 2013 21:18
- 756 of 2763
Yep heading for a congestion area, but 115p looks on the cards first up.
goldfinger
- 10 Jul 2013 08:50
- 758 of 2763
Well just looked at it, brilliant .
Just hope the blue candle today melts away.
Shortie
- 11 Jul 2013 09:51
- 760 of 2763
Any view on ABG African Barrick Gold for a bottom? At the current sp I make yield around 5.6% with over 2x cover. Note that the sp has fallen some 77% in the last 12 months.
goldfinger
- 11 Jul 2013 10:03
- 761 of 2763
Sorry Shortie im staying away from metals for a good period of time yet.
And yep I keep looking at similar figures as the ones you have posted.
But Bernanke again put the kybosh on my thinking yesterday evening with his dovish comments.
Shortie
- 11 Jul 2013 10:15
- 762 of 2763
Markets have been taking news flow with a pinch of salt lately so I'm trading this off charts alone and have taken a small position in both ABG and AVI this morning.
goldfinger
- 11 Jul 2013 11:59
- 763 of 2763
Shortie, why dont you put the charts up.
Could get people interested in buying.
Shortie
- 11 Jul 2013 12:03
- 764 of 2763
I can never be bothered with starting threads as I don't usually remain in a position for long enough.
goldfinger
- 11 Jul 2013 16:28
- 766 of 2763
Was meaning here Shortie.
goldfinger
- 12 Jul 2013 13:57
- 769 of 2763
System chucked RSL out earlier. Wish id bought it now.
goldfinger
- 13 Jul 2013 12:39
- 770 of 2763
WEEK AHEAD.........
The week ahead...
By Darshini Shah and Julie Fisher | Fri, 12th July 2013 - 17:00
It will be a busy five days, with plenty of economic news as consumer price index and unemployment figures for June are released.
Monday 15 July
Trading statements
SThree, Frenkel Topping Group, Amino Technologies, Thorntons.
AGM/EGM
GB Group.
--------------------------------------------------------------------------------
Tuesday 16 July
After a quiet Monday, healthcare company BTG (BTG) will publish its first-quarter interim management statement.
Recent news: The company's fourth-quarter results disappointed, with earnings per share (EPS) coming in at 12.5p versus consensus expectations at 13.5p.
"Clearly after a miss in the fourth quarter, the market will be holding its breath for signs of stability in its core markets, with organic growth likely to be scrutinised carefully," says Savvas Neophytou, analyst at Panmure Gordon.
Analysts' expectations: Neophytou does not expect a change in guidance, but after a 130 basis points contraction in gross margin in 2013, he believes that any signs of margin stability will be welcome.
"We believe BTG should be a core holding for all investors that look to have healthcare in their portfolio," he stressed.
Valuation: BTG is trading on 2014 price/earnings (P/E) ratio just shy of 19 times.
Economic news:
On the economic front, June's consumer price index will be published on Tuesday.
After low inflation of 2.4% in April, the index was up 2.7% in May, and Victoria Cadman, an analyst at Investec, predicts that June's figures will reveal a 3% increase on June 2012.
"Petrol prices have crept up by around 1% month to month in June compared to a decline of 3.2% between the same two months last year," she says, explaining the rise in inflation.
"Food prices also look to have risen month to month, compared against a modest dip between the same two months last time.
"Finally, clothing prices look set to provide an upward influence, with these likely to have declined by a smaller amount month to month than the hefty drops in the same months last year."
Tuesday will also see the producer price index for June.
In May input prices were up 2.2%, and they are forecast to rise further to 4.2% in June due to "sharper decline" in the equivalent month last year, according to Investec's Philip Shaw.
He expects a 1.6% rise in output prices, again due to weak comparatives, as there is a background of "soft commodity prices and subdued pay".
Trading statements
Michael Page International, Rio Tinto, ITE Group, Dragon Oil, Computacenter, BTG.
AGM/EGM
EPE Special Opportunities, Vianet Group, Cyprotex, Dairy Crest Group, Securities Trust Of Scotland, Coms, Green Dragon Gas, Great Eastern Energy Corporation, Greka Drilling, BTG.
--------------------------------------------------------------------------------
Wednesday 17 July
Economic news:
Figures on unemployment for June and average earnings for May will be published on Wednesday.
Cadman expects headline pay growth to be up 1.3% for May, "falling more in line with its weaker earlier year trend", after April's earnings benefited from the cut in the 50p tax rate.
"Unemployment looks set to continue to track down, feeding off the economic recovery momentum coming through in the recent positive run of UK releases," she adds.
She forecasts a 7,000 drop in the claimant count for June and a 65,000 decrease in International Labour Organisation measured unemployment.
This will be followed by the release of the Monetary Policy Committee minutes for July, the first meeting since Mark Carney took control of the Bank of England.
Although three members have voted for £25 billion more quantitative easing (QE) at the five previous meetings, Shaw comments: "We would not be surprised if the committee agreed to take a step back this time and keep policy unchanged, ahead of next month's decision on forward guidance and the new inflation report projections."
He predicts that the committee will have voted unanimously to keep the QE target at £375 billion and the bank rate at 0.5%.
Trading statements
Hochschild Mining, Abbott Laboratories, Amino Technologies, e2v technologies, Intermediate Capital Group, Land Securities Group, Severn Trent, Fresnillo, Electrocomponents.
AGM/EGM
BT Group, Electrocomponents, Intermediate Capital Group, FirstGroup, Experian, e2v technologies, Severn Trent, Insetco, Telecom plus.
--------------------------------------------------------------------------------
Thursday 18 July
Thursday will kick off with a first-quarter interim management statement from retailer Mothercare (MTC).
Recent news: On 23 May, Mothercare reported 2013 pre-tax profits of £8.3 million versus consensus expectations of between £7 million and £8 million on reported group sales of c. £749.4 million and worldwide network sales of £1.23 billion. There was no dividend as expected.
Analysts' expectations: Jean Roche, analyst at Panmure Gordon, is forecasting a 2014 pre-tax profit of £17.1 million from £15.7m previously. For 2015, she is forecasting a pre-tax profit of £29.4 million from £25.8 million.
She has upgraded the stock from a 'sell' to a 'hold' "on the back of irrepressible momentum with respect to sporting and Royal Baby news, our perception that the online search facility is improving, and an emerging stronger UK consumer generally".
Economic news:
Thursday will see the Office for National Statistics' retail sales figures for June.
"The British Retail Consortium retail sales monitor pointed to steady growth in sales values through June with shoppers encouraged out by warmer weather, helping sales of clothes and shoes particularly," states Cadman.
She expects a relatively low month-on-month increase of 0.2% for June due to the "sharp" rise in May (2.1%). This will mean that sales were up 1.7% on June 2012.
Trading statements
Breedon Aggregates, Arbuthnot Banking Group, Sports Direct International, Mothercare, Biome Technologies, London Stock Exchange Group.
AGM/EGM
Mothercare, Land Securities Group, Speedy Hire, B.P. Marsh & Partners, McKay Securities, Boussard & Gavaudan Holdings .
--------------------------------------------------------------------------------
Friday 19 July
Economic news:
June's public finance data will be published on Friday.
"Comparing the public finance data for [2013] and [2012] involves filtering out many distorting factors, including QE coupon cash, Royal Mail assets, 'late' income tax receipts, Swiss tax payments and volatile spending figures around the turn of the year," says Shaw, adding that figures for 2013 "show some improvement".
Public sector net borrowing stood at £8.8 billion in May, and Shaw predicts that this will be down to £6.5 billion for June, which "represent[s] a further modest improvement".
Trading statements
Vodafone Group, Record.
AGM/EGM
British Land, Big Yellow Group, StratMin Global Resources.
goldfinger
- 13 Jul 2013 14:38
- 771 of 2763
Was given a nudge nudge wink wink tip on twitter for Amino Technologies reporting on monday.
Didnt take it but if it turns out to be true Ill take them in future.
Very high profile feeder.