CHART ATTACK - Longs and Shorts. (epic char)
(CHAR)
goldfinger
- 12 Jan 2010 20:42
A thread created for the TA of charts on the LSE markets. (aim and plus included)
Beginners and advanced wellcome. Long or short, just post your views and lets have some positive discussion. FIRE AWAY.
NB, UK indicies and sector charts can also to be included in posters analysis
The problem with PVCS has previously been that they tend to issue statements painting a wonderful growth story based upon the number of units they've shipped, but they neglect to mention that the selling price of the units is falling and margins are being squeezed. These downward price pressures more than offset the sales growth on a per unit basis, and this only comes to light when they issue their accounts which aren't nearly as rosy as their trading statements suggest.
I'm not convinced that this forthcoming set of accounts will show anything any different. They're cash rich though and this tends to underpin the share price.
Hoping Drax will start to move ahead now post results - divi massively increased:
Total dividends of 32.0 pence per share, or 117 million (2009: 13.7 pence per share, or 50 million)
- In line with our policy to distribute 50% of underlying earnings
Nope hes well up now on tech now Jonuk Charlie Munger isnt, hes even well into Derivatives which he hated only 2 years back. Lovely personal PM from him, I was amazed.
Rotten day again.
Think it could take while monday to see some recovery.
London Stock Exchange has put the SETS and SETSqx Trading Serivces into PAUSE - no continuous trading is currently taking place in order driven securities. Further update will follow shortly