Not much of a day - a lot of stuff off on the back of the US - S&P at a critical level - if it closes down today I reckon it's a 1050 retest perhaps. Still, the S&P held 1088 last night so at least that says there are bulls around, or at least the bears aren't as bearish as they could be.
Not done much, finished selling my GDWN where I've got bored - want to chase faster stuff.
Thursday, 12 August 2010
Wednesday, 11 August 2010
Weds Aug 11th - Trading Day
Good Morning.
NTA the star today - up nearly 50% but still looks very cheap based on Lancasters and their share - added more today.
NSR been rising on a stream of 50K trades recently - up on £1 bid rumour today which looks plausible imo
TSW strong, DVO making new highs, RGD bouncing further. Seems all these larger cap stocks on SETs are far more skittish these days than small caps on SEAQ - makes a mockery of the idea that SETs aids liquidity and reduces volatility imo - seems to exacerbate it imo. SETs stocks are daytraded in high volume these days and it makes builders and banks just index proxies most of the time imo
NTA the star today - up nearly 50% but still looks very cheap based on Lancasters and their share - added more today.
NSR been rising on a stream of 50K trades recently - up on £1 bid rumour today which looks plausible imo
TSW strong, DVO making new highs, RGD bouncing further. Seems all these larger cap stocks on SETs are far more skittish these days than small caps on SEAQ - makes a mockery of the idea that SETs aids liquidity and reduces volatility imo - seems to exacerbate it imo. SETs stocks are daytraded in high volume these days and it makes builders and banks just index proxies most of the time imo
Tuesday, 10 August 2010
Tues Aug 10th - Trading Day
Good Morning.
PDG Interims rather good imo but debt is increasing - if they do reduce it in H2 then they should rally well. Up today but looks a bit of a sideways job for a while imo.
CIU breaking out on contract news. Bought more this am
NSR up again, looking forward to seeing latest broker forecasts.
DVO looking to make new highs.
IND warn - not impressed by co's that try to warn at 7.30am and hope the market misses it.
PDG Interims rather good imo but debt is increasing - if they do reduce it in H2 then they should rally well. Up today but looks a bit of a sideways job for a while imo.
CIU breaking out on contract news. Bought more this am
NSR up again, looking forward to seeing latest broker forecasts.
DVO looking to make new highs.
IND warn - not impressed by co's that try to warn at 7.30am and hope the market misses it.
Monday, 9 August 2010
Monday Aug 9th - Trading Day
PMP - cracking results - earning always weighted heavily to H2 and even more so this year with Spode now in the stable.
Suspect a few traders were expecting to see half the earnings in H1 and traded out :-)
Divi up 10% says enough for me - never reduced their divi since floating. Must beat for the full year by some way in my opinion having done more that half the expected eps gain in H1.
Bought more XPP this am
TNI and HMV going well
All my opinoin, no advice intended or implied.
Suspect a few traders were expecting to see half the earnings in H1 and traded out :-)
Divi up 10% says enough for me - never reduced their divi since floating. Must beat for the full year by some way in my opinion having done more that half the expected eps gain in H1.
Bought more XPP this am
TNI and HMV going well
All my opinoin, no advice intended or implied.
Friday, 6 August 2010
Something for the Weekend
A stock I'm holding is Dawson Holdings (DWN)
I expect a trading statement from DWN soon, they are fully listed and have to have in Interim Management Statement - this was released on Aug 14th last year and should be released around the same time this year.
DWN got hammered when Smiths News and Menzies stole nearly all their newspaper distribution business, This nearly finished them. But in May at the Interims they reported:
Revenue of GBP39.4m (2009 GBP44.6m)
Underlying performance:
Adjusted1 profit before tax was GBP0.6m (2009: GBP0.6m)
Adjusted1 basic earnings per share of 0.5p (2009: 0.3p loss)
Statutory results:
Reported profit before tax of GBP0.1m (2009: GBP2.4m loss before tax)
Basic earnings per share of 0.1p (2009 4.6p loss).
Cash generation from continuing operations was GBP1.4m (2009 GBP0.1m
outflow)
Net cash at 31st March 2010 of GBP1.5m (30 September 2009: GBP0.1m)
Dawson now has 3 profitable, cash generative divisions.
Just £3.9m mkt cap. Net cash of £1.5m and adjusted pre tax profits of £600K in H1.
In June the Chairman and the CEO bought 100K and 130K shares each, respectively - doubling their holdings.
The above figures seem to make this company look cheap imo. As always this isn't investment advice, it's just a stock I find interesting with the trading statement due in a weeks time and therefore I hold.
CR
I expect a trading statement from DWN soon, they are fully listed and have to have in Interim Management Statement - this was released on Aug 14th last year and should be released around the same time this year.
DWN got hammered when Smiths News and Menzies stole nearly all their newspaper distribution business, This nearly finished them. But in May at the Interims they reported:
Revenue of GBP39.4m (2009 GBP44.6m)
Underlying performance:
Adjusted1 profit before tax was GBP0.6m (2009: GBP0.6m)
Adjusted1 basic earnings per share of 0.5p (2009: 0.3p loss)
Statutory results:
Reported profit before tax of GBP0.1m (2009: GBP2.4m loss before tax)
Basic earnings per share of 0.1p (2009 4.6p loss).
Cash generation from continuing operations was GBP1.4m (2009 GBP0.1m
outflow)
Net cash at 31st March 2010 of GBP1.5m (30 September 2009: GBP0.1m)
Dawson now has 3 profitable, cash generative divisions.
Just £3.9m mkt cap. Net cash of £1.5m and adjusted pre tax profits of £600K in H1.
In June the Chairman and the CEO bought 100K and 130K shares each, respectively - doubling their holdings.
The above figures seem to make this company look cheap imo. As always this isn't investment advice, it's just a stock I find interesting with the trading statement due in a weeks time and therefore I hold.
CR
Friday Aug 6th Trading day
Wheat seems to be the big talk at the moment - might be a good short term trade - not sure it affects UK co's that bake very much longer term. Like the corn price rises 2 years ago when everyone was supposed to be making ethynol, as soon as these commodity prices rise then farmers move to growing the crops in demand, then the price comes back. Bit like these hurricanes that hit the gulf - sends oil up short term but really it's noise imo. Nice if you're a russian gangster tho - you bet on wheat then set fire to the stuff - simples ;-)
Highlights for me today at lunchtime:
PMP spiked this am - sellers when it hit the recent highs but I think the results next week will take PMP through that level.
NSR continues it's rise from the results - suspect there's a good broker note or two out.
TNI - dips getting bought straight way - 180p broker target - only 115p to buy currently.
LLOY - long today - it's broken out so trading that.
GKN - still pushing at that high - through 153p and that's a right old breakout - worth £2 imo.
DVO sitting on a breakout here, FENR coming to life again.
AND ticking up again - shame I sold half :-(
RDW - story in the Mail yesterday of a 170p+ bid - breaking out here and a bit lively after volume a week ago - I'm watching and ready to buy if it starts to spike up more
That's today for me here so far
Highlights for me today at lunchtime:
PMP spiked this am - sellers when it hit the recent highs but I think the results next week will take PMP through that level.
NSR continues it's rise from the results - suspect there's a good broker note or two out.
TNI - dips getting bought straight way - 180p broker target - only 115p to buy currently.
LLOY - long today - it's broken out so trading that.
GKN - still pushing at that high - through 153p and that's a right old breakout - worth £2 imo.
DVO sitting on a breakout here, FENR coming to life again.
AND ticking up again - shame I sold half :-(
RDW - story in the Mail yesterday of a 170p+ bid - breaking out here and a bit lively after volume a week ago - I'm watching and ready to buy if it starts to spike up more
That's today for me here so far
Wednesday, 4 August 2010
Weds August 4th Trading Day
Good results from FOUR today imo
14p eps adjusted in H1 - better than half the years forecast in their weakest half - 10% divi hike paying 6% here. 14p for the year by the look of it :-)
TNI up nice on broker note yesterday with a 180p target
14p eps adjusted in H1 - better than half the years forecast in their weakest half - 10% divi hike paying 6% here. 14p for the year by the look of it :-)
TNI up nice on broker note yesterday with a 180p target
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