The next focusIR Investor Webinar takes places on 14th May with guest speakers from Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
Over 6% now. But the rise only came today, not Monday with the numbers or in July with the update. On that basis when HVN put the umbers out end Sept can we expect the same? My son works for STHR, at last mthly dept meeting they had more jobs than applicants on his sector for the first time since Feb, I think recruitment is on the up, even UK, and HVN is still on a very modest rating.
Perhaps this will help HVN rise in sympathy.
At last some decnt buys and upward movement. Very good company, (IMO)
Well spotted rollo, Michael Page has also updated the market this morning with growth Asia Pacific, US, less so UK but overall positive. HVN are under-valued.
0712 GMT [Dow Jones] Hays' (HAS.LN) 4Q '10 results show a return to year-on-year growth for the first time in two years, which is clearly a good sign, says Seymour Pierce. Notes on a like-for-like basis net fee income was up 8%, compared with the same period last year, driven by Asia Pacific. Nevertheless, says growth rates are slightly disappointing compared to those reported by peers such as Robert Walters (RWA.LN). Adds UK conditions remain tough. From a valuation perspective, says there is better value in small cap stocks such as Harvey Nash (HVN.LN), which it rates at buy. Has Hays at hold, with 100p price target. Shares +3.9% at 94p.
Sorry forgot to state that author owns shares in this stock.
Very low debt, increased market share so that when recovery kicks in it will be well placed, good current low price and a decent (ish) divi due next week. Plus a good write up. There is plenty to recommend in Harvey Nash's shares, not least its progressive dividend policy, which in 2009 delivered a 10 per cent increase in the total divi. Furthermore, shares in Harvey Nash, which trade on a 2011 price to earnings ratio of 9.6, now look good value and are at a substantial discount to rivals Michael Page and Hays, according to analysts at Numis. The Independent says buy.
'Turning to my own trading programme, I just bought shares in Harvey Nash (HVN), a personnel recruitment company. Unlike its competitors, Harvey Nash is not a “pure play” recruiter. It also does IT outsourcing. This is a double-edged sword. Outsourcing generates steadier profits than traditional recruiters during all phases of the economic cycle. But profit margins are lower. Steadiness also means that profits might not recover as sharply during economic recoveries. It causes some traders to gravitate to other pure play recruiters. My own view is that steady revenue flows are a blessing during uncertain economic times. The company’s price/earnings ratio is well below the sector average, offering scope for a share price improvement. An added plus is the industry consolidation trend now under way. I believe Harvey Nash is a potential takeover target. Its global offices can easily fill gaps in the acquirer’s own geographic coverage. Harvey Nash’s recent interim management statement sees pre-tax profits for the current year of at least £4m. Its dividend-yield approaches 6 per cent. I find no negatives in this company’s prospects.' Stock market historian David Schwartz is an active short-term trader writing about his own trades and strategies
How to hedge sterling devaluation To reduce your risk to the pound, all you need do is to sell it and buy foreign shares. But which currencies to buy? Which shares to buy? On top of this, you’ll likely end up increasing your transaction costs. The good news is that you don’t need to work out which currencies are likely to do better than others. You don’t need to go hunting for foreign companies to invest in. In fact you don’t even need to worry about changing your pounds into dollars, euros, or whatever to buy the stock. All you need to do is be a little selective among the FTSE stocks to find which will be the winners as sterling devalues. Separating the winners from the losers in a sterling crisis In the event of currency turmoil, not all stocks will react in the same way. For some the new environment will be a disaster, for others it’ll translate into profits. The companies to avoid are those whose costs are in foreign currency, but have sales in sterling. Many retailers fall into this category. They’ll import wares in expensive foreign currency, and then sell them for devalued sterling – not a happy place to be. The winners from a sterling collapse will be companies whose costs are in sterling, but have foreign sales. When they sell their products in the international markets, they receive strong currency, yet their input costs don’t move. Pharmaceuticals – the great bet So, what’s our top recommendation in the winner’s category? It’s pharmaceutical giant GlaxoSmithKline (ticker: GSK). GSK has practically no sterling revenue. The table below is taken from their recent accounts, you’ll see that sterling sales are a trifling 3% of the total. Better still, GSK’s earnings are pretty much a diversified basket of world currencies. This is exactly what we’re looking for. GSK Earnings by geographic segment. Year ending 2009 World market by geographic region Value £bn % of total USA 187 40 Europe 131 28 France 25 5 Germany 24 5 Italy 16 3 UK 12 3 Rest of World 150 32 Emerging markets 66 14 Asia Pacific 20 4 Japan 50 11 Canada 11 2 Total 468 100 A significant proportion of GSK’s employees are based in the UK, so relatively speaking, these staff become cheaper as the pound falls. The pharmaceutical industry is heavily geared towards research and development, so a reduction in staff costs is very welcome. When all of these foreign sales are translated into sterling, the figures just get better and better all the while sterling falls.
post 1710 for a balanced opinion on nvta http://www.advfn.com/cmn/fbb/thread.php3?id=14110535&from=1710 this is great actually hvn has had a nice pleasant rise from 32p and no one else posts here, im sure roxi will appreciate all donated profits.
I ahve to find tghat report I was on about, it basically said that silver etf's are being held down by goldman sachs I think which was keeping the price depressed. However if you wanted to find an ounce of silver there was no way you would pay as cheap as the commodity price stated. In other words it'll explode sooner or later. India I really like.
the etf's are well beyond my knowledge. And Im not worried about sterling at all but i am looking forward to the euro's demise as that has to happen a) for europe to get back on its feet and B) because theirs to many companies of different strengths involved in it. Will germany help, highly unlikely. Will they let the countries collapse, no. It is in almost every european' countries interest to let the euro fall a bit. It's certainly spains only chance of coming out of recession in the next few years. Conservatives will win by a small majority, certainty will return and the pound will strengthen. Im aiming for 1.3 euro's to the £ minimum Jack, I think you're going to have to look at each companies different situation regarding the currency side. And my motto is keep it simple, the more complex it is the more chance of me failing. Andy, ive started teaching english, helps keep me busy and not so trigger happy.
Thanks for your feedback. (& the tips) I am watching them at present. It will be interesting to observe the reactions and impression from the international community after the world cup in SA. Since Sept last year I havent executed any big sells to speak of. Market has dipped a bit since then. I am watching for opportunity now and have set aside a bit in my ISA and trading account for reinvestment. I get on with home DIY jobs when things are not moving favourably. Keep in touch. Bye for now
Hi. read your post. SA will be OK. Their economy is predicted to grow and nationalizing mines is not on the cards for the next few years.
good to hear from you :-) And nice travels, lucky man. Still after 3 years I figure I owe the world a bit of graft ! Trading was going really well but I got cocky last year and then impatient and thats when i started making mistakes. So i backed off and am now a lot better trader for it. You live and learn. IFL has been in the hands of large traders, now they've decided to take it back up again. great but I don't know how long it will last. I agree with sage and everyone about the company, mment etc but in the end it's the market that decides and fundamentals will only out in the end. That could be a long time. The slightest bit of uncertainty and they'll take it back down again. Its on sets so easily influenced outside the mm's. Do i think it will be higher later in the year, yep but we've got may,june and july to get through yet and the could be dead months. Do i think it's a takeover option, yep definately. Especially at these prices. Glad you're well. Tip for the next 2 years, rxp, nvta,
I think the lecky business is just seeing what they can get away with, do i blame them , no. As for gov't policies well the uk's not exactly helping business lately. I've been in and out of plaa and elr and when one has problems the other goes up. Plaa has problems at the moment, elr keeps going up. Both are good businesses, with good mment. Zimbabwe is a good example of how things can go wrong but different history all together. and the history does help. However im not an expert and if it can go wrong for sure it will sooner or later. South Africa is unique lo as it does have a booming economy for mining. Then again zimbabwe had a great farming industry. Is anywhere safe, not to that extent and I guess if you're that worried its worth watching closely. But i think thats what you should do with all investments/trades. Ifl and jlp are good examples as their t//o targets and potentially excellent businesses with good management. However both charts have roller coaster like symptoms caused by traders which i think can do more damage than govts. Am i worried about SA in general, no more than say kazakstan or nigeria. Its not safe like the usa but then again they've had enough natural disasters/ man made disasters lately to scare off a few investors. Do I think the SA govt will let someone ruin their golden egg, nope, but govts change. Do I let political worries affect my investment choices, not really. I'm aware but it doesn't really worry me. Then again i watch quite closely. However i would be very wary of investing in Russia just from past history, if a country gets a history like that for sure I change my attitude. This is just me typing as i'm thinking so no real structure or logic just my thoughts. I think given the last 3 years most countries are aware how much they need each other and their business and hopefully are a little more careful with what they do to their economies. Even Russia is changing its attitude lately. Still wouldn't invest their lo, I like kazakstan lo and they have a history of jumping on large oil companies for more tax. Saying that the last thing we need is protectionism. Long day so excuse my rambled thoughts.
back later so catch up then, no one really uses this board so I think its okay for chatting on. One for you to look at in india is ucp, check the board. I think it will have a very good future. Worth reading back on the advfn board as well.
although this is quite a good company I only jumped in here because of volume, oversold, and theres a lovely gap on the chart that I'd like to be in when it closes. Im not expecting any more than 20% but the NT's just jumped in and they released some good results. Regarding south africa, politics will always get sorted out. Mining is key to their economy in fact its probably their only economy. IFL and JLP are both good stories with excellent management. Colin bird I highly rate and this is his pension fund. Wendy durham who posts on advfn writes some excellent articles on con roast and the advantages, these have definitely swung me to a long term hold After watching the trading patterns for the last 5 months I'm sure that JLP will get taken out at a lot higher price. Large holdings have been taken and someone deliberately was knocking the price down. IFL exactly the same, trading patterns indicated to me that it was being held down either for t/o or for someone to take huge positions in. If IFL isnt taken out then its being traded by some hefty people who can control the price easily, in which case just follow the trend. What's your concerns on south africa.
Panmure Gordon expects recruitment and outsourcing firm Harvey Nash (HVN) to benefit from increasing levels of activity in the US and UK markets and growing enquiry pipelines. The firm's unchanged cash position, despite lower earnings per share and growth in dividends, will mean that it will be able to take advantage of acquisition opportunities "to drive growth into the upturn". European markets are forecast to remain challenging, but the firm's IT bias "could result in earlier recovery than other pure recruitment plays". The broker said it would wait on the stabilisation of European markets before changing its flat earnings per share estimates. It did raise its target price from 39p to 46p, viewing the shares as "too cheap" and upgraded its stance from 'hold' to 'buy'. The share price remained unchanged at 34.5p.
yep, i just found that one and had a look back. Also termed as an illiquid stock, but that will depend on if there is an overhang (seemed like it the other day) and whether volume can shift it. Again its a different one for me but how long I'll be in it for im not sure :-) Time will tell :-) ATB and thanks again nb: a lot of traders off advfn are interested in this, good or bad thing im not sure :-)
ap50-thanks for your thoughts. Im still in and will see what happens with the trading statement due soon. Things that interest me short term are the insti's buying in the other day(quite large volume of this share), what looks like an overhang, michael page's results (read across) , the gap that was created due to the last trading statement-so if we get a rise it'll be quite quick. And the possibility of a positive forward looking statement with an uplift in the asian side of the business. (uk will be the same, but hopefully positive going forward) However it all depends on that trading statement, of course. Last week Level 2 looked very solid with all mm's at 34 on the bid and the rest spaced out 35 upwards. Could it be a quick 10-20%, possibly. Could it be stagment and boring-also possible. I dont see much downside for now. Not my normal sort of share (also in nyo and angm) but could be an interesting play.
are you still in this ? Huge volume today with what looks like an overhang clearing (any ideas). Have to admit I know very little about them just jumped on at 35 due to volume (hows that for honesty). Wish you all well and looking forward to bridging the gap and a bit of reading . :-) gla
Okay,cheers for that mate,will check email later or tomorrow morning latest and report back,jamesmaggs@live.co.uk look forward to the full s.p!!!!
I concur! good luck mate,james
Well i think you and i could put ourselves forward for some consultancy royalties mate! Never go on the other boards,just lse,but my own email is my name here@live.co.uk,if you ever want to discuss more privately but only check once a day. I dont mind making the call but i guess as you,ve spoken to him before and i,m just an anonomous poster he,s going to be more willing with you. I,ve never shorted anything as i dont do cfd,s or whatever they are but as i understand it,shorters will only be rewarded on the fear factor,so the good news and particularly production updates and as i said,better still a director buy/notifiable top up would surely eliminate the negativity till they,ve really got something to shout about. My opinion on them has always been that they dont need to look for it so much as prove they,ve got it,i guess they know that too,but some reiteration wouldnt go amiss!!! Let me know what happens mate