Member Info for ecovest

Melrose was a bit of a market darling growth company until recently - if I recall a fairly recent entrant to FTSE 100. Have they bitten off too much with the recent Elster acquisition (gearing much higher as a result)? Smart metering will be big but UK rollout will be 2014-2019 so decent revenue presumably a year away. But SMS (another smart metering company) look to be making money, so who knows. And even if revenue's not what they'd like, stripping costs out should still produce profit. And of course Elster is only one of their turnaround companies - what I don't know is what % it is of their overall operations - maybe someone else on here can advise ... Also, at what stage would they be in danger of dropping out of the FTSE 100 - that would also knock SP automatically as trackers etc sell them?

yes but where are markets heading now? I suspect will drift now for a bit before making minds up.

This on my watchlist too. If this is 50% fib retrace then it's around here. Will wait until see if it goes down to the next one. Have you looked at MRO? Some decent late buys there today.

I too bought TRAP at 17 this morning. I sold here at a loss today but may come back in at some stage. Like Silverknight, I fear it may dip a bit lower before going back up, but knowing my luck it won't.

I think £5 pretty robust support, but if it rushes through it at any stage I'm out. I think you're right on property and better than gold IMO as less likely to yo-yo back down if and when things pick up. My jewels at the moment are QFI and CYAN - sitting on a decent profit with both but sticking with them as further news could be transformational for both. I also like the look of QPP. I have a few other eco-ish ones like OPE, APC, AFC and PIM but small amounts in each. TBH I'm not sure any mid-cap shares seem to be going anywhere at the moment - seem better to trade than hold to me.

Stop loss at 150 ... Surely Monday must be an up day ...

Mine's not great either. I think I have too many jewels and must pawn some. Trading pot seems only way to make money at moment and even that's tricky.

Same again today - some chunky buys but well down.

A blue day - just ... So you think bond market about to break then? Government bonds I can see, but why corporate? The latter will only break, surely, when everyone piles back into equities (no sign of that soon)? Until then they're the safest inflation beating return. And if you are prepared to lock in until the end and you choose a company not likely to go bust (eg Stobart?) then no problem? Of course if inflation flies up and interests rates with it you'd kick yourself but can't see that happening for a while myself. What's your property investment out of interest? And what % of your equities 10% is trading pot and what % jewels?

Coming back up now. Maybe just took out stops at start of play.

Drop seems well overdone. The IMS just confirms what was already widely known. It didn't wave any fairy dust, but if people were expecting it to have good news regarding the current arbitration they must be a bit out of touch with reality.

Markets have caught cold at the moment. You sitting tight or selling up (what's your strategy generally with holdings during downturn periods?)? I have moved stop loss down on this to around 486 since this seems to be general markets movement.

I think Jange and Quick-buck's posts from a page back sum up the governance issues - and Quick-buck's hopefully to the passing of one. There was a malicious post in some rag in HK about phantom orange fields at one stage last year which seemed , as no doubt intended (it was later proved as false), to spook investors. But most regard it as a good growth stock which also pays a decent div (certainly with a buy in at these levels). Rising chinese orange juice drinking middle classes - and some exposure to China without such a risk from hard landing. Ex div just recently saw the usual drop. Until then it had been rising and seemed to be establishing a new upwards trend. Then came the very recent director sells which seem to have spooked again. Oh yes, one other issue which didn't help s/p lat year was the accounting treatment of fruit trees recently planted (i.e. not producing yet) though I must say it seemed fair enough to me. When those trees start to produce (soon), then the results should look more sparkling. DYOR research but looks a good buy to me at these levels - though the more cautious may want to see if anything transpires to account for the director sells. As Pablo says though, they still hold a decent wedge.

Some very big buys today (2 in particular) and yet closes down ... Price being held for someone to load up at these levels?

Obviously some big II sellers still offloading. Not panicking yet, but I'm more or less back to square one. I think the IMS language stuff you quote is the attraction here - in particular the Asian growth potential.

Up 1.2% live price. Not bad considering the whole market's in one of its off moods again today. Let's hope it closes up around this level - building upwards momentum nicely now.

Not VLX-specific in my view. Just the general markets moving to risk-off for a bit.

Very chunky post-close buy well above the ask ...

That's a big one, well spotted! interesting to see what tomorrow brings

Yes good summary. I too am wary of buses coming in 3s. I seem to recall LAM recently as a good example ... So a definite stop loss for this one.