Member Info for jange

Admiral Group (ADM) where a share price recovery was triggered by news that it is extending its existing UK car insurance reinsurance partnerships with Hannover Re, Mapfre Re, New Re and Swiss Re until 2014. Credit Suisse also upgraded the stock from neutral to outperform in the run up to the March 7th full year figures, and suggested that the results “represent the first step for Admiral towards regaining market confidence in that bodily injury challenges are being resolved.” Credit Suisse forecasts pre-tax profits to hit £295m, up 11% year-on-year and close to the 10% growth guidance provided at the Q3 stage

Results from the other highflying UK engineer Weir Group* (LSE:WEIR) were much as expected with EPS up 33% to 133.6p with a positive outlook statement. Seismic specialist CGG Veritas reported slightly below expectations but guidance for 2012 was very positive with forecasts of increased seismic demand and group revenues expected to grow from 10%-15% in 2012 (FFest 12.6%)

High flying Rotork* (LSE:ROR), the manufacturer of valve actuators and control systems and valve gearboxes, reported the usual set of outstanding results with pre-tax profit for the year ending 31st Dec 2011 £112.55m compared with £97.86m for the prior period. Order intake was up 20.9% with the year end order book of £157m. The Group’s wonderful cash flow supported six acquisitions in the year yet still left net cash of £48.5m at year end. The valuation at 19x 2012 estimates and 18x for 2013 looks very rich but ROR has consistently delivered over the long term and benefits from strong support. With end markets (oil & gas is 53% of top line) in great shape who’s to say that won’t continue. With the order book offering only limited visibility (£157m vs full year projections of c£500m) the situation could change quite rapidly – although it hasn’t in living memory!

Come on riig need a blue day here.......

We could do with some news here its dead.........

GOOD LUCK ALL......

Just wishing my self a good day lol.....

Good entry price for anyone thinking of getting in.......

Same here seem to have been here an age lol....

OF to work soon have a good day people,good start 9 % up....

Pay close attention to Pressure Technologies With increasing demand for deep water drilling rigs its worth pointing out lowly rated Pressure Technologies* (AIM:PRES) whose ultra large cylinders for motion compensation systems are used on deepwater oil and gas rigs. Shares in PRES trade at sub 7x Oct 2013 full year estimates, yield just over 4% and there was net £2.9m cash at the Oct 2011 year end. During the last up cycle in deep water activity, reflected in the 2008 and 2009 financial results, PRES reported earnings per share of 31.3p and 33.6p respectively on full year revenues of £23.7m in 2008 and £25.8m in 2009. PRES is now a substantially larger business than it was 3 years ago with an Engineered Products Division that will also benefit from rising activity in oil and gas markets and a BioGas Division that appears to be on the cusp of delivering. The shares reached a high of over 320p back in September 2008 yet currently stand at half these levels (150p). I acknowledge that PRES has disappointed in the past but that was almost entirely due to the precipitous fall in demand for its ultra large cylinders brought on by the Gulf of Mexico oil spill.

John Wood Group* (LSE:WG) announced that it’s PSN division had been awarded a two-year contract extension worth £75m from Shell in the UK to deliver midstream engineering and construction services to the St Fergus and Mossmoran gas plants

AMEC* (LSE:AMEC) the leading engineering group with its principal activities focused on the natural resources arena reported a 11% increase in revenue to £3,2bn due to strong performance of the oil and gas and minerals and metals markets. Adjusted net profit came in at £235m, and the dividend lifted 15%. The cash ricjh group also announced news of a £400m share buy back.

Fellow emerging markets focused bank Standard Chartered (STAN), may be tarred with the same brush, but the “bad” news revealed at the beginning of December was that net income for 2011 was now expected to grow at just below double digits – a problem that part nationalised plays RBS (RBS) and Lloyds Banking (LLOY) would just love to have. Indeed, this view was echoed by broker Nomura who said it was actually encouraged by the pre close trading update from StanChart, given the current challenging global trading environment

PRICE TARGET 630p STOP LOSS 568p TICKER UBM CURRENT 590p

On October 18th Business events organiser and publisher UBM said underlying revenues for the nine months to the end of September had risen 8.5% on the previous year to £706.2m. Adjusted operating profit at the publishers of Property Week and Farmer's Guardian rose by 16.4% to £127.5m giving a margin of 18.1% (Sept 2010: 17.0%). The company added that its events business continue to demonstrate excellent growth and strong margins, particularly in China and across the emerging markets. As well as decent revenue growth and improving margins, UBM is of interest as an emerging markets play, a factor that could go some way to explain the sharp rebound in the shares to end 2011. This recovery is expected to continue in the run up to the preliminary announcement on February 28th, and as such warrants a buy rating

Dream Scenario: UBM shares continue to squeeze higher on the back of its emerging market growth attractions. Nightmare Scenario: The trading update next week reveals that too much of the good news is already in the share price.

Shares in UBM have rebounded sharply from a December sub-450p bear trap, and while the 20-day moving average is held at 568p, we anticipate upside and a retest of former March resistance through 630p.

Gold: All of a sudden things seem to be shaping up in a very positive way for Gold, after nearly 6 months on the back foot after a sharp decline from an all-time peak through $1,900 in September. The immediate aftermath of the €130bn Greece bailout is of course seen as inflationary, but the technicals of this market are heating up too. What should help the price action here in the near term is the run up to a golden cross buy signal between the 50 and 200-day moving averages, especially because the last time this signal was delivered in January 2009 this market rose over 10% from $900 to $1,000 an ounce. At this stage only back below a December line of support running through $1,730 would even begin to delay the prospect of a relatively “easy” assault on the $1,800 plus zone last seen at the beginning of November

Financial Times owner and educational publisher Pearson (PSON) has so far proved to be a post Credit Crunch outperformer, managing to dodge the bullets of the volatility in the finance zone, as well as austerity measures. Indeed, even more than a cursory glance at the newsflow from the group in recent months will reveal that it has made quite a habit of upping its profits guidance. While it may be too much to expect another guidance hike on this occasion, it will be interesting to see whether the strong finish to 2011 has been maintained