Member Info for mark-expat

... trade with 2 seperate accounts.. I have TD Waterhouse as no2. You should also look into IG Index for spreadbetting the same with TD Waterhouse , no tax! Any thoughts on SNR?

probably will start to slow down and see some profit take... I am pulling some profit out of this one and shifting it across to SNR and will look to increase holdings at a lower entry point with MGCR

LONDON (ShareCast) - Mining giant Anglo American has announced plans to cut its projected spending in 2009 by more than half. The company said that after a wide ranging review of its capital expenditure plans, it has reined in projected spending to no more than $4.5bn. The reduction reflects “the changed outlook” for an industry which has seen the rapid collapse in commodity prices this year. The changes to planned capital expenditure will largely be achieved by rescheduling many of the group's development projects. Capital expenditure programmes for 2010 will continue to be monitored against prevailing and forecast market conditions, the company said. “We have made significant adjustments to prioritise the expenditure in those areas where we expect relative out-performance in the near term while maintaining a high degree of flexibility for our future growth,” said chief executive Cynthia Carroll. “Beyond these changes, we are making excellent progress with our asset optimisation programme and procurement and shared service initiatives, driving significant cost and efficiency improvements across the group,” added Carroll. - Might be to higher entry point for some as some profit take might soon come in , who knows , but cetainly ticking lots of boxes.

morning blue , lets see how this one fairs today ... opened up well but ftse lost some ground and WG. looks like it is trying to find direction after statement... could you , when you get 10 mins , look into SNR for me please , and post your opinion on SNR , thnx , mark.

.....maker of components for Airbus and Boeing, based in Hertfordshire, said that its adjusted full-year pre-tax profits would be in line with market estimates, helped by a surge in operating profits at its aerospace division. One of Senior's biggest customers is Boeing accounts for about 12% of sales so it is evident that the fallout from the strike that stopped production caused the SP to fall. Finals in March and a likely c.6% final dividend yield at todays SP payable in May if traditional trader. March'09 Spread bet possible at c. 34.27 to buy under TD Waterhouse , this would include the expected dividend built in , or CFD at 33.25 with IG Markets. Dividend would be paid as soon as declared with IG so should be a c.6% yield paid when the results are due in March. Worthy of doing your own research as I feel , imo , that the SP will recover and the dividend is safe , but down to you at the end of the day. Let me know any negos you may find if you do research and general feedback is always a good thing to all those looking to invest. GL.

markets received the news well , the 25% first thing was a nice step , as you say all retreated off their initial bounce through a little profit taking. BKIR a little less but Allied Irish obviously did not get an invite to the party. Will look into Allied a little more today. There is quite a bit of economic data flying around this week. Japan's industrial news is likely to fester in some investors mind this week , plenty going on under Uk and International Economic News though , look at diary at bottom of page if you do not already have link. All the best , mark. http://www.digitallook.com/dlmedia/investing/uk_shares/company_diary?

http://business.timesonline.co.uk/tol/business/economics/article5343064.ece At least their is a backstop plan being made available to the Irish Banks should they need to increase their capital ratios which should lend to some confidence returning to the Irish Banking Sector. How this actually translates to the SP will be dependent upon their representations in January and also how much has been priced in already by the institutional shareholders within the sector should share dilutions be required. Looks like the Asian markets will finish on a good start to the week and the DOW futures looking thus far that they will open up strongly , so hopefully this news will be reacted to in with confidence and some recovery might come into play, lets see what the day brings.

http://www.telegraph.co.uk/finance/newsbysector/retailandconsumer/3742801/DSG-boss-John-Browett-warns-trading-will-take-four-years-to-turn.html

... bounced around the 0.31 eurocent low between 1230-1330 which is c.0.276 pence.

.. also look at the tax involved , ie. spread betting is not everyones cup of tea , but the more experience you get presents different ops. I am leaning towards spread betting on every likely profitable transaction as there is no tax involved , but spreads vary , so does the gaining or loosing and so does the equities you can invest in such moves. I felt SGC was oversold in the main but could go lower , so I placed a CFD on the buy in ( the likely looser ) and spread bet the short ( the likely winner) . I then closed the CFD at a loss to place against previous trading gains elsewhere and cashed in the spread bet short ; both intraday and at significant overall profit. I chose to then repeat the process and will no doubt continue until the trend is reversed. Wherever an opportunity presents itself , I would reco that trading such a method be applied. Eventually ,all trades , as and when and where I can , will be spread bet once I am even with the tax man and I will continue such until the IR change their rules! The upshot remains that , if it is in the balance , the short gets closed and I am stuck with a profitable long... so be it. Flipping of the coin is one thing , being both sides of it and trading it , another. Flipping it up in the air and seeing which face it will land , another again.

.. if you consider that after the initial fall that you bought in to high on the long and that downgrades and sentiment will drag on the equity , you have 2 choices , hold your long and keep covering whilst also taking profit from the short if you think it is in the balance and trade the position , or close the long that has been covered by the short and re-evaluate when and if the trend comes back to a balance or beyond .. happy days all round.

... always worth shorting and longing the same stock in equal ratio when trying to find the bottom of an equity after a sharp fall from results whilst awaiting broker re-grading. Never throw the kitchen sink at it either as the investment may end up as useless as a chocolate kettle.

... the point about the constant shorting is two fold. Firstly , lack of confidence remains , hence drip feed your buys in timely fashion on dips and secondly , should there be a sustained rally , the upward swing will tend to be faster and higher as the shorters will close some positions and double buy back into the market to enjoy any such rally.

... the Irish Banks are not without their problems and their government to, but compared to the UK Banks , I consider that the likes of the Irish Banks have fallen harder and quicker and feel that some value is now to be had if you must look at banks. Anglo , as of most of the Irish Banks , remain constantly shorted by funds of the likes of Calypso , Lansdowne , Citade and Tiger amongst others. I like the fact that the Irish Banks are under the ECB which gives a broader and , imo , more secure platform to work from , the fact that the euro has also strengthened against sterling , considerably , and the fact that the Irish Government is likely to extend its guarantee over issued bank bonds beyond the current 2010 c. 440 euros which will maintain good credit rating levels and bode well for their future fund raising criteria. Also look at Allied Irish , ALBK.L and BKIR.L which to me , you should be more weighted in of the Irish banks , but ANGL.L well worthy of looking at. I do consider that one of these 3 will be bought out sharpish and Apax is certainly looking at taking a more serious investment in BKIR.L. I do not post often on LSE as I mainly trade the indices and short equities when given the opportunity, so do not have much in common , but I have tried to highlight the Irish Banks and give , imo , a now time to be starting to buy buy signal but start to by drip feeding and spread across the 3 banks.

A few more major thefts like this around the world should get a little more support under the price of diamonds! http://www.guardian.co.uk/world/2008/dec/06/armed-robbery-winston-jewellery-paris.

... having shorted this one for a while , it has all the buy signals at this level. Again , may drop further so one could short it if so inclined.

... the killer was that I closed my short .

... in a few trading days....

.. seems to have now found its bottom , could drop a few percentage points , but a worthy buy. So , SGC , CHLD , MGCR , RR ... all worthy of investment imo , will add another 4 over the next few days and place 8 to short.

.... they bounce back and fall too , so get a second account with TDW or a spreadbet account with IG and trade the swings.. the only way to join the swingers club.