Member Info for ParanoiaBlue

There are some compelling reasons to invest in Intercontinental Hotels. The group, which owns Holiday Inn, is the world's biggest operator of mid-scale hotels. It has a $1bn marketing budget, which helps, as does the company's strong balance sheet and pipeline of 1,700 new hotels. But its market has not yet returned to health and there is more pain to come first. Avoid says the Independent.

Hi. Yes I note this from the Telegraph: "Hedge fund Lansdowne Partners has taken a short position in builders merchant Travis Perkins, once of the most heavily shorted stocks in the FTSE 350. Travis Perkins slid 29½ to 730p. Meanwhile US funds BlackRock and DE Shaw have disclosed short positions in platinum miner Lonmin. However, the move to short these companies could be part of a rights issue arbitrage trade. This a trade used by many event driven funds. It typically involves shorting the company and buying the nil-paid ordinary shares. Lonmin lost 125p £13.35."

Yes, I see it is still sliding, but it can be a real besom, and really turn around quickly and bite you. However I’ve moved into a few other positions, and opened a few more spot gold contracts. It looks like it could be a good day, to make a bit on the downward direction. After having been “nipped” too often in the last couple of month’s “bull trap – I tend to keep on my toes. ATB PS I’ll certainly be keeping an eye on PUB to get in again, at some stage. Doing well with YELL, today.

..out again for now

..out @ 32p, for now, but waiting to get back in on any dips. ATB

...for a possible drop. "Builders merchant Travis Perkins recent share price rise is truly remarkable in a market that its own chief executive admits could remain moribund for three years. The group has no significant overseas operations, so it is also particularly exposed to the parlous UK construction sector. Most analysts regard it as the best managed of its peers and yesterday's rights issue should remove any remaining fears about the balance sheet. But compared with a sector average of 9.7 times, its forward price/earnings ratio of 10.5 times now looks fully valued says the Times."

Charles Stanley initiated coverage of shares in drug developer Antisoma with a 'buy' stance. The broker argues that the company has a broad and diverse pipeline of oncology products, of which one has been approved, two are in Phase III trials and four more are at Phase I and II. Antisoma's key product is ASA404, a cancer tumour treatment drug which has been partnered with Novartis in a deal worth up to 890 million dollars. Two further pivotal studies on the drug are underway and will report in 2011. Another promising product is AS1413, a DNA intercalator in Phase III development, however the broker added, "We view this as a high risk project since the clinical data so far has been pretty sparse." Further data is expected in late 2010 or early 2011. Oral fludarabine another of the group's offerings, was approved by the FDA in December 2008 and this is due to be divested before Antisoma's June year end. The company’s other clinical projects are interesting but the broker has not included them in setting its valuation, although the brokers NPV model will begin capturing them as they move further through the development stages. The broker concluded, "Antisoma is currently funded through to mid-2010 (£52.7m net cash at December 2008) and the proceeds of the divestment should extend this by at least a year." Shares in the company finished 0.5p higher at 30.5p.

This gearbox has been worked well, today! Thank goodness for synchromesh!

.......a continued hold, for now.

"gear ratio change!!"

..charms can turn into jinxs! :) PS you must nip in after I've made my cash on the short! :) But, be very aware, massive bear correction looming very soon. Grrr.... don't get mauled.... ATB

....here, guys! Looking for another reasonably pofitable short before long.

Thanks for that. I’d forgotten. I’ve held these for ages = bummer! However, I had always hoped, that this Chinese tie-in would reap some benefits. Maybe one day…….. ATB

What colour was that flag, and also those in the background?

…. set a limit [sell] order @ 31p – hoping to get in at a lower level, again – however both expired, unfilled. Never mind, I still see good potential here.

SP reflects only the value of their cash pile - yes, they’ve lots of cash :) - $67.2m. …”low operating costs and a long mine life offer attractive upside when metal prices recover” [IC]

...will be realised, before too much longer here.

.....certainly been nothing official, but that is par for the course :{

...yet again :)

.................continued positive movement! :)