Member Info for ParanoiaBlue

... I am also fairly negative with this one.

"WPP FY Net Pft -5.8%; Revises Dn Operating Margin Targets WPP Group PLC Friday reported a 5.8% fall in full-year net profit and revised downward its expectations for operating margins in 2009 and 2010 due to the steep drop in the advertising market." ....going forward is looking negative!

"The widely anticipated fund raising by plumbing and heating products distributor Wolseley has materialised. It will be raising around £1bn through a combination of a rights issue (to raise £781m) and a firm placing (to raise £270m). The company said 2008 profit before tax, exceptional items and amortisation and impairment of acquired intangibles was £97m, 61.4% down on same period last year, or down 65.6% in constant currency"

"The cash crisis at Punch Taverns has prompted Britain’s biggest pub company to consider selling some of its most prized houses as it seeks to raise funds to whittle down its £4.5 billion debt pile. The Times understands that the company has appointed advisers to approach several family brewers – including Fuller’s, Young’s, Charles Wells and Shepherd Neame – to ask them to draw up a list of pubs they would be interested in buying and to put an offer on the table, reports the Times."

"Advertising agency WPP saw profits rise 3.8% last year and increased its dividend by 15% but revised down slightly its revenue forecast for 2009. Profit before tax rose to £747m from £719m on revenue that increased 20.9% to £7.4bn. On a constant currency basis, revenue was up 9% and on a like-for-like basis, up 2.7%." Worth a quick short on this bounce!

.saw its shares rise by 1.75p to 70.5p after the luxury fashion brand gave a trading update. The company had indicated in its interim results that the financial performance for the year to 31st March 2009 was expected to fall short of market expectations due to the slowdown in consumer demand, and in particular, UK retail sales. However, during the Christmas week and throughout January, the UK retail business achieved significantly stronger sales than expected with sales of like-for-like stores more than 30% ahead of those achieved during the prior year. Margins were therefore maintained and the company did not go into sale until Boxing Day and controlled the level of markdown to its products during the January sales. The adverse weather at the beginning of February did slow sales but improvements have been made since and during the last two weeks like-for-like store sales have been running at similar levels to the good figures achieved last year. Due to these stronger sales figures the board now believes that results for the year end will be ahead of market expectations. Initial reaction to the new Spring 2009 collection has been encouraging and Mulberry with its strong brand and balance sheet is well positioned. However, the global outlook still remains uncertain and International partners are being cautious and orders for the Autumn 2009 season are not expected to increase. The board has not altered its forecasts for the year ending 31st March 2010

General market sentiment, I think. All my pharmas have dropped a bit today!

FH1 :)

Yes, I got in again, yesterday, when everything perked up. Just got out again, now. So back on the sidelines watching.

"Plumber’s merchant Wolseley shares are still riding high, as investors speculate an impending rights issue announcement."

http://www.independent.co.uk/news/business/news/segro-issues-163500m-rights-issue-to-pay-down-debt-after-unveiling-near1631bn-loss-1637740.html I feel a short coming on soon.

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I love sticklers for details – they usually become experts in the differentiation found in the insect world!!! Only joking mate! ATB Make good investment choices!!

Then you’ll be flooded out, and have to spend the next 6 months in bed-sits. The drains, as they back-up, produce the most awful selection of “the non-descript” in pleasant company. Take care. Save your slippers, if that is all that you can, at least, that is a start to integrate the gregarious past, into the harsh properties of the real world. Take care!

Guys.. I'm still long term negative on this one!

But beware.... it usually all runs down the drain !!!!!

…the “big freezer” looms!!!

..on any spikes = only rational approach here. ATB

It helps you to check any typos or spelling mistakes. Give it a try, I may help to disguise, a little, your rather suspect cerebral level!

Does this share have any dyslexic link to some pressure group?