Member Info for ParanoiaBlue

Kesa is cheap, the group has got cash and thinks most of its losses are due to start-up costs relating to new businesses. However, the Independent would argue that in these worrying times, punters should be looking for companies performing solidly and with a clear idea of what will happen in the next year. Buyers would get neither from buying Kesa. Avoid.

If you still have some exposure, then I would hold. If not, then I probably would not buy in right now! Hmmm! Famous last words? ATB NB I think a TO, if viable, is on the cards – cash raising is becoming a bete-noir!

....actually just tried to open a quick short here with IG - but couldn't because of stock restrictions! So back to my old favourite KESA. ATB

..a quick short, methinks

“On an individual stock level Citi has recommended Hammerson and British Land as “buys”. The former’s price target has been lifted from 241p to 351p while the latter is tipped to rise to 453p, up from the previous price target of 366p.”

“On an individual stock level Citi has recommended Hammerson and British Land as “buys”. The former’s price target has been lifted from 241p to 351p while the latter is tipped to rise to 453p, up from the previous price target of 366p.”

Hi, I hadn't heard that. I'm not in this one right now. I took a bit of a hit a month or so ago with the “rash dash for trash.” However I think I posted here, a while back, that DSGI was in the Top Ten of Company Watch critical list. It is “once bitten twice shy” with this one, for now. However, once I sure that we are out of the “glubbermint-induced bull trap” I may get back in. ATB

"Huge one-off costs sent Kesa deep into the red last year. Ignoring one-off charges, profits tumbled to £77m (2008: £141.3m) primarily due to a profit decline at Comet to £10.1m (2008: £43m) and losses at Menaje del Hogar of £23m (2008: losses £1.8m). The results do not bode well for Currys and PC World owner DSG International, which makes a trading update tomorrow."

I have been amazed at the resilience here. However the SP does seem to be slowly retracing. http://www.youtube.com/watch?v=ehMepkyTGUY

Huge one-off costs sent electrical goods retailer Kesa deep into the red last year. Ignoring one-off charges, profits tumbled to £77m (2008: £141.3m) primarily due to a profit decline at Comet to £10.1m (2008: £43m) and losses at Menaje del Hogar of £23m (2008: losses £1.8m).

It is probably, at best, benign, I would have thought. They have a bit of cash left, but financial integrity will be a problem. They have a reasonable product pipeline, so they may well be taken over, at some stage, perhaps. ATB

"Shares in no-frills pub operator JD Wetherspoon (JDW) frothed 24.75p higher to 394.25p after Morgan Stanley advised buying the shares. The broker said it sees the firm as a "long-term winner" in the pub sector and reckons the slide in the company's share price since mid-April offers the opportunity to get a round of shares in at a good price. "With the shares off 18% in the last three months, we think the refinancing risks are well reflected in the price," said Morgan Stanley, which upgraded its stance for the shares to 'overweight' from 'underweight' and lifted its price target to 480p from 440p. "Its market share gains are accelerating, and we expect it to continue to generate 2-3% (like-for-like) sales growth in the medium term, enough to drive consistent double-digit EPS growth," the US bank added."

"Investors gave temperature equipment specialist Aggreko (AGK) the cold shoulder after it released a downbeat trading update. The firm reported deteriorating trading in the majority of its local businesses and warned of further difficulties in the coming year. It also warned that the comparative period for this year’s interim results was boosted by earnings from last year’s Olympics and poor weather in North America. Shares in the firm shed 32.5p to 492p."

"Pub group JD Wetherspoon gets a lift from broker comment, however, after Morgan Stanley said the 18% decline in the share price in the last three months offered a good buying opportunity. The US bank upgraded the stock from “underweight” to “overweight”. - worth a short here.

Board change http://www.alizyme.com/alizyme/media/press/show.jsp?ref=149

50% of my short.

Closed my last short. ATB Those still long.

Reits suffer further blow as Liberty 'takes a £30m hit' http://thescotsman.scotsman.com/business/Reits-suffer-further-blow-as.5390145.jp

Brixton agrees to rescue bid from rival property group http://www.independent.co.uk/news/business/news/brixton-agrees-to-rescue-bid-from-rival-property-group-1714396.html

Aggreko powers back on broker upgrade http://thescotsman.scotsman.com/business/Aggreko-powers-back--on.5390142.jp