chrisc32 & bx1222 Aug 2009 00:42
chrisc32, i think QED will have more to drop after such a sudden spike. today, QED still closed 6p below opening price so unless there is sudden sharp upturn on monday, it may level out with the difference between open & close price tightening.
bx12, E2V is too expensive - they have maxed out one of their 3 credit facilities and the other 2 are not far away...and still we don't hear of any cost cutting measures from them! so, so slow to act. i like them too but i feel there will be more bad news ahead so i'm just watching for the moment. if u are looking for another similiar company, i have one that is in much better shape. just that their visibility for future earnings is unclear but may/should rise with the economy.
as for the other property company i mentioned earlier, it is SBDB. not good. they have a covenant due this month, another one in november, and they have to repay a £800mn loan by may 2010. it's another one for your watchlist but too much of a risky play now. SBDB own the canary wharf, potential 3 to 6 bagger if they pass these coming 2 covenants and then get someone to take up the vacant space left by lehman bros. even with all these risks, it is overpriced at 35p now - crazy!