| | Wednesday 30 May 2012 THOUGHT FOR THE DAY  Hello Share Folk,
There is always money to be made with shares, even if the market (as now) is showing no signs of life. The reason is that share indexes go up and down with very little relevance to individual shares.
If the Footsie falls, the value of all shares in the UK will not fall - only most of them. There are a few wild and horrible days when very few Footsie shares have risen. But there will normally be some risers. I can only remember a very few occasions in many years when every one of the 100 big shares was in the red.
This means that we can still pick shares and make a profit, even in a strong bull week. Outside the Footsie there will be many shares that rise even on the worst days. This is because they are less affected by what's going on in America for example. Or Europe.
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London pre-open FTSE to track Asian sell-off
City sources predict the FTSE 100 will open down 38 points from yesterday's close of 5,391, taking its lead from losses in Asia on the back of concerns over Spain's banking sector, which last week saw the part nationalisation of its fourth largest bank, Bankia.
Property company London and Stamford is licking its lips at investment opportunities in the UK after a year which saw profits shoot ahead. Underlying profit for the year to March 31st rose by 60% to GBP25.4m from GBP15.9m the year before. Reported profit slumped to GBP22.2m from GBP73.9m the year before, largely because this year it booked a profit of just GBP5.7m on the revaluation of investment properties, whereas the year before the profit had been GBP51.0m. Net rental income eased to GBP35.5m from GBP36.1m a year earlier.
Utility provider Severn Trent announced profits were down but said it forecast no water restrictions for customers this year. Profit before tax fell 38% to GBP156.7m in the year to the end of March, something the firm blamed on operational, infrastructure and employment costs. Consumption from metered customers was also lower year on year knocking GBP10.5m off turnover. Total turnover was GBP1.77bn with earnings per share up 37% to 72.5p.
Engineering and project management group AMEC has acquired a Brisbane-based consulting, engineering and technical services business to expand its Environment and Infrastructure service offering in Australia. Unidel, the 260-person company which provides environmental and infrastructure services similar to those of AMEC, was purchased for an initial cash consideration of A$27m (GBP16.9m). A further A$14m may be paid over three years but is subject to future profit targets.
TIP OF THE DAY  A report by Growth Equities & Company Research
e-Therapeutics' discovery activities are centred around its unique, patented Network Pharmacology (NP) platform, which has been granted two further European patents - announced with the preliminary results. The platform is now operated and developed entirely in-house, primarily at the newly established drug discovery centre in Oxford. A plethora of new scientific talent has been employed at this site, with new scientists making a number of improvements to the already productive platform. They will continue to improve and develop it in tandem with its use for drug discovery operations.
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THE LATEST ON THE CRAZY BOARD The top 5 hot company threads on the Bulletin Board: Central Rand Gold Perform Group Conroy Gold Falkland Oil & Gas Running trading thread
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BOOK OF THE WEEK  By Johan Stenebo
A book review by Aaron Padgham of t1ps.com Johan Stenebo was a leading director at IKEA for more than two decades during a period in which it rapidly transformed into a leading flatpack retailer, generated billions of pounds of revenue across 38 countries. Working directly beneath Ingvar Kamprad, owner of the Swedish furniture giant, Stenebo was pivotal in the opening and running of the Leeds store, that soon went on to break company records, and was for some time Kamprad's personal assistant. John left the group in early 2009, after disputes with other members of management, and a few months later this book was released.
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