| | Sunday 7 October 2012 THAT WAS THE WEEK THAT WAS
Don't Let Falls Get You Down
By Malcolm Stacy
Hello Share Kids,
Let's have a weekend look at a little bit of psychology, which can be a bit discouraging in the share world. And let's try and put things into context to stop us all feeling miserable.
Now you are probably like me. When the Footsie falls on the day, we get depressed. Perhaps not a lot, but enough to take the shine off the world and perhaps plonk us into a bit of a bad mood.
This can also happen if the Footsie is flat on the day. We should be glad that our shares have not lost value. But we hope to be in profit day after day, so even inaction is a downer.
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The Week Ahead Michael Page, Hays, Travis Perkins
Recruiters Hays and Michael Page kick the week off on Monday with interim management statements.
For Michael Page, Peel Hunt thinks trends seen at the interims are unlikely to have changed materially, except perhaps that the slowdown in Asian growth may have accelerated. The outlook will likely remain bleak, the broker reckons.
As for Hays, the same broker say markets are clearly still challenging. "Asian markets, where NFI [net fee income] is weighted towards banking, are weak and European and RoW [Rest of World] markets excluding Germany and Canada have become increasingly tough. Australia is likely to be slowing, as the pause in mining resources activity will likely [have an] impact {on} other sectors in that region," Peel Hunt says.
On Friday, builders' merchant Travis Perkins issues an interim management statement, and Panmure Gordon is expecting the group to have made further progress, despite tough market conditions.
The broker thinks the key issues will be: Spending outlook - public versus private and housing vs commercial; Weather, Jubilee/Olympics disruption; Competitive environment post corporate activity in sector.
Monday October 08
INTERIM DIVIDEND PAYMENT DATE
Camellia, Hikma Pharmaceuticals, JPMorgan American Inv Trust, Tex Holdings
QUARTERLY PAYMENT DATE
Alpha Pyrenees Trust Ltd.
INTERNATIONAL ECONOMIC ANNOUNCEMENTS
Balance of Trade (GER) (07:00)
Current Account (GER) (07:00)
Harmonised Competitiveness Indicators (EU) (09:00)
Industrial Production (GER) (11:00)
Retail Price Index (GER) (07:00)
GMS
InterContinental Hotels Group
FINALS
Waterman Group
ANNUAL REPORT
Cambium Global Timberland Ltd.
IMSS
Hays, Michael Page International
EGMS
Redefine International
AGMS
Cambium Global Timberland Ltd., Mid Wynd International Inv Trust, Scotgold Resources (DI)
TRADING ANNOUNCEMENTS
Carclo
Tuesday October 09
INTERIM DIVIDEND PAYMENT DATE
Abbey Protection, Bwin.party Digital Entertainment
QUARTERLY EX-DIVIDEND DATE
Marsh & Mclennan Cos Inc.
FINALS
CAP-XX Ltd., DotDigital Group, Utilitywise
IMSS
XP Power Ltd. (DI)
SPECIAL EX-DIVIDEND PAYMENT DATE
InterContinental Hotels Group
TRADING ANNOUNCEMENTS
May Gurney Integrated Services
UK ECONOMIC ANNOUNCEMENTS
Balance of Trade (09:30)
BRC Sales Monitor (00:01)
Industrial Production (09:30)
Manufacturing Production (09:30)
FINAL DIVIDEND PAYMENT DATE
Colefax Group
Wednesday October 10
INTERIMS
JZ Capital Partners Ltd
INTERIM DIVIDEND PAYMENT DATE
Braime (T.F.& J.H.) Holdings, Braime (T.F.& J.H.) Holdings (Non-Voting), Dairy Farm International Holdings Ltd. (Singapore), Hongkong Land Holding Ltd. (Singapore), Jardine Matheson Holdings Ltd (Singapore), Jardine Strategic Holdingd Ltd. (Singapore), Mandarin Oriental International (Singapore), Restaurant Group
INTERIM EX-DIVIDEND DATE
Amiad Water Systems Ltd, Balfour Beatty, British American Inv Trust, Cenkos Securities, Cobham, Dillistone Group, Hydrogen Group, Johnson Service Group, Keller Group, Kingfisher, Maven Income & Growth 2 VCT, Nationwide Accident Repair Services, Rightmove, SIG, Smith & Nephew, Spirax-Sarco Engineering, StatPro Group, Tesco, Travis Perkins, Unite Group, Yule Catto & Co
QUARTERLY PAYMENT DATE
Africa Opportunity Fund Ltd.
QUARTERLY EX-DIVIDEND DATE
Assura Group Ltd., Dcg Iris Ltd Red Sterling
INTERNATIONAL ECONOMIC ANNOUNCEMENTS
Beige Book Fed Survey (US) (19:00)
MBA Mortgage Applications (US) (12:00)
Wholesales Inventories (US) (15:00)
FINALS
Avanti Communications Group
ANNUAL REPORT
Galliford Try
EGMS
Matrix European Real Estate Inv Trust Ltd.
AGMS
IPPlus
FINAL EX-DIVIDEND DATE
Begbies Traynor Group, CPL Resources, Daejan Holdings, Haynes Publishing Group, Hays, Murgitroyd Group, Pacific Horizon Inv Trust, Penna Consulting, Produce Investment, TP70 2008 (I) VCT, TP70 2008 (II) VCT, Wolseley
Thursday October 11
INTERIM DIVIDEND PAYMENT DATE
Berendsen, Macfarlane Group, Molins, Standard Chartered, UBM, Zotefoams
QUARTERLY PAYMENT DATE
XP Power Ltd. (DI)
INTERNATIONAL ECONOMIC ANNOUNCEMENTS
Balance of Trade (US) (13:30)
Bloomberg Consumer Confidence (US) (14:45)
Consumer Price Index (GER) (07:00)
Continuing Claims (US) (13:30)
Crude Oil Inventories (US) (15:30)
ECB Report (EU) (09:00)
Import and Export Price Indexes (US) (13:30)
Initial Jobless Claims (US) (13:30)
Treasury Budget Statement (US) (19:00)
FINALS
Air Partner, WH Smith
IMSS
Ashmore Group, Greggs
AGMS
Angle, Goodwin Plc, Monitise, Standard Life UK Smaller Companies Trust
TRADING ANNOUNCEMENTS
Burberry Group
Friday October 12
INTERIM DIVIDEND PAYMENT DATE
Admiral Group, Chime Communications, Clarke (T.), Drax Group, H&T Group, IMI, Restaurant Group, Stadium Group, Tikit Group
QUARTERLY PAYMENT DATE
Land Securities Group, Schlumberger Ltd., Yamana Gold Inc.
INTERNATIONAL ECONOMIC ANNOUNCEMENTS
Industrial Production (EU) (10:00)
Producer Price Index (US) (13:30)
U. of Michigan Confidence (US) (15:00)
ANNUAL REPORT
Smiths Group
IMSS
Computacenter, Hargreaves Lansdown, Travis Perkins
SPECIAL DIVIDEND PAYMENT DATE
Admiral Group
EGMS
Aqua Resources Fund Ltd, Zhejiang Expressway Co 'H' Shares
AGMS
Bailey (C.H.), Crystal Amber Fund Ltd.
FINAL DIVIDEND PAYMENT DATE
Catalyst Media Group, Henderson Smaller Companies Inv Trust, Mid Wynd International Inv Trust, Stewart & Wight, Sweett Group
Link to article.
BOOK OF THE WEEK By Robert Dubil
A book review by Emanuil Halicioglu The whole is worth the sum of its parts. Even the most complex structured bond, credit arbitrage strategy or hedge trade can be broken down into its component parts, and if we understand the elemental components, we can then value the whole. We can quantify the risk that is hedged and the risk that is left as the residual exposure. If we learn to view all financial trades and securities as engineered packages of building blocks, then we can analyse in which structures some parts may be cheap and some may be rich. It is this relative value arbitrage principle that drives all modern trading and investment.
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ALTERNATIVE BET OF THE WEEK Your local betting shop may be great for the footie, but you must go online for the truly weird bets.
This week: Who will win the West Coast Main Line franchise
Singles Only. Applies to the winner of the scheduled bid for the contract to run the West Coast Main Line train service. Winner must be announced before the end of 2016. Bets void should the bid be expanded to include other train service contracts. Dead heat rules may apply. Others on request.
| First Group | 4/6 | | Virgin Rail | 13/8 | | Keolis/SNCF | 9/1 | | Abellio | 11/1 | | Deutsche Bahn | 40/1 |
Regards,
ShareCrazy
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