Sunday 11 November 2012
THAT WAS THE WEEK THAT WAS
By Malcolm Stacy
Malcolm is taking a brief holiday.
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TODAY'S TIP ON SHARECRAZY
WANdisco - US Patent Protects WANdisco's Leading Position
A report by GECR
- Almost seven years after the initial patent application was filled in January 2006, WANdisco's core replication technology has finally been granted patent protection in the US.
- We see this outcome as further validation of WANdisco's leadership in distributed computing and of our belief that no other company can achieve active-active replication over a Wide Area Network (WAN).
- The now patent-protected replication technology is currently integrated into WANdisco's version control systems for software engineers, but we expect the group to soon apply the technology into the Big Data Market - which is expected to grow to more than $50 billion by 2017.
- Accordingly, with the group on track to meet its targets for the current financial year (year end 31st December 2012), our recommendation firmly remains as speculative buy.
- Click here to view the full article
The Week Ahead
Vodafone and Sainsbury to report first-half figures
Financial journalists everywhere are likely to be thankful that next week is set to be quieter on the corporate front than the one just gone; however, there are still a few heavy hitters scheduled to report results, including Vodafone and Sainsbury.
Interim figures from mobile phone and telecoms giant Vodafone are due out on Tuesday morning, and the market will be looking out for signs of how the "macroeconomic and competitive pressures in southern Europe" - as highlighted in the first-quarter trading update - have affected revenue.
Organic service revenues were up just 0.6% in the first three months of the year.
Jefferies expects Vodafone to report a 0.6% decline in revenues in the second quarter, saying that results "are likely to continue the recent theme of weakening service revenue trends".
The broker added: "Vodafone faces new headwinds in 2H. In preparation, we believe management should proactively rebalance margin/FCF expectations next week."
Meanwhile, supermarket giant Sainsbury is also expected to report its half-year results on Wednesday with all eyes on the bottom line.
Seymour Pierce is forecasting a 4.4% increase in first-half pre-tax profit to £370m and an interim dividend of 4.8p per share, up 6.6% year-on-year.
Revenue growth was already reported in last month's trading update, as the firm confirmed that like-for-like sales growth accelerated from 1.4% in the first quarter to 1.9% in the second. Total sales were up 4% in the first six months.
Seymour analyst Kate Clavert said: "The market will be interested in any comments on the current competitive nature of the market and the outlook for inflation which is expected to pick up. Recent market share data suggests that Sainsbury continues to outperform the industry."
Monday November 12
INTERIMS
Aveva Group, Entertainment One Ltd. (DI), Latchways, Printing.com, Wincanton
INTERIM DIVIDEND PAYMENT DATE
Travis Perkins
QUARTERLY PAYMENT DATE
Merchants Trust
INTERNATIONAL ECONOMIC ANNOUNCEMENTS
Harmonised Competitiveness Indicators (EU) (09:00)
Q3
Telecom Egypt SAE GDS (Regs)
GMS
Gold Oil
FINALS
Lonmin
IMSS
Catlin Group Ltd., Cobham, Dignity, Gem Diamonds Ltd. (DI), Interserve, Taylor Wimpey
EGMS
Queenco Leisure International Ltd. GDR (Reg S)
AGMS
JPMorgan Emerging Markets Inv Trust, Redrow
Tuesday November 13
INTERIMS
Hibu, HML Holdings, Norcros, Oxford Instruments, Synergy Health, TalkTalk Telecom Group , Trifast, Vodafone Group, Workspace Group
QUARTERLY EX-DIVIDEND DATE
Lilly (Eli) & Co
INTERNATIONAL ECONOMIC ANNOUNCEMENTS
ABC Consumer Confidence (US) (22:00)
Treasury Budget Statement (US) (19:00)
ZEW Survey (EU) (10:00)
ZEW Survey (GER) (10:00)
Q3
Arnoldo Mondadori Editore SPA, Bank Pekao SA GDS (Reg S)
GMS
Creat Resources Holdings Ltd. (DI)
IMSS
Afren, Cineworld Group, CRH, Drax Group, Persimmon
AGMS
Crown Place VCT, Global Petroleum Ltd., Wolf Minerals Limited
UK ECONOMIC ANNOUNCEMENTS
Consumer Price Index (09:30)
Producer Price Index (09:30)
Retail Price Index (09:30)
Wednesday November 14
INTERIMS
Blinkx, Great Portland Estates, ICAP, Sainsbury (J), Speedy Hire, SSE
INTERIM DIVIDEND PAYMENT DATE
Centrica, Scisys, Standard Life
INTERIM EX-DIVIDEND DATE
Braemar Shipping Services, Cable & Wireless Communications, Charles Stanley Group, DCC, First Derivatives, Home Retail Group, Marks & Spencer Group, Panther Securities, Wynnstay Properties
QUARTERLY EX-DIVIDEND DATE
F&C Commercial Property Trust Ltd., GlaxoSmithKline, Henderson International Income Trust, M Winkworth, MedicX Fund Ltd., Royal Dutch Shell 'A', Royal Dutch Shell 'B'
INTERNATIONAL ECONOMIC ANNOUNCEMENTS
Business Inventories (US) (13:30)
FOMC Interest Rate Minutes (US) (19:00)
Industrial Production (EU) (10:00)
Manufacturing Inventories (US) (15:00)
MBA Mortgage Applications (US) (12:00)
Producer Price Index (US) (13:30)
Retail Sales (US) (13:45)
Retail Sales Inventories (US) (15:15)
Q3
Elringklinger AG, New Europe Property Investments, New World Resources A Shares
IMSS
Cape, Kier Group, Serco Group, SIG, Tullow Oil
SPECIAL EX-DIVIDEND PAYMENT DATE
Ryanair Holdings
EGMS
Dragon-Ukrainian Properties & Development, VietNam Holding Ltd
AGMS
Alternative Asset Opportunities PCC Ltd Red Ptg Prf Shs, Barratt Developments, Centaur Media, Henderson EuroTrust, IRP Property Investments Ltd., Oilex Ltd., Qatar Investment Fund
TRADING ANNOUNCEMENTS
Safestore Holdings
UK ECONOMIC ANNOUNCEMENTS
Balance of Trade (09:30)
BoE Inflation Report (09:30)
Claimant Count Rate (09:30)
Unemployment Rate (09:30)
FINAL EX-DIVIDEND DATE
Air Partner, Downing Absolute Income VCT 1, Downing Absolute Income VCT 1 'C' Shares , Edinburgh Dragon Trust, Fidelity Special Values, Henderson Fledgling Trust , Inland Homes, JPMorgan Smaller Companies Inv Trust, Lok'n Store Group, Petmin Ltd. (DI), Tristel, World Careers Network
Thursday November 15
INTERIMS
3i Group, Atkins (WS), Invensys, Investec, National Grid, Opsec Security Group
INTERIM DIVIDEND PAYMENT DATE
Cenkos Securities, Sagicor Financial Corp., Tullett Prebon
QUARTERLY PAYMENT DATE
Abbott Laboratories, Marsh & Mclennan Cos Inc.
INTERNATIONAL ECONOMIC ANNOUNCEMENTS
Bloomberg Consumer Confidence (US) (14:45)
Consumer Price Index (EU) (10:00)
Consumer Price Index (US) (13:30)
Continuing Claims (US) (13:30)
Crude Oil Inventories (US) (15:30)
ECB Report (EU) (09:00)
GDP (Flash Estimate) (EU) (10:00)
Gross Domestic Product (GER) (07:00)
Harmonised Index of Consumer Prices (EU) (10:00)
Initial Jobless Claims (US) (13:30)
Philadelphia Fed Index (US) (15:00)
Wholesale Price Index (GER) (07:00)
Q3
Caledonia Mining Corp., MHP SA GDR (Reg S)
GMS
Hellenic Telecom Industries SA ADS, Rugby Estates, Verdes Management
FINALS
Euromoney Institutional Investor
IMSS
Alpha UK Multi Property Trust, Amlin, BBA Aviation, Centrica, Derwent London, Hill & Smith Holdings, Keller Group, Premier Oil, Resolution Ltd., Rexam, Ted Baker, Unite Group, UTV Media
AGMS
Armor Designs Inc. (DI), El Oro Ltd, Kier Group, Medusa Mining Ltd. (DI), Red Emperor Resources NL (DI), Ricardo, Swallowfield
UK ECONOMIC ANNOUNCEMENTS
Internet Retail Sales (09:30)
Retail Sales (09:30)
FINAL DIVIDEND PAYMENT DATE
Quayle Munro Holdings
Friday November 16
INTERIMS
London Stock Exchange Group, Record
INTERIM DIVIDEND PAYMENT DATE
Aviva, British Polythene Industries, Hunting, Intertek Group, Kerry Group 'A' Shares, Kingfisher, Lombard Risk Management, M&C Saatchi, Octopus Apollo VCT, S & U, Zhejiang Expressway Co 'H' Shares
INTERNATIONAL ECONOMIC ANNOUNCEMENTS
Balance of Trade (EU) (10:00)
Capacity Utilisation (US) (16:15)
Current Account (EU) (09:00)
Industrial Production (US) (16:15)
New Car Registrations (EU) (10:00)
GMS
Tangiers Petroleum Ltd (DI)
IMSS
Amec, Clarke (T.), Paddy Power, Rotork, Ultra Electronics Holdings
SPECIAL DIVIDEND PAYMENT DATE
Octopus Eclipse VCT 1, Octopus Eclipse VCT 2, Octopus Eclipse VCT 3, Octopus Eclipse VCT 4
AGMS
Albemarle & Bond Holdings, Allergy Therapeutics, Cash Converters International Ltd, Dunelm Group, Matchtech Group, Nyota Minerals Ltd., Ultimate Finance Group
FINAL DIVIDEND PAYMENT DATE
Animalcare Group, British Sky Broadcasting Group, Galliford Try, Go-Ahead Group, Goldplat, Hays, Strategic Equity Capital, Wilmington Group
BOOK OF THE WEEK
By Nassim Taleb
A book review by Ross Jones
The majority of us want to push for more in our lives and it is my belief that without the drive and ambition to succeed in your job, and your everyday life, things would be pretty boring. But that then sparks the question; what makes some people more successful than others? The typical answer would be skill, talent, effort and dedication, but Nassim Taleb suggests it is something altogether more unpredictable. The author of the fantastic The Black Swan argues that success, and even life, is all about luck. Taleb proposes that it is only because we fail to truly grasp the role of probability in our lives that we continue to put our respective successes down to skill and talent, as opposed to chance.
Click here to view the rest of the article
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: Will cannabis be legal by the end of 2020?
Singles Only. Applies to the UK legalisation of distribution and possession for recreational use. Must be made legal in practice for a minimum of one year in the stated time period.
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