Friday 15 February
QUOTE OF THE DAY
"A person should not be too honest. Straight trees are cut first and honest people are screwed first. "
Chanakya
THIS MORNING IN LONDON
FTSE 100
6,336.50
9.14 0.14%
FTSE 250
13,534.68
34.21 -0.25%
FTSE 350
3,400.22
5.42 0.16%
FTSE All Share
3,331.78
5.07 0.15%
AIM 100
3,365.74
7.19 0.21%
AIM All Share
751.13
1.62 0.22%
13:30 pm
THOUGHT FOR THE DAY
Hello Share Planners,
I was discussing this with an old friend. Why doesn’t the big hike in share prices in 2013 reflect the overall value of our share portfolios? If the Footsie has gone up by 20%, say, why is not the total of our bags up by a fifth as well? I’m only up by 10% I think.
I’m sure that many Crazies will have seen a 40% increase in their portfolios. But there are probably even more share fans with less than 10%.
CLICK HERE for the full article
NIGEL FARAGE CONFIRMED FOR MASTER INVESTOR 2013! TO CLAIM YOUR FREE TICKET CLICK HERE AND ENTER THE PROMO CODE SCR2013
REPORT OF THE DAY
WANdisco - the beginning of something big
by Growth Equities & Company Research
WANdisco has launched its first fully tested and production-ready Big Data product – which is well ahead of schedule.
We expect the company to announce a string of Big Data product news from now and the upcoming Strata 2013 Big Data conference, which is being held in Santa Clara, CA, on 26-28 February.
We prefer to wait until there are some Big Data product sales before updating our FY13, but have taken this opportunity to adjust our DCF model given the significant progress made so far.
Accordingly, our stance remains speculative buy, but with an increased target price of 823p (previously 593p).
CLICK HERE TO DOWNLOAD THE FULL REPORT
THIS MORNING IN LONDON
Markets plateaux but Anglo American gains after results
Stocks were trading within a narrow range on Friday morning ahead of the G20 meeting in Moscow and the release of key economic indicators in the States this afternoon.
Delegates plan to discuss traditional issues such as the global economic outlook, implementation of the G20 framework agreement for strong, sustainable growth, as well as financial regulation reforms.
The greatest focus for the market, however, will be the issue of the so-called "currency wars". After the G7 issued a statement promising to allow markets to determine exchange rates, there appears to have been some confusion over the message being misinterpreted as allowing Japan to depreciate the yen in order to support its economy.
European Central Bank council member Jens Weidmann has said today that the Bank would not cut interest rates in order to reverse the recent rise in the euro. He said that the exchange rate of the euro "is broadly in line with fundamentals" and the single currency is not overvalued.
Market sentiment was still a little fragile after disappointing fourth-quarter economic growth figures from the Eurozone and Japan. The Eurozone contracted by 0.6% quarter-on-quarter (consensus estimate: -0.4%) while Japan saw its economic activity decline 0.4% on an annualised basis (consensus estimate: +0.4%).
In domestic news this morning, UK retail sales dropped by 0.5% in January, in line with analysts' forecasts. New York manufacturing and US consumer sentiment data is due out this afternoon, which are certain to draw the attention of traders when Wall Street opens in the coming hours.
FTSE 100: Anglo gains despite $4.6bn impairment charge
Mining giant Anglo American was a high riser this morning despite recording $4.6bn of impairment charges in 2012. However, while underlying earnings took a hit from falling commodity prices, ongoing cost pressures and a loss-making platinum business, they still managed to beat consensus forecast.
Analysts at Jefferies said that they are "becoming more positive on Anglo shares", adding that the worst could now be over. They also said that "there is a possibility that the merged Glenstrata attempts to acquire the company at some point".
Sector peers Randgold and Fresnillo were heading the other way after Citigroup cut its ratings for both stocks to 'sell' and reduced target prices.
Similarly, sweeteners and food products firm Tate & Lyle was hit after Exane BNP Paribas lowered its rating to 'neutral'.
Chemicals group Johnson Matthey fell after saying that it is to lose commission income from restructuring a metal supply deal with Anglo American Platinum.
Natural gas firm BG Group was in the red after announcing that Chief Financial Officer Fabio Barbosa is stepping down and becoming Chairman of BG South America.
FTSE 250: Tullett Prebon dragged into LIBOR scandal
Interdealer broker Tullett Prebon sank after being drawn into the LIBOR scandal. Reports suggest that an individual at the firm was part of conversations about rigging the yen LIBOR rate, according to the Financial Times.
Natural gas firm BG Group was in the red after announcing that Chief Financial Officer Fabio Barbosa is stepping down and becoming Chairman of BG South America.
CLICK HERE FOR THE DAY'S FASTEST MOVING STOCKS
WHAT THE BROKERS SAY
Jefferies is 'becoming more positive' on Anglo American after the mining giant reported better-than-expected results for 2012 on Friday morning. Panmure Gordon has raised its rating for travel and leisure group TUI Travel from 'sell' to 'hold', saying that there are now few catalysts for the stock to underperform.
Citi Research has downgraded its ratings for mining peers Fresnillo, Randgold and Petropavlovsk as part of its review into the precious metals sector.
Aberdeen Asset Management: UBS shifts target price from 440p to 470p and reiterates a buy recommendation. Credit Suisse takes target price from 410p to 470p staying with its outperform rating. Barclays revises target price from 470p to 490p, while its overweight rating remains unchanged. Jefferies moves target price from 375p to 400p and retains a hold recommendation.
Click here for the rest of the broker recommendations
THE LATEST ON THE CRAZY BOARD
The top 5 hot company threads on the Bulletin Board:
CASTINGS PLC (CGS) - Ductile Cast Products.
THOR MINING (THR)
Pan African Res - PAF - A GOLD stock with future
FORTE ENERGY NL (FTE) - Formerly Murchison United.
Torotrak
Click here to discuss shares with other ShareCrazy members
Regards,
ShareCrazy
No comments:
Post a Comment