Osb Share Discussion Threads

[nurdin] 26/8/2015 16:06

Rerating in progress

[the skunk] 26/8/2015 16:05

Shooting up here today, good to see amongst all the malaise.

[mazarin] 26/8/2015 13:22

Bamboo2 have you considered ALD, they're reporting tomorrow?

[hutch_pod] 26/8/2015 11:41

Great to see the market respond well to good results :)

[bamboo2] 26/8/2015 11:29

Sold out for 15% in a few days.

[luckymouse] 26/8/2015 11:03

V strong interims
PBT +60%
ROE 30%

That'll do the biz

[mikeja] 26/8/2015 09:53

True nurdin,but I only go on the known facts.If he does I think we could see a strong upward leap.

[nurdin] 26/8/2015 09:34

Yes great results and on target to at least meet brokers estimates for the current year of 31.1p. ALNC reports that Numis are likely to raise full year forecasts on the back of the H1 results so your prediction for the H2 may well be right Mike.Press rumors also suggests that Osborne will lift the thresh holds for the new levy in order to help out challenger banks.Should that happen then next year eps could rise much more than 10% that you suggest.

[bamboo2] 26/8/2015 08:55

mike, thanks.

Having reached the objective on the throwback, it's possible that the chart has made a Cup and Handle pattern with a new target of 360. The share price needs an eod close above 333 to confirm the target.

[mikeja] 26/8/2015 07:50

One of the most important figures is ROE which at 31% remains very high.The importance of this is that retained profits will continue to push profits up faster than with other rivals,it also shows exceptional management.

[mikeja] 26/8/2015 07:15

Excellent interims, £47.6m of first half profit and eps of 15.5p.Exactly as I expected. I expect second half of £55m and eps of 17.5,meaning shares are currently on p/e of 9.5. Next year there will be a drag fom the bank levy so eps may only be up 10%. They remain ridiculously undervalued both in relation to other challenger banks on p/es of 14 to 18 and in relation to the market generally.

[bamboo2] 25/8/2015 12:27

Hi mikeja and Nurdin, what are you expecting from the interims?

[bamboo2] 25/8/2015 12:07

Looking for a minimum of 332 from the throwback low.

[nurdin] 25/8/2015 11:55

Excellent rebound from the recent lows.Prospective PE still around 9x. Cheap as chips.

[bamboo2] 24/8/2015 16:09

Couldn't stop myself. Bought them back.

[bamboo2] 24/8/2015 08:22

Sold it again. Will try to keep sat on my hands for a while.

[luckymouse] 21/8/2015 16:07

and lots of small buying A trades at the convenient lower price - funny that - not that its rigged or anything

[nurdin] 21/8/2015 15:40

Odd that we are down over 7% with no news that I can see

[bamboo2] 21/8/2015 15:27

Started averaging back in.

[mikeja] 21/8/2015 12:37

Sorry haven't read posts but I presume everyone knows interims next Wednesday

[bamboo2] 20/8/2015 16:35

Taken profit today. 5%+ in a few days was too hard to resist.

edit, Price is subject to a throwback.


apols, messy working copy

[bamboo2] 20/8/2015 07:41

Cheers LM. DT fine as a continuation pattern.

The terminology, like most jargon, seems designed to confuse and confound! :)

[luckymouse] 19/8/2015 21:05

But even on his site its entered from the top???



A failed breakdown of a descending triangle (ie a breakup) effectively turns it into a btm reversal pattern
The word 'descending' is the clue to its natural direction in vanilla form.

Step 5 here may come in handy ;)


PS - during a decent quality bull run/breakout - (apart from being technically wrong) - you generally wont make many friends if deliberately or even accidentally try to squish a decent run by using negative sounding words i.e. descending, crash, death etc :)
its good etiquette to only refer to positives - words like up, boom, whoosh, here we f go etc ;))

[bamboo2] 19/8/2015 18:01

Hi LM DT can have an up or downbreak to confirm the pattern. The stats and calcs for target setting are different, depending on which way the b/o goes...

That's how Bulkowski sees it anyway, and I'm playing by his rules!