Spirax-sarco Engineering Share Discussion Threads

[worrier] 04/3/2011 12:35

Don't normally day-trade but did sell this am - sorry all you SPX long holders out there, but I feel this share is more appropriate to the risk profile my share club would look for, so will recommend it there if the share price doesn't get ahead of itself. Small profit taken off the table, and straight into Thor Mining THR in the isa. Might regret it.
GL all.
Worrier

[maurillac] 03/3/2011 09:49

i bought a few thr this am - expecting big things there ;)
have a good day steve
m

[worrier] 03/3/2011 09:35

I was up de bonne heure but was transfixed - couldnt stop refreshing the toplist percentage gainers screen as I had a couple of miners on there - they move fast.
so missed the first SPX trades - but the breakfast mark-ups can work both ways some days as we know.
not worried.

[maurillac] 03/3/2011 09:23

hey worrier you need to get up in the morning - early bird catches the worm ;)
m

[maurillac] 03/3/2011 09:22

of course ;)
i note so very little interest in this one around the boards with pi`s. very unfashionable atm i suppose but nothing wrong with investing in companies with good fundamentals imho.
m

[worrier] 03/3/2011 09:19

Bagged a small holding at 1886. Following the smart traders. With interest rates being as low as they are, this seems a safe haven for a while, we'll see.
not worried

[apad] 03/3/2011 09:17

m..
Can't miss then!
Two talents as great as ours - it's a cert. :-)
apad

[maurillac] 03/3/2011 09:05

i bought some just after the open today at 18.39. i looked at spx about a year ago when they were c £12 - i was having a break from the markets at that time so didnt pursue it unfortunately !
unless they miss with their results (which i very much doubt) they look like a good investment with limited downside. hopefully will be the next leg up !
m

[apad] 03/3/2011 08:56

m....
topped up yesterday morning £18.46.
Been holding this share for a while - I don't normally buy this close to results as the risk can be reduced in a short time (even if the reward might be less) - especially with the PER at a hefty 27. No debt last year.
SPX are one of those engineers that get continuing business after selling kit (RR is the classic example).
This, together with their technical competence and reputation acts as an enormous barrier to entry for competitors.
They are only up 150% over two years (cf 400% for RSW).
The share price tends to plateau and then trend up in regular cycles - we are either at the end of a plateau or this 2-year trend is over.
I expect to hold this share forever.
You may benefit from my own research if you wish :-)
apad

[maurillac] 02/3/2011 22:41

you be careful you don`t get filtered again ;)
mines a pint !
m

[worrier] 02/3/2011 21:58

Hey Mauri you ramping on this one here as well !!!!

Seriously though I will take a butchers and might go for a few if the downside is minimal. Multi-bagger stock this one.....not.
If I bought, my brokers would give me a call to say that I could have made a "fat-finger" mistake as this steady stock is not normally seen in my portfolio. :-))
Off to the pub - getting an investment club together - now this will be their sort of share. Thanks
Cheers
S

[maurillac] 02/3/2011 20:43

hi apad. been watching this one recently & looking for a good entry point. it seems to recover any losses pretty quickly. most trades seem to be automated positions (some for just a few shares !). their track record in recent years is very good and looking at their results they have managed things well i think. results as you say due next week. may be worth tucking away a few imho. dyor nai
m

[apad] 01/3/2011 16:22

Trades over the last week mostly sells but the price is scrabbling back up from 1800.
Anyone know why the price increases when shares are being sold?
apad

[jussyman] 07/2/2011 22:13

seems we did..ES hit 1317 level that i was aiming for a longer term short

[daytraders] 30/1/2011 20:52

Ah ok, cheers scottie, will watch 1st then, im gutted i missed the drop friday thou, maybe i wait and see if we get a bit higher before shorting.

[scottie01] 30/1/2011 19:49

Hmmm not sure about that mate,the fx are not really forecasting a huge drop so far x

[daytraders] 30/1/2011 19:35

well i missed out on about £2K profit friday afternoon, was going short at 11980 on dow but did not take trade, i think every man and his dog may be going short tonight at opening, any thoughts ? 190 drop on dow friday, 6000 ftse and 12000 dow does look like thats the top for a while now, i would like to go short at thouse levels, but cant see us getting back there for a while, markets way over bought, egypt thing is just a excuse for the drop friday, its way over due anyway.

[daytraders] 27/1/2011 14:32

thx for update :) and good news on giving up smoking, keep it up, i have just been buying shares the traditional way the last 6 months, with the odd sb trade with IG, im waiting for the correction of the markets that never seem to come, i have put some money back into my sb account now, keeping the powder dry ready, take care, i will try and post here when the markets get exciting again.

[daytraders] 27/1/2011 13:09

Hi guys, jussy i do visit his chat room from time to time, was there yesterday actually, do you have a new thread ?

[scottie01] 27/1/2011 13:05

Hi day;),still about mate.

[jussyman] 27/1/2011 12:49

hi day..still around..are you still on oscars site

[daytraders] 27/1/2011 12:29

scottie,jussy,andrei,andyb,porridge,opec,hassy,craig and anyone else i forgot, where you all gone guys i miss you all, hope you all making money ?, anyway hope you all well and family.

[quickmind] 13/1/2011 20:54

(RNS) PRELIMINARY RESULTS FOR 2010 will be published on 8th March 2011,
but there's no trading statement!

[scottie0l] 13/12/2010 19:52

mymuumy is that all u got tee hee
you never beet r hero rs tee hee
u failed agin tee hee