600 Share Discussion Threads

[mr_bluesky] 28/10/2012 14:34

MTC cont......


- A trader worth his/her salt would never invests in a share without first checking the fundamentals so here are the highlights from H1 results for this year for MLC:

- Overall RevPAR (in constant currency terms) rose by 5.2%, primarily driven by an increase in average room rate.

- On a like-for-like2 basis, Group RevPAR grew by 4.6% (excluding the three Christchurch hotels, Copthorne Orchid and Stuttgart).

- Like-for-like2 total revenue in constant currency increased by 4.2% to £370.8m (2011: £356.0m) and headline operating profit increased by 25.5% to £79.2m (2011: £63.1m).

- Headline profit before tax increased by 30.9% to £78.3m (2011: £59.8m). Profit before tax decreased by £1.3m (1.6%) to £79.0m (2011: £80.3m) due in part to the inclusion of £17.4m profit on the sale and leaseback of Studio M in May 2011.

- Strong cash flows from operating activities of £84.0m (2011: £40.3m). Net debt reduced to £10.6m (31 December 2011: £100.2m) and gearing was 0.5% (31 December 2011: 4.8%).

- Interim dividend maintained at 2.08p per share. Scrip dividend option is suspended.

NB: In particular I like the fact that they have strong cash flow and they are reducing thier debt as a priority.In Q1 results the debt had been reduced from £100m to £31m and now its down to £10.6m.It would not suprise me if they announced that they are debt free next week along with some more encouraging figures.

I will be taking my position in this next week before Q3's are released on friday!

Mr Bluesky.

[knigel] 28/10/2012 11:38

Thanks. I appreciate for thoughts. I have my eye more on C&W atm due to takeover rumours but agree BT has upside

[mr_bluesky] 28/10/2012 11:34

OK my third choice was (BT.A) share price as of 26/10/12 : 217p

Having just looked at the chart I am not convinced and I wont be drawing it but will talk through it as it is too inconclusive and I would not trade a chart like this.

BT.A golden crossed in Dec/Jan.The share has pretty much ridden the 50/200dma since on a gentil rise.So far so good!

The short term trend for the share price is down.It is trending below the middle of the Bollinger band(20dma) and the MACD is trending down with a wide zone and the RSI at cerca 40 is showing no real direction.....not so good!

The MACD histogram is heading in the right direction at the moment though and is pointing towards going positive,but that can all change.

The share price is coming up to an ascending support line at cerca 214p just below the 200dma so a bounce off this could result,but if it does not and drops through 200p then this could spark a sell off as around this area it has been strong historic support and resistence.

A break out from where we are now though could spark a rally onto 340p or so as that is the next major resistence.

OK so as clear as mud and now you can see why I did not waste my time with a chart.

It is not a pattern I would trade as it litteraly could go either way and no doubt the inters on thursday will decide that.

Mr Bluesky (not much help) ;)

[mr_bluesky] 28/10/2012 10:30

KNIGEL: I believe that RBS,LLOY and BARC are all in a long term recovery mode.
I thought I would single out BARC this time as it is coming up to a crucial point which i will post next as I have just done a chart.

BARC is the first to report next week on wednesday and historicaly if they report well then the other banks get a ride on it as well.

(BARC) 26/10/12: SP: 232p.

This chart shows the descending resistence from April 2010 which has been broken through recently.We are also in the proccess of a Golden cross.

260p represents a crucial resistence as it has come into play many times in the past and is also the base of the "cloud" (look up cloud trading).

When BARC breaks up through 260p it should put it well on the road to recovery and act as solid support for a rally.It has not traded above cerca 260p since July 2011.

Hopefully the report next week will be well accepted by Madam Market and will help to project the share price over this important horizontal resistence.

The above is all in my opinion as is not meant as investment advise

Mr Bluesky.

[knigel] 28/10/2012 09:43

How close do the share price performance of BARC and LLOY mirror one another? Just wonder why you prefer BARC? Thanks

[mr_bluesky] 28/10/2012 09:32

(MLC) chart 26/10/12: SP: 512p

MLC has just had a nice bounce followed by a rally off near a historic support and resistence area of 376p.The support was tagged 3 times(triple bottom) before it rallied to a high of 517p where it has been in sideways trading since.
Early March it Golden crossed and has been hugging the 50/200dma closely.

The MACD is trending up and the RSI is at 60.A good place to kick start a rally.
This is exactly the kind of chart patterns I look for and love to trade.The share has already trickled through a resistence point at cerca 500p so it is all set up nicely for an advance to 620p or so on break out and the Q3 results on Friday could well be the catalyst for this to happen.Ofcourse I dont expect 620p to be reached then,but it will lay out its path to it,although not all in a straight line.

The above is all in my opinion and is not meant as investment advise!

Mr Bluesky.

[mr_bluesky] 27/10/2012 17:26

OK I have made the 3 choices that i will draw charts on for next week:

BARC: As it is coming up to a crucial resistence that if it gets over should act as very strong support for a rally to build on.

BT.A: Is also coming up against resistence that could lead to a run upto mid £300's when broken through.

MLC: Which,at the moment,is looking to be my fave and should do very well on Q3's on Friday, Madam market permitting.

I will draw the charts tomorrow!

Mr Bluesky.

[n3tleylucas] 27/10/2012 17:22

Well BePee might say somefink
About the $12b (40p) spare
Roz change? bit 2 soon though

[sir leonardo] 27/10/2012 17:18

WELL WELL WELL!!!

I PREDICT QUITE A LOT SO MY PREDICT FOR THIS WEEK IS BTA!!!!

I WANT TO COMPARE ON FRIDAY 4.30!!

[mr_bluesky] 27/10/2012 16:24

The Week Ahead

Key Companies Reporting: October 29th– November 2nd

Monday – IMS: Gem Diamonds (LON:GEMD), Perform Group (LON:PER).

Tuesday – Finals: Imperial Tobacco Group (LON:IMT). Q3: BP (LON:BP.).

Wednesday – Q3: GlaxoSmithKline (LON:GSK). IMS: Aegis Group (LON:AGS), Barclays (LON:BARC), Logica (LON:LOG), Mondi (LON:MNDI), Next (LON:NXT), St James's Place (LON:STJ), Standard Life (LON:SL.).

Thursday – Interims: BT Group (LON:BT.A). Q1: British Sky Broadcasting (LON:BSY). Q3: BG Group (LON:BG.), Reed Elsevier (LON:REL), Royal Dutch Shell (LON:RDSB), Smith & Nephew (LON:SN.). IMS: Glencore International (LON:GLEN), International Power (LON:IPR), Legal & General (LON:LGEN), Lloyds Banking (LON:LLOY).

Friday – Q3: Millennium & Copthorne (LON:MLC). IMS: Admiral Group (LON:ADM), Direct Line Group (LON:DLG), Meggitt (LON:MGGT), RBS (LON:RBS)

Above are the key companies reporting next week.I will look at them now and pick out atleast 3 that I like the look of the charts of and will post over the weekend.

Mr Bluesky.

[n3tleylucas] 27/10/2012 15:53

in droves you say?

[sir leonardo] 27/10/2012 15:33

WELL WELL WELL!!!

I WOULD WAGER EVERYTHINK ON BT.A THIS WEEK MR BLUESKY..
WELL I HAVE LEFT ENOUGH FOR A BOTTLE OR TWO OF J.W.!!!!!!!
IMPROVEMENTS IN PRICING COST CONTROL CUSTOMERS RETURNING IN LOTS!!!

[mr_bluesky] 26/10/2012 19:06

just remember that this thread is set up to take a look at the key companies that are reporting in the week ahead and then the aim is to pick the ones with bullish chart patterns that you think will do well on the day of report.

My other thread "BULLFLAGS & BOTTOMS" is for any chart that is going through a bottom reversal and/or setting up a bull flag.

you are welcome!

Mr Bluesky.

[mechanical trader] 26/10/2012 18:09

Love to have you on board.

ANY TA style catered for.

I hope to make a positive contribution
here aswel going forward.

Presently got a screener up for
1% off 52 week breakouts, £20 m
to £120 m.

Hope to follow stocks and then buy
when 6% above 52 week high.

As youl know MINE FIELD either
side of 52 week high share price ....

Stops deliberatley trigered either
side by MMs and reason why so many
breakouts dont follow through.

The 'CORRIDOR OF UNCERTAINTY' Geoff Boycott
named it.

Bit more to it than that tho.

Laters.

[mr_bluesky] 26/10/2012 17:24

MT:

Thanks.

I will take a look!

[mr_bluesky] 26/10/2012 16:33

MT:
just want to forget about the whole ridiculous fiasco now and get this thread back to what it is set up for.

If you or anyone else has anything constructive to say on the topic of this thread then anyone is welcome.

I dont want it filled up with off topic squabbles and I would hope you and all will respect that.

ATB

Mr Bluesky.

[mechanical trader] 26/10/2012 14:12

Hey I like that bluy well done
and yes he does feel threatned
by your superior knowledge.

He does that to everyone that he
fears he has one massive streak
of jelousy running through him.

He also invites his fellow chimps
to have a go at you so be wary
on your travels.

Truth is if you click on the CR
thread epic you will see another thread
'Top Traders Thread'.

They used to make up 98% of
his thread but walked out one day
because they were fed up of his
silly ways, ie, they couldnt post
about micro companys, they couldnt post
about oileys a lot of other things
aswel.

They called him a meglomaniac and hes
been hitting the hard stuff ever since.

The thread as never recovered and those
that are left are so subservient to
him it makes one sick.

Just one word out of place and theyl
be gone aswel.

Good luck in your trading I now know
you cannot be Robson.

[mr_bluesky] 26/10/2012 10:30

MT : I know you and I did'nt get off to a good start.
I think it was the fact that you thought I had multiple ID's that did'nt help.If there's one thing I hate being accused of,its being dishonest.



I seem to have ruffled the ego of CR.I think he felt threatened and puffed up his chest and started pounding it with his fists.

he seems to think he can control who posts and who does'nt on his thread when in reality all he can do is filter me which he says he has done.

So if he responds to this then he will just show him self up as a bluffer.

and dont worry about me.you dont spend 20 years in the police force with out knowing how to defend your self.

Mr Bluessky.

[mechanical trader] 26/10/2012 08:22

If I were you bluey Id go
blue. Stand up to them.

I see cokneys little chimp
uk investor as per norm is stirring
things up again.

Notice how he never leaves the
confines of the apery.

Truth is half of them on that thread
cant even think for themselves let
alone trade.

[mechanical trader] 26/10/2012 03:17

Hi Bluey see you met the
real cokeney rebel yesterday.

i see on his thread he reckons
im you........

Not a chance for a start I didnt
post yesterday I was in hospital
having an operation on my big toe.

hes a real nice chap ehh. LOL.