Boot (henry) Share Discussion Threads

[royaloak] 01/4/2004 13:54

Taylor, yes brilliant, but flat as a pancake for the last few hours! I shorted when it went down through 627 and have now closed.

Would rather go long than short now, but again the 623 level looks the one to break!

[taylorag] 01/4/2004 11:15

Wow - got out at £6.3003 first thing - now £6.19. This certainly looks a good one to day trade?

[royaloak] 01/4/2004 08:40

mitzis / ollybean

I daytrade by spreadbet but use idealing so I get touch prices! Therfore no stamp duty.

Downside is I have to pay commission £11.95 in and £11.95 out for daytrade and if I want to hold for a few days commission is 0.1%. On a fast mover like Boots is at the moment touch prices, close stops, contingent orders are essential. I do use deal4free also but only on slower movers that I am happy to hold for a few days!

Not a clue where this is going at the moment!

[demark] 01/4/2004 08:28

aggressive buy back during close period ie: between 1 april and 26 may 04 would definitely have a positive impact.
i do hold boots shares.
dyor

[mitzis] 01/4/2004 08:28

Big riser.. up 10p today on the back of the shares mag tip..

[tony5505] 01/4/2004 00:12

A surprising positive article in todays shares magazine:

Fresh focus should help Boots
Boots (BOOT) looks an attractive buy despite its recent troubles and is likely to be re-rated by the market, according to analysts.

Although shares reacted badly to the announcement of the company's new strategy last week, its potential benefits provide the scope for a significant re-rating over the next 12 months Shares received a hammering, falling 10% to 638.5p, after the company announced a £250 million investment programme.

The company has suffered from under-investment in the UK chemists chain and over-investing in diversions such as the loss-making Wellbeing business and stores overseas.

New chief executive Richard Baker has provided Boots with a sound strategy concentrating on improving the basic UK chemist chain by investing in new stores and improving opening hours.

Boots' depth of range in toiletries and cosmetics is much broader than any supermarket can offer.

Boots Healthcare International has several strong brands such as Strepsils, Nurofen and Clearasil as well as own-label products.

The group has a stronger competitive position than others who compete with the supermarkets. Its Boots brand is trusted by consumers as well as other strong brands unique to the group such as No7 in cosmetics.

Baker has signalled that 2004 to 2005 will involve a large revenue investment in more competitive prices and in improving efficiency, which will coincide with an increased payment to the pension fund.

Brokers are now forecasting lower profits next year of £530 million compared with consensus forecasts of £568 million for 2003 to 2004.

Analyst Richard Ratner at Seymour Pierce, who has been consistently cautious, believes profits might recover to £620 million in 2005 to 2006.

Shares says: The real question is whether the Baker medicine will work and if so the speed at which profits will recover.

The writer holds shares in boots

[mitzis] 31/3/2004 23:00

Made a small profit of about £80 on approx £10000 invested at 610/614p....not a bad day trade considering I bought at the intraday low and sold at the intraday high( or near enough)..purchased the shares direct thru broker ...you can spreadbet if you want but its not for me..
Meanwhile tomorrow should be exciting as according to the papers Boots is under investigation by the FSA..

[ollybean] 31/3/2004 19:08

mitzis,if this is a rude question please excuse my ignorance and ignore it.If you were in at at about 612 and out at 618 does it mean one has to trade in the £100k range when day trading on these small movements to make profit.Allowing for expenses on £100k there would be aprox 0.5% profit,or is there another way of dealing, eg spread betting.I am ignorant of anything but buying at ask and selling at bid. Olly.

[mitzis] 31/3/2004 15:18

Out @618p.. easy money..

[mitzis] 31/3/2004 14:47

As you say Royal its a great stock to day trade esp today..

[royaloak] 31/3/2004 14:33

Don't know about MTN mike, but BOOT has been a brilliant stock to trade today, well done mitzis!

Just spiked to 617.5, will it hold????

[mitzis] 31/3/2004 14:30

And here it is.. the intraday bounce right on target...!

[mike24] 31/3/2004 12:45

you bulls might some money back by switching to MTN?
23/4
nearly there 180 target

[mitzis] 31/3/2004 12:41

Down 1% in the last few seconds and so I bought in again for the intraday bounce..fingers crossed..

[royaloak] 31/3/2004 11:45

TAYLOR, you may be correct, iv'e been watching this like an hawk, any slight rally and loads of stock on offer so went short again at 619, but I will close very quickly to protect my profits as players not showing their hand!

[taylorag] 31/3/2004 11:08

I wonder if the support at £6.15 is due to share buy-backs & once this is out of the way that the price will fall - sub £6?

[royaloak] 31/3/2004 10:16

Closed my short at 617 very tempted to go long now, support 619 resistance 622 short term, perhaps the best way to play is go long above 623?????????

Getting more and dangerous to short in this oversold condition???????

Comments!!!

[royaloak] 31/3/2004 09:28

Decided to go short this morning after early attempt at rally failed, but support still looking strong at 615!

[mitzis] 31/3/2004 08:34

I'm in from last week and yesterday.. its a first time for me on this one..!

[psps] 31/3/2004 04:59

not yet but keeping an eye on it.
i need to sell WPP or SHEL or even LLOY to buy BOOTS

[corpbull] 30/3/2004 22:51

PSPS
Are you in?

[royaloak] 30/3/2004 15:43

..looks like support may have gone now at 618, perhaps next stop support could be 610?? However looking at level 2 suggests support may be around 615, for today at least!

[lyntwyn] 30/3/2004 15:01

RSI looks like share could bounce short term. However, may be a while before confidence is restored .

"Although we think Boots is doing the right thing by trying to revitalise and modernise the business through investment in prices, stores and products, the pain for investors whilst it is going through this process may be too much to bear," said Deutsche analyst Sundeep Bahanda.

[royaloak] 30/3/2004 14:36

...only a short term comment but this is trying to bounce, if it can get past 623 offer it could be worth a few points more, seems to have support at 618, resistance at 623, look at the day chart!

[psps] 30/3/2004 13:03

610p support level