Charter Intl Share Discussion Threads

[joycey2] 24/11/2006 09:20

FTSE bouncing off 6100, if it breaks 870 will be tested here in my view. IV can you post a fib chart so we can see the trading ranges, we might get an idea of where we might go if we go sub 870.

cheers.

[intrinsic value] 23/11/2006 20:02

hmmmm, very good point Larmertree.
Charter always seems to pull back to the ftse250 average.
If it falls too far below or rises too far above, it eventually adjusts and pulls back to the average.
They are now completely even again.
Very interesting.

[larmertree] 23/11/2006 17:51

Charters daily movements show close correlation to the FTSE250 and a quick scan of todays trades seems to show fairly even buys vs sells.

Also, comparing todays notification with the last Barclays declaration reveals to me that they have had a little shuffle around and ended up with a slightly higher stake in chtr as follows .....

30th Oct 11,671,253 shares 7.007%

23rd Nov 17,252,625 shares 10.357%

A good time to buy 5,581,372 shares (that is a lot of shares)

My interpretation of these announcements may well be naive so any comments would be most welcome.

Regards

[pwcarnall] 23/11/2006 17:01

Monster- quelle barbe!Do you think you could delete it?

[cambium] 23/11/2006 16:42

5. Number of shares/amount of stock acquired

Not known



7. Number of shares/amount of stock disposed

Not known

[cambium] 23/11/2006 16:41

Je ne sai quie nes pas

[steeplejack] 23/11/2006 16:38

Thanks monster500............with that posting we've turned a new page.Do you think that geezer with 9 shares courtesy of Barclays Bank France SA will be at the AGM?

[joycey2] 23/11/2006 16:37

thanks for the huge list of numbers, does this represent an increase or decrease ?

[rochdae] 23/11/2006 15:10

Well, looks like the markets aren't collapsing today ..... thank God!!

[bigbigdave] 23/11/2006 12:36

Was very weak the day before the last results. Suspect the same is happening here with a t/s due any day.

[c3jns] 23/11/2006 12:31

Intrinsic value:
I agree will wait as stop loss is set at 870p..........

[intrinsic value] 23/11/2006 12:19

c3jns, my view is it will probably be best to wait and see if 870p holds. That is not far away and is fantastic support. If it doesn't hold, then I think most will be selling anyway.
This is not advice, just my opinion.

[rochdae] 23/11/2006 12:16

I agree the markets are looking a bit weary. But sentiment can turn quickly enough.

[steeplejack] 23/11/2006 12:11

Thanksgiving.Markets leaderless but listing lower.Cookson,Keller both weaker and dear ol' Chtr joining the downside party.To rationalise you could surmise that the balance lies between a celebration of Asian growth prospects vs the innate concern of slowing European and US growth evidenced by the latter's sharply weakening housing market.To be more emotive you could surmise that the spotty junior proprietary trader in the second line broker is continuing to trade the stock within a 4-5% band.
Note that even with the statements from Cookson and Keller the share price of those spiked sharply higher but then slid back.The markets are looking leg weary.Hopefully,Charter will update shortly.Trouble is that one gets tempted to try to double guess the trading range punters but in reality the way to win is simply to keep ones eyes on the fundamentals and Charter looks cheap.

[shoee62] 23/11/2006 12:03

FTSE 250 on 2nd correction leg, I think 10600 area is the support spot for bounce up, so not much further below here.

However, CHTR causing pain as it is. Lots of 250 leaders are looking a bit sick

I've been looking back over the moves in the FTSE250 stocks, the meaningfull moves don't seem to go much beyond 15% without a substantial correction (except for exeptional moves such as ADM.
800-950 is stretching that a bit, so waiting for more may have been a bit hopefull.

[rochdae] 23/11/2006 12:02

Each to his own, but selling out on a few red days on the market (with the US closed and with other major stock markets hitting new highs)is not the way to make a decent return.

Trading statement as you've said is only a few days off.

[c3jns] 23/11/2006 11:58

Thinking about reducing stop loss only a few points away but there again shall i hold for trading statement???

[joycey2] 23/11/2006 11:45

markets looking weak, might be time reduce.

[intrinsic value] 23/11/2006 11:44

Just popped in to have a quick look. Now wish I hadn't bothered.
Very surprised 900p did not hold. Usually when it is very hard to break through a resistance level, it becomes very strong support.
That 'very good support' lasted 3 hours.
If it does not find strength today to recapture 900p, then the Double-bottom at 870p is the next stop.

[jscowi] 22/11/2006 15:43

I would of thought it more to do with the FTSE tanking 100 points since this AM.

[pwcarnall] 22/11/2006 14:58

Nasty little sell bot of 541 keeos pushing it down.

[intrinsic value] 22/11/2006 13:01

steeple, yup, there is definitely shorting going on. We can see it on the long shadows of the last few candles. There is a rise everyday and then it gets sold into by the close.
I am showing the same chart because if this long term blue trendline holds, then all is good and a this will be a nice top-up opp on the uptrend and the lovely Cup and Handle formation.
But it sure is making heavy weather of it.
If it cannot hold, then there will be a better opp at 900p.
However, I have just topped up a small amount on the 'hope' the long-term trendline will hold and the possibilty of a trading statement very soon.
The latest broker note was lukewarm at best with a Neutral rating and 955p target but that was just to redeem their last stupid rating which was far too low.
They also expect 'trading to continue to be good'. I am expecting a recurrence of last year and for the 2nd half of the year to be better than the 1st half and we get an eps at 70p+.
If we don't, then hey-ho