Cookson Share Discussion Threads

[freddie63] 20/4/2011 10:09

Don't like this bit!

"We wouldn't be spending more than that as there are lots of concern over cash situation"

[montyville2] 19/4/2011 15:53

Is the share price down just on the back on the fall off in resorce stocks or is there something else I am missing something?

[rwlly] 01/4/2011 08:06

Lets hope we can blast through 700 today.

[bobsidian] 25/3/2011 19:47

"... fundamentally, the global economic expansion is just beginning."

Or is about to be derailed by the move in the key commodity prices - both hard and soft. When supply cannot quickly adjust to meet demand then the outcome is inevitable.

"The troubles in the Arab world are an aspect of that, not a cause for its decline."

Similar moves in commodity prices in 2007 and 2008 would suggest otherwise. Then too the impact on soft commodity prices were a trigger for social upheaval and economic reverse subsequently accelerated by the credit crisis.

I do puzzle over the willingness of some sections of the media to blame the latter for the former when the former pre-dated the latter.

[rochdae] 20/3/2011 15:52

Sentiment is just that

... fundamentally, the global economic expansion is just beginning. The troubles in the Arab world are an aspect of that, not a cause for its decline.

The problem as always is timing.


Roch

[bobsidian] 17/3/2011 03:03

How quickly sentiment can change in the context of world events.

Everything was fine and dandy even up to 18 February with market commentators directing attention to the apparent levels of complacency and then bang !

As of 16 March the FTSE100 closed almost directly on its 200 day SMA having bounced off that level on 15 March. The S&P500 on the other hand is some 6% above its own 200 day SMA. The question now may be whether or not the S&P500 will move down to that level and drag the FTSE100 in the process below its 200 day SMA triggering significant stop losses. Some technicians are talking about the S&P500 pushing down to test 1223 before rebounding to the upside. That would be a 2.5% rather than a 6% move lower.

And then you have the next earnings season in the US on the horizon. As far as reporting goes it is unlikely to be negative though the market reaction to forward guidance may be of interest.

Are opportunities opening up or have we just witnessed peak profits for companies with the current sell off signalling the beginnings of the next bear market ? Or is this the kind of long anticipated sell off as we approach a quarter end which in turn sets up a major stockmarket rally from April onwards ?

As calamitous as events have been and are continuing to be in Japan and as troubling as events have been and continue to be in North Africa and the Middle East, on balance I have a suspicion that this may be more of a buying opportunity.

Maybe.

What will market sentiment be like some 2 weeks hence ?

[roundup] 15/3/2011 09:28

Judging from how much Cookson has dropped, car production in JAPAN must be a big factor affecting their production.

[bobsidian] 10/3/2011 17:12

Reason for the drop ?

Decline in mining stocks on the back of a possible perceived slowing in worldwide growth on the back of elevated commodity prices and their threat in the form of "demand destruction".

Doubtless comments out of China on their current desire to address inflation concerns also adding to uncertainty.

S&P500 worth a watch as it flirts with the support of the 50 day SMA. If - and I do stress if - that technical support is broken, equity markets could turn messy quite quickly with mining shares taking a bit of a clattering. And where mining stocks lead CKSN is likely to follow. On the other hand if this technical support holds then we may be seeing the beginnings of the next leg up in equity markets.

[rwlly] 10/3/2011 16:40

Think we are having 1 last shake of the treee before the next stage upwards.

[robertfaulkner] 10/3/2011 14:25

Is there any reason for a 5.6% 38p drop???????????????

[qs9] 07/3/2011 19:18

I think CKsn is a good play for world economy as well as China IMO. Generating good profit growth and who knows what may next be on the agenda....decent broker forecasts IMO this looks still GV and yield improving...

[robertfaulkner] 06/3/2011 17:48

anyone got thoughts on Cksn share price next week, will talk of Hsbc re-locating back to Hong Kong show the future of industry and commerce is in China where Cksn get it's iron ore chemicals used more.

Against SP, is talk by China Premier saying China is going for smaller growth in the future and do more to address the disparity in Chinese peoples earnings (as being more important)

[freddie63] 04/3/2011 08:47

Not a bad divi either.

[rochdae] 04/3/2011 08:12

Breakooooutt!!

[rochdae] 03/3/2011 18:40

A bit of strength tomorrow and this is going to fly ...

[brucie5] 03/3/2011 18:21

'Equity markets do like to climb a wall of worry.'

Very true, and apparently born out by today's strength.

[bobsidian] 02/3/2011 19:24

My attention is drawn to the S&P500.

Since the beginning of September 2010 it has completed 2 giant waves higher. It is noteworthy that in spite of world events that index has not broken down through its supporting 50 day Simple Moving Average and appears to be creating a consolidation pattern as it did in November 2010.

It would not be surprising if against all odds it then breaks higher and proceeds to create a 3rd wave up to test the former highs at around 1550.

Maybe.

Equity markets do like to climb a wall of worry.

[brucie5] 02/3/2011 09:47

Bobsidian, I keep half an eye on these as a barometer of strength for the commodities market in general. They've made a fantastic recovery from the lows of 2008/9, and I wish I could say that I'd ridden it the whole way.. I find that each severe bear market teaches you one set of skills, which you have to revise in the subsequent bull market.. Anyway, a different subject. If you were to turn the chart on its head, you'd see a series of bottoms from early January. That might be buying cue, particularly if subsequent bad news failed to take it down further.. Unnnervingly, the equal and opposite now seems to apply. A serial top, with a failure to make higher highs despite good news, and generally positive coverage. I did think to buy yesterday, but managed to sit on my hands. In the absence of clarity from the chart, and with the current overshoot in oil prices and commodities, I shall continue to do so. I hardly need add this is not a sophisticated analysis, so no advice intended.

[bobsidian] 02/3/2011 03:40

Oil at current levels is a bit unnerving. If - and it is an if - Algeria and Saudi Arabia do indeed descend into near term chaos then the Goldman Sachs upside target under such circumstance of $220 a barrel may be realistic. And what price then for a global economic meltdown once more as broader purchasing power is impacted ? Some economic commentators are talking about western consumers already showing signs of adjusting their consumption patterns at current levels.

I listen from time to time to Jim Rogers as he expresses his view on the long term bull market for commodity prices and question whether or not their march northwards can occur without economic consequence. He certainly did not appear to anticipate the collapse in commodity prices during the course of 2009 and when quizzed on their collapse he just seemed to ignore that event as being little more than a hiccup. Fine if you can afford to ignore the financial impact of such a collapse as it is happening.

I look at the current price of copper and become nervous. It seems too elevated and set for a significant correction. And with such a correction, down tumble certain mining shares the value of which have been largely based upon the moves in the price of copper. And rightly or wrongly down tumbles CKSN in sympathy with moves in the mining sector.

The warning signs are present for another major correction in commodity prices. Demand destruction appears to be the main threat.

[dizzylizzy2] 01/3/2011 14:34

Regret I didn't buy more in early 2009. They are in my sipp so will welcome the return of divi. very good turnaround and the future looks rosy depending on the performance of the end markets (global shocks such as ME turmoil could derail it). I'm a long term holder and this gives more confidence so will only sell if we have another Lehman style catastrophe.
well to others longtermers.

[freddie63] 01/3/2011 14:32

Strength is there. Glad I kept these.

[rochdae] 01/3/2011 13:53

Certainly not selling till £7 is gone. Shouldn't be long to wait on these results. A bit of strength in the market and off we go.

[steeplejack] 01/3/2011 13:34

I won't be selling today,unless,of course......

[rochdae] 01/3/2011 13:30

I plan to hold for 2 weeks..or maybe 3

[grigor] 01/3/2011 13:09

I plan to hold for 2 years