Dunedin Income Growth In... Share Discussion Threads

[simon seif] 20/6/2014 20:16

carla me dear, ferk orf .........just be glad Nets is the forgivin sort so far.

[mr_bluesky] 22/2/2014 15:21

Ftse 350 banks index has now broken out of the descending resistance from 2011 and has officially gone from being a short term relief rally to a longer term one IMO.

The index is up 9% from when I started this thread and YTD.

The ftse 100 is up 1.3% mainly pulled up by the miners.

Mr Bluesky

[mr_bluesky] 18/2/2014 07:46

Great set of results from BLT:

[mr_bluesky] 17/2/2014 11:18

17,655!

Ftse 350 mining index up over 1% again today and more crucially it is now over the heavy resistance of 17,500.

I started this thread at the end of 2013 saying that this would be the turn a round year for the index and it looks to be the case.

Its the hot sector to be in right now.

Mr Bluesky

[mr_bluesky] 15/2/2014 15:59

29/12/13

The above chart is the FTSE 350 mining index weekly chart.

It shows that the index has been in a decline since early 2011.

The green line is the descending resistance and I believe that a break over this line will represent the end o the 3 years of pain for the index and the start of the turn around.

the vertical yellow lines show that each time the MACD has crossed over it has lead to a good advance.

Putting my neck on the line the next time the MACD crosses over I think it will break out over the descending resistance and signal the start of the mining rally.

RSI is trending up at 48 which is a good sign,along with other indicators,that a break out will happen IMO and could well happen as soon as 4 to 6 weeks from now.

Mr Bluesky

.............................................................................................................................


FTSE 350 mining index Weekly chart 14/02/14

Above is the up dated chart showing that the MACD crossed over on the weekly chart and the index is now just under the long term descending resistance dating back from 2011.

One more up week for the index and the mile stone of breaking out over the resistance will happen turning it from short term bullish to long term and propelling the mining sector back into an investable one after 3 years of demise.

2014 truly does look like the year the miners dig themselves out for the recovery.

[mr_bluesky] 11/2/2014 19:33

Looking at the ftse 350 mining index it is only a couple of hundred points from a break out from the descending resistance form 2011.

A break over 17,500 and it gets really good IMO.

Mr Bluesky

[rajaster] 20/1/2014 16:32

I bought because of the breakout of the same trendline on the weekly.
Keep your eyes on IMG also, not mining but i've had a nice 30% from it from 167-207 this AM but looks to be heading higher with the hourly showing a pennant formation which should see it hit 225 where there is some overhead resistance in the name of the 200 MA

[mr_bluesky] 20/1/2014 16:25

GLEN bullish weekly chart 17/01/14

Above is the weekly chart of GLEN showing that it has broken out over the descending resistance from early 2012.

The MACD has just crossed over just below zero and The RSI is trending up into the upper 50's.

It has also broken out of the neck line of the Inverted head & shoulders pattern.

All of the above are very bullish signs of a longer term recovery IMO.

and that is why I bought in today at 340pps.

Mr Bluesky

[mr_bluesky] 20/1/2014 15:45

raj:

I hear you about the RSI but some very significant things have happened with GLEN to make me buy in.

On the daily chart it has been in an Inverted head and shoulders and has now broken out over the neck line.

On the weekly chart it has broken out over the long term descending resistance with a MACD cross over to confirm its bullishness.

Time will tell I guess and I have added my buy in price to my other thread so thanks for pointing that out.

HOC is looking tempting also,but not bought yet.

Mr Bluesky

[rajaster] 20/1/2014 15:11

Mr_BlueSky65 I notice you bought GLEN at 3.40 and posted on LSE. I've been in since 3.28. It is a tricky one if you look at the daily chart RSI is approaching 70 and slow and fast stochastics are over 70 approaching what I call the Pinch trade when then fast and slow meet and the stock declines in price or side trends. The movement today has been Weak although trend wise we are over the 10/20/50/200 MAs, the question remains will it pull back or will it side trend and continue upwards, volumes are hard to discern direction. The Weekly trend is up though but we need a strong close or a pause to catch up as its moved from the 260s up to 340.

[hazelton] 19/1/2014 16:20

Indeed Mr Bluesky. My attention is drawn to the sector partly from charts where the sector indices could imaginably be at a 'low' below which they should not drop. Longer term trendlines sometimes look to be attractive , although with reservations. With the miners some (RTZ,BHP) are bouncing along support lines (GLEN & AAL are more tricky). The yields dividend wise on the miners is probably high for the sector. PE ratios and MBV are low although with these cyclicals I believe that these considerations are perhaps not quite like other shares. I have never really gone in for the resources before but have built a diverse position in the last few months.

When such a sector has fallen like it has at some point the market is unreasonably overly depressed about it and it starts to offer value.

What is your reasoning ?

[mr_bluesky] 19/1/2014 08:43

There is plenty to go wrong as there is with any investment but I strongly believe that 2014 is the turn a round year for the mining sector and the year the miners dig them selves out......if you excuse the pun ;)

Mr Bluesky

[hazelton] 19/1/2014 08:37

Its a question of whether this is a retracment or the start of something new. Plenty to go wrong.

[mr_bluesky] 18/1/2014 23:52

this week the ftse 350 miners index has popped over the 200dma and 50dma on the daily chart.

The MACD has crossed over and the RSI is tending up into the 60's from over sold.

Green shoots that the index is on the turn and the 3 years of pain is over and its time to select your miners to go long IMO.

Mr Bluesky

[hazelton] 10/1/2014 09:01

The sector interests me. I have been looking at XSPR and JPM resources but the big 4 miners. I would like to understand a bit more about the sector. It is probably quite diverse with many beaten down stocks ???

[eriktherock] 30/12/2013 16:01

Fresnillo very strong of late even though silver spot is still being tamed.

[eriktherock] 30/12/2013 16:00

Yeah, I'm looking at the 'miners CFD' currently albeit I'm not sure I can wait til 4014 :)

[mr_bluesky] 30/12/2013 15:27

erik:

The next 3 years could well see some very good gains in miners starting in early 4014 when that descending resistance is broken over IMO.

Mr Bluesky

[eriktherock] 30/12/2013 15:09

Good stuff mate.

[mr_bluesky] 30/12/2013 15:05

The above chart is the FTSE 350 mining index weekly chart.

It shows that the index has been in a decline since early 2011.

The green line is the descending resistance and I believe that a break over this line will represent the end o the 3 years of pain for the index and the start of the turn around.

the vertical yellow lines show that each time the MACD has crossed over it has lead to a good advance.

Putting my neck on the line the next time the MACD crosses over I think it will break out over the descending resistance and signal the start of the mining rally.

RSI is trending up at 48 which is a good sign,along with other indicators,that a break out will happen IMO and could well happen as soon as 4 to 6 weeks from now.

Mr Bluesky

[mr_bluesky] 28/12/2013 15:01

29/12/13

The above chart is the FTSE 350 mining index weekly chart.

It shows that the index has been in a decline since early 2011.

The green line is the descending resistance and I believe that a break over this line will represent the end o the 3 years of pain for the index and the start of the turn around.

the vertical yellow lines show that each time the MACD has crossed over it has lead to a good advance.

Putting my neck on the line the next time the MACD crosses over I think it will break out over the descending resistance and signal the start of the mining rally.

RSI is trending up at 48 which is a good sign,along with other indicators,that a break out will happen IMO and could well happen as soon as 4 to 6 weeks from now.

Mr Bluesky
..................................................................................................................................

FTSE 350 mining index Weekly chart 14/02/14

Above is the up dated chart showing that the MACD crossed over on the weekly chart and the index is now just under the long term descending resistance dating back from 2011.



The mining sector has taken a three year beating,but I do believe that 2014 will be the year that puts the end to the demise and will be looked back on as the "turn around" year for the mining sector.

Here is a list of what to look for when investing...................



Mining share prices will need one or more of the following to stand a chance of rising in value during 2014:


> Commodity prices to be stable or rising
Costs to be stable or falling

> No economic shocks from China

> Positive economic data from the US

> Producers to meet or exceed output guidance

> Feasibility studies to show superior economics

> Reduced capital expenditure requirements (particularly juniors)
Improving cash flows

> No involvement in equity draw down financing schemes

[colonel a] 25/4/2013 13:24

Such an unloved share / thread ?
Currently returning a fairly modest 4% but does have a good {long term} record of divi growth.
And the table above is incorrect in showing gaps for 2003 & 2009; according to ADVFN financials.

[washbrook] 21/4/2010 07:26

XD today 6.5p paid 21.5.2010.
-----------------------------------
H2 Dividend 21-04-2010 21-05-2010 6.5000 GBX 10.2500
H1 Dividend 24-09-2008 07-10-2008 3.7500 GBX
H2 Dividend 23-04-2008 23-05-2008 6.5000 GBX 10.0000
H1 Dividend 26-09-2007 09-10-2007 3.5000 GBX
H2 Dividend 04-04-2007 08-05-2007 5.9000 GBX 9.0000
H1 Dividend 20-09-2006 29-09-2006 3.1000 GBX
H2 Dividend 05-04-2006 08-05-2006 5.4000 GBX 8.2000
H1 Dividend 14-09-2005 23-09-2005 2.8000 GBX
H2 Dividend 23-03-2005 29-04-2005 5.0500 GBX 7.5500
H1 Dividend 15-09-2004 24-09-2004 2.5000 GBX
H2 Dividend 17-03-2004 02-04-2004 5.0000 GBX 7.2500
H2 Dividend 03-04-2002 26-04-2002 4.6000 GBX 6.7500
H1 Dividend 12-09-2001 28-09-2001 2.1500 GBX
H2 Dividend 28-03-2001 27-04-2001 4.4500 GBX 6.5500
H1 Dividend 04-09-2000 29-09-2000 2.1000 GBX
H2 Dividend 27-03-2000 28-04-2000 4.3000 GBX 6.3500
H1 Dividend 06-09-1999 30-09-1999 2.0500 GBX
H2 Dividend 29-03-1999 29-04-1999 3.7300 GBX 6.1800
H2 Dividend 15-03-1999 01-04-1999 0.4500 GBX
H1 Dividend 07-09-1998 30-09-1998 2.0000 GBX
H2 Dividend 30-03-1998 23-04-1998 4.0500 GBX 6.0000
H1 Dividend 01-09-1997 29-09-1997 1.9500 GBX
H2 Dividend 24-03-1997 25-04-1997 19.3500 GBX

[kiwi2007] 08/9/2009 13:18

Due to drop out of the 250 I believe?

Could be holding their price back below NAV more than really warranted?

So, bought some of these instead of more EDIN... interesting to see how they run in tandem...

[shauney2] 13/5/2009 21:56

Thanks Washbrook for all the information on the various threads you have started.Looking at various investment trusts mainly for income.