Imi Share Discussion Threads

[bluebelle] 19/1/2011 08:56

Interesting. I have a target based on current metrics of a tad under £12.

[dasv] 18/1/2011 11:35

price momentum targets on daily point and figure to 1030, 1170p

Current Risk Reward 3.1 (assumes a stop at 900p)

[cockneyrebel] 18/1/2011 11:13

Breaking out today for a real breakout this time.

CR

[wendsworth] 16/1/2011 11:38

Bluebelle : Agree with your comment at post 122. Some inexplicable movement on this share since entering the FTSE.

Sold out Thursday morning. Set a limt sale at 998 ( wasn't sure it would break throgh the £10) and got 998.5.

Will monitor and look to get back in.

I'm a bit nervous about the market at the moment 'cause its had such a good run. Just have a feeling there will be some 'bad days at Black Rock' to come if only to generate some volatility.

[beckwith] 13/1/2011 10:42

Good news!

[bluebelle] 13/1/2011 10:34

CR

I suppose we should no longer be surprised that, based, as far as I'm aware, on no new information, a leading house suddenly realises that a FTSE 100 stock is undervalued by some 26% at last night's close. Still, if they were really on top of their game it would leave less for PIs !!!

[cockneyrebel] 13/1/2011 10:16

0856 GMT [Dow Jones] Bank of America Merrill Lynch upgrades IMI (IMI.LN) to buy from neutral and raises price target to 1150p from 930p, noting potential earnings upside, strong margin management and balance sheet options. Also says that on 9.4x 2011E EV/EBITA and 12.5x PE, the stock is attractively valued given the group's high returns and growth profile. Adds that IMI is well positioned relative to the sector given its low gearing and bolt-on acquisition strategy. Shares +5.6% at 961p, making IMI the biggest riser on the FTSE 100.

[bluebelle] 13/1/2011 09:30

Errrr............Yes !

[cockneyrebel] 11/1/2011 12:11

On the up today - gonna take that high out soon?

CR

[wendsworth] 23/12/2010 15:38

Just get the feeling the market expects a 'break-out' from the 940s ?

[bluebelle] 22/12/2010 14:14

They've gone up a bit since then but I generally agree with that assessment - I still like Weir as well !

[broadwood] 22/12/2010 14:07

IMI's shares may have risen by 80 per
cent, but compared with Weir the rerating
relative to expected profits has been
modest. The group has good market share
in niche markets and an increasingly lean
manufacturing base – as the relentless
margin improvements of the last decade
show. At 895p – 14 times 2010 earnings –
the shares still look cheap. Buy.

[wendsworth] 21/12/2010 20:15

Bluebelle: Good , solid consolidation at ever higher levels. Well said. Best to keep the champagne on ice until we break through the £10 barrier in the New Year!

[bluebelle] 21/12/2010 17:10

Well, so am I, Beckwith : a lot to be said for it, especially if it's accompanied by a large gin and tonic !!!

[wendsworth] 21/12/2010 15:36

950s ..tomorrow ?????

[apad] 21/12/2010 09:05

Love it!

If the big players use the same software, then the software will be correct.

[dasv] 20/12/2010 19:08

I have du plessis's book on order at the mo - hasn't arrived yet. I do have traderPro though (second year of subscription)

I made the comments about targets because in an updata video, David Linton said "many of you have asked how the targets are generated" but wouldn't give an answer about it. I kind of assumed they were a USP of traderPro but I'm happy to hear they are not.

[bluebelle] 20/12/2010 18:27

dasv - 20 Dec'10 - 15:26 - 104 of 105
The targets come from Jeremy Du Plessis's work at Updata and they are very tight lipped about how they are generated

dasv
Aren't they set out in Chapter 4 ?

[wendsworth] 20/12/2010 17:55

dasv : Thank you so much for your painstaking and expeditious response. Sounds fascinating . I will order a copy of Du Plessi's book.

This really is a civilised thread. As you're probably only too well aware they are few and far between.

[dasv] 20/12/2010 15:26

wendsworth - I've set up a thread with the symbol "P&F" in which at some point I've attempted to explain Point and Figure charts. They are charts where there is no linear time scale at the bottom.P&F charting is an approach aimed at de-noising charts (by looking at trends and requiring strong reversals). The targets come from Jeremy Du Plessis's work at Updata and they are very tight lipped about how they are generated - presumably because this is unique intellectual property for the company. Essentially the targets are Momentum indicators. They can be removed by strong momentum in a reversal.

The theory is that if a target is met then the trend is confirmed. We can see in the chart above that the target of 730p was hit (which confirms the bullish trend). the price levels with numbers like 3.2, 1.7, 3.6 reflect risk reward at that given moment: it's an attempt at establishing the upside gain versus the downside risk on the basis of momentum.

At the moment current risk reward is 1.5, 1.7 which isn't bad but not as good as at 480p and 660p when risk reward was 3.2, 3.6 in favour of reward.

Jeremy Du Plessis's book is on amazon.