Logica Share Discussion Threads

[robwt] 11/8/2010 22:57

I gave up listening to anybody, because they all follow each other like lemmings. A0, if you have been in this game as long as you say, you should know chartists are consistently wrong. Just like broker recs, they get it wrong much of the time, between 2003 and 2005 broker sell recs outperformed buys over 2 to 1, great average eh!

Lehman Bros had one of the worst records on Wall St of forecasting share prices with charts, waves and whether there was a red sky at night and look what happened to them.

The only person I know who has a pretty good record is Buffett, he buys value and holds. Logica's CEO Andrew Green seems to have his feet firmly on the ground, so maybe you should give him some credence.

Truth of the matter is, nobody knows what's going to happen tommorrow.

[a0502162] 11/8/2010 14:53

Hate......I don't hate Logica..............I use it on occasions to earn a few bob.....................how can I hate it.

I do find it very amusing to read the comments on here though. The Euphoria that excudes when ever there is a broker recommendation is incredable.................because it always falls straight afterwards!

The charts all point to a fall............a bit like they pointed to a rise after that little double bottom I pointed out to you..............other than that I can't see any point what so ever in holding these for any lenght of time other than to dob in and out and make a qick buck.....very easy.

By the way I wouldn't hold BP. for much long either................not with all the daft Yanks queing up to sue them and then the White House and others waiting to snap it up on the cheap when the shorters have finshed making enough money to help fund the purchase??................But don't listen to me you know best Rob.......??

[robwt] 11/8/2010 10:07

A0: Glad to see and true to form you are back having a snipe at Logica.

You must spend most of your time awake watching the progress of a company you hate.

[nellie1973] 11/8/2010 09:24

Broker upgrade

[a0502162] 10/8/2010 16:22

Not exactly meteorioc is it!

[trendfloor] 10/8/2010 08:17

Good to see pro TAer Zak Mir following this stock.....

Zak Mir



Reged: 28/06/07
Posts: 1372
Re: LogicaCmg (LOG)
#468487 - 09/08/10 04:50 PM Edit Reply Quote



Log was my chart of the week on zaks-ta.com on Friday, so i am obviously a fan, the mid 120p's as a min in the near term seems likely.

[selborne_edge] 09/8/2010 20:45

Just above 300p but extremely happy nevertheless. As far as I am concerned, Obama took leave of his senses but at least BP weathered the storm very well.

[robwt] 09/8/2010 16:56

Selborne, I hope you hoovered up a few BP at sub 300p. It seems a lot of big players have Obama to thank for a feast.

[selborne_edge] 09/8/2010 15:50

Thanks very much robwt; you are always most encouraging. Totally agree with 120p and 141p, as above, is easily achievable. Its pretty clear that there will be significant redundancies in the public sector and in theory this should benefit Logica.

At least BP is recovering and hopefully we should get to £5 in the September surge. My first target is 450p for the first set of sells.

[trendfloor] 09/8/2010 14:53

Another Broker upgrade out this afternoon.....

Logica FTSE 250 Technology Overweight 141 117.2 20.3% Piper Jaffray

Target share price 141p Upside 20.3%

[robwt] 09/8/2010 12:02

Selborne..I agree with you but tend to think that these results and the report are to be absorbed with a much more positive and bullish outlook. Andrew Green wasn't in the job long before the World had the worst recession anybody could have imagined, so Logica have weathered a terrible storm.

The company are looking pretty good and as I predicted the negative news on public sector contracts was way overblown. When the share price dropped to 100p a couple of weeks ago there was strong resistance and there has been a good rally since the report. It won't be long before they are above 120p.

[selborne_edge] 09/8/2010 10:33

We can only hope that the optimism shown by Logica in H1 report is justified by events. Having heard this sort of thing so many times before you have to be a little sceptical.
At least the recent rise in the share price is most welcome.

[trendfloor] 09/8/2010 09:23

Some more broker targets from digital look....

Date Broker name New Price Old price target New price target Broker change

05-Aug-10 Panmure Gordon Buy 109.40p 160.00p - Reiteration

04-Aug-10 Evolution Securities Buy 109.90p - - Reiteration

160p share price target from Panmure.

[etome] 09/8/2010 08:19

Singer upgrads Logica today to buy from fair value, target price raise to 143p from 130p.

[robwt] 06/8/2010 13:22

Phew! I am glad thing are looking a lot better than expected. The fall in the share price was overdone and Logica will be on the buy lists with these interims and increased dividend. 120p is looking close.

[royaloak] 06/8/2010 12:37

Look excellent results, possibly test 120 later on.

[robwt] 05/8/2010 10:53

They report tommorrow, so we just have to wait and see if the news about Government cutbacks is as bad as some think.

[a0502162] 05/8/2010 07:26

Then again if you look at the old chart this morning....................looks like a double top forming...................now they're a bit nasty!

[robwt] 02/8/2010 16:57

No, I think you may be wrong but I see where you are coming from. People can see double bottoms everywhere. In my experience patterns where the bottoms are close together in time are likely not valid double bottoms but are, in fact a consolidation area.

These are most likely normal price fluctuations, just a markdown on negative thoughts and press, there will be a breakout in the next few days and a rise up to the report. From what I have heard the report is unlikely to be as negative as the press suggests.

Well, that's my story and I'm sticking to it.

[a0502162] 02/8/2010 11:27

last I heard was the report in the FT, which wasn't too good. However it does look like a bit of a double bottom on the old chart so that might explain the bounce.

[gerard j] 02/8/2010 09:24

Looking strong again...any news?

[a0502162] 28/7/2010 17:40

Oh................. Byeeeeeeeeeeeeeeeeee. Sorry to see you leave Rob.

[robwt] 28/7/2010 17:10

Byeeeeeeeeeeeeeeeee