Lyx Uk Qual Div Discussion Threads

[mr_bluesky] 30/4/2013 11:02

smart:

you are welcome!

I am actualy looking at DXNS as my potential next buy for this challenge,not just yet though, along with a couple of others.

cheers and good luck.

Mr Bluesky

[smartmoney100] 30/4/2013 10:59

I'll take the challenge if I may :-)

2,695 DXNS @ 36.44p = £999.91 inc costs.

I see them getting to 42/3p ish pretty sharpish from here. thought I'd get in before the crowd :-)

Cheers Smart

[mr_bluesky] 29/4/2013 17:27

smart:

I only sold FIF as it did not fit in with this challenge.
Normaly I would have held.I prefer to do a challenge with cash as it feels more real.

I am holding off making my next purchase for a bit as I want to see what happens soon with the sell in May thing.

ATB

Mr Bluesky

[smartmoney100] 29/4/2013 17:17

Mr Blue Sky if you want a challenge try

Great for new ideas I find, good luck

[smartmoney100] 29/4/2013 17:15

FIF is a recent shareholding of mine which I'll keep for at least a year I guess.
I know it's not CR's cup of tea but hey I'll do better than both of you out of it lol.....

Hoping Smart

[mr_bluesky] 26/4/2013 19:48

CR:

Not the best start to my challenge as I have said!

The bullish pattern failed and I pulled out of the trade (FIF)

Trading with just £1000 it is important to get the first few trades right and I did not want to be trapped in a share as this experiment is to identify bullish patterns and get in on a power move......this time the pattern failed so I closed.

Normaly I would have stayed with the trade,but as I say,the nature of this experiment would not allow me do do that.

I knew when I started this I would be setting myself up for a fall and exposing myself to idiots like you ready to jump on my back when a trade did not work out.

why dont you put your balls on the line and do the same posting your trades when you make them and the reason why and we will see who can really cut it.

what do you say Mr Ego? Man enough to take on the challenge?

Mr Bluesky

P.S: Do not post on this thread again!

[cockneyrebel] 25/4/2013 17:42

LoL - An experiment that has gone badly wrong in one trade - you can't even get one trade right lolololol.

Don't mess with the men sonny! lol.

Go and buy a nice lot of books and study for a few years imo.

So many threads you've created in such a short time - so much material for real traders to pull apart.

CR

[mr_bluesky] 11/4/2013 11:18

TRADE:

Bought:BET

Price:698p

Total:£970 including fees.

Reason:

> MACD is looking to cross over while in the + ve area.

> RSI is at 50.

> The 50 dma is about to cross up through the 200dma(Golden cross).


Update: 22/04/13:

Sold:BET

Price:841p

Total:£1132 including fees.

Reason:

> MACD is trending up with a wide zone.

> RSI into over bought.


Cash available for next trade: £1132.

[mr_bluesky] 28/3/2013 16:09

Well!

I have made the choice to sell FIF and at a small loss!

Not the best start to my £1000 challenge,but sometimes a trade just does not feel right and with the lack of liquidity,I have sold at 52.2p(bought at 52.9p) and now have a total of £970.21p after fees from my starting £1000.

Mr Bluesky

[mr_bluesky] 25/3/2013 09:33

Well I have just made my first trade of this thread and true to my word I have just spent 999.76p including stamp and fees on 1,857 FIF shares at 52.9p a pop.Below is the reason why I chose FIF and the statement today confirmed my bullish feelings....



FIF chart 22/03/13:

I have chosen to draw up this chart as I find it interesting!

FIF has recently (28th Feb) had a break away gap up form a low of 42.7p to a high of 53p.The gap up was caused by the news of FIF selling two subsidery companies for £21 million see RNS below....


Finsbury Food Group plc

Sale of Free From Business for £21 million

Finsbury Food Group plc (AIM: FIF), a leading manufacturer of cake, bread and bakery goods, announces today that it has sold its Free From business for a total value of approximately £21 million to focus on its core Cake and Bread businesses.

The Free From business consists of two subsidiaries, Livwell Limited ("Livwell") and United Bakeries (Holdings) Limited ("UBH") (the holding company of United Central Bakeries Limited ("UCB")). These subsidiaries, which account for 14% of Group revenues, have been sold to Genius Foods Limited ("Genius"), on a debt-free, cash-free basis.

The sale will transform Finsbury's balance sheet with a cash balance of approximately £17.7 million paid to the Group on completion, and a further £3 million payable by the second anniversary of completion. This will allow Finsbury to focus on growing its cake and bread businesses, to further develop its licensed brand portfolio, and to take advantage of the right bolt on acquisitions to drive longer term value as opportunities and circumstance allow. In addition to the investment in its current businesses, the Group will also continue to pay down its outstanding debts.

The Group will continue on its stated strategy of generating returns for shareholders by building a crafted bakery group focused on premium, celebration and well-being that delivers for its customers and the end consumer.


Back to the charts:

The price now seems to be in a variation of a bull flag with a high of 55p.A break over 55p and an advance onto c.70p should ensue for a first target.In order to turn bullish again from this preiod of consolidation the MACD needs to cross back over (fast over slow) and the RSI needs to trend up again for confirmation.

Personaly I would wait for 55p to be broken through preferably with a wide range candle and higher volume to enter the trade.

Switching back to fundamentals again,there has been alot of interest from Ruffer LLP which has been buying up shares for its "discretionary clients".Thier holding has gone from below 5% from November 2012 to 12% now.Thats alot of buying in a short period of time.This could well be an attempt to accumilate shares before a take over bid...who knows!

FIF have an interim statement release tomorrow and this could well be the catalyst to take the price over 55p and onwards.with a p/e of around 2.9 it is also looking very under valued.

Mr Bluesky


25/03/13:

Finsbury Food, the cake and bread maker reported a sharp rise in half year profit and said the outlook for the group is stronger than ever.

Pre-tax profit jumped 32.8% to £3.0m for the six months ended December 31 from £2.2m the year before. Group revenue for the period rose 1% to £103.3m.

Sales in the UK Cake division rose 2% to £67.8m and sales in the Bread division gained 7% to £27.4m. The group sold its free from business for £21m in February.

Chief Executive John Duffy said: "The group has proved its resilience and continued to drive growth, productivity and efficiencies in what remains a difficult trading environment."

"The outlook for Finsbury is now stronger than ever. The sale of the Free From business has transformed the group's balance sheet, giving us the opportunity to catalyse our stated strategy and accelerate further growth through investment and market consolidation whilst reinstating the dividend."

Net debt was reduced by 27% to £27.4m and a dividend payment of 0.25p per share has been reinstated.

"We will continue to build upon the foundations we have created, and look forward to the next stages of the company's development with the ultimate goal of driving value for our shareholders," Finsbury added

[mr_bluesky] 23/3/2013 23:25

I am starting this thread as an experiment!

The idea is to start trading with £1000 and only make one investment at a time going all in.

I will then take my profit or loss out and put it all into another investment.I shall only go long and will not be shorting.

How much money can I make or lose from £1000?

p.s: I have only just thought of this and after a few glasses of Vino tinto so it may be a while before I pick my first investment,but watch this space ;)


Mr Bluesky

[goallnightlong] 18/1/2013 21:03

funny thread

[fiftyquidtradingchimp] 18/1/2013 16:56

Outstanding marines ! Outstanding !

[papal_pauper] 12/10/2012 16:33

Thanks Tops !

That thread is a bit easier to read now by the way.

[papal_pauper] 12/10/2012 16:33

TOPINFO
12 Oct'12 - 16:30 - 157897 of 157898

Hope you have a Great Weekend Guys.

TI

[papal_pauper] 12/10/2012 08:14

topinfo hissy fit

TOPINFO
10 Oct'12 - 13:02 - 156864 of 157108

TBP-Okay ta

To be honest m8 I have decided to get on with my own trading and stop sharing what I buy and posting news for a while. I get a load of stick on any thread I appear and now on here too by certain posters. I know what to buy and when and how to make decent money. I share stuff and post news not to ramp up the sp, but to try and make others on here some decent money too.

Today has been an experiment for me because I have just gone ahead and bought stuff without posting anything at all and I have done very well, in fact much better than spending time on here trying to help others too. Im sick to the back teeth of having to answer to certain people and to be honest its unjustified and un-warranted IMO.

Yes I bought PIP and look what just happened to the share price and I didnt post once.

I will continue to monitor thread and moderate it but apart from that right now Im going to concentrate on my own stuff and help myself to try and make money.

I will be back at some point but will still be here monitoring the thread all day long but just wont post anything. That way I get no stick on here or on other threads.

Cheers.

[pro van liar_s2009] 11/10/2012 08:33

jamesey3
11 Oct'12 - 08:27 - 157202 of 157202

Ps I can't blame Tops for taking a break from the misdirected flack .............. he leads from the front and is the catalyst here........... and makes the thread what it is.

[schrodingers_cat] 28/9/2011 08:17

TOPINFO - 28 Sep'11 - 07:24 - 152727 of 152730

M4 Yeah and the same CAZA I called the bottom on two days ago and bought at 12.35p. Nice call Topinfo.

Baaaaaaaa