Tate & Lyle Share Discussion Threads

[aspers] 27/2/2009 14:30

Still watching here waiting to get in.......will wait till I see a couple of days of blue before I risk entry....does not look likely yet!! 200p would be a good starting point!!!

[wendsworth] 27/2/2009 14:27

wormcatcher and revoc2:You're right... BUT I'm disciplining myself not to day trade. I'm in for the long haul on LLoyds and sleeping at nights!

revoc2 ; Remember my forecast ref DOW at 7000 ...well DOW futures is showing 128 points down at the open!

TATE is now in the low 260's. I'm not touching it for some time.

[revoc2] 27/2/2009 11:21

wends....maybe it wud have been a good idea to take profits in your holdings of LLOY?
now down alot....?!

[wormcatcher] 26/2/2009 17:52

Been reading through that HM Gov Asset protection scheme again and I just find the whole situation at RBS unreal - never thought I would say this but nationalisation would probably be better. Another £19bn being pumped in, the potential for more and the prospect of having to cover the bad debts. It says RBS will be liable for the first £19.5bn on losses associated with the bad debts, but is it me or is it just a coincidence that HM Gov are putting another £19bn of our money in as well?
Really sorry for the off topic, but if I posted this on the RBS thread I'd probably just get slated (mind you I might get that here as well), and I needed to have a bit of a rant.

[wormcatcher] 26/2/2009 14:39

Well done on lloy Wendsworth - if it were me I'd be selling out for the short term gain but can see your point. At least with the rises over the last few days I'd be setting myself a comfortable stop loss. Like to invest long term, but this business with the banks keeps getting me to press the sell button when a good profit is to be realised.
If I was still in RBS I'd definately be hitting the sell button today and taking the profit - 86% government owned would have me twitching. As a tax payer, 86% of RBS has me twitching in any case.

[midasx] 26/2/2009 14:16

LOL Yes and make sure you take plenty of high factor sun cream because the hole in the ozone layer makes it very likely you will get skin cancer and die a very horrible and lonely death !

h4rsh2 LOL ! you are not doing too badly then :-0

[wendsworth] 26/2/2009 14:11

wormcatcher : Carillion was one of my 'old favourites' in 2003 ..traded it up from 108 to 179 and then got 'cold feet'! Secures a lot of government contracts ..could be ok.

LLoyds has down me proud today. So pleased I doubled my stake this Tuesday.Results tomorrow. Am not trading the shares but holding as a 'core' investment. Yes there will be movements but am convinced that LLoyds will turn out to be the best UK banking sharwe over the next 2/3 years. Even in these markets if a company's share price is really 'bombed out' and you genuinely believe in it then provided you can cover your position invest for the MEDIUM to LONG term is my advice.

I shall not be re-investing in TATE until an upward trend appears and the company has confirmed its dividend policy.

[wormcatcher] 26/2/2009 13:24

.....slightly off topic again. Has anyone here read the Treasury Asset Protection scheme announced with RBSs results - astounding is all I can say.

[wormcatcher] 26/2/2009 12:51

lol - anyone got an island for sale in the middle of nowhere that has areas well above sea level so I'm not swamped when the sea levels rise due to global warming. If anyone can predict where the asteroid is going to hit that would be useful as well.

[h4rsh2] 26/2/2009 12:44

....You do well if you are crooked..that's the motto of this nice
world we live in.
Midas I lose 5 times of every one I nick...

[midasx] 26/2/2009 12:11

wormcatcher,

the world is completely bent, there is no common sense, no reason. Bankers bring the world to it's knees and pay themselves billions in bonuses. The FSA introduce "Treating customers fairly" their latest project to pat themselves on the back and congratulate themselves on how important they are, yet do nothing to stop the banks gambling our countries future away.

The LSE follows Wall Street as if we are incapable of thinking for ourselves. The city boys work with their paid journalist buddies to rig the market. It is all completely bent. We just have to try and nick a few quid where we can :-))

[midasx] 26/2/2009 11:47

Picked up a few more today, fall well overdone!

[brando69] 26/2/2009 11:40

went long just in time by the look of things. 275. sth's afoot

[wormcatcher] 26/2/2009 10:54

While I was sitting watching things on the markets unfold this morning, I thought, 'what a strange world we live in'.
I know this is over simplistic but a company announces record losses of £24.1bn and the share price soars because 'it wasn't as bad as expected'. You can bet your bottom dollar that if another company announced profits of £24.1bn but it was less than expected their share price would fall. To me, it is still a wacking great loss.

I suppose it falls in to the old adage: under promise overachieve, over promise underachieve (or maybe its pure manipulation).

[dewi141] 26/2/2009 10:39

ok thanks for the info.

Given the uncertainty (comp specific and gen market), think i will wait to see waht the decision is. 'Pay more to know more' and all that.

cheers

[wormcatcher] 26/2/2009 10:12

Nice bounce in the financials this morning, but still have my doubts whether it will be sustained, so sitting on the sidelines until the skies clear a bit more.
As for TATE, down again on an up day.

[wormcatcher] 26/2/2009 09:29

Hi dewi141,
Part of the question is is that issue already priced in?
Obviously, as with all these type of issues, if the case went against them even if it is already priced in the price will drop initially. So bearing that in mind then it probably is best to wait to hear, even though a positive result might boost the price there would be time to get in still.

If that makes sense....

[balcony] 26/2/2009 08:55

Dewil-the final six man result was expected jan 09,So already one month late,Very tempted at these prices yield now over 8%.

[dewi141] 26/2/2009 08:33

hi

does anyone know when teh final Sucralose patent case will be announced? (prelim went aganst Tate), as this could be the catalyst for a big rally/fall when its announced. So buying before its announced is almost betting on a toin coss IMO.

cheers

[wormcatcher] 26/2/2009 08:29

Hi wendsworth,
Agree with you on the possible bottom of the market - hopefully just about all the bad news is now out. Following the reaction to RBS news today I am now watching lloy today for a potential re-entry point. As for TATE, as Brando says unless there is more bad news to be had then I think this is also approaching the bottom but agree with you that probably best to wait a little while. I think there is unlikely to be unexpected good news that will send them rocketing.
Topped up on BP & Unilever yesterday though.

edit - also took a bit of a punt on Carillion.

[brando69] 25/2/2009 22:00

RSI now under 30, when it hits 20, i'll try my hand here i think - unless there is bad news out.

anyone know if they have issued any recent guidance on likely dividend amount?

[wendsworth] 25/2/2009 19:22

harvester and wormcatcher : I just have a feeling that markets are beginning to bottom. Have always thought the financials would eventually lead the push back up. Like it or not the BNanking sector is key to the global economy.

As for Tate ..its still 'unloved'..sculling around the 275p lever despite the FTSE being up. Best left alone for a few weeks.

Have topped up with some more Lloyds.

[wormcatcher] 24/2/2009 15:22

wendsworth: your 7000 Dow appears to be approaching fast.

[harvester] 24/2/2009 09:13

" purchased a total of 34,700 ordinary 25p shares in the capital of the Company on the London Stock Exchange at an average price of 285.32 pence per share"

So why did he buy the shares @ 11X their 25p value ? :-)
Sorry, just kidding.

Can be a sign of confidence but there can also be other reasons like consolidating their position on the board by showing their commitment to the company.
Anyway, better to see their support instead of selling their shares .

[wormcatcher] 24/2/2009 08:04

GL with that MidasX should be good medium/long term.
Still sitting on the sidelines at the mo.