Tullett Prebon Share Discussion Threads

[quepassa] 18/3/2015 15:04

Up 50% in just three months since the December lows of 250p.
And going strong.

The significant dividend is hard to ignore combined with a great increase in volatility which increases volume for brokers.

ALL IMO> DYOR.
QP

[quepassa] 18/3/2015 15:00

Now on the final run-up for 400p.


ALL IMO. DYOR.
QP

[garycook] 07/3/2015 08:48

Anyone know why we are up 6.6% with the market falling ?

[quepassa] 06/3/2015 15:15

Pushing ahead strongly today.

May start on a rapid trajectory towards 400p as the increasing hoards of yield-hunters appreciate the recent figures and see the upside as a result of last year's stringent cost-cutting measures.

At 400p, the share would still be paying a substantial yield of 4.2% - with money in the bank from the $100m BGC win - and growing prospects of volatility which is the main driver for increasing volumes of financial hedging product.

ALL IMO. DYOR.
QP

[quepassa] 04/3/2015 09:17

At a yield of 5% and a low p/e ratio of 10x, the share should remain attractive to yield hunters and fundamentalists - especially as so many costs have already been stripped out of the business.

Today's headlines in the FT are interesting:-

"GLENCORE EYES OIL TRADING BONANZA - Coomodities group set to benefit from favourable conditions created by price volatility"

"The oil trading operations of Glencore could "blow out the lights" ".

Let's hope that some of this fervour is apparent on the oil trading desks of the brokers.

ALL IMO. DYOR.
QP

[quepassa] 04/3/2015 08:09

The slightly muted tone of the announcement today does not necessarily, in my opinion only, do full justice to relatively strong underlying figures, nor that most if not all of the heavy-lifting of cost-cutting and restructuring has already been done. Nor the great win of the BGC litigation which had been running for years.

The expansion of the USA business is expected to bear fruit in short order and the right-sizing of manpower will help feed and promote profitability and a higher per capita income.

Of course, 2014 was characterised by a year of an outgoing CEO and an incoming CEO. Two CEO's.

So as a new and incoming CEO what do you say about the past year where you were only at the helm for part of it? It is clear that most of the successes of last year (of which there were many) are down to the efforts by previous management.

Never brilliant to be singing from someone else's hymn-sheet, however good it may or may not be.

For 2015, let's trust that a new hymn-sheet may bring a justifiably chirpier tone.

ALL IMO. DYOR.
QP

[quepassa] 04/3/2015 08:08

A very resilient and robust set of figures against an expectedly tough 2014.
Good to see the Dividend held.
Restructuring and cost-cutting measures will feed through in 2015. Bullish outlook for USA business.
Overall a robust set of figures.
Now yielding circa a very solid and attractive 5% with distinct possibilities of a strong pick-up in my view in volumes and volatility as the current year progresses.

ALL IMO> DYOR.
QP

[asmodeus] 04/3/2015 07:25

Sorry. The popup occurred when i tried to look at Tullet report. I assumed that others had the same experience.

[quepassa] 04/3/2015 07:18

Please find another bulletin board to discuss advfn pop-up issues.
This is for Tulletts.

QP

[asmodeus] 03/3/2015 20:21

Reply from ADVFN:

"The Alliance News is a new service that we offer to our customers which provides access to a broad stream of premium real-time news.

If you are viewing the News page for a stock, you can filter out Alliance News by unticking the non-regulatory news tick box found on the right, and then clicking in the UK button."

I can't find this button - but did find that Alliance news costs £30 per month - plus VAT, after one month free trial.

[redips2] 03/3/2015 14:30

Just type it in and see what pops up. I use ad blocker Google chrome.

[asmodeus] 03/3/2015 14:16

Thanks Redips2; I'll try that. Do I look only for ad-blocker with the hyphen?

[redips2] 03/3/2015 13:35

I use ad-blocker.......No averts at all, ever!

[asmodeus] 03/3/2015 11:02

Does anybody else find that trying to read Tullet's news (amongst others) is completely blocked by an ADVFN advert for "Alliance News" ? I have complained to ADVFN.

[quepassa] 03/3/2015 09:42

The slightly muted tone of the announcement today does not necessarily, in my opinion only, do full justice to relatively strong underlying figures, nor that most if not all of the heavy-lifting of cost-cutting and restructuring has already been done. Nor the great win of the BGC litigation which had been running for years.

The expansion of the USA business is expected to bear fruit in short order and the right-sizing of manpower will help feed and promote profitability and a higher per capita income.

Of course, 2014 was characterised by a year of an outgoing CEO and an incoming CEO. Two CEO's.

So as a new and incoming CEO what do you say about the past year where you were only at the helm for part of it? It is clear that most of the successes of last year (of which there were many) are down to the efforts by previous management.

Never brilliant to be singing from someone else's hymn-sheet, however good it may or may not be.

For 2015, let's trust that a new hymn-sheet may bring a justifiably chirpier tone.

ALL IMO. DYOR.
QP

[hybrasil] 03/3/2015 09:31

QP
I agree.
Surprised at market response but i am here for a quite a while longer

[quepassa] 03/3/2015 08:15

A very resilient and robust set of figures against an expectedly tough 2014.
Good to see the Dividend held.
Restructuring and cost-cutting measures will feed through in 2015. Bullish outlook for USA business.
Overall a robust set of figures.
Now yielding circa a very solid and attractive 5% with distinct possibilities of a strong pick-up in my view in volumes and volatility as the current year progresses.

ALL IMO> DYOR.
QP

[rathlindri] 02/3/2015 16:42

results tomorrow

[quepassa] 25/2/2015 10:19

Yellen yesterday gave the strongest hint /guidance yet for an increase to $ interest rates later this year.

The FT headlines today " Fed paves way for rate rise amid jobs optimism".

Growing expectations of interest rate rises will undoubtedly further stimulate fx movements and the need for financial hedging products.

The commodities/ oil markets, rising equity indices, Central Bankers and high volatility are all combining to lay the groundworks in my view for a future Golden Period for financial hedging products.

The brokers will benefit handsomely in this rare event when the financial planets are all aligning to produce a strong gravitational pull for what will in my opinion be a very high financial tide.

ALL IMO. DYOR.
QP

[quepassa] 18/2/2015 09:04

Profits from City oil trading desks/departments expected to be extraordinary in current times and environment.


ALL IMO. DYOR.
QP

[quepassa] 13/2/2015 10:30

As if further tangible evidence were needed that the broker market is now stoking hot, the Q4 and full year results from rival/adversary/competitor BGC Partners are not to be missed. This is for y/e Dec 2014

BGC " Generates Record Quarterly Earnings".

Some snippets from their Report:-

-83% improvement from energy and commodities desk
-75% increase in revenues from BGC's e-brokered f/x spot and derivatives desk


But perhaps even more interesting is their First Quarter 2015 Outlook:-

-The Company expects distributable earnings revenues to increase by between approximately 10 percent and 17 percent
-BGC Partners anticipates pre-tax distributable earnings to increase by between approximately 21 percent and 42 percent
-Given our record performance over the last two quarters and our strong outlook, we expect to increase the dividend next quarter.


The full BGC announcement available here



Let's hope that Tulletts who recently beefed up their US operations can match BGC's outstanding results. It would surprise me if they don't.

Judging by BGC's outlook for the first Quarter of this year - which we are already half-way into, this ought to be a truly outstanding start also to Tullets financial year.


More tangible evidence of a rapidly improving market. - Looking forward to Tulletts prelims on 3rd. March.

ALL IMO. DYOR.
QP

[rathlindri] 13/2/2015 09:43

breaking out?

[quepassa] 12/2/2015 08:51

Will Denmark follow Sweden's lead - adding further to volatility?


ALL IMO. DYOR.
QP

[quepassa] 12/2/2015 08:43

More f/x volatility with Swedish National/Rijksbank just announcing negative interest rates.
Positive for the brokers for burgeoning fx volumes.

Especially perhaps for Tulletts which have a pre-eminent reputation in this field.



ALL IMO. DYOR.
QP