Wolseley Share Discussion Threads

[arja] 17/12/2010 13:27

always look at chart before selling . still in short term uptrend but getting close to resistance area . how often do analysts get it right with their forecasts on SPO - 20% of time or not that high ?

[brain smiley] 13/12/2010 09:34

Wolseley's shares are up 88p at £19.18 following the update. But analysts are still cautious about the outlook. Jon Bell at Shore Capital said:


Based on our forecasts, the company's shares are currently trading on a 2011 PE of around 16 times, falling to around 12.2 times in 2012. We believe the shares are up with events and maintain our hold recommendation.

[volsung] 11/11/2010 14:30

Sold these. Had a nice run

[broadwood] 02/11/2010 16:26

See that share price go since the announcement of the offshore holding company confirmed yesterday.

[broadwood] 29/9/2010 08:24

Director buying.

[liquidkid] 24/9/2010 10:45

Place your bets for results next week, loads of broker upgrades but pretty grim stats from the US

[nellie1973] 23/8/2010 17:52

Broker upgrade

[liquidkid] 04/8/2010 15:56

Where's the trading statement is it that bad are they going to do NEXT next.

[deadly] 16/5/2010 21:23

Well that IMS a director buying set them off on a bad day elsewhere.

[gargoyle2] 26/3/2010 08:35

Given the pretty poor results earlier this week, I can't see this staying at this level for long. I saw a sell recommendation from someone this morning, with a target price of 12 quid. Can't remember who it was. Will see if I can find it and post back. Noticed too that the Naked Trader is currently shorting this with a target of 15 quid.

[liquidkid] 22/3/2010 10:45

AXA reduced to 11% holder of WOS and now has 5% of TPK. Same sector switch a bit pointless?

[liquidkid] 15/3/2010 11:38

BlackRock have built up a 5% stake. Its aggressive buying reason for rise?
arja - I can't understand a word you are saying

[arja] 13/3/2010 15:06

lovely chart and NOR situation. I just noticeed it but can someone tell me if this is same company which bottomeed at about 50p a few years ago and why the incredible recovery ? Thanking you .

[liquidkid] 05/3/2010 10:08

Thought I could see a double top forming on the chart, but nothing that happens to this share price seems predictable.

[goldigler] 02/3/2010 14:21

helloooo... anybody out there

[crosswire] 26/2/2010 09:36

O/T

GFRM

Galiform results out next week.....

"It is now expected that profit before tax for the year will be comfortably above the top end of the current range of market expectations."

[grahame2] 25/2/2010 19:27

grahamburn thanks for your help

[grahamburn] 25/2/2010 14:00

You can see detailed volume on the Intraday Charts - and by selecting longer periods (eg 5 day or 1 month etc) you can at least get a feel for the overall volume even if it is not that specific.

[grahame2] 25/2/2010 08:57

can someone tell me if it is possible to get a volume chart on ADVFN, if not can anybody suggest a good site?

[spob] 25/2/2010 01:41

US new-home sales tumble to record low February 25, 2010 - 7:39AM


AFP

Sales of new homes in the United States plunged 11.2 per cent in January from December to a historic low, the government reported on Wednesday in a fresh sign of weakness in the troubled housing market.

Sales of new single-family houses fell to a seasonally adjusted annual rate of 309,000, from a revised December rate of 348,000, the Commerce Department said.

It was the third consecutive month of declining sales and much worse than the 354,000 rate expected by most analysts.

The pace of new-home sales was the weakest in the official data series begun in January 1963.

January is typically a slow month in home sales as winter weather grips much of the country.

The January reading was 6.1 per cent below the year-ago rate of 329,000 units, which was the previous record low.

Home prices continued to slump as consumers were sidelined by worries about the strength of the economic recovery from recession and high unemployment.

The median sales price of new houses - the mid-point between the highest and lowest prices, was $US203,500 ($A229,037) in January, down from $US215,600 ($A242,656) in December.

The average sales price was $US254,500 ($A286,438) in January, down from $US274,400 ($A308,835).

The number of new homes for sale stood at a seasonally adjusted 234,000. At the current sluggish sales pace, it would take 9.1 months for the inventory to be sold.

[spob] 24/2/2010 16:42

.........Mr Cooper said: "At this stage there is no clear indication when our markets might return to growth again ... We are wary of the probably false starts that we expect to see ... activity levels remain fragile."

He added: "We are prepared for a long period of probable low growth and difficult trading conditions before we can anticipate a return to growth in our markets.

"We are concerned in particular about weak consumer spending trends in 2010 as inflation rises and the cushion of falling mortgage costs annualises out."

He said that demand from both builders and from consumers for home improvement would continue to fall this year.

His gloomy outlook statement, described by one analyst as "very dark", stunned investors, many of whom had been expecting a steady recovery.

Travis shares fell as much as 7 per cent in early trade. By mid-morning they were down 47.5p at 702.8p.

[liquidkid] 24/2/2010 12:50

Have I just read this wrong but it seems to be the most nonsensical trading statement I have ever seen.
"WOLSELEY EXPECTS GROUP TRADING PROFIT BEFORE EXCEPTIONAL ITEMS TO EXCEED CURRENT ANALYSTS' CONSENSUS" blah blah blah then
"costs are now expected to be material and therefore costs will be classified as exceptional" end of statement with a bit more blah in between.

eeerrr accounting 101. they could shift a whole shed load of costs into exceptionals this year as their markets are plainly broke. That will blow analyst estimates out of the water.

said something about not consistent but the info is just meaningless.
Next thing it'll be about how great currency fuctuations have been.

In comparison;
HOME(base) did a diy disaster last month by saying exceeding and got its shareprice nailed
KIE(r) today who just won a contract for some robocop station in Norfolk ups dividend and gets crucified.

[spob] 23/2/2010 16:27

US consumer confidence falls sharply

By Alan Rappeport in Washington

FT

Published: February 23 2010 15:43 | Last updated: February 23 2010 16:00

Figures on Tuesday showed that consumer confidence in the US fell to the lowest level in 10 months on fears about a slow labour market recovery.

The Conference Board's index of consumer sentiment fell to 46 in February from a revised 56.5 the prior month. Lynn Franco, director of the Conference Board's consumer research centre, said that fewer consumers were expecting improvements in business conditions or the jobs market in the next six months.

The weaker than expected report likely reflects the grim political climate and volatility in the financial markets, argues Ted Wieseman, an economist at Morgan Stanley. More worrying, Mr Wieseman said, is that the weak jobs outlook could bode poorly for next week's employment report.

US house prices meanwhile continued to bump along in December, notching a small monthly fall while recording slowing annual declines, while consumer confidence fell sharply on fears about the labour market.

Home prices in the 20 largest US cities fell by 0.2 per cent between November and were off by 3.1 per cent from the same month a year ago, according to the closely -watched Case-Shiller home price index. The annual price decline has eased each month this year.

"As measured by prices, the housing market is definitely in better shape than it was this time last year, as the pace of deterioration has stabilised for now," said David Blitzer, chairman of the index committee at Standard & Poor's, which publishes the report. "However, the rate of improvement seen during the summer of 2009 has not been sustained."

In the last three months of 2009, US home prices fell by just 2.5 per cent. That represents a sharp improvement from the first quarter, when they plunged by 19 per cent.

Despite signs of improvement, trouble spots remain for the housing market, and cities such as Detroit, Las Vegas and Tampa continue to deal with double-digit home price declines on an annual basis. San Francisco, San Diego, Washington and Denver recorded solid year-on-year gains in December.

Last week, President Barack Obama announced $1.5bn in support for housing finance agencies in the states worst-hit by the housing crisis - Nevada, Arizona, California, Florida and Michigan. All have seen falls of more than 20 per cent in house prices.

Mr Blitzer noted that in the fourth quarter, average US home prices were hovering close to where they were in the summer of 2003.

Economists have been cautious about calling a bottom for the US housing market, which still faces strong headwinds from foreclosures and tight credit. Mr Obama's announcement came as the Mortgage Bankers Association said 15 per cent of all home loans were either in foreclosure or late on a payment, the highest proportion since its surveys began in 1972.

"While many are interpreting the most recent results from this index as indicative of a bottom in home prices, we do not believe this to be the case," said Joshua Shapiro, chief US economist at MFR. "Temporary demand stimulated by the homebuyer tax credit has played an important role, particularly in the wake of the earlier magnified downside."

Mr Shapiro notes that home prices soared by 155 per cent in the seven years to 2006, when they peaked, and have only fallen 41 per cent since then. Economists at High Frequency Economics predict that prices could fall in the first half of the year as foreclosures cause a wave of supply in the housing market.

[phatprofit] 23/2/2010 16:17

re. EssentialInvestor - 23 Feb'10 - 08:28 - 228 of 233

If you honestly believe that there is a 'true' recovery in place then you are highly mistaken. Today's rise was nothing more than a squeeze on the majority here. They are short for a reason. Time will indicate the true value here.


SELL


P