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PetroLatina Energy - Speculative Buy at 58p with 123.4p Target Price
From Growth Equities & Company Research 09 February 2010
Buy Nichols (NICL) at 340p
From SmallCapShares.co.uk 08 February 2010
Buy MBL Group* (MUBL) at 178p
From WatsHot 07 February 2010
Buy Conroy Diamonds & Gold (CDG) at 5.125p
From UKMicrocap 06 February 2010
Buy Logica (LOG) at 122p
From UK350.com 05 February 2010
Buy Close High Income Properties at 18.5p
From Tom Winnifrith's t1ps.com 04 February 2010
Blavod Wines & Spirits* - Reiterate ‘Buy’ at 3.75p
From Growth Equities & Company Research 03 February 2010
On 4th November last year, I recommended buying Man Group at 315p for a trade immediately prior to the results on the basis that the dividend would be held and the shares would run to 370p. It worked a treat and the shares traded at 370p days later after an upbeat statement which showed net fund redemptions had halted after the rush for the exit in second half of the previous year.
The shares are now 220p,yielding 12.4%, significantly under performing what has been a dismal time for financials, so what went wrong and is it time to buy?
What went wrong is the performance of Man AHL Diversified Futures Ltd. This is Man’s flagship fund which accounts for half their total funds under management. AHL “seeks to capitalise primarily on upward and downward price trends in a diversified range of global stock index, bond, currency, short-term interest rate and commodity futures markets. The product offers the potential for returns independent of traditional forms of investment.”
AHL has now lost 16.6% of its value in 12 months with losses accelerating from October. Man recruits high powered boffins from Oxford University to run the fund which is based on computer programmes and they are working hard to fix the problem. The fund still averages an 11.1% annual growth rate since its inception in 1998, however and suffered a similar wobble in 2001.
Given that Man earned no performance fees from AHL in the six months to September 2009 any negative impact on future results will not be on these but on possible redemptions and declining NAV and therefore smaller management fees.
I suspect that Man’s near 40% fall in the last two months has been overdone and unless the wheels really have come off AHL (which has worked fine for twelve years ) the shares represent good value. I have bought in at 240p with a short term target of 300p but I will be keeping a keen eye on the AHL NAV number which is published weekly via an RNS.
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Posted by ShareCrazy on Fri Jan 29, 12:25 PM in John Piper TradingTop trader John Piper produces a weekend video clip each week, giving a clear and concise view of what the markets are saying about the week to come. Using this format allows John to fully explain his analysis and you see the market wave pattern appear before your eyes.
Each clip is around 10 minutes long and covers the FTSE and the Dow primarily, with other markets when they have something interesting to tell us.
Here is what John’s clients say about these clips…
“excellent, John, really enjoyed it”
“great use of media”
“video presentation is a brilliant idea”
“fabulous – it gives a clear idea of what you are thinking”
Now, for a limited period, you can try these videos for yourself and see how John makes his great calls.
John Piper’s Trading subscribers get these clips on the days they are recorded – go to JohnPipersTrading.com to subscribe to this service
Posted by ShareCrazy on Fri Jan 22, 11:34 AM in John Piper Trading
Hello Crazy Crew,
Most firms have a website. If they don’t, it’s one more point to consider when buying the shares Do they lack transparency? Are they too lazy to market themselves properly?
Having found the website, how does it help you to decide to buy or sell the share. Well, I think I’ve said before, that what is sometimes said on a company website has to be taken critically. They’re hardly going to waste their own space, putting down negatives which could cost them shareholders and orders, are they?
There are lots of things up there usually, from how the firm got going in the middle ages, perhaps, to how many mergers and aquisitions they’ve encountered through the years and so on. None of that matters too much when it comes to deciding to buy the stock.
History is old news. Things change. What made them millions in the days of good Queen Vic, may be a huge liability today. But there should be more up to date news on the website than that. For example, often listed under ‘ investor information’ are the money reports. You can study the latest figures – though they might not be that up to date – and you can compare those figures with previous years to try to arrive at a trend.
Do they make profits year in year out, or does the turnover only keep rising? Companies often trot this out as an advantage, but it isn’t always one. If the annual turn over keeps rising and the profits go down, it could show inefficency is on the march.
Or it could be that competition is growing fast, easing your company out of big lashings of market share. Sorry, lapsing into jargon again. What I mean was that the company might be getting smaller in the shadow of the competition.
So study those figures on the website. I tend to glace through the ‘financial highlights’. These, as you would expect, miss out the financial lowlights. I try to plough through the meatier stuff that comes after that. A bit boring, mayhap. but it could save me money. And now it’s time to go and studing the Sharecrazy.com web site. Now that is useful. Rock on.
Posted Tue Feb 9, 07:58 AM | Permlink: # | Comment |