IOMINVESTCOM
20 Oct 2015
Paul Scott's view [link]
IOMINVESTCOM
20 Oct 2015
Bought a few this this am @ 1.35 nm
IOMINVESTCOM
20 Oct 2015
Thoughts on today's trading anyone nm
time 2 retire
03 Oct 2015
New Major Interest in Shares HARGREAVE HALE LIMITED buys over 3 million shares for clients...[link]
IOMINVESTCOM
26 Aug 2015
Paul Scott's view Good morning!At last we have some interesting company results and trading updates, so I'll be able to get stuck into some proper reporting, rather than waffling on about chaotic market conditions!US marketsThe amazingly strong recovery that we saw yesterday, fizzled out in the US markets in the last hour, as you can see from the five-day chart below of the S&P 500. It has bounced strongly this week, twice now, but closed last night's session at or around the lows (of around 1870) which have been hit three times now this week. So traders are looking to see if this level holds again. If it does, then the market will have probably put in a bottom, and it will be time to gear up & go long. If c.1870 doesn't hold, then we might see another lurch down, who knows? So far, so good this morning, with the S&P futures currently at 1900 (at 9:12 am)This chart is the last five trading days, from Wed 19 Aug 2015, to yesterday, Tue 25 Aug 2015. So you can see the two big plunges on Mon, then a big bounce followed by another big fall, on Tue (yesterday):55dd704047b5dSPX_chart.JPGI'll stick my neck out, and say that I reckon this could be the low point, and I'm leaning a bit towards a decent recovery from here. Although that's purely a hunch. Why? Because the economic recovery in the USA is looking good now, inflation is low, and lower oil is feeding through into more consumer spending. When the American economy grows, it tends to pull the rest of the world up too. Cheap oil has historically always been good for growth too - fairly obviously, as it gives people and companies more money to spend, more than offsetting the reduction in capex by oil companies.Stock markets fundamentally go up & down because of expectations about future company earnings. So markets crashed in 2007-8 because the market realised that corporate earnings were likely to drop heavily, which they did. Then markets recovered, as the financial crisis stabilised and corporate earnings began to recover strongly.So I don't think there is any particular reason for shares to have another big move down, unless the market becomes convinced that earnings growth is stalling, or even likely to go into reverse. It's obvious why resources stocks have sold off, but it's difficult to see much of a valid reason for everything else to sell off too, apart from pockets of over-valuation in some sectors. Unless you think that we're going into recession again, or even worse, that a new financial crisis is brewing (bank shares have sold off a lot, so the market is clearly getting jittery about that).Debate is already raging about what caused the "flash crash" on Monday. High Frequency Traders (HFT) say it had nothing to do with them, and that they actually help create liquidity. I think most other people realise that's nonsense/PR, and that it's fairly obvious that computerised trading creates more volatility, because it rams through a much higher volume of trades at periods of peak market uncertainty, and sometimes does so at irrational prices.I think we just have to live with the fact that modern, inter-connected electronic markets, are inherently more volatile than we're used to. So every now and then, there will be large & very rapid moves down. The last week has felt really bad, but it's only been a 10% move down - which is a normal market correction. It just happened so fast, that seems to be what spooked some people. Or at least, we're not used to this level of volatility anyway, since corrections have been few & far between in recent years. As they say, if you can't take the heat...China ... again!As regards China, what the TV news here last night forgot to report, is that the Chinese have had a stock market crash because it had previously gone on a wild, speculative frenzy. Amazingly the Chinese market is still actually up in the last year, even after having crashed recently! One year chart below, courtesy of Bloomberg:55dd6e4c91cfbChina
time 2 retire
04 Aug 2015
Re: Divi payment and trading update... No problem jargone, i had a letter today-AGM on Sept 16th and payment to be made on the 23rd
jargone
03 Aug 2015
Re: Divi payment and trading update... Thank you for the update T2R
time 2 retire
01 Aug 2015
Re: Divi payment and trading update... It has to be approved and rubber stamped at September's AGM first jargon
jargone
31 Jul 2015
Re: Divi payment and trading update... I saw online that dividend was paid 9 July, but I still have not received mine. Have any of you received your dividend?
Roger Baron
02 Jul 2015
Re: Too cheap to ignore....... thanks for the link. Good to see GW still thinks it is a Buy. I had been thinking maybe I should be taking my profits!
time 2 retire
01 Jul 2015
Too cheap to ignore....... [link]
IOMINVESTCOM
24 Jun 2015
Edison - Many happy returns - 1.45-1.64 target [link]
time 2 retire
11 Jun 2015
Valued share that's about to FLY says iii [link]
time 2 retire
15 May 2015
Re: Divi payment and trading update... Results penciled in for circa June 23rd this year according to EDISON.
Roger Baron
15 May 2015
Re: Divi payment and trading update... Last year results were out 2nd July so don't hold your breath.
