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(LAD.L) Ladbrokes PLC Buy/Sell
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Summary
Trade UK shares with CFD Trading. Low commission: Equity CFDs (trade from £15)
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| Date/Time | Headline | Source |
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| 20-11-09 | AFX UK Focus |
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Daily Telegraph MORRISONS: NO SUCCESSION RUSH Sir Ian Gibson, the non-executive chairman of WM Morrison , has said that the company hopes to have a successor to the poached chief executive Marc Bolland in place "early in the new year", but claimed that Morrisons was not in a rush and there was no deadline. Gibson made the remarks as the supermarket chain released results showing that like-for-like sales growth declined to 4.3 per cent during the 13 weeks to November. The figures were disappointing compared to City predictions of 4.6 per cent and the 7.8 percent growth seen in the first half of 2009.
INVESTEC CHIEF CONFIDENT ON RECOVERY Investec has reported a 10 per cent fall in its pre-tax profits to 204 million pounds during the first half of 2009. The chief executive Stephen Koseff, however, noted that the bank's bad debts appear to be diminishing compared to last year. Although bad debts rose from 76 million pounds to 134 million pounds in the last six months, they had reached as high as 180 million pounds during the final half of 2008. Koseff expressed optimism for the future, whilst doubting that all the damage done by the financial crisis would be undone.
LADBROKES TO CLOSE CALL CENTRES DUE TO TAX The bookmaker Ladbrokes is to close its call centre at Aintree, threatening 263 jobs. Employees are to be offered a chance to relocate, in order to reduce the number of redundancies. The company blamed its decision on tax regulations placed on telephone betting operators in the UK. "Telephone betting is a very competitive market", stated the Ladbrokes spokesman Ciaran O'Brien, "and one that is becoming increasingly difficult for UK-based operators, who face significantly higher levels of tax than those operating from offshore jurisdictions." Revenue fell 41.3 per cent to 9.1 million pounds during the first half of 2009.
QUESTOR National Grid (Buy) BG Group (Buy) The Guardian TESCO RINGS THE CHANGES WITH PLANS TO OFFER HOME PHONE. Tesco is planning to increase its stake in the telecoms market, saying it sees more opportunities for big returns from mobile phone and broadband users. Tesco has recently announced a five-year deal with Cable and Wireless for it to supply Tesco with wholesale broadband packages, which it intends to supply to customers in bundled deals with its other products. Tesco is aiming to double its number of phone shops to 200 by the end of 2010.
BLUE-BLOOD CAZENOVE JOINS THE BLUE CHIPS Cazenove has been bought-out by JP Morgan for one billion pounds. Most of Cazenove's shares were owned by current and former employees - David Mayhew, the chairman of Cazenove, stands to make 20 million pounds from the deal, with JP Morgan offering 535p a share. Mayhew has been at Cazenove for 40 years, and there have been speculations about his retirement for over a decade. He is to stay on as chairman but will no longer have a role in the management of the business.
OLIGARCHS BACK RUSSIAN NOVICE AS NEW CHIEF OF TNK-BP GROUP In a move that proves the dominance of Moscow shareholders in the TNK-BP group, an inexperienced favourite of the Russian investors has been chosen as the new chief executive. Maxim Barsky, 36, will be trained at BP's headquarters in London for five months before assuming the position in 2011. BP has insisted that it was not steamrollered into the decision. BP's chief executive Tony Hayward said that he was "pleased" by the development. The Times LEGAL & GENERAL LINES UP EX-WOOLWICH BOSS AS CHAIRMAN Legal & General, the UK's third-largest insurer, is set to appoint former Barclays chief executive John Stewart as its new chairman. L&G has been searching for almost a year for a replacement for Rob Margetts, who has served as chairman for almost ten years. L&G senior independent director Sir David Walker has begun canvassing shareholders over the prospective appointment, and the insurer is expected to announce next week that Stewart will take up the position from January.
BURBERRY TARGETS INDIA'S BRAND-AWARE MIDDLE CLASS British fashion firm Burberry has applied for government clearance to launch a joint venture with Indian fashion retailer Genesis Colors. Burberry is hoping that it can match in India the growth it has achieved in China, where the company operates 44 stores and is enjoying double-digit percentage revenue growth. Burberry chief executive Angela Ahrendts said: "India is on a different curve. We only have about two stores there now but I see the same growth potential."
TRINITY MIRROR BIDS FOR NORTH EAST SLOT IN ITV LOCAL NEWS Publisher Trinity Mirror is bidding alongside the Press Association and television producer Ten Alps for the chance to make an ITV regional news bulletin for the North East. Trinity Mirror is already the owner of several newspapers in the region and hopes that these would form the basis for a new Tyne-Tees news service, to be part-funded by public money. ITV has complained that regional news bulletins will become uneconomic when the UK switches to digital television, and Labour ministers are keen for money from the BBC licence fee to be used to help fund regional news on ITV.
TEMPUS National Grid (A solid hold) PayPoint (Too soon to check out) AEA Technology (Take profits) The Independent
SAB MILLER RAISES A GLASS TO UK SALES SAB Miller has reported that volumes increased amongst its leading beer brands in the UK during the six months to 30 September. The brewer's UK business, Miller Brands, grew volumes of Peroni Nastro Azzurro by 35 per cent over the period and increased volumes of Pilsner Urquell by 26 per cent. The brewer reported earnings before interest, tax, depreciation and amortisation were down two per cent to 2.19 billion dollars over the half year period, with pre-tax profits falling to 1.5 billion dollars, after exceptional charges of 239 billion dollars.
HALFORDS PROFITS SOAR BY 24 PER CENT Halfords has reported a 24 per cent increase in pre-tax profits to 60.9 million pounds for the 26 week period to October 2, driven by a 2.1 per cent increase in underlying sales during the second quarter and tight cost controls. David Wild, chief executive of the bike and car parts retailer, said: "We can certainly continue sales for the remainder of this quarter, but we are a bit more nervous about the first quarter of next year with VAT going up, unemployment rising and the impact of sterling on buying products from overseas."
KIER NAMES SUCCESSOR TO VETERAN CHIEF EXECUTIVE Paul Sheffield has been appointed as the successor to Kier chief executive John Dodds when he stands down from the construction and engineering services group next April. Mr Sheffield is currently Kier's head of construction, infrastructure and overseas business, and has been with the group since joining as a graduate engineer in 1983. Out-going chief executive Dodds said: "I've worked with Paul Sheffield for over 25 years and I'm absolutely convinced that he is the right man to lead Kier into the future. Paul is highly talented and I look forward to working with him to ensure a seamless transition during the lead up to my retirement."
INVESTMENT COLUMN National Grid (Buy) Unite Group (Buy) Huntsworth (Hold)
Prepared for Reuters by Durrants
COPYRIGHT Copyright Thomson Reuters 2009. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters. More |
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| 18-11-09 | RNS |
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RNS Number : 7121C
Ladbrokes plc
18 November 2009
existing shares to which voting rights are attached:
2. Reason for the notification (please tick the appropriate box or boxes)
An acquisition or disposal of financial instruments which may result in the
acquisition of shares already issued to which voting rights are attached
An event changing the breakdown of voting rights
Other (please specify):
threshold is crossed or reached if different):
8. Notified details:
A: Voting rights attached to shares
CODE
Eminence Capital, LLC
GB00B0ZSH635
Ricky C. Sandler
GB00B0ZSH635
B: Financial Instruments
Total (A+B) Number of voting rights % of voting rights
Eminence Capital, LLC
Ricky C. Sandler
9. Chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held, if applicable: Ricky C. Sandler is the Managing Member of Eminence Capital, LLC and therefore may be deemed to have indirect voting power with respect to the shares directly owned by the funds managed by Eminence Capital, LLC, and individually with respect to shares over which Mr. Sandler has investment discretion.
Proxy Voting:
12. Date on which proxy holder will cease to hold voting rights: N/A 13. Additional information: This information is provided by RNS The company news service from the London Stock Exchange END
HOLILFSSLRLTLIA More |
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| 18-11-09 | AFX UK Focus |
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Reuters Messaging rm://david.brett.reuters.com@reuters.net Keywords: MARKETS UK STOCKSNEWS COPYRIGHT Copyright Thomson Reuters 2009. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters. More |
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| 18-11-09 | AFX UK Focus |
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LONDON, Nov 18 (Reuters) - Ladbrokes Plc:
the board as non-executive directors ((London Equities Newsroom; +44 20 7542 7717)) (For more news, please click here)
COPYRIGHT Copyright Thomson Reuters 2009. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters. More |
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thx everything seems to be falling into place now - only I can't figure out how you calculated the time element of 10p? [119p minus 110 = 9p not 10p?]
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| Fri 14:24 | ||||
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Yes, I deal by phone. Ladbrokes were in the FTSE 100 when they had Hilton and have remained one of the shares dealt in the option market I dont know why.
The option prices move up and down at approx the same amount as the shares. There is a time element built in which reduces gradually until the date when that particular option ends (Of course, you can trade at any time until then). I bought the June 110 for 19p when the share price had dipped to 119. (there was thus a time element cost of 10p). When the shares reached 135, it would have cost about 35p to buy them (same time cost of 10p). Both shares and option had risen by 16p. I could have probably sold them for 31p. LIFFE produce a free booklet about trading in options. More | View thread (13) | Respond | Login to Vote up | Login to Vote down |
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| Fri 00:01 | ||||
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Enthusiast, sorry for all the questions but I'm very much interested in starting to trade options. You mentioned Rensburg Sheppards but it seems you deal only by phone with them? You also said that UK options are limited to FTSE 100 stocks - then how can you buy an option on Ladbrokes?
also you said 'When you bought 7000 shares @120, I bought 50 June 110 options @19p. If we both sold our holdings at time of writing you would get 133, a profit of £910 on an outlay of £8400 (+dealing fee). I would get 30p, a profit of £5500 on an outlay of £9500.' traditional share holder: sell at 133p bought at 120p = 13p gain = £910 option holder: gain of 133 - 110 = 23p. where did you get the 30p? or can the option trade at higher than the current price due to the momentum? More | View thread (13) | Respond | Login to Vote up | Login to Vote down |
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| Thu 11:09 | ||||
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It is risky but if you believe a stock is undervalued, I prefer the gearing with options. I use Rensburg Sheppards and have traded for 10 years or more an am ahead.
If I had only bought 1 option in the example I gave it would have only cost £190 (+usual dealing cost). I did not sell any when I could have got 30p for them but will sell half if, at any time in the next 6 months or so they reach 40p. I will then keep the other half (which will have cost me nothing) to see if they go up further. Like shares they are quoted each minute - today they are down a bit and I saw 27 - 31. Depending on the volatility the spread is greater than for ordinary shares but you can ask your broker to 'put them on the board for, say 29, and 9 times out 10 you will get the trade. The only shares you can buy and sell options are those quoted by LIFFE and are mainly FTSE 100. You can see the prices fluctuate (15min delay) by 'subscribing' (it costs nothing) to their service. My link is http://www.liffe-data.com/equityOptions.aspx. More | View thread (13) | Respond | Login to Vote up | Login to Vote down |
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