Good Evening,
Some may be pleased to know EMC will be offline until after Easter, safe for two items (potentially). Ian has this golden opportunity to become active, although looking at his social diary, I suspect Ibuprofen and Paracetamol will be a key component of breakfast.
Following the (S)AGA Rangemaster (AGA) from FTML, with today's SP it’s wise to bank profits on all shorts. With near 30% downside in the SP from my previous target, it’s wiser to be a little more conservative and bank. Do not fear, the softness may be short-lived.
AGA are currently pushing their marketing in China and have formerly launched their AGATC and Redfyre brands. With any likely benefit in brand in China potentially improving performance benefiting and support in the stock with "hope value" (speculation.)
Performance in the UK, with access to easier credit, should be around 2.5% better. A new launch for North America with the AGA Marvel range (the Northland acquisition circa 2003) this autumn, will assist the company plus China and Europe in QE. With a decent potential momentum on all continents, one is turning morning positive on AGA.
Without knee-jerking to a long, it’s certainly under review, with some decent news flow (potentially positive) across the entire range (poor pun). AGA have had some well-timed launches across all regions, the future could just be warmer for AGA than the previous 12 months, with a disappointment in the market performance for those holding long. Patience could just be rewarded.
Atlas Iron (ASX: AGO), touched a new low overnight, at circa AU$0.12, bouncing back, reality?
Happy Easter, a break if you're avoiding Easter or merely just enjoy the bank holidays.
Atb Fraser
P.S. Stay tuned a well-versed commentary in due course with a contrarian view on a stock.
Have the pension issues you mentioned on ML gone away Fraser? I do not think so. AGA pension (government bond focus) will have a serious deficit. Agree its good to bank profits, the market bet is on AGA being the next Premier Foods/PFD pension fall out. They need around £40M and I think they should be raising it . I will maintain short to 40p. thanks for the views and happy Easter some really good stuff this year keep spreading those wings. Some more lex would be nice the copper was brilliance
ReplyDeleteFraser- Have a great week if you are off. I guess Ian will be too busy partying like its 1999 so it will be quiet here next week.
ReplyDeleteAnother Investors Chronicle tip has stalled today- Stanley Gibbons (SGI) down 15% at £2.25- their sales have slipped back, their online has slipped back as have their share price. It stays on the watchlist for me- nice prospects but a tendency to aim the gun at its feet from time to time and highly rated.
Re FOGL- its fairly obvious that the news from Zebedee leak out yesterday afternoon, as the volume in then indicates everyone and his mate got the tip and bought on a nod and a wink-- the well result is great but if they all try and get out of the exit at the same time, they get what they get today and the gains for the day traders are wiped out with yesterdays 5p gain gone now. This should settle later, but its funny to see how these leaks often play out. I loved Zebedee when I was a nipper, the spring boing sound being his intro in each show. Zebedee often finished off Magic Roundabout episodes by proclaiming "Time for bed"- maybe some of the tip recipients are thinking the same this morning too...
Cheers. The Leggie
Fraser- Hi- is this one of the announcements you hinted at above-
ReplyDeletehttp://www.smh.com.au/business/mining-and-resources/atlas-iron-shares-suspended-as-iron-ore-crash-forces-review-of-business-20150407-1mfmp8.html
Cheers. The Leggie