rsw - WELL DONE .Remember looking at it at 370p deciding it was a goodshort but I didn;t like the spread - having been burnt by the spread more than anytihng on a couple of these . Oh well....
PAG - dunno like KGN on a p/e of 4 but still keeps falling. Think someone just does not like these mortgage / loans companies cos they think they are gonna catcha cold,
Way way oversold and just waiting for MM's to get + ve and I'm er going to long em. Sorry know I mentioned the L word .
Indalo - just gone short ITRK. My last one was 430p down to 415p ish a few months back . Had a look again and lots of lemming institutions with 4/5 % holdings. Balance sheet looks carp considering they just raised £265m , which all appears to have gone to pay out the VC's etc . Charterhouse then sold half of a 15% stake after float to som new mugs. Weak dollar for which they are unhedged appears to dominate their sales revenues most of which are in Asia / US and either in dollars or in currency pegged to dollar.
I f dollar makes a nice move through 160 to £ watch this get buggered.
GOnna chase this hard if it starts to fall - looks a classic float to cash in and run , once price starts creaking I bet Chartehouse will dump rest of their stake which no doubt was acquired way below float price.
