The Weekly Top 10 Share Buys and Sells - 27 Oct 09
The Top Ten buys and sells are measured as the total number of trades carried out in each stock by TD Waterhouse clients over the previous 7 days.
This report is not a recommendation to buy or sell these stocks.
Top Ten Buys
Top Ten Sells
1
Lloyds Banking Group
Lloyds Banking Group
2
Royal Bank of Scotland Group
Royal Bank of Scotland Group
3
Barclays
Gulf Keystone Petr
4
Gulf Keystone Petr
Nostra Terra Oil
5
Nostra Terra Oil
Xstrata Plc
6
Xstrata Plc
BP
7
Beacon Hill Res
Barclays
8
Yell Group
Taylor Wimpey
9
Kazakhmys
Vodafone Group
10
Taylor Wimpey
Kazakhmys
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Buying was decidedly the strategy of choice this week as TD Waterhouse customers scooped up stocks at a buy to sell ratio of nearly 2 to 1. Last week’s tables marked a shift in sentiment with adventurous customers looking to new stocks in the hope of making future profits. And this week customers were even more active, buying up 19% more shares compared to last week.
Among the buys, AIM listed mining group Beacon Hill Resources became the latest new stock to enter our top ten charts in recent weeks, following news that the company has raised £725,000 before expenses in a 0.25p per share placing with new and existing shareholders.
Proceeds from this fundraising will be used together with the £1m already raised from its recent acquisition of mining company Tasmanian Magnesite NL. The new cash will be used to pay for additional exploration and drilling to upgrade the current 39m ton magnesite resource.
It will also fund the mine design and construction, which is anticipated to begin in the second half of 2010.
But Beacon Hill wasn’t the only mining company to make it into the top ten this week.
Old favourite Kazakhmys re-entered the buys at ninth place (and 10th in the sells) after a one week absence. The international mining and metals company has seen some volatility in its share price over the past few weeks, which could explain why the company sits in both buys and sells tables. Kazakhmys nursed a loss on Wednesday (28 Oct) of 97p taking its share price down to £11.27 amid concerns about demand for commodities.
This follows a very successful surge in its share price only two weeks ago, when it climbed 20p to £11.93 on October 13th after the company sold a 25% stake in Ekibastuz GRES-1, the largest power plant in Kazakhstan to government owned sovereign wealth fund Samruk-Kazyna for $339m in cash to repay its debt.
Meanwhile, the company is also said to be in discussions with Samruk-Kazyna and the China Development Bank about a $2bn loan facility to help fund the development of major growth projects.
Finally, Xstrata has also climbed up three places in the buys, after its merger deal with Anglo American fell through two weeks ago.
Xstrata had sought a merger with rival mining company Anglo American for four months, but abandoned the proposal only five days before a put-up-or-shut-up deadline imposed by the Takeover Panel because it had failed to persuade Anglo’s shareholders of the merits of a merger of equals.
Anglo’s shareholders described the valuation as underwhelming, but rejecting the deal caused Anglo’s share price to plummet on the day of the announcement (15 Oct). Meanwhile, Xstrata's decision to withdraw means it cannot make a bid for Anglo for at least six months unless another company launches a takeover or there is a material change in Anglo's circumstances.
Some analysts believe it’s not completely over and that the pair might yet agree a deal.
The above content does not constitute investment advice. This report is not a recommendation to buy or sell these stocks. Neither Online-Spread-Betting.com nor TD Waterhouse accepts any responsibility for any use that may be made of the above.
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Note - Spread Betting carries a high level of risk to your capital and you can lose more than your initial investment, it may not be suitable for all investors. Ensure you only speculate with money that you can afford to lose and that you fully understand the risks involved and seek independent financial advice where necessary.
'UK Share Trading Index 2009 - Week 44', Feature by D. Jones, last update: 27-Oct-09
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