uk main day trader 20120419

8/2/2019 uk main day trader 20120419

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Intellisys www.intellisys.uk.com 19 April 2012

Page 2 of 24 Intellisys 19 April 2012

Contents

Market Pictures - Indices ......................................................................... 5FTSE 100 ................................................................................................ 5FTSE 250 ................................................................................................ 6FTSE All Share Index ................................................................................ 7FTSE AIM All Share .................................................................................. 8

Market Pictures Interest Rates ............................................................ 10UK Bank Lending Rates ........................................................................... 10Eurozone Lending Rates .......................................................................... 11US Federal Funds Rate ........................................................................... 12

Market Pictures Exchange Rates ......................................................... 13Market Pictures - Oil............................................................................... 15Aerospace & Defence ....................................................................... 16Automobiles & Parts ........................................................................ 16Banks ....................................................................................... 16Beverages .................................................................................. 16Chemicals .................................................................................. 16Construction & Building Materials ........................................................ 16Electronics & Electrical Equipment ....................................................... 17Engineering & Machinery .................................................................. 17Food & Drug Stores ......................................................................... 17Food Producers & Processors ............................................................. 17General Retail ............................................................................... 18Health ........................................................................................ 18Household Goods & Textiles .............................................................. 18Information Technology & Hardware .................................................... 18Insurance .................................................................................. 18Leisure & Hotels ............................................................................ 19Life Assurance ............................................................................ 19Media & Entertainment .................................................................... 19Mining ........................................................................................ 19Oil & Gas ..................................................................................... 20Personal Care & Household Products .................................................... 20Pharmaceuticals & Biotechnology ........................................................ 20Software & Computer Services ........................................................... 20Speciality & Other Finance ................................................................ 20Support Services ............................................................................ 21Telecommunication Services .............................................................. 21Transport .................................................................................. 21Utilities ..................................................................................... 22DISCLAIMER ............................................................................................. 23


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IntroductionThe overriding purpose of this daily report is to provide users with a quick guidethat will identify those shares that merit their investment attention in anincreasingly time critical and information noisy trading environment.

The report is published daily and delivered to the subscribers personal email box,

typically, before the official open of the London Stock Markets.

Putting aside luck, Intellisys recognises that the timing and value of aninvestment are the two primary drivers behind a successful portfolio performance.

TimingIntellisys has invested considerably in identifying what it believes are the key

factors that influence investment timing. Having identified the key parameters,these have been established as rules that reflect market dynamics and cutthrough the daily investment noise.

Through this discipline, Intellisys has removed the emotional and sentimentalfactors as well as the daily pressures exerted upon primary stock promoters(analysts and traders) to find stories for their investment meetings.

From an analysis of a years data for 40 stocks within Intellisys stock coverage,the trading indicators appear to be, on average, about 77% accurate inidentifying good trading points as well as some 74% accurate for overall trend

correlation.

The following chart provides an indication the accuracy scores for each of the 40stocks analysed.

Individual Stock Recommendation & Trend Accuracy Scores

Source: Intellisys

20.0%

30.0%

40.0%

50.0%

60.0%

70.0%

80.0%

90.0%

100.0%

110.0%

120.0%

1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40

20.0%

30.0%

40.0%

50.0%

60.0%

70.0%

80.0%

90.0%

100.0%

110.0%

120.0%

Best Buy/Sell Trend


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Value

A similar discipline has been applied to the process of establishing Target Prices.On a daily basis, Intellisys analyses as broad an array of historic data from notonly the Profit & Loss Account but also the Balance Sheet and Cash flow

Statement and then utilises this data within its proprietary valuation models.

Intellisys architect, Philip Morrish, has successfully applied these disciplines to his

investment research for the last 15+ years. Additionally, these investment

valuation techniques lend themselves to accurate cross-border analysis.

The resultant Target is also discounted to a Net Present Value to make the

Target as realistically valid as possible.

Nevertheless, Intellisys recognises that Target Price delivery is not only a

function of market levels but a management teams ability to establish andmaintain a value generating operating environment set against a constantlychanging global background.

The typical investment analysts approach to determining target prices is to startwith a modest range of some 6 10 valuation measures and remove those that

are not providing the intuitive result. Intellysis approach is the opposite we useas many valuation methodologies as possible.

Further, Intellisys recognises that some target prices may appear strange orextreme. However, subscribers should not dismiss these outcomes but use them

as starting points to challenge their established or perceived valuation opinion ofa stock.

In short, this disciplined approach provides an investment reality check to assist

investors from falling in love with a stock or becoming mesmerised bymanagement cults.

ConclusionNo investment methodology is 100% successful and like all trading andinvestment systems active position monitoring is critical for maximisedinvestment performance.

Therefore, Intellisys recommends that its products should be used in conjunctionwith, and not separate from subscribers existing investment systems as well asdiscussing investment options with their financial advisers.

Philip Morrish ([email protected])

RISK WARNING Recommendations and Target Prices

Intellisys does not make personal recommendations. The information in thispublication is provided solely to enable you to make your own investmentdecisions.If you are unsure about dealing in shares and other equity investments, you

should contact your financial adviser as these types of investments may not besuitable for everyone.The value of stocks and shares, and the income from them, can fall as well as riseand you may not get back the full amount you originally invested. If denominated

in a foreign currency, fluctuations in the exchange rate will also affect the valueof stocks and shares and the income from them. Past performance is notnecessarily a guide to future performance.


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Market Pictures - Indices

FTSE 100

Index PE

3,512.1

3,987.5

4,944.4

5,745.3

6,082.9

6,091.3

6,732.4

2000 4000 6000 8000

5Y Lo

3Y Lo

1Y Lo

Last Close

1Y Hi

3Y Hi

5Y Hi

FTSE 100

7.0

7.9

7.9

9.7

14.1

18.2

18.2

5 10 15 20

5Y Lo

3Y Lo

1Y Lo

Last Close

1Y Hi

3Y Hi

5Y Hi

FTSE 100 PE

% change % change

1M -3.7; 3M 0.8; 12M -2.1 1M -4.9; 3M -5.5; 12M -28.4

Yield RSI

2.9

2.9

3.0

3.6

3.9

5.2

6.2

1.0 3.0 5.0 7.0

5Y Lo

3Y Lo

1Y Lo

Last Close

1Y Hi

3Y Hi

5Y Hi

FTSE 100 DY

25.5

49.7

74.8

0 20 40 60 80

Lo

Last Close

Hi

FTSE 100 RSI

% change

1M 4.6; 3M 3.1; 12M 17.9


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FTSE 250

Index PE

5,491.5

6,987.3

9,425.9

11,432.0

12,167.8

12,167.8

12,220.2

500 5500 10500 15500

5Y Lo

3Y Lo

1Y Lo

Last Close

1Y Hi

3Y Hi

5Y Hi

FTSE 250

7.1

7.1

7.1

18.6

19.5

27.8

27.8

5 10 15 20 25 30

5Y Lo

3Y Lo

1Y Lo

Last Close

1Y Hi

3Y Hi

5Y Hi

FTSE 250 PE

% change % change

1M -3.1; 3M 7.2; 12M -0.5 1M 4.9; 3M 14.8; 12M 9.0

Yield RSI

1.9

2.2

2.3

2.8

3.3

3.8

5.7

1.0 2.0 3.0 4.0 5.0 6.0

5Y Lo

3Y Lo

1Y Lo

Last Close

1Y Hi

3Y Hi

5Y Hi

FTSE 250 DY

25.6

50.8

83.4

0 20 40 60 80 100

Lo

Last Close

Hi

FTSE 250 RSI

% change

1M 4.8; 3M -4.7; 12M 16.5


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FTSE All Share Index

Index PE

1,781.6

2,038.4

2,557.8

2,988.4

3,160.9

3,160.9

3,479.0

500 1500 2500 3500 4500

5Y Lo

3Y Lo

1Y Lo

Last Close

1Y Hi

3Y Hi

5Y Hi

FTSE ALL SHARE

7.4

8.5

8.5

10.5

14.6

19.5

19.5

5 10 15 20 25

5Y Lo

3Y Lo

1Y Lo

Last Close

1Y Hi

3Y Hi

5Y Hi

FTSE ALL SHARE PE

% change % change

1M -3.5; 3M 1.8; 12M -1.9 1M -4.5; 3M -3.5; 12M -25.3

Yield RSI

2.7

2.8

2.9

3.5

3.8

5.0

6.1

1.0 3.0 5.0 7.0

5Y Lo

3Y Lo

1Y Lo

Last Close

1Y Hi

3Y Hi

5Y Hi

FTSE ALL SHARE DY

25.4

49.8

74.8

0 20 40 60 80

Lo

Last Close

Hi

FTSE ALL SHARE RSI

% change

1M 4.5; 3M 1.8; 12M 17.1


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FTSE AIM All Share

Index PE

373.8

448.9

657.8

784.6

921.6

968.3

1,236.6

200 700 1200 1700

5Y Lo

3Y Lo

1Y Lo

Last Close

1Y Hi

3Y Hi

5Y Hi

FTSE AIM ALL-SHARE

-203,906.0

-203,906.0

-203,906.0

-367.8

304.6

1,240.8

1,439.5

-250000 -200000 -150000 -100000 -50000 0 50000

5Y Lo

3Y Lo

1Y Lo

Last Close

1Y Hi

3Y Hi

5Y Hi

FTSE AIM ALL-SHARE PE

% change % change

1M -2.8; 3M 5.8; 12M -12.8 1M -237.9; 3M -470.1; 12M -84.1

Yield RSI

0.4

0.5

0.6

0.7

0.8

1.7

2.1

0.2 0.7 1.2 1.7 2.2

5Y Lo

3Y Lo

1Y Lo

Last Close

1Y Hi

3Y Hi

5Y Hi

FTSE AIM ALL-SHARE DY

23.6

48.9

91.9

0 50 100

Lo

Last Close

Hi

FTSE AIM ALL-SHARE RSI

% change

1M 7.6; 3M 18.3; 12M 16.4


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S&P 500

Index PE

676.5

832.4

1,099.2

1,385.1

1,419.0

1,419.0

1,565.2

400 900 1400 1900

5Y Lo

3Y Lo

1Y Lo

Last Close

1Y Hi

3Y Hi

5Y Hi

S&P 500 COMPOSITE

13.4

13.4

13.4

15.6

17.5

146.3

146.3

10 60 110 160

5Y Lo

3Y Lo

1Y Lo

Last Close

1Y Hi

3Y Hi

5Y Hi

S&P 500 COMPOSITE PE

% change % change

1M -1.4; 3M 5.9; 12M 6.1 1M -2.7; 3M 5.1; 12M -8.0

Yield RSI

1.8

1.8

1.9

2.2

2.4

2.6

3.4

0.5 1.5 2.5 3.5 4.5

5Y Lo

3Y Lo

1Y Lo

Last Close

1Y Hi

3Y Hi

5Y Hi

S&P 500 COMPOSITE DY

28.5

49.2

81.6

0 20 40 60 80 100

Lo

Last Close

Hi

S&P 500 COMPOSITE RSI

% change

1M 7.7; 3M 2.8; 12M 15.0


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Market Pictures Interest Rates

UK Bank Lending Rates

UK

0.50

0.50

0.50

0.50

0.50

0.50

5.75

0.00 1.00 2.00 3.00 4.00 5.00 6.00 7.00

5Y Lo

3Y Lo

1Y Lo

Last Close

1Y Hi

3Y Hi

5Y Hi

UK CLEARING BANKS BASE RATE

% change

1M 0.0; 3M 0.0; 12M 0.0

UK Lending PE

200.0

200.0

200.0

200.0

200.0

200.0

17.4

10 60 110 160 210

5Y Hi

3Y Hi

1Y Hi

Last Close

1Y Lo

3Y Lo

5Y Lo

UK CLEARING BANKS BASE RATE PE


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Eurozone Lending Rates

Eurozone

1.75

1.75

1.75

1.75

2.25

2.25

5.25

0.00 1.00 2.00 3.00 4.00 5.00 6.00

5Y Lo

3Y Lo

1Y Lo

Last Close

1Y Hi

3Y Hi

5Y Hi

EUROZONE MARGINAL LENDING RATE

% change

1M 0.0; 3M 0.0; 12M -12.5

Eurozone Lending PE

57.1

57.1

57.1

57.1

44.4

44.4

19.0

10 20 30 40 50 60

5Y Hi

3Y Hi

1Y Hi

Last Close

1Y Lo

3Y Lo

5Y Lo

EUROZONE MARGINAL LENDING RATE - PE


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US Federal Funds Rate

US

0.04

0.04

0.04

0.16

0.17

0.25

5.41

0.00 1.00 2.00 3.00 4.00 5.00 6.00

5Y Lo

3Y Lo

1Y Lo

Last Close

1Y Hi

3Y Hi

5Y Hi

US FEDERAL FUNDS RATE

% change

1M 6.7; 3M 77.8; 12M 60.0

US Lending PE

2,500.0

2,500.0

2,500.0

625.0

588.2

400.0

18.5

10 510 1010 1510 2010 2510 3010

5Y Hi

3Y Hi

1Y Hi

Last Close

1Y Lo

3Y Lo

5Y Lo

US FEDERAL FUNDS RATE - PE


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Market Pictures Exchange Rates

US$/

1.37

1.43

1.53

1.60

1.67

1.70

2.11

1.00 1.20 1.40 1.60 1.80 2.00 2.20

5Y Lo

3Y Lo

1Y Lo

Last Close

1Y Hi

3Y Hi

5Y Hi

US$/

% change

1M 1.2; 3M 4.0; 12M -1.0

/

1.02

1.07

1.11

1.22

1.22

1.24

1.50

1.00 1.10 1.20 1.30 1.40 1.50 1.60

5Y Lo

3Y Lo

1Y Lo

Last Close

1Y Hi

3Y Hi

5Y Hi

EURO/

% change

1M 1.6; 3M 1.6; 12M 7.1


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Market Pictures Exchange Rates

US$/

1.19

1.19

1.27

1.31

1.48

1.51

1.60

0.80 1.00 1.20 1.40 1.60 1.80

5Y Lo

3Y Lo

1Y Lo

Last Close

1Y Hi

3Y Hi

5Y Hi

US$/EURO

% change

1M -0.4; 3M 2.1; 12M -7.8

/

117.1

117.1

117.1

130.3

136.6

162.5

250.1

100.0 150.0 200.0 250.0 300.0

5Y Lo

3Y Lo

1Y Lo

Last Close

1Y Hi

3Y Hi

5Y Hi

YEN/

% change

1M -1.3; 3M 10.2; 12M -2.1


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Market Pictures - Oil

Brent Monthly FOB US$/bbl

34.6

48.3

104.0

117.2

126.6

126.6

145.6

0 50 100 150 200

5Y Lo

3Y Lo

1Y Lo

Last Close

1Y Hi

3Y Hi

5Y Hi

Oil (Brent) Monthly FOB U$/bbl

% change

1M -6.14; 3M 5.84; 12M -3.62


Intellisys does not make personal recommendations. The information in thispublication is provided solely to enable you to make your own investmentdecisions.

If you are unsure about dealing in shares and other equity investments, you

should contact your financial adviser as these types of investments may not besuitable for everyone.

The value of stocks and shares, and the income from them, can fall as well as riseand you may not get back the full amount you originally invested. If denominatedin a foreign currency, fluctuations in the exchange rate will also affect the valueof stocks and shares and the income from them. Past performance is notnecessarily a guide to future performance.


16/24



Aerospace & Defence

Stock Price 12M Lo 12M Hi ST Rec BetaBAE SYSTEMS 289.2 248.1 340.8 Neutral 0.646CHEMRING GROUP 379 368.8 677 Neutral 0.519COBHAM 238.4 165.9 238.9 Neutral 0.907MEGGITT 404.5 305 412 Neutral 1.338ROLLS-ROYCE HOLDINGS 813 552.19 842.5 Neutral 1.098SMITHS GROUP 1035 869.5 1340 Neutral 0.725ULTRA ELECTRONICS HDG. 1669 1305 1780 Neutral 0.597UMECO 568 243.5 568 Sell 0.800

Automobiles & Parts

Stock Price 12M Lo 12M Hi ST Rec Beta

GKN 209.2 157 245 Neutral 1.977INCHCAPE 369.4 268.6 425.4 Neutral 1.415LOOKERS 63.5 47 72.75 Neutral 1.343PENDRAGON 13.5 6.8 19.71 Neutral 1.135

Banks

Stock Price 12M Lo 12M Hi ST Rec BetaBARCLAYS 214.25 138.85 301.85 Neutral 1.860HSBC HDG. (ORD $0.50) 552 463.5 662.5 Neutral 1.142

LLOYDS BANKING GROUP 29.97 21.84 60.39 Sell 1.768ROYAL BANK OF SCTL.GP. 24.43 17.34 42.91 Sell 1.291STANDARD CHARTERED 1520 1169.5 1672 Neutral 1.707

Beverages

Stock Price 12M Lo 12M Hi ST Rec BetaBARR (AG) 1165 1031 1395 Neutral 0.427DIAGEO 1576.5 1112 1576.5 Sell 0.547SABMILLER 2616 1979 2660 Sell 0.987

Chemicals

Stock Price 12M Lo 12M Hi ST Rec BetaCRODA INTERNATIONAL 2216 1597 2238 Neutral 1.082ELEMENTIS 201 107.5 206 Neutral 1.070JOHNSON MATTHEY 2357 1523 2408 Neutral 1.465VICTREX 1492 1025 1590 Neutral 1.222YULE CATTO 239.4 148 253 Neutral 1.289ZOTEFOAMS 171 109 186.5 Neutral 1.008

Construction & Building Materials

Stock Price 12M Lo 12M Hi ST Rec BetaBALFOUR BEATTY 271.8 214.6 333.7 Neutral 0.836BARRATT DEVELOPMENTS 133.1 67.5 151.5 Neutral 1.447BELLWAY 798 540.5 859.5 Neutral 1.013BERKELEY GROUP HDG.(THE) 1281 1025 1414 Neutral 0.682BOVIS HOMES GROUP 479.8 326.5 518.5 Neutral 1.070CARILLION 279.7 275 403.2 Neutral 1.092CLARKE (T) 53 35.5 101 Neutral 0.804

COSTAIN GROUP 213 180 247.5 Neutral 0.558GALLIFORD TRY 630 383.75 630 Neutral 1.052KELLER 446.5 239.25 671.5 Neutral 1.323KIER GROUP 1179 1095 1489 Neutral 1.040LOW & BONAR 59.63 38 76.75 Neutral 1.106MARSHALLS 96 83.25 124.5 Neutral 1.353MORGAN SINDALL GROUP 679 510 725 Neutral 0.887PERSIMMON 634.5 374 706.5 Neutral 1.099REDROW 126.2 103.5 135.3 Neutral 0.971SIG 109.7 76.95 153.5 Neutral 1.590TAYLOR WIMPEY 49.95 28.71 52.75 Neutral 1.497TRAVIS PERKINS 1056 715 1125 Neutral 1.893WOLSELEY 2412 1404 2558 Neutral 1.439


17/24



Electronics & Electrical Equipment

Stock Price 12M Lo 12M Hi ST Rec BetaDIALIGHT 1045 643.5 1045 Sell 0.762DOMINO PRINTING SCIENCES 607 434.3 701.5 Neutral 1.178E2V TECHNOLOGIES 125.5 86.75 146.5 Neutral 1.352INVENSYS 191.5 180.9 340.6 Neutral 1.470LAIRD 221.5 128.5 222 Neutral 2.167OXFORD INSTRUMENTS 1280 714 1280 Sell 0.990RENISHAW 1348 800 1886 Neutral 1.288SPECTRIS 1830 1039 1837 Neutral 1.429BIOME TECHNOLOGIES 0.21 0.14 0.28 Neutral 0.639TT ELECTRONICS 179.5 120.5 208 Neutral 1.600XAAR 226 212 295 Neutral 1.134

Engineering & Machinery

Stock Price 12M Lo 12M Hi ST Rec BetaAGA RANGEMASTER GROUP 83 62.5 124 Neutral 1.321BODYCOTE 404.4 225.6 426.5 Neutral 1.585CASTINGS 300 252.5 358 Neutral 0.984COOKSON GROUP 745 395.8 745 Neutral 2.288FENNER 441.6 280 483.7 Neutral 1.412HALMA 404.6 306.3 429.6 Sell 0.764HILL & SMITH 316.25 235 393.5 Neutral 1.412IMI 959.5 636.5 1119 Neutral 1.404

METALRAX GROUP 8.12 7.25 12 Neutral 0.855MORGAN CRUCIBLE 325.2 224 360 Neutral 1.771ROTORK 2163 1501 2163 Sell 0.987SENIOR 203.7 135.6 204.8 Neutral 1.765SEVERFIELD-ROWEN 176.25 150 250 Neutral 1.065SPIRAX-SARCO 2236 1649 2253 Sell 0.850VITEC GROUP 666.25 488 690 Neutral 1.517WEIR GROUP 1744 1375 2236 Neutral 1.385

Food & Drug Stores

Stock Price 12M Lo 12M Hi ST Rec BetaGREGGS 519 445 558 Neutral 0.516MORRISON(WM)SPMKTS. 298.3 277 328 Neutral 0.446SAINSBURY (J) 309.8 263.5 362.8 Neutral 0.638

TESCO 321.05 310.45 420.05 Buy 0.733THORNTONS 28.38 9.5 81.5 Neutral 0.766

Food Producers & Processors

Stock Price 12M Lo 12M Hi ST Rec BetaASSOCIATED BRIT.FOODS 1219 977 1233 Neutral 0.599CRANSWICK 808 588.5 841 Neutral 0.598DAIRY CREST 309.7 309.7 409.7 Neutral 0.931DEVRO 317 232 332.2 Neutral 0.333PREMIER FOODS 17 3.29 35.12 Neutral 1.403TATE & LYLE 689.5 544.5 720.5 Neutral 0.627UNILEVER (UK) 2064 1892 2189 Neutral 0.582


18/24



General Retail

Stock Price 12M Lo 12M Hi ST Rec BetaASHLEY(LAURA) HOLDINGS 23.38 16 23.75 Neutral 0.710BROWN (N) GROUP 228.1 222.4 304.5 Neutral 0.485BURBERRY GROUP 1501 1092 1600 Neutral 1.363CARPETRIGHT 611 375 741 Neutral 1.034CLINTON CARDS 8.67 7.5 18 Sell 0.654DIXONS RETAIL 17.1 9.36 19.91 Neutral 1.451FINDEL 3.38 2.2 8.7 Neutral 0.968FRENCH CONNECTN.GROUP 42.5 36 106 Neutral 0.929HALFORDS GROUP 289 269.5 405.9 Neutral 0.637JJB SPORTS 13.5 5.2 31 Sell 0.875JD SPORTS FASHION 809.5 570 1030 Neutral 0.484KESA ELECTRICALS 57.15 57.15 151.4 Neutral 1.279KINGFISHER 304.3 217 313.8 Neutral 0.970MARKS & SPENCER GROUP 357.8 301.8 402.2 Neutral 0.739MOSS BROTHERS GROUP 51 26 51 Neutral 1.065MOTHERCARE 166 127.3 448.5 Neutral 0.562NEXT 2971 2153 3060 Neutral 0.777TED BAKER 897 633 897 Sell 0.561TOPPS TILES 37.75 21.5 77 Neutral 1.325

Health


CONSORT MEDICAL 652.5 498 658 Neutral 0.393CORIN GROUP 39.25 36.5 59 Neutral 0.756SMITH & NEPHEW 615 521 694 Neutral 0.355

Household Goods & Textiles

Stock Price 12M Lo 12M Hi ST Rec BetaHARVARD INTL. 43.88 21.75 44 Neutral 0.483GAMES WORKSHOP 570 405 577.5 Neutral 0.381HEADLAM GROUP 294 233.25 310 Neutral 0.926HORNBY 97 93 145 Neutral 0.653

Information Technology & Hardware


ARM HOLDINGS 608 464 645 Neutral 0.762CSR 210 154.1 391.4 Neutral 1.202FILTRONIC 32 14.5 35 Sell 0.659IMAGINATION TECHNOLOGIES 698.5 296.9 717 Neutral 0.959PSION 56.25 41 101.5 Neutral 1.162SPIRENT COMMUNICATIONS 167 105.8 172.8 Neutral 1.014WOLFSON MICROELECTRONICS 176.75 96 244.5 Neutral 1.064

Insurance

Stock Price 12M Lo 12M Hi ST Rec BetaADMIRAL GROUP 1209 787 1754 Neutral 0.513AMLIN 328.8 270.6 427 Neutral 0.488BEAZLEY 142.2 109.6 151.8 Neutral 0.512CATLIN GROUP 419.7 336 449 Neutral 0.306HISCOX 400.2 340.5 424.7 Neutral 0.496

JARDINE LLOYD THOMPSON 676.5 576 764.5 Neutral 0.318RSA INSURANCE GROUP 102.7 99.6 139.8 Neutral 0.432NOVAE GROUP 370.25 285 385.25 Neutral 0.497


19/24



Leisure & Hotels

Stock Price 12M Lo 12M Hi ST Rec BetaCARNIVAL 1973 1742 2642 Neutral 1.076ENTERPRISE INNS 62 26.5 96.15 Neutral 1.728TUI TRAVEL 196.3 136.7 250 Neutral 0.951FULLER SMITH 'A' 722.75 609 752 Neutral 0.441GREENE KING 513.5 410 523.5 Neutral 0.864LADBROKES 162.8 114 165 Neutral 0.997ICTL.HTLS.GP. 1460 955 1497 Neutral 1.310MILLENNIUM & CPTH.HTLS. 480 371.2 535.5 Neutral 1.405MITCHELLS & BUTLERS 266 215.6 336.8 Neutral 1.023BWIN PARTY DIGITAL ENTM. 158.8 100.6 174 Neutral 1.256PUNCH TAVERNS 10.5 9.14 15.57 Neutral 1.295RANK GROUP 121.8 109.5 153.7 Neutral 0.987RESTAURANT GROUP 286.9 254.9 335 Neutral 0.852WETHERSPOON (JD) 420.3 380.5 468.3 Neutral 0.724WHITBREAD 1839 1409 1872 Neutral 1.017WILLIAM HILL 258.6 183.3 265 Neutral 0.943MARSTON'S 100 84.6 112 Neutral 1.255

Life Assurance

Stock Price 12M Lo 12M Hi ST Rec BetaAVIVA 307.7 275.3 450.3 Neutral 1.259CHESNARA 181.75 161.75 255 Neutral 0.582

LEGAL & GENERAL 118.2 89.8 135 Neutral 1.666OLD MUTUAL 150.1 98.05 164.6 Neutral 1.660PRUDENTIAL 741.5 509 797.5 Neutral 1.721ST.JAMES'S PLACE 343.2 294 376 Neutral 0.814

Media & Entertainment

Stock Price 12M Lo 12M Hi ST Rec BetaAEGIS GROUP 179.1 116.17 187.4 Neutral 1.306BLOOMSBURY PBL. 109.63 91.25 138 Neutral 0.507BRITISH SKY BCAST.GROUP 668.5 618.5 850 Neutral 0.607CENTAUR MEDIA 34.5 32.5 56.25 Neutral 1.041DAILY MAIL 'A' 416 343.4 505.5 Neutral 1.086EUROMONEY INSTL.INVESTOR 772.5 522.5 809.5 Neutral 1.054INFORMA 432.2 313.9 451 Neutral 1.517

ITE GROUP 227.2 157.7 258 Neutral 1.418ITV 87.8 51.65 89.9 Neutral 1.521JOHNSTON PRESS 5.75 4.11 8.18 Neutral 1.461PEARSON 1119 1038 1255 Neutral 0.662PHOTO-ME INTL. 47.38 41.5 67 Neutral 0.857PINEWOOD SHEPPERTON 305 190.88 305 Sell 0.348THOMSON REUTERS 28.28 26.21 39.25 Neutral 0.509STV GROUP 114.5 76.25 168 Neutral 0.811ST.IVES 73.75 68.5 102.25 Neutral 1.450TRINITY MIRROR 33.25 33.25 54.25 Neutral 1.566UBM 600.5 416 641.5 Neutral 1.296WILMINGTON GROUP 91.25 78.5 151 Neutral 0.863WPP 859.5 578 880 Neutral 1.290YELL GROUP 3.5 3.35 11 Neutral 1.318

MiningStock Price 12M Lo 12M Hi ST Rec BetaANGLO AMERICAN 2311.5 2138.5 3181 Neutral 1.748ANGLO PACIFIC GROUP 313.1 237.9 340 Neutral 0.947ANTOFAGASTA 1178 900.5 1491 Neutral 1.384BHP BILLITON 1943 1667 2560 Neutral 1.402LONMIN 1019 941 1646 Neutral 1.918RANDGOLD RESOURCES 5420 4580 7565 Neutral 0.333RIO TINTO 3540 2712.5 4595 Neutral 1.424UK COAL 15 14.75 47 Neutral 0.941VEDANTA RESOURCES 1202 928 2366 Neutral 2.095XSTRATA 1138 764 1550 Neutral 1.782


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Oil & Gas

Stock Price 12M Lo 12M Hi ST Rec BetaBG GROUP 1424 1144 1547 Neutral 0.701BP 446 363.2 504.6 Neutral 1.059CAIRN ENERGY 337.5 291.86 515.11 Neutral 1.360FORTUNE OIL 10.75 9 14.75 Neutral 0.861HUNTING 912 530 968 Neutral 1.304JKX OIL & GAS 147.75 120.5 314 Neutral 1.355MELROSE RESOURCES 119 95.25 291.25 Neutral 1.142PREMIER OIL 389.7 310 500.75 Neutral 1.359ROYAL DUTCH SHELL A(LON) 2154 1883.5 2402 Neutral 0.912ROYAL DUTCH SHELL B 2208 1890.5 2489 Neutral 0.922SOCO INTERNATIONAL 298.9 278 397.5 Neutral 0.465TULLOW OIL 1518 945.5 1601 Neutral 1.064WOOD GROUP (JOHN) 728 469.9 763.5 Neutral 1.356

Personal Care & Household Products

Stock Price 12M Lo 12M Hi ST Rec BetaMCBRIDE 125.25 108.75 151.06 Neutral 0.873PZ CUSSONS 333 285 387.9 Neutral 0.741RECKITT BENCKISER GROUP 3637 3100 3637 Neutral 0.335

Pharmaceuticals & Biotechnology

Stock Price 12M Lo 12M Hi ST Rec BetaARK THERAPEUTICS GP. 3.4 3.13 5.35 Buy 0.967ASTRAZENECA 2825.5 2543.5 3194 Neutral 0.454BTG 376.1 236.8 376.1 Neutral 0.726DECHRA PHARMACEUTICALS 510 433 579 Neutral 0.315GLAXOSMITHKLINE 1441.5 1205 1497 Neutral 0.485OXFORD BIOMEDICA 4.3 2.88 7.2 Buy 0.613PHYTOPHARM 7.83 6.4 9.5 Buy 0.924SHIRE 2025 1818 2300 Neutral 0.631SKYEPHARMA 41 31 66.13 Neutral 0.702VERNALIS 24 18.75 49 Neutral 0.824

Software & Computer Services


TIMEWEAVE 22.13 21.75 27 Neutral 0.731ANITE 125.5 57.75 129.75 Neutral 0.836AVEVA GROUP 1660 1298 1799 Neutral 1.479COMPUTACENTER 431.6 324.7 490 Neutral 1.092KOFAX 300 225 503.5 Neutral 1.110INNOVATION GROUP 20.75 16.63 23 Sell 0.922LOGICA 81.2 58.95 144.8 Neutral 1.357MICRO FOCUS INTL. 468.3 242.9 476.7 Neutral 0.748MISYS 349.3 214.9 420.2 Neutral 1.326PHOENIX IT GROUP 190.5 154.75 262.75 Neutral 0.879RM 77.75 41.5 156.63 Neutral 0.482FIDESSA GROUP 1530 1444 2109 Neutral 0.818SAGE GROUP 284 231.7 312.4 Neutral 0.649

Speciality & Other Finance

Stock Price 12M Lo 12M Hi ST Rec BetaABERDEEN ASSET MAN. 268.1 167.8 270 Neutral 1.073BREWIN DOLPHIN 169 113.7 177 Neutral 0.722CAMELLIA 9775 8800 10950 Neutral 0.870CHARLES STANLEY GROUP 287.5 240 350 Neutral 0.956CHARLES TAYLOR CNSL. 147.5 115.63 160 Neutral 0.699CLOSE BROTHERS GROUP 740 590 820 Neutral 0.831F&C ASSET MANAGEMENT 66.45 56.05 81.7 Neutral 0.912HELPHIRE GROUP 1.79 1.36 14 Neutral 0.668HENDERSON GROUP 122.2 95.05 163.7 Neutral 1.416ICAP 374.1 311.6 524 Neutral 1.062INTERMEDIATE CAPITAL GP. 256.1 197.9 345 Neutral 1.647INVESTEC 355.4 318.4 522 Neutral 1.555LONDON STOCK EX.GROUP 1093 756.5 1093 Neutral 1.168MAN GROUP 99.6 99.6 259.6 Buy 1.270

RATHBONE BROTHERS 1308 977 1316 Neutral 0.738SCHRODERS 1461 1183 1906 Neutral 1.305SCHRODERS NV 1113 970 1554 Neutral 1.299


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Support Services

Stock Price 12M Lo 12M Hi ST Rec BetaACAL 192.5 166.25 344 Neutral 0.938AGGREKO 2241 1522 2316 Neutral 1.162AMEC 1115 740.5 1207 Neutral 1.008ASHTEAD GROUP 252.4 99.4 271.1 Neutral 1.523BABCOCK INTL. 828.5 570.5 835 Neutral 0.556BRITISH POLYTHENE INDS. 357.5 270 392.5 Neutral 0.730BUNZL 1018 676.5 1028 Neutral 0.542UK MAIL GROUP 234.5 192.25 318.5 Neutral 0.342CAPITA 736.5 611.5 767 Neutral 0.434COMMUNISIS 31.88 23.75 39.75 Neutral 0.765COMPASS GROUP 659 512.5 671 Neutral 0.710BERENDSEN 529 402.7 568 Neutral 1.017DE LA RUE 900 730 1001 Neutral #NADIGNITY 850.5 725 854.5 Neutral 0.202DIPLOMA 441.5 284 453 Neutral 1.013ELECTROCOMP. 234.4 182.2 294.9 Neutral 1.014FILTRONA 482 296.3 484.5 Neutral 1.114G4S 288.1 219.9 292.1 Neutral 0.584HAYS 91.25 58.85 119.6 Neutral 0.981HOMESERVE 237.4 214.7 532 Neutral 0.654INTERSERVE 287.2 255 341.25 Neutral 1.346INTERTEK GROUP 2563 1744 2570 Sell 0.864JOHNSON SERVICE GROUP 29.63 25.25 36 Neutral 1.137

MANAGEMENT CNSL.GP. 39.13 27.75 45.5 Neutral 0.680MENZIES (JOHN) 623 445.5 623 Neutral 1.467MICHAEL PAGE INTL. 438 323 567 Neutral 1.350MITIE GROUP 288.4 205.2 288.4 Neutral 0.610MOUCHEL GROUP 8 4.75 78 Sell 0.913OFFICE2OFFICE 148 122 166.5 Neutral 0.393PAYPOINT 650 450 670 Neutral 0.719PREMIER FARNELL 208.7 144.5 301 Neutral 1.184REGUS 113 64 117.5 Neutral 1.396RENTOKIL INITIAL 89.9 58.2 100.9 Neutral 1.296REXAM 429.4 299.8 438 Neutral 0.868RICARDO 355.25 325 410 Neutral 0.819ROBERT WALTERS 264.63 158.25 326 Neutral 1.252RPC GROUP 370.2 300.5 393.2 Neutral 0.837RPS GROUP 234.5 156.6 253 Neutral 1.576

SERCO GROUP 552.5 458 597.5 Neutral 0.571SHANKS GROUP 92.95 90.8 130.9 Neutral 1.460SPEEDY HIRE 27.75 18.5 34 Neutral 1.311TRIBAL GROUP 76.88 38.5 79.75 Neutral 0.625TRIFAST 45.5 36.25 52.88 Neutral 0.880VP 251 191 258 Neutral 0.903WYG 54 47 956.25 Sell 0.766WSP GROUP 244 160 363.5 Neutral 0.949

Telecommunication Services

Stock Price 12M Lo 12M Hi ST Rec BetaBT GROUP 216.7 161 232.1 Neutral 0.919CABLE & WIRELESS COMMS. 30.09 30.07 48.92 Neutral 0.649INMARSAT 427.4 389.3 620 Neutral 0.532

KCOM GROUP 71.05 59.75 84 Neutral 1.268TELECOM PLUS 693 470 802 Neutral 0.044VODAFONE GROUP 169.9 155.05 182.7 Neutral 0.626

Transport

Stock Price 12M Lo 12M Hi ST Rec BetaBBA AVIATION 201.3 156 223.4 Neutral 1.406BRAEMAR SHIPPING SVS. 394 282 505 Neutral 0.944CLARKSON 1360 1015 1367 Neutral 0.812EASYJET 483.7 302.54 495.8 Neutral 0.767FIRST GROUP 202 197.5 370.2 Neutral 1.076FISHER(JAMES)& SONS 597.5 440.5 615 Neutral 0.825GO-AHEAD GROUP 1146 1125 1598 Neutral 0.940NATIONAL EXPRESS 228.2 201.6 270.2 Neutral 1.284NORTHGATE 194.5 190 342 Neutral 1.380

STAGECOACH GROUP 246 219.96 287.4 Neutral 0.876WINCANTON 60.5 56 123.25 Neutral 0.851


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Utilities

Stock Price 12M Lo 12M Hi ST Rec BetaCENTRICA 317.5 278.8 333 Neutral 0.486NATIONAL GRID 648.5 569 659 Neutral 0.550PENNON GROUP 736.5 623.5 737.5 Neutral 0.590SEVERN TRENT 1656 1375 1656 Neutral 0.461UNITED UTILITIES GROUP 601.5 560 637 Neutral 0.575


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