uk main day trader 20120410

8/2/2019 uk main day trader 20120410

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10 April 2012

UK Main (market)Day Trader


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Intellisys www.intellisys.uk.com 10 April 2012

Page 2 of 24 Intellisys 10 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 All Share Index

Index PE

1,781.6

1,998.7

2,557.8

2,977.0

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 -0.3; 3M 2.8; 12M -5.0 1M -0.3; 3M -2.8; 12M -27.6

Yield RSI

2.7

2.8

2.9

3.5

3.8

5.1

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

38.2

74.8

0 20 40 60 80

Lo

Last Close

Hi

FTSE ALL SHARE RSI

% change

1M 1.5; 3M 0.0; 12M 20.4


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FTSE AIM All Share

Index PE

373.8

423.4

657.8

781.8

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

-267.6

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 -0.8; 3M 9.7; 12M -14.7 1M -197.6; 3M -367.2; 12M -57.6

Yield RSI

0.4

0.5

0.6

0.7

0.8

1.9

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

36.8

91.9

0 50 100

Lo

Last Close

Hi

FTSE AIM ALL-SHARE RSI

% change

1M 6.2; 3M -2.8; 12M 17.0


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S&P 500

Index PE

676.5

815.6

1,099.2

1,398.1

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

16.3

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 4.1; 3M 9.4; 12M 4.7 1M 3.7; 3M 10.8; 12M -5.9

Yield RSI

1.8

1.8

1.9

2.1

2.4

2.7

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

30.0

49.6

81.6

0 20 40 60 80 100

Lo

Last Close

Hi

S&P 500 COMPOSITE RSI

% change

1M 1.9; 3M -2.3; 12M 12.6


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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

2.50

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 0.0

Eurozone Lending PE

57.1

57.1

57.1

57.1

44.4

40.0

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

0.15

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 36.4; 3M 114.3; 12M 50.0

US Lending PE

2,500.0

2,500.0

2,500.0

666.7

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

1.58

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 0.6; 3M 2.7; 12M -3.0

/

1.02

1.07

1.11

1.21

1.21

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 1.0; 3M 0.0; 12M 6.6


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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 -0.1; 3M 3.0; 12M -8.6

/

117.1

117.1

117.1

130.4

139.3

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 2.6; 3M 9.7; 12M -6.5


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Market Pictures - Oil

Brent Monthly FOB US$/bbl

34.6

48.3

104.0

122.8

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 -0.02; 3M 9.30; 12M 0.07


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.


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Aerospace & Defence

Stock Price 12M Lo 12M Hi ST Rec BetaBAE SYSTEMS 291.3 248.1 340.8 Buy 0.646CHEMRING GROUP 387.2 368.8 707 Neutral 0.519COBHAM 230 165.9 235.5 Neutral 0.907MEGGITT 397.2 305 412 Neutral 1.338ROLLS-ROYCE HOLDINGS 816 552.19 842.5 Neutral 1.098SMITHS GROUP 1014 869.5 1340 Neutral 0.725ULTRA ELECTRONICS HDG. 1726 1305 1780 Neutral 0.597UMECO 381 243.5 499.88 Neutral 0.800

Automobiles & Parts

Stock Price 12M Lo 12M Hi ST Rec Beta

GKN 199.8 157 245 Neutral 1.977INCHCAPE 368.8 268.6 425.4 Neutral 1.415LOOKERS 62.5 47 72.75 Neutral 1.343PENDRAGON 13.75 6.8 19.71 Neutral 1.135

Banks

Stock Price 12M Lo 12M Hi ST Rec BetaBARCLAYS 219.3 138.85 308.85 Neutral 1.860HSBC HDG. (ORD $0.50) 554.5 463.5 667.2 Neutral 1.142

LLOYDS BANKING GROUP 31.38 21.84 62.36 Neutral 1.768ROYAL BANK OF SCTL.GP. 25.82 17.34 44.43 Sell 1.291STANDARD CHARTERED 1524.5 1169.5 1690 Neutral 1.707

Beverages

Stock Price 12M Lo 12M Hi ST Rec BetaBARR (AG) 1147 1031 1395 Neutral 0.427DIAGEO 1523.5 1112 1553 Neutral 0.547SABMILLER 2544.5 1979 2660 Neutral 0.987

Chemicals

Stock Price 12M Lo 12M Hi ST Rec BetaCRODA INTERNATIONAL 2072 1597 2238 Neutral 1.082ELEMENTIS 186.1 107.5 196.1 Neutral 1.070JOHNSON MATTHEY 2330 1523 2408 Neutral 1.465VICTREX 1375 1025 1590 Neutral 1.222YULE CATTO 238.5 148 253 Neutral 1.289ZOTEFOAMS 186.5 109 186.5 Neutral 1.008

Construction & Building Materials

Stock Price 12M Lo 12M Hi ST Rec BetaBALFOUR BEATTY 281 214.6 335.3 Neutral 0.836BARRATT DEVELOPMENTS 132.5 67.5 151.5 Neutral 1.447BELLWAY 791 540.5 859.5 Neutral 1.013BERKELEY GROUP HDG.(THE) 1327 1019 1414 Neutral 0.682BOVIS HOMES GROUP 466.6 326.5 518.5 Neutral 1.070CARILLION 287.4 281 403.2 Neutral 1.092CLARKE (T) 49 35.5 104 Neutral 0.804

COSTAIN GROUP 233 180 247.5 Neutral 0.558GALLIFORD TRY 602.5 383.75 628 Neutral 1.052KELLER 440.5 239.25 671.5 Neutral 1.323KIER GROUP 1107 1097 1489 Neutral 1.040LOW & BONAR 60 38 76.75 Neutral 1.106MARSHALLS 95.5 83.25 124.5 Neutral 1.353MORGAN SINDALL GROUP 665 510 725 Neutral 0.887PERSIMMON 628 374 706.5 Neutral 1.099REDROW 124.5 103.5 135.3 Neutral 0.971SIG 113.4 76.95 153.5 Neutral 1.590TAYLOR WIMPEY 48.48 28.71 52.75 Neutral 1.497TRAVIS PERKINS 1066 715 1125 Neutral 1.893WOLSELEY 2342 1404 2558 Neutral 1.439


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Electronics & Electrical Equipment

Stock Price 12M Lo 12M Hi ST Rec BetaDIALIGHT 935 643.5 935 Sell 0.762DOMINO PRINTING SCIENCES 558 434.3 701.5 Neutral 1.178E2V TECHNOLOGIES 120.75 86.75 146.5 Neutral 1.352INVENSYS 198.1 180.9 340.6 Neutral 1.470LAIRD 213 127.9 219 Neutral 2.167OXFORD INSTRUMENTS 1163 714 1262 Neutral 0.990RENISHAW 1314 800 1886 Neutral 1.288SPECTRIS 1790 1039 1837 Neutral 1.429BIOME TECHNOLOGIES 0.17 0.14 0.28 Neutral 0.639TT ELECTRONICS 163.5 120.5 208 Neutral 1.600XAAR 233 212 295 Neutral 1.134

Engineering & Machinery

Stock Price 12M Lo 12M Hi ST Rec BetaAGA RANGEMASTER GROUP 87.63 62.5 126.5 Neutral 1.321BODYCOTE 376.4 225.6 426.5 Neutral 1.585CASTINGS 295 252.5 358 Neutral 0.984COOKSON GROUP 710 395.8 732.5 Neutral 2.288FENNER 427.5 280 483.7 Neutral 1.412HALMA 387.4 306.3 429.6 Neutral 0.764HILL & SMITH 331.75 235 393.5 Neutral 1.412IMI 975.5 636.5 1119 Neutral 1.404

METALRAX GROUP 8.25 7.25 12 Neutral 0.855MORGAN CRUCIBLE 316.2 224 360 Neutral 1.771ROTORK 2040 1501 2099 Neutral 0.987SENIOR 194 135.6 203 Neutral 1.765SEVERFIELD-ROWEN 174.88 150 255.25 Neutral 1.065SPIRAX-SARCO 2136 1649 2184 Sell 0.850VITEC GROUP 684 488 690 Neutral 1.517WEIR GROUP 1727 1375 2236 Neutral 1.385

Food & Drug Stores

Stock Price 12M Lo 12M Hi ST Rec BetaGREGGS 517 445 558 Neutral 0.516MORRISON(WM)SPMKTS. 293.5 277 328 Neutral 0.446SAINSBURY (J) 303.2 263.5 362.8 Neutral 0.638

TESCO 324.5 310.45 420.05 Neutral 0.733THORNTONS 29.88 9.5 82 Sell 0.766

Food Producers & Processors

Stock Price 12M Lo 12M Hi ST Rec BetaASSOCIATED BRIT.FOODS 1205 977 1233 Neutral 0.599CRANSWICK 810 588.5 841 Neutral 0.598DAIRY CREST 324.5 311 409.7 Neutral 0.931DEVRO 314.5 232 332.2 Neutral 0.333PREMIER FOODS 15.25 3.29 35.12 Neutral 1.403TATE & LYLE 704 544.5 720.5 Neutral 0.627UNILEVER (UK) 2043 1892 2189 Neutral 0.582


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General Retail

Stock Price 12M Lo 12M Hi ST Rec BetaASHLEY(LAURA) HOLDINGS 22 16 23.75 Neutral 0.710BROWN (N) GROUP 228.3 227 304.5 Neutral 0.485BURBERRY GROUP 1538 1092 1600 Neutral 1.363CARPETRIGHT 647.5 375 741 Neutral 1.034CLINTON CARDS 9.38 7.5 21.25 Sell 0.654DIXONS RETAIL 18.34 9.36 19.91 Neutral 1.451FINDEL 3.4 2.2 8.7 Neutral 0.968FRENCH CONNECTN.GROUP 44.75 36 106 Neutral 0.929HALFORDS GROUP 308.4 269.5 405.9 Neutral 0.637JJB SPORTS 17 5.2 31 Sell 0.875JD SPORTS FASHION 797 570 1030 Neutral 0.484KESA ELECTRICALS 65.55 60.2 151.4 Neutral 1.279KINGFISHER 306.1 217 313.8 Neutral 0.970MARKS & SPENCER GROUP 368.8 301.8 402.2 Neutral 0.739MOSS BROTHERS GROUP 47.5 25.5 48.25 Neutral 1.065MOTHERCARE 152 127.3 448.5 Neutral 0.562NEXT 2967 2052 3060 Neutral 0.777TED BAKER 810.5 633 830 Neutral 0.561TOPPS TILES 38.5 21.5 77 Neutral 1.325

Health


CONSORT MEDICAL 639.5 498 639.5 Neutral 0.393CORIN GROUP 40.25 36.5 59 Neutral 0.756SMITH & NEPHEW 615 521 705.5 Neutral 0.355

Household Goods & Textiles

Stock Price 12M Lo 12M Hi ST Rec BetaHARVARD INTL. 39.88 21.75 42.13 Neutral 0.483GAMES WORKSHOP 570 370 577.5 Neutral 0.381HEADLAM GROUP 295 233.25 310 Neutral 0.926HORNBY 93.75 93 145 Neutral 0.653

Information Technology & Hardware


ARM HOLDINGS 600 464 645 Neutral 0.762CSR 218.6 154.1 391.4 Neutral 1.202FILTRONIC 32.25 14.5 34 Sell 0.659IMAGINATION TECHNOLOGIES 679.5 296.9 717 Neutral 0.959PSION 59 41 102.75 Neutral 1.162SPIRENT COMMUNICATIONS 161.6 105.8 162.2 Neutral 1.014WOLFSON MICROELECTRONICS 190 96 244.5 Neutral 1.064

Insurance

Stock Price 12M Lo 12M Hi ST Rec BetaADMIRAL GROUP 1207 787 1754 Neutral 0.513AMLIN 317.2 270.6 427 Neutral 0.488BEAZLEY 138.8 109.6 151.8 Neutral 0.512CATLIN GROUP 414.6 336 449 Neutral 0.306HISCOX 393.6 340.5 424.7 Neutral 0.496

JARDINE LLOYD THOMPSON 690.5 576 764.5 Neutral 0.318RSA INSURANCE GROUP 104.3 99.6 139.8 Neutral 0.432NOVAE GROUP 372 285 385.25 Neutral 0.497


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Leisure & Hotels

Stock Price 12M Lo 12M Hi ST Rec BetaCARNIVAL 1919 1742 2642 Neutral 1.076ENTERPRISE INNS 58 26.5 96.15 Neutral 1.728TUI TRAVEL 188.9 136.7 250 Neutral 0.951FULLER SMITH 'A' 730 600 752 Neutral 0.441GREENE KING 510.5 410 523.5 Neutral 0.864LADBROKES 162.2 114 165 Neutral 0.997ICTL.HTLS.GP. 1440 955 1497 Neutral 1.310MILLENNIUM & CPTH.HTLS. 474.5 371.2 540 Neutral 1.405MITCHELLS & BUTLERS 258 215.6 336.8 Neutral 1.023BWIN PARTY DIGITAL ENTM. 162.6 100.6 174 Neutral 1.256PUNCH TAVERNS 10.88 9.14 15.7 Neutral 1.295RANK GROUP 127.5 109.5 153.7 Neutral 0.987RESTAURANT GROUP 294 254.9 335 Neutral 0.852WETHERSPOON (JD) 409.1 380.5 468.3 Neutral 0.724WHITBREAD 1849 1409 1870 Neutral 1.017WILLIAM HILL 262.1 180 265 Neutral 0.943MARSTON'S 97.5 84.6 112 Neutral 1.255

Life Assurance

Stock Price 12M Lo 12M Hi ST Rec BetaAVIVA 317 275.3 452.7 Neutral 1.259CHESNARA 193.25 161.75 255 Neutral 0.582

LEGAL & GENERAL 127.8 89.8 135 Neutral 1.666OLD MUTUAL 157.1 98.05 164.6 Neutral 1.660PRUDENTIAL 736 509 797.5 Neutral 1.721ST.JAMES'S PLACE 342.8 294 376 Neutral 0.814

Media & Entertainment

Stock Price 12M Lo 12M Hi ST Rec BetaAEGIS GROUP 179.8 116.17 187.4 Neutral 1.306BLOOMSBURY PBL. 109.5 91.25 138 Neutral 0.507BRITISH SKY BCAST.GROUP 635.5 618.5 850 Neutral 0.607CENTAUR MEDIA 36.38 32.5 56.25 Neutral 1.041DAILY MAIL 'A' 443.1 343.4 505.5 Neutral 1.086EUROMONEY INSTL.INVESTOR 770 522.5 809.5 Neutral 1.054INFORMA 434.5 313.9 451 Neutral 1.517

ITE GROUP 221 157.7 258 Neutral 1.418ITV 85.5 51.65 89.9 Neutral 1.521JOHNSTON PRESS 6.32 4.11 8.18 Neutral 1.461PEARSON 1135 1038 1255 Neutral 0.662PHOTO-ME INTL. 43.5 40 67 Neutral 0.857PINEWOOD SHEPPERTON 275.5 165.88 292 Sell 0.348THOMSON REUTERS 28.02 26.21 39.25 Neutral 0.509STV GROUP 116 76.25 168 Neutral 0.811ST.IVES 77.25 68.5 102.25 Neutral 1.450TRINITY MIRROR 36.75 35.25 54.25 Neutral 1.566UBM 608.5 416 641.5 Neutral 1.296WILMINGTON GROUP 97.5 78.5 154.75 Neutral 0.863WPP 844 578 880 Neutral 1.290YELL GROUP 3.72 3.35 11 Neutral 1.318

MiningStock Price 12M Lo 12M Hi ST Rec BetaANGLO AMERICAN 2298.5 2138.5 3344 Neutral 1.748ANGLO PACIFIC GROUP 302.5 237.9 340 Neutral 0.947ANTOFAGASTA 1129 900.5 1491 Neutral 1.384BHP BILLITON 1907 1667 2631.5 Neutral 1.402LONMIN 1012 941 1760 Neutral 1.918RANDGOLD RESOURCES 5155 4580 7565 Neutral 0.333RIO TINTO 3460 2712.5 4595 Neutral 1.424UK COAL 15 15 47 Neutral 0.941VEDANTA RESOURCES 1235 928 2467 Neutral 2.095XSTRATA 1112 764 1550 Neutral 1.782


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Oil & Gas

Stock Price 12M Lo 12M Hi ST Rec BetaBG GROUP 1421 1144 1548 Neutral 0.701BP 456.1 363.2 504.6 Neutral 1.059CAIRN ENERGY 334.9 291.86 515.11 Neutral 1.360FORTUNE OIL 10.25 9 14.75 Neutral 0.861HUNTING 920 530 968 Neutral 1.304JKX OIL & GAS 158 120.5 328.6 Neutral 1.355MELROSE RESOURCES 119.25 95.25 297 Neutral 1.142PREMIER OIL 396 310 515 Neutral 1.359ROYAL DUTCH SHELL A(LON) 2167.5 1883.5 2402 Neutral 0.912ROYAL DUTCH SHELL B 2196.5 1890.5 2489 Neutral 0.922SOCO INTERNATIONAL 302.1 278 397.5 Neutral 0.465TULLOW OIL 1492 945.5 1601 Neutral 1.064WOOD GROUP (JOHN) 721.5 469.9 763.5 Neutral 1.356

Personal Care & Household Products

Stock Price 12M Lo 12M Hi ST Rec BetaMCBRIDE 125 108.75 151.06 Neutral 0.873PZ CUSSONS 315.2 285 387.9 Neutral 0.741RECKITT BENCKISER GROUP 3517 3100 3599 Neutral 0.335

Pharmaceuticals & Biotechnology

Stock Price 12M Lo 12M Hi ST Rec BetaARK THERAPEUTICS GP. 3.5 3.13 5.35 Buy 0.967ASTRAZENECA 2777 2543.5 3194 Neutral 0.454BTG 348.7 232.1 365 Neutral 0.726DECHRA PHARMACEUTICALS 498.5 433 579 Neutral 0.315GLAXOSMITHKLINE 1416 1205 1497 Neutral 0.485OXFORD BIOMEDICA 2.88 2.88 7.2 Buy 0.613PHYTOPHARM 7.25 6.4 9.5 Buy 0.924SHIRE 2021 1791 2300 Neutral 0.631SKYEPHARMA 34 31 66.13 Neutral 0.702VERNALIS 24.5 18.75 49 Neutral 0.824

Software & Computer Services


TIMEWEAVE 22.25 21.75 27 Neutral 0.731ANITE 124 57.75 129.75 Neutral 0.836AVEVA GROUP 1613 1298 1799 Neutral 1.479COMPUTACENTER 407.1 324.7 490 Neutral 1.092KOFAX 303 225 522.5 Neutral 1.110INNOVATION GROUP 20 16.5 23 Neutral 0.922LOGICA 89.5 58.95 144.8 Neutral 1.357MICRO FOCUS INTL. 470 242.9 473 Neutral 0.748MISYS 348.2 214.9 420.2 Neutral 1.326PHOENIX IT GROUP 194.25 154.75 262.75 Neutral 0.879RM 76 41.5 156.63 Neutral 0.482FIDESSA GROUP 1567 1444 2109 Neutral 0.818SAGE GROUP 295.1 231.7 312.4 Neutral 0.649

Speciality & Other Finance

Stock Price 12M Lo 12M Hi ST Rec BetaABERDEEN ASSET MAN. 257.3 167.8 269.1 Neutral 1.073BREWIN DOLPHIN 170.8 113.7 177 Neutral 0.722CAMELLIA 9740 8800 10950 Neutral 0.870CHARLES STANLEY GROUP 291 240 350 Neutral 0.956CHARLES TAYLOR CNSL. 156.25 115.63 160.5 Neutral 0.699CLOSE BROTHERS GROUP 761 590 820 Neutral 0.831F&C ASSET MANAGEMENT 66 56.05 81.7 Neutral 0.912HELPHIRE GROUP 1.75 1.36 14.25 Neutral 0.668HENDERSON GROUP 125.1 95.05 169.9 Neutral 1.416ICAP 378.6 311.6 540 Neutral 1.062INTERMEDIATE CAPITAL GP. 270.8 197.9 345 Neutral 1.647INVESTEC 367 318.4 522 Neutral 1.555LONDON STOCK EX.GROUP 1059 756.5 1076 Neutral 1.168MAN GROUP 119.7 104.5 259.6 Neutral 1.270

RATHBONE BROTHERS 1265 977 1316 Neutral 0.738SCHRODERS 1476 1183 1906 Neutral 1.305SCHRODERS NV 1147 970 1554 Neutral 1.299


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Support Services

Stock Price 12M Lo 12M Hi ST Rec BetaACAL 201.5 166.25 344 Neutral 0.938AGGREKO 2163 1522 2316 Neutral 1.162AMEC 1128 740.5 1207 Neutral 1.008ASHTEAD GROUP 253.4 99.4 271.1 Neutral 1.523BABCOCK INTL. 815 570.5 828 Neutral 0.556BRITISH POLYTHENE INDS. 341.75 270 392.5 Neutral 0.730BUNZL 1005 676.5 1028 Neutral 0.542UK MAIL GROUP 235 192.25 318.5 Neutral 0.342CAPITA 723 611.5 767 Neutral 0.434COMMUNISIS 33 23.75 39.75 Neutral 0.765COMPASS GROUP 645 512.5 671 Neutral 0.710BERENDSEN 520.5 402.7 568 Neutral 1.017DE LA RUE 890 730 1001 Neutral #NADIGNITY 831 705 854.5 Neutral 0.202DIPLOMA 436.3 284 453 Neutral 1.013ELECTROCOMP. 237.6 182.2 294.9 Neutral 1.014FILTRONA 476.1 296.3 479.1 Neutral 1.114G4S 269.6 219.9 292.1 Neutral 0.584HAYS 82.8 58.85 119.6 Neutral 0.981HOMESERVE 231.2 214.7 532 Neutral 0.654INTERSERVE 276.4 252.75 341.25 Neutral 1.346INTERTEK GROUP 2498 1744 2570 Neutral 0.864JOHNSON SERVICE GROUP 30.25 25.25 36 Neutral 1.137

MANAGEMENT CNSL.GP. 39 27.75 45.5 Neutral 0.680MENZIES (JOHN) 604 445.5 614 Neutral 1.467MICHAEL PAGE INTL. 471.5 323 567 Neutral 1.350MITIE GROUP 274.7 199.9 288.3 Neutral 0.610MOUCHEL GROUP 7.65 4.75 86.75 Sell 0.913OFFICE2OFFICE 160.5 122 166.5 Neutral 0.393PAYPOINT 655 434.5 670 Neutral 0.719PREMIER FARNELL 207.2 144.5 301 Neutral 1.184REGUS 113 64 117.5 Neutral 1.396RENTOKIL INITIAL 85.75 58.2 100.9 Neutral 1.296REXAM 419.8 299.8 436 Neutral 0.868RICARDO 358.38 325 410 Neutral 0.819ROBERT WALTERS 255.25 158.25 326 Neutral 1.252RPC GROUP 362.1 300.5 393.2 Neutral 0.837RPS GROUP 241.4 156.6 253 Neutral 1.576

SERCO GROUP 541.5 458 597.5 Neutral 0.571SHANKS GROUP 97.2 90.8 130.9 Neutral 1.460SPEEDY HIRE 27 18.5 34 Neutral 1.311TRIBAL GROUP 71 38.5 79.75 Neutral 0.625TRIFAST 42.88 36.25 52.88 Neutral 0.880VP 247 191 258 Neutral 0.903WYG 54.5 47 956.25 Sell 0.766WSP GROUP 245 160 366.75 Neutral 0.949

Telecommunication Services

Stock Price 12M Lo 12M Hi ST Rec BetaBT GROUP 222.3 161 232.1 Neutral 0.919CABLE & WIRELESS COMMS. 32.13 31.25 48.92 Neutral 0.649INMARSAT 437.6 389.3 620 Neutral 0.532

KCOM GROUP 71.25 59.75 84 Neutral 1.268TELECOM PLUS 692 470 802 Neutral 0.044VODAFONE GROUP 171.95 155.05 182.7 Neutral 0.626

Transport

Stock Price 12M Lo 12M Hi ST Rec BetaBBA AVIATION 210.7 156 223.4 Neutral 1.406BRAEMAR SHIPPING SVS. 403.5 282 505 Neutral 0.944CLARKSON 1350 1015 1367 Neutral 0.812EASYJET 486.8 302.54 495.8 Neutral 0.767FIRST GROUP 213.9 213.9 370.2 Buy 1.076FISHER(JAMES)& SONS 605 440.5 605 Neutral 0.825GO-AHEAD GROUP 1207 1190 1598 Neutral 0.940NATIONAL EXPRESS 236.5 201.6 270.2 Neutral 1.284NORTHGATE 200 190.9 346.7 Neutral 1.380

STAGECOACH GROUP 244.8 215.9 287.4 Neutral 0.876WINCANTON 61.5 56 123.25 Neutral 0.851


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Utilities

Stock Price 12M Lo 12M Hi ST Rec BetaCENTRICA 312.5 278.8 333 Neutral 0.486NATIONAL GRID 634.5 569 659 Neutral 0.550PENNON GROUP 701.5 620 737.5 Neutral 0.590SEVERN TRENT 1507 1375 1610 Neutral 0.461UNITED UTILITIES GROUP 596.5 560 637 Neutral 0.575


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