uk main day trader 20120420

8/2/2019 uk main day trader 20120420

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20 April 2012

UK Main (market)Day Trader


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Intellisys www.intellisys.uk.com 20 April 2012

Page 2 of 24 Intellisys 20 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

5,744.6

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 -3.6; 3M 0.1; 12M -2.6 1M -3.7; 3M -6.2; 12M -28.6

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

49.6

74.8

0 20 40 60 80

Lo

Last Close

Hi

FTSE 100 RSI

% change

1M 4.6; 3M 3.7; 12M 18.3


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FTSE 250

Index PE

5,491.5

6,987.3

9,425.9

11,423.0

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

18.5

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 5.7; 12M -1.3 1M -1.9; 3M 13.0; 12M 7.5

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

50.3

83.4

0 20 40 60 80 100

Lo

Last Close

Hi

FTSE 250 RSI

% change

1M 6.0; 3M -3.4; 12M 17.5


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FTSE All Share Index

Index PE

1,781.6

2,038.4

2,557.8

2,987.8

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 1.0; 12M -2.4 1M -3.9; 3M -4.2; 12M -25.6

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

49.7

74.8

0 20 40 60 80

Lo

Last Close

Hi

FTSE ALL SHARE RSI

% change

1M 4.8; 3M 2.7; 12M 17.5


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FTSE AIM All Share

Index PE

373.8

448.9

657.8

782.7

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

-354.3

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 -3.1; 3M 3.9; 12M -13.6 1M -336.2; 3M -450.7; 12M -90.2

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

46.7

91.9

0 50 100

Lo

Last Close

Hi

FTSE AIM ALL-SHARE RSI

% change

1M 10.9; 3M 9.2; 12M 18.3


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S&P 500

Index PE

676.5

832.4

1,099.2

1,376.9

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

16.0

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 -2.3; 3M 4.8; 12M 4.9 1M -0.4; 3M 7.6; 12M -5.8

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

45.2

81.6

0 20 40 60 80 100

Lo

Last Close

Hi

S&P 500 COMPOSITE RSI

% change

1M 5.8; 3M 0.9; 12M 12.9


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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

0.15

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 0.0; 3M 50.0; 12M 36.4

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

1.61

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 1.1; 3M 3.8; 12M -1.6

/

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 1.8; 3M 1.8; 12M 7.2


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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 -0.8; 3M 1.3; 12M -8.4

/

117.1

117.1

117.1

131.0

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 -1.1; 3M 9.8; 12M -2.7


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Market Pictures - Oil

Brent Monthly FOB US$/bbl

34.6

48.3

104.0

118.8

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 -5.58; 3M 7.38; 12M -2.01


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 291.4 248.1 340.8 Neutral 0.646CHEMRING GROUP 370.3 368.8 677 Neutral 0.519COBHAM 239.5 165.9 239.5 Neutral 0.907MEGGITT 407.3 305 412 Neutral 1.338ROLLS-ROYCE HOLDINGS 844 552.19 844 Neutral 1.098SMITHS GROUP 1045 869.5 1340 Neutral 0.725ULTRA ELECTRONICS HDG. 1680 1305 1780 Neutral 0.597UMECO 569 243.5 569 Sell 0.800

Automobiles & Parts

Stock Price 12M Lo 12M Hi ST Rec BetaGKN 206.9 157 245 Neutral 1.977INCHCAPE 361.6 268.6 425.4 Neutral 1.415LOOKERS 64 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 212.3 138.85 301.85 Neutral 1.860HSBC HDG. (ORD $0.50) 554.6 463.5 662.5 Neutral 1.142

LLOYDS BANKING GROUP 29.29 21.84 60.39 Sell 1.768ROYAL BANK OF SCTL.GP. 23.84 17.34 42.91 Sell 1.291STANDARD CHARTERED 1522 1169.5 1672 Neutral 1.707

Beverages

Stock Price 12M Lo 12M Hi ST Rec BetaBARR (AG) 1169 1031 1395 Neutral 0.427DIAGEO 1589 1112 1589 Sell 0.547SABMILLER 2602.5 1979 2660 Neutral 0.987

Chemicals

Stock Price 12M Lo 12M Hi ST Rec BetaCRODA INTERNATIONAL 2257 1597 2257 Sell 1.082ELEMENTIS 201 107.5 206 Neutral 1.070JOHNSON MATTHEY 2364 1523 2408 Neutral 1.465VICTREX 1508 1025 1590 Neutral 1.222YULE CATTO 239.5 148 253 Neutral 1.289ZOTEFOAMS 171 109 186.5 Neutral 1.008

Construction & Building Materials

Stock Price 12M Lo 12M Hi ST Rec BetaBALFOUR BEATTY 271 214.6 333.7 Neutral 0.836BARRATT DEVELOPMENTS 134.7 67.5 151.5 Neutral 1.447BELLWAY 796 540.5 859.5 Neutral 1.013BERKELEY GROUP HDG.(THE) 1283 1025 1414 Neutral 0.682BOVIS HOMES GROUP 473.2 326.5 518.5 Neutral 1.070CARILLION 274.2 274.2 403.2 Neutral 1.092CLARKE (T) 50.25 35.5 101 Neutral 0.804

COSTAIN GROUP 221 180 247.5 Neutral 0.558GALLIFORD TRY 625 383.75 630 Neutral 1.052KELLER 440 239.25 671.5 Neutral 1.323KIER GROUP 1136 1095 1489 Neutral 1.040LOW & BONAR 60.5 38 76.75 Neutral 1.106MARSHALLS 96.13 83.25 124.5 Neutral 1.353MORGAN SINDALL GROUP 680 510 725 Neutral 0.887PERSIMMON 650 374 706.5 Neutral 1.099REDROW 122.3 103.5 135.3 Neutral 0.971SIG 109.4 76.95 153.5 Neutral 1.590TAYLOR WIMPEY 50.75 28.71 52.75 Neutral 1.497TRAVIS PERKINS 1063 715 1125 Neutral 1.893WOLSELEY 2411 1404 2558 Neutral 1.439


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Electronics & Electrical Equipment

Stock Price 12M Lo 12M Hi ST Rec BetaDIALIGHT 1090 643.5 1090 Sell 0.762DOMINO PRINTING SCIENCES 617 434.3 701.5 Neutral 1.178E2V TECHNOLOGIES 139 86.75 146.5 Neutral 1.352INVENSYS 190.8 180.9 340.6 Neutral 1.470LAIRD 221.1 128.5 222 Neutral 2.167OXFORD INSTRUMENTS 1275 714 1280 Neutral 0.990RENISHAW 1450 800 1886 Neutral 1.288SPECTRIS 1857 1039 1857 Sell 1.429BIOME TECHNOLOGIES 0.2 0.14 0.28 Neutral 0.639TT ELECTRONICS 179.75 120.5 208 Neutral 1.600XAAR 229 212 295 Neutral 1.134

Engineering & Machinery

Stock Price 12M Lo 12M Hi ST Rec BetaAGA RANGEMASTER GROUP 83.5 62.5 124 Neutral 1.321BODYCOTE 412.8 225.6 426.5 Neutral 1.585CASTINGS 300 252.5 358 Neutral 0.984COOKSON GROUP 747.5 395.8 747.5 Neutral 2.288FENNER 456.5 280 483.7 Neutral 1.412HALMA 406.9 306.3 429.6 Sell 0.764HILL & SMITH 320 235 393.5 Neutral 1.412IMI 974 636.5 1119 Neutral 1.404

METALRAX GROUP 7.87 7.25 12 Neutral 0.855MORGAN CRUCIBLE 329.6 224 360 Neutral 1.771ROTORK 2219 1501 2219 Sell 0.987SENIOR 202.5 135.6 204.8 Neutral 1.765SEVERFIELD-ROWEN 176 150 250 Neutral 1.065SPIRAX-SARCO 2290 1649 2290 Sell 0.850VITEC GROUP 656 488 690 Neutral 1.517WEIR GROUP 1752 1375 2236 Neutral 1.385

Food & Drug Stores

Stock Price 12M Lo 12M Hi ST Rec BetaGREGGS 514.5 445 558 Neutral 0.516MORRISON(WM)SPMKTS. 294.2 277 328 Neutral 0.446SAINSBURY (J) 311.2 263.5 362.8 Neutral 0.638

TESCO 320.05 310.45 420.05 Buy 0.733THORNTONS 27.75 9.5 81.5 Neutral 0.766

Food Producers & Processors

Stock Price 12M Lo 12M Hi ST Rec BetaASSOCIATED BRIT.FOODS 1226 977 1233 Neutral 0.599CRANSWICK 813.5 588.5 841 Neutral 0.598DAIRY CREST 302.2 302.2 409.7 Neutral 0.931DEVRO 313 232 332.2 Neutral 0.333PREMIER FOODS 16.75 3.29 35.12 Neutral 1.403TATE & LYLE 685 544.5 720.5 Neutral 0.627UNILEVER (UK) 2069 1892 2189 Neutral 0.582


18/24



General Retail

Stock Price 12M Lo 12M Hi ST Rec BetaASHLEY(LAURA) HOLDINGS 23 16 23.75 Neutral 0.710BROWN (N) GROUP 225.4 222.4 304.5 Neutral 0.485BURBERRY GROUP 1489 1092 1600 Neutral 1.363CARPETRIGHT 601 375 741 Neutral 1.034CLINTON CARDS 8 7.5 18 Neutral 0.654DIXONS RETAIL 17.95 9.36 19.91 Neutral 1.451FINDEL 3.35 2.2 8.7 Neutral 0.968FRENCH CONNECTN.GROUP 43 36 106 Neutral 0.929HALFORDS GROUP 288.8 269.5 405.9 Neutral 0.637JJB SPORTS 13.75 5.2 31 Sell 0.875JD SPORTS FASHION 791.5 570 1030 Neutral 0.484KESA ELECTRICALS 54.15 54.15 151.4 Buy 1.279KINGFISHER 305.7 217 313.8 Neutral 0.970MARKS & SPENCER GROUP 355.6 301.8 402.2 Neutral 0.739MOSS BROTHERS GROUP 51 26 51 Neutral 1.065MOTHERCARE 174.75 127.3 448.5 Neutral 0.562NEXT 3013 2153 3060 Neutral 0.777TED BAKER 902 633 902 Sell 0.561TOPPS TILES 38.63 21.5 77 Neutral 1.325

Health

Stock Price 12M Lo 12M Hi ST Rec Beta

CONSORT MEDICAL 653.5 498 658 Neutral 0.393CORIN GROUP 38.5 36.5 59 Neutral 0.756SMITH & NEPHEW 608 521 694 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 569.5 405 577.5 Neutral 0.381HEADLAM GROUP 295 233.25 310 Neutral 0.926HORNBY 94.13 93 145 Neutral 0.653

Information Technology & Hardware


ARM HOLDINGS 607.5 464 645 Neutral 0.762CSR 203.9 154.1 391.4 Neutral 1.202FILTRONIC 30 14.5 35 Sell 0.659IMAGINATION TECHNOLOGIES 705 296.9 717 Neutral 0.959PSION 55.88 41 101.5 Neutral 1.162SPIRENT COMMUNICATIONS 167.2 105.8 172.8 Neutral 1.014WOLFSON MICROELECTRONICS 178.5 96 244.5 Neutral 1.064

Insurance

Stock Price 12M Lo 12M Hi ST Rec BetaADMIRAL GROUP 1209 787 1754 Neutral 0.513AMLIN 328.1 270.6 427 Neutral 0.488BEAZLEY 141.5 109.6 151.8 Neutral 0.512CATLIN GROUP 422.1 336 449 Neutral 0.306HISCOX 402.3 340.5 424.7 Neutral 0.496

JARDINE LLOYD THOMPSON 676 576 764.5 Neutral 0.318RSA INSURANCE GROUP 103.8 99.6 139.8 Neutral 0.432NOVAE GROUP 372 285 385.25 Neutral 0.497


19/24



Leisure & Hotels

Stock Price 12M Lo 12M Hi ST Rec BetaCARNIVAL 1995 1742 2642 Neutral 1.076ENTERPRISE INNS 60.25 26.5 96.15 Neutral 1.728TUI TRAVEL 192.6 136.7 250 Neutral 0.951FULLER SMITH 'A' 718.5 609 752 Neutral 0.441GREENE KING 518 410 523.5 Neutral 0.864LADBROKES 173.4 114 173.4 Neutral 0.997ICTL.HTLS.GP. 1474 955 1497 Neutral 1.310MILLENNIUM & CPTH.HTLS. 481.2 371.2 535.5 Neutral 1.405MITCHELLS & BUTLERS 265.1 215.6 336.8 Neutral 1.023BWIN PARTY DIGITAL ENTM. 156.2 100.6 174 Neutral 1.256PUNCH TAVERNS 10.25 9.14 15.57 Neutral 1.295RANK GROUP 122 109.5 153.7 Neutral 0.987RESTAURANT GROUP 285.1 254.9 335 Neutral 0.852WETHERSPOON (JD) 417.2 380.5 468.3 Neutral 0.724WHITBREAD 1835 1409 1872 Neutral 1.017WILLIAM HILL 266.8 183.3 266.8 Neutral 0.943MARSTON'S 98.4 84.6 112 Neutral 1.255

Life Assurance

Stock Price 12M Lo 12M Hi ST Rec BetaAVIVA 299.6 275.3 450.3 Neutral 1.259CHESNARA 182.25 161.75 255 Neutral 0.582

LEGAL & GENERAL 118.6 89.8 135 Neutral 1.666OLD MUTUAL 148.9 98.05 164.6 Neutral 1.660PRUDENTIAL 755.5 509 797.5 Neutral 1.721ST.JAMES'S PLACE 340.8 294 376 Neutral 0.814

Media & Entertainment

Stock Price 12M Lo 12M Hi ST Rec BetaAEGIS GROUP 179.3 116.17 187.4 Neutral 1.306BLOOMSBURY PBL. 109.87 91.25 138 Neutral 0.507BRITISH SKY BCAST.GROUP 665.5 618.5 850 Neutral 0.607CENTAUR MEDIA 34.25 32.5 56.25 Neutral 1.041DAILY MAIL 'A' 423.6 343.4 505.5 Neutral 1.086EUROMONEY INSTL.INVESTOR 784 522.5 809.5 Neutral 1.054INFORMA 432.1 313.9 451 Neutral 1.517

ITE GROUP 227.5 157.7 258 Neutral 1.418ITV 88.1 51.65 89.9 Neutral 1.521JOHNSTON PRESS 5.5 4.11 8.18 Neutral 1.461PEARSON 1113 1038 1255 Neutral 0.662PHOTO-ME INTL. 46 41.5 67 Neutral 0.857PINEWOOD SHEPPERTON 316 198.25 316 Sell 0.348THOMSON REUTERS 28.27 26.21 39.25 Neutral 0.509STV GROUP 114.5 76.25 168 Neutral 0.811ST.IVES 73.25 68.5 102.25 Neutral 1.450TRINITY MIRROR 31 31 54.25 Neutral 1.566UBM 598 416 641.5 Neutral 1.296WILMINGTON GROUP 91.25 78.5 151 Neutral 0.863WPP 855.5 578 880 Neutral 1.290YELL GROUP 3.4 3.35 11 Neutral 1.318

MiningStock Price 12M Lo 12M Hi ST Rec BetaANGLO AMERICAN 2307 2138.5 3181 Neutral 1.748ANGLO PACIFIC GROUP 310.2 237.9 340 Neutral 0.947ANTOFAGASTA 1170 900.5 1491 Neutral 1.384BHP BILLITON 1940 1667 2560 Neutral 1.402LONMIN 1009 941 1646 Neutral 1.918RANDGOLD RESOURCES 5445 4580 7565 Neutral 0.333RIO TINTO 3512.5 2712.5 4595 Neutral 1.424UK COAL 14.75 14.75 47 Neutral 0.941VEDANTA RESOURCES 1200 928 2366 Neutral 2.095XSTRATA 1140 764 1550 Neutral 1.782


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Oil & Gas

Stock Price 12M Lo 12M Hi ST Rec BetaBG GROUP 1412.5 1144 1547 Neutral 0.701BP 440.05 363.2 504.6 Neutral 1.059CAIRN ENERGY 341.4 291.86 515.11 Neutral 1.360FORTUNE OIL 10.75 9 14.75 Neutral 0.861HUNTING 916 530 968 Neutral 1.304JKX OIL & GAS 141 120.5 314 Neutral 1.355MELROSE RESOURCES 115.5 95.25 288 Buy 1.142PREMIER OIL 384.1 310 500.75 Neutral 1.359ROYAL DUTCH SHELL A(LON) 2122.5 1883.5 2402 Neutral 0.912ROYAL DUTCH SHELL B 2183 1890.5 2489 Neutral 0.922SOCO INTERNATIONAL 288.9 278 397.5 Buy 0.465TULLOW OIL 1502 945.5 1601 Neutral 1.064WOOD GROUP (JOHN) 723 469.9 763.5 Neutral 1.356

Personal Care & Household Products

Stock Price 12M Lo 12M Hi ST Rec BetaMCBRIDE 128.5 108.75 151.06 Neutral 0.873PZ CUSSONS 331.3 285 387.9 Neutral 0.741RECKITT BENCKISER GROUP 3660 3100 3660 Neutral 0.335

Pharmaceuticals & Biotechnology

Stock Price 12M Lo 12M Hi ST Rec BetaARK THERAPEUTICS GP. 3.38 3.13 5.35 Strong Buy 0.967ASTRAZENECA 2823.5 2543.5 3194 Neutral 0.454BTG 381.7 236.8 381.7 Neutral 0.726DECHRA PHARMACEUTICALS 510 433 579 Neutral 0.315GLAXOSMITHKLINE 1454 1205 1497 Neutral 0.485OXFORD BIOMEDICA 4.16 2.88 7.2 Buy 0.613PHYTOPHARM 8.02 6.4 9.5 Buy 0.924SHIRE 1995 1818 2300 Neutral 0.631SKYEPHARMA 41.38 31 66.13 Neutral 0.702VERNALIS 24.25 18.75 49 Neutral 0.824

Software & Computer Services


TIMEWEAVE 21.88 21.75 27 Neutral 0.731ANITE 126.25 57.75 129.75 Neutral 0.836AVEVA GROUP 1676 1298 1799 Neutral 1.479COMPUTACENTER 407 324.7 490 Neutral 1.092KOFAX 299 225 503.5 Neutral 1.110INNOVATION GROUP 20.5 16.63 23 Neutral 0.922LOGICA 79.7 58.95 144.8 Neutral 1.357MICRO FOCUS INTL. 463.5 242.9 476.7 Neutral 0.748MISYS 348.6 214.9 420.2 Neutral 1.326PHOENIX IT GROUP 190 154.75 262.75 Neutral 0.879RM 82 41.5 156.63 Neutral 0.482FIDESSA GROUP 1522 1444 2109 Neutral 0.818SAGE GROUP 284.7 231.7 312.4 Neutral 0.649

Speciality & Other Finance

Stock Price 12M Lo 12M Hi ST Rec BetaABERDEEN ASSET MAN. 274.4 167.8 274.4 Neutral 1.073BREWIN DOLPHIN 169.7 113.7 177 Neutral 0.722CAMELLIA 9752.5 8800 10950 Neutral 0.870CHARLES STANLEY GROUP 290 240 350 Neutral 0.956CHARLES TAYLOR CNSL. 140 115.63 160 Neutral 0.699CLOSE BROTHERS GROUP 750.5 590 820 Neutral 0.831F&C ASSET MANAGEMENT 66.5 56.05 81.7 Neutral 0.912HELPHIRE GROUP 1.61 1.36 14 Neutral 0.668HENDERSON GROUP 124 95.05 163.7 Neutral 1.416ICAP 376.5 311.6 524 Neutral 1.062INTERMEDIATE CAPITAL GP. 257.9 197.9 345 Neutral 1.647INVESTEC 355.4 318.4 522 Neutral 1.555LONDON STOCK EX.GROUP 1076 756.5 1093 Neutral 1.168MAN GROUP 93.4 93.4 259.6 Buy 1.270

RATHBONE BROTHERS 1296 977 1316 Neutral 0.738SCHRODERS 1446 1183 1906 Neutral 1.305SCHRODERS NV 1115 970 1554 Neutral 1.299


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Support Services

Stock Price 12M Lo 12M Hi ST Rec BetaACAL 191 166.25 344 Neutral 0.938AGGREKO 2288 1522 2316 Neutral 1.162AMEC 1117 740.5 1207 Neutral 1.008ASHTEAD GROUP 261.6 99.4 271.1 Neutral 1.523BABCOCK INTL. 839.5 570.5 839.5 Neutral 0.556BRITISH POLYTHENE INDS. 357.5 270 392.5 Neutral 0.730BUNZL 1029 676.5 1029 Neutral 0.542UK MAIL GROUP 232 192.25 318.5 Neutral 0.342CAPITA 744 611.5 767 Neutral 0.434COMMUNISIS 32 23.75 39.75 Neutral 0.765COMPASS GROUP 657.5 512.5 671 Neutral 0.710BERENDSEN 531.5 402.7 568 Neutral 1.017DE LA RUE 894.5 730 1001 Neutral #NADIGNITY 840 727 854.5 Neutral 0.202DIPLOMA 443.5 284 453 Neutral 1.013ELECTROCOMP. 231.9 182.2 294.9 Neutral 1.014FILTRONA 478.5 296.3 484.5 Neutral 1.114G4S 287.9 219.9 292.1 Neutral 0.584HAYS 92.45 58.85 119.6 Neutral 0.981HOMESERVE 235.6 214.7 532 Neutral 0.654INTERSERVE 289.1 261 341.25 Neutral 1.346INTERTEK GROUP 2605 1744 2605 Sell 0.864JOHNSON SERVICE GROUP 29.63 25.25 36 Neutral 1.137

MANAGEMENT CNSL.GP. 39.38 27.75 45.5 Neutral 0.680MENZIES (JOHN) 612 445.5 623 Neutral 1.467MICHAEL PAGE INTL. 438 323 567 Neutral 1.350MITIE GROUP 290 206.8 290 Neutral 0.610MOUCHEL GROUP 8 4.75 78 Sell 0.913OFFICE2OFFICE 147.5 122 166.5 Neutral 0.393PAYPOINT 654 450 670 Neutral 0.719PREMIER FARNELL 213.5 144.5 301 Neutral 1.184REGUS 112.7 64 117.5 Neutral 1.396RENTOKIL INITIAL 89 58.2 100.9 Neutral 1.296REXAM 431.3 299.8 438 Neutral 0.868RICARDO 359 325 410 Neutral 0.819ROBERT WALTERS 257 158.25 326 Neutral 1.252RPC GROUP 369.4 300.5 393.2 Neutral 0.837RPS GROUP 233.2 156.6 253 Neutral 1.576

SERCO GROUP 563.5 458 597.5 Neutral 0.571SHANKS GROUP 93.25 90.8 130.9 Neutral 1.460SPEEDY HIRE 26.75 18.5 34 Neutral 1.311TRIBAL GROUP 74.25 38.5 79.75 Neutral 0.625TRIFAST 45.38 36.25 52.88 Neutral 0.880VP 245 191 258 Neutral 0.903WYG 54 47 956.25 Sell 0.766WSP GROUP 236.25 160 363.5 Neutral 0.949

Telecommunication Services

Stock Price 12M Lo 12M Hi ST Rec BetaBT GROUP 216.3 161 232.1 Neutral 0.919CABLE & WIRELESS COMMS. 30.5 30.07 48.92 Neutral 0.649INMARSAT 421.7 389.3 620 Neutral 0.532

KCOM GROUP 71 59.75 84 Neutral 1.268TELECOM PLUS 692 472 802 Neutral 0.044VODAFONE GROUP 172.35 155.05 182.7 Neutral 0.626

Transport

Stock Price 12M Lo 12M Hi ST Rec BetaBBA AVIATION 199.6 156 223.4 Neutral 1.406BRAEMAR SHIPPING SVS. 392.5 282 505 Neutral 0.944CLARKSON 1341 1015 1367 Neutral 0.812EASYJET 489.4 302.54 495.8 Neutral 0.767FIRST GROUP 195.8 195.8 370.2 Buy 1.076FISHER(JAMES)& SONS 581 440.5 615 Neutral 0.825GO-AHEAD GROUP 1150 1125 1598 Neutral 0.940NATIONAL EXPRESS 223.5 201.6 270.2 Neutral 1.284NORTHGATE 196 190 342 Neutral 1.380

STAGECOACH GROUP 244.8 219.96 287.4 Neutral 0.876WINCANTON 60.75 56 123.25 Neutral 0.851


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Utilities

Stock Price 12M Lo 12M Hi ST Rec BetaCENTRICA 317.4 278.8 333 Neutral 0.486NATIONAL GRID 648 569 659 Neutral 0.550PENNON GROUP 735.5 623.5 737.5 Neutral 0.590SEVERN TRENT 1659 1375 1659 Neutral 0.461UNITED UTILITIES GROUP 605 560 637 Neutral 0.575


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