28 April 2007

Trading statements

It's been quite a week for trading statements on the London stock market - many of them, and quite a number signalling profits exceeding market expectations: Colefax (wallpapers), Fletcher King (real estate, surveying), and Tribal spring to mind. Difficult to jump on board all three, but I got on the Tribal bus, despite it rising by over 10% as soon as the news hit the market. Also interesting to see that directors increased their holdings in Victoria (VCP) ... may have to buy more of those.

A down week for the FTSE100 (minus 0.84%), and one of those weeks when I beat the market by best part of 2%. Royal Bank of Scotland (RBS) has been marked down on possibility of hostile bid for ABN Amro (silly, surely, to offer shares when PE of RBS is much lower than target company).

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