Cantor Capital Commentary

The most recent commentary notes are detailed below, for older reports please select the archive.

Our commentary notes are also freely available to all by email.

To register please fill in the enclosed “Commentary Registration” form.

Email: sales@cantorcapital.com Tel: +44 (0) 20 7894 8800.

Day Ahead

Monday, 18 February 2013


Cantor Capital Logo
Monday, February 18, 2013, Marketing Communication
Cantor Opening Call
  • The FTSE is seen around unchanged today
Cantor Capital Graphs
UK Corporate Announcements
  • BATM announces a full year EBITDA of $3.1m from $3.5m and a net income of $0.7m from $3.7m and sees revenue growth in 2013 significantly higher than 2012
UK Market News
  • Reports suggest that Vodafone may make a move for Kabel Deutschland as early as next week
  • The FT suggests that Man Group is announce a management reshuffle when the new CEO moves in at the end of this month
  • Capital Shopping Centre’s name change to INTU Properties comes effective today
  • The FT writes that the UK is outgunned as talks on EU bank reforms enter a ‘potentially decisive week’
  • Rightmove has UK house asking prices up to a 5 year high
  • WH Ireland announces it has agreed to buy the private wealth management unit from Tenebris, formerly Seymour Pierce, for £25,000
UK Analyst Changes
  • Ab Foods Pt Raised To 2,000P Vs 1,705P At Ubs, Reiterates Buy
UK Insider Buying
  • E-Therapeutics Plc, (ETX), 1 insider(s) bought 15000 shares, £0.32
  • Havelock Europa Plc, (HVE), 1 insider(s) bought 115000 shares, £0.16
  • Impax Asset Managemen, (IPX), 1 insider(s) bought 100000 shares, £0.42
  • Legendary Investments, (LEG), 1 insider(s) bought 10000000 shares, £0
  • Lo-Q Plc, (LOQ), 1 insider(s) bought 40000 shares, £4.35
  • Water Hall Group Plc, (WTH), 2 insider(s) bought 11000000 shares, £0.02
UK Insider Selling
  • Burberry Group Plc, (BRBY),  insider(s) sold 61171 shares, £13.61
  • Charles Stanley Group, (CAY),  insider(s) sold 9420 shares, £3.51
  • Imperial Tobacco Group, (IMT), 6 insider(s) sold 48087 shares, £23.09
  • Rurelec Plc, (RUR), 1 insider(s) sold 100000 shares, £0.1
FTSE 100 Movers
FTSE 100 Movers Graphic
Major European Companies Reporting
  • Carlsberg A/S, R, 35.82,  TNT Express NV, R, 0.195
European Market Summary
  • Heinz is in the news on reports that the SEC has sued traders over some suspicious trading in the stock
  • Telefonica details that the value of its assets in Venezuela dropped by €1bn due to the recent currency devaluation, and that its full year results were impacted by a €438m FX charge
  • France sells up to €7.5bn in bills at 14:50
Major US Stock Movers After Hours
  • There were no major movers after hours on Friday
S&P 500 Companies Reporting
  • Express Scripts Holding Co, Q4, 1.044
US Market News
  • The G 20 members have states that they will not target FX for competitive purposes and would not target exchange rates to aid economies
  • Readers Digest files for bankruptcy and states that it expects to emerge from the protection in less than 6 months
  • Facebook states that its systems were targeted by a sophisticated attack
  • Best Buy is to make its price matching policy permanent as it looks to end the practice of ‘showrooming’ where potential customers use the store to view and demo items, but then leave to find the cheapest price online
  • Barron’s flags up analysts that see Rochester Medical could gain as much as 50% in 18 months, and suggests that Samsung could out-perform Apple
  • The paper also suggest that Linn Energy  could be vulnerable to losses ahead after an analysts questions its accounting methods on available cash flow
Overnight Market News
  • S&P has confirmed its AA- rating on Japan and keeps its outlook negative
  • Asian markets gained as the yen fell after the G20 comments on FX
  • Thailand details that its quarterly GDP gained 18.9% well ahead of the 15.3% expected, and its fastest rate since 1993
  • Singapore reportedly is looking at dropping the Sibor and may instead use the US dollar Libor rate
  • Bloomberg suggests that George Soros has made $1bn on the yen on its moves from November 2012
Economic Data Due
  • 00:01 February Rightmove House Prices, 0.2% previous
  • 09:00 Eurozone Current Account December €19.8bn previous
Economic Events
  • EU Foreign Ministers Meet In Brussels
Eurozone Current Account
Contact Us
  • For Spread Bet Sales:- 0044 (0) 207 894 8800
  • For CFD Sales/Traders:- 0044 (0) 207 894 8883
  • Email:- sales@cantorcapital.com
Commentary Is Changing
  • Client Access:- From March 1st, CFE active clients will continue to receive our timely notes
  • Free Access:- From March 1st, non CFE clients will receive delayed notes
  • To continue accessing our timely commentary please contact us to open and fund a CFD or Spread Betting account
Footnotes
  • Cantor Call, as at 7:00am
  • Analyst Changes, as at 6:45am
  • Times given are UK Local Time, (GMT or GMT +1 during BST)
  • Insider Deals data compiled from Director/PDMR Shareholding forms published in the past 24 hours (ex weekends).
  • Major European Companies defined as those companies in the STOXX Europe 600 Index
  • FTSE 100 Movers, Blue >0.25%, Green <0.25% > -0.25%, Red < -0.25%, Font size dependent on percentage size of move
  • This note is compiled using information / charts from financial data providers such as Bloomberg and Reuters, as well as from the general financial / business media
Regulatory Disclaimer
This market commentary note (“note”) has been issued by Cantor Fitzgerald Europe (“CFE”), which is authorised and regulated by the Financial Services Authority (“FSA”). Cantor Index is a trading name of CFE. This note is defined by the FSA as a marketing communication. This note has been prepared and distributed for information purposes only and represents the personal views and opinions of the sender. This note is not “investment research”, a “research recommendation” or a product of the Research Department. Please be aware that the CFE Research Department may issue a formal recommendation and target price on the stocks mentioned, which may differ from the opinion given here.  This note may contain information obtained by CFE from third parties; the source of information will usually be disclosed.  CFE makes no representation and gives no warranty as to the accuracy or completeness of the contents of this note. Any person placing reliance upon this note does so at their own risk. Investors should consider this note as only a single factor in making their investment decision. The investment discussed in this note may be unsuitable for investors depending on their specific investment objectives and financial position. CFE, its officers, employees and affiliates shall not be liable to any person in any way whatsoever for any losses, costs or claims howsoever arising from any inaccuracies or omissions in this note or any reliance on this note. The recipient is strongly recommended to see independent legal, tax and financial advice. Past performance is not necessarily a guide to future performance. Income from investments may fluctuate. The price or value of the investments to which this note relates; either directly or indirectly, may fall or rise against the interest of investors.
This note should not be considered to be a solicitation nor an offer of advice for the purposes of the sale or purchase of any security, investment or derivative.  The information contained in this note is not intended to form the basis of any investment decision and should not be considered a recommendation by CFE or any other person in relation to any of the companies, stock, commodities, currencies or other markets mentioned / referred to in this note. All the information contained herein is based upon information available to the public and has been obtained from sources believed to be reliable. However, the information contained in this note has not been verified by CFE and CFE undertakes no obligation to provide recipients of this note with any additional information or any update to or correction of the information contained in this note. This note is provided by CFE and may be forwarded unamended and in its entirety. This note may not be used in whole or in part to create any other work. All rights reserved.
CFE is authorised and regulated by the FSA under Firm Reference Number 149380.   CFE - FSA Register Information: http://www.fsa.gov.uk/register/firmBasicDetails.do?sid=61341
Registered in England No. 02505767
Registered Address: 17 Crosswall, London, EC3N 2LB
Risk Warning
Trading CFDs carries a high level of risk to your capital and is not suitable for all customers. Furthermore, margined products use leverage to increase the level of exposure to the product, and as a result your losses may substantially exceed your initial deposit and require you to make additional deposits at short notice. Prior to trading leveraged CFDs, you should carefully consider your investment objectives, experience and risk appetite and should not invest money that you cannot afford to lose.
Spread Bets are leveraged products placing your capital at risk. Losses can quickly exceed your initial deposit and thus require you to make additional deposits at short notice to maintain your positions. Leveraged products are not suitable for all customers. Please ensure you understand the risks involved before opening an account. You should ensure you fully understand the risks and seek independent financial advice if in doubt.
CFE provides an execution only service and does not offer investment advice.
These products are not intended for people under the age of 18 or for US residents.
The distribution of this note in other jurisdictions may be restricted by law and persons into whose possession this note comes should inform themselves about and observe any such restrictions. By accepting this note you agree to be bound by the foregoing instructions.

 

Risk WarningFull Risk Warning

Spread Bets are leveraged products placing your capital at risk. Losses can quickly exceed your initial deposit and thus require you to make additional deposits at short notice to maintain your positions. Leveraged products are not suitable for all customers. Please ensure you understand the risks involved before opening an account. Cantor Index provides an execution only service and does not offer investment advice. You should ensure you fully understand the risks and seek independent financial advice if necessary. These products are not intended for people under the age of 18 or for US residents.