What to Watch on Monday...

Riz

Experienced member
1,266 5
Here are those on top of my watchlist for Monday..
AHT: Ongoing takeover rumours..formed a top of 128 following the last bottom at 120 ..wait till the next bottom is formed to have an idea of where the shares are heading for...

CORUS: Formerly known as British Steel down from high of 175 to 63..nothing wrong with the business..on the contrary often praised...suffered mainly from the strong pound..therefore if the euro rises they might follow it fast

KWL: profitable tech company whose shares dragged down too far during the recent negative sentiment towards the techs..has seen high of 3120..recently tested 400..now at 455...might retest the 400 level before jumping over 500..

[This message has been edited by rizgar (edited 20-11-2000).]



[This message has been edited by rizgar (edited 21-11-2000).]
 

Riz

Experienced member
1,266 5
KWL proved its potential for a strong rebounce...jumped to 500 early morning before being pulled back by the general dip and profit takers..I suggest we keep watching them closely..

AHT didn`t resist the downtrend much and went down -4.5

CS. relatively high volume of 8m..down -0.75...still worth watching..
 

shelman

1
439 1
Hi riz
Corus has been good for me recently.I think resistance is about 65 but when the euro improves CS could quickly move above 100.
Steve
 

Riz

Experienced member
1,266 5
Glad this thread started updating..thanks again Pigsy..

KWL remained bullish all day jumping over 475 around midday..ended the day @470 up +18 (4%)..looks like they will be over 500 by the end of the week..

CS. were down -2.75 (-4.4%) 60.0 ..
You`re right Steve..cs. needs to be watched together with the euro..

AHT still flat @121.50....
 

Riz

Experienced member
1,266 5
AHT up +4.5 to 123.5 with a thin volume of 880K..last bottom formed @119 ..heading up half way to form a W bottom..no further news of "bid speculation" though..charts shaping nicely..

KWL down -11 @ 439.5...with a thin volume of 396K had a bouncy day up and down between 462 and 418..recouped most of its losses however at late afternoon...

The following quotation from MoneyGuru comment does make sound..and KWL is sure still one to watch closely..

"With Kewill valued at just 5x this years sales the shares look attractive compared to US ecommerce companies such as Ariba which trades on 70x sales, Commerce One on 39x and i2 26x. With slower sales growth, a less established brand and an inferior business model Kewill cannot hope to trade on a similar multiple, however, the shares look attractive on this rating and, having proved their competence in the US market, are looking increasingly attractive as a takeover target."

CS. had a flat day with a relatively high volume of 8.6m however..buys outnumbering sells by 2m...
 

Riz

Experienced member
1,266 5
AHT 125 up +1.5

CS. 59 up +1

KWL 438.5 down -1
see the spread 438.5/455.0

cs. looks certain to hit the 65 resistance level (as Steve said)..it might well break that level and go further up this time however..

kwl looks certain to jump over 500..it`s proved very resiliant at the current level..

The only way for AHT looks up..how up in a way depends on fresh take over rumours..

I'll certainly keep watching those 3 next week..
 

Riz

Experienced member
1,266 5
AHT is recommended by Mark Watson-Mitchell..his reasons being:

Buy" Beeson Gregory Group. The investment bank continues to look undervalued compared to other companies in the sector. It recently bought technology consultancy IndexIT and is building a substantial portfolio. After better-than-expected half-year results, the company is expected to make a £18m, or 22p, pretax profit for the full year.
 

cookie

Active member
248 1
I'll have a pint of what you've been drinking Riz.
 

Riz

Experienced member
1,266 5
Be my guest, cookie..
Only a pint might be too much for you..it's strong brewed black tea all day..
 

Riz

Experienced member
1,266 5
Small Cap Shares newsletter's tipped KWL as a BUY saying:

"The market is turning bullish on Kewill Systems again. The sale of two of its poorer divisions, computer-aided design and logistics, has helped sentiment but it is still difficult to forecast profit."
 

Riz

Experienced member
1,266 5
AHT up +2.5 to 131.5...up +10 since this thread started...all classic TA signs that I use (MA, stochastic, RSI, MACD, OBV, MFI)indicate that this stock is in a strong uptrend...also it is expected that AHT will be the one reaplcing TI Group in ft250..
 

Cigar

Well-known member
292 13
AHT has also been tipped again in GCI last night as a takeover is looming. Take out price would be ~ 170p
 

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