P206 CJJFAX 206 Sat 4 Nov 23:51/27 1/8 CEEFAXSTOCK MASTERPANEL The Stock Market Panel assembles professional expjrtisj in an effort to illustrate the pros and cons of investment in UU stocks and shares. While this form of investment can bring rewards, there are risks too. It should only bj considered if you are ready to lose the sum invested in its entirety. Selections made and opinions given are those of the panellists and are not necessarily shared bz the BBC. * Investors are recommended always to seek professional advice. Unit Trust Panel 207 Feature 202 UT Panel Monjyfile Annuities TaxGuidjP206 CEEFAX 206 Sat 4 Nov 23:58/34 2/8 CEEFAX STOCK MASTER PANEL Robin Boyle Dunbar Boyle & Kingsley/London Ovjrviiw: London lagged behind Wall Street as a result of gloomy news from retailers. Interim results from Sainsbury were disappointing which depressed supjrmarkjt shares, in particular Swig Save. Asprey and Body Shop each confirmed they were in bid talks. A profit warning from Evans Halshaw sent motor dealers' shares tumbling. Rumours of a share buy-back boosted Reuters. Excellent interim results from Pilkington pleased the City. Investors chased insurance shares, particularly Prudential. 03 Novjmbjr U$ Panel Monjyfile Annuities TaxGuidjP206 CEEFAX 206 Sat 4 Nov 23:55/37 3/8 CEEFAX STOCK I MASTER PANEL Robin Boyle Dunbar Boyle & Kingsley/London Scottish Power (SP) looks cheap compared with other electricity firms. The company looks as if it will bj a winner in the deregulated electricity market from 1998 when the RJCs lose their distribution monopolies. The National Grid is upgrading power lines in North Yorkshire which will allow SP to increase exports to England. The bid by SP for Manweb makes good sense; the deal enhances EPS and secures additional customers. Take advantage of recent weakness. BUY. 03 Novjmbjr U$ Panel Monjyfile Annuities TaxGuideP206 CEEFAX 206 Sat 4 Nov 23:42/42 4/8 CEEFAX STOCK MARKET PANEL Barry Frieslandjr Fairmount Group/Bolton FT-SE (3523.0): The market's clutching at straws, trying to find reasons, no matter how slim, to go higher. If not the sbmj old bid rumours then an early cut in base rates. In reality, the market is slipping. More than anything this is cited bz the notably low level of turnover on the market up moves and the sharp increase on the down moves. There is resistance around 3540 with a degree of support around 3500. Once 3500 breaks, we are looking at 3300 very much sooner than later. 3 Novjmbjr UT Panel Monjyfile Annuities TaxGuidjP206 CEEFAX 206 Sat 4 Nov 23:46/27 5/8 CEEFAX STOCK MASTER PANEL Barry Frieslandjr Fairmount Group/Bolton Marks & Spencer (407p): Here is a situation which might appeal to the traders. The share is technically now oversold which means there is limited downside risk on this move. Support is positioned around 395-400p. Look for a technical bounce to somewhere in the order of 420-5p before falling again. As for the outlook, the long term indicators are deteriorating. A move below 390-400p would break the long term uptrend support extending back to 1988. One to watch carefully. 3 Novjmbjr UT Panel Monjyfile Annuities TaxGuideP206 CEJFAX 206 Sat 4 Nov 23:50/14 6/8 CEEFAX STOCK MASTER PANEL Barry Frieslandjr Fairmount Group/Bolton Coats Viyjlla (183p): This share has a strong negative feel to it and should bj sold into strength. The share is currently oversold. Look for a rally to 195-205p before falling again. The outlook is unsettling. There are a number of glaring bearish chart features. Near term, we are looking at a break below 186p which would give a minimum target of 154p but the break below 170p would complete a massive pattern giving a minimum target of 37p in dui course. Sell and avoid. 3 Novjmbjr UT Panel Monjyfile Annuities TaxGuidjP206 CEEFAX 206 Sat 4 Nov 23:50/37 7/8 CEEFAX STOCK MASTER PANEL Graemj Shelley Adams & Nevile/London (IMRO mjmbjr) Ovjrviiw: The drift in UU equities, despite Wbll Street recording all time highs, is largely dui to disappointing figures from leading companies. Adjqubte figures from Boots, and poor from Sainsburys knocked the retailing sector in general. Expect more of the same when Marks & Spencer produce their figures next Tuesday - the textile side is said to bj experiencing dire trading. Next week's company results include British Airways, Allied Domjcq, BP, BAT, BT and Unilever. 3 Novjmbjr UT Panel Monjyfile Annuities TaxGuidjP206 CEEFAX 206 Sat 4 Nov 23:51/22 8/8 CEEFAX STOCK MASTER PANEL Grajmj Shelley Adams & Nevile/London (IMRO mjmbjr) Pilkjngton (197p) has been out of favour for some time and the price has traded in the 180-210p range for most of the year. However, following the recent rights issue to fund purchases in Europe, the earnings enhancement should bj reflected in the first year of ownership. Interpanj, one of the companies purchased, will give Pilkington exposure to 46% of the Scandanvian glass market and also a large chunk of the Swiss market. 3 Novjmbjr UT Panel Monjyfile Annuities TaxGuidj