雇う 会社／堅い 影響する／感情d by travel company woes

By Graeme Dickson
Updated: 17:43 BST, 20 October 2010

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The 最近の problems 地位，任命するd by the likes of Tui Travel and Thomas Cook have partly been baked into the price for car 雇う 会社／堅い Avis Europe.

However, the chart signals 生成するd by the 最近の 株 pri ce 活動／戦闘, 示唆する that there could be その上の downside in weeks/months to come.

The 在庫／株 記録，記録的な／記録するd a 'dead-cross' whereby the 20 day exponential moving 普通の／平均（する） intersected the 50 day exponential moving 普通の／平均（する） to the downside a few days ago.

This chart takes into account the 10 for one consolidation the company 制定するd in 早期に August.

Operationally, the company made a 逮捕する loss of ?3.7 million (£3.2 million) in the six months 主要な to 30 June 2010, much better than the 人物／姿／数字 12 months before at ?25.8 million (£22.6 million).

Nonetheless, the company was 用心深い for the balance of the year, while 率先s such as the self-service car 賃貸しの 計画／陰謀s, like the ones you now see dotted around the UK such as streetcar or Zipcar, is 存在 操縦するd in Paris.

The idea of rolling it out across other European cities, could 救助（する） the company from a 荒涼とした second half.

The company raised ?181 million (£158.7 million) in a 権利s 問題／発行する 支援する in June to 強化する its balance sheet.

にもかかわらず this, the 逮捕する 負債 stood at ?786 million (£689 million) as of 30 June 2010, for a company that is capitalised at just £400 million.

Given the 無 産する／生じる, the 不確定 in 収入s going 今後 and the 高度に imperfect balance sheet, I could see this 在庫／株 やめる easily drift 負かす／撃墜する toward 165-170p in 予定 course. A の近くに above 240 would likely alter my 見解（をとる）.

Update

Jardine Lloyd Thompson (JLT) ? Tipped as a sell at 566p, the 在庫／株 の近くにd yesterday at 581p. Keep 持つ／拘留するing, but 削減（する） if its の近くにs above 607p.

Taylor Wimpey (TW.) ? 示唆するd as a sell at 28.41p, it の近くにd yesterday at 25.2p, a 11.2 per cent 落ちる. Bellway's poor update will only 追加する その上の downward 圧力: 推定する／予想する the solid 25p support to get broken and look for 22p as the next port of call.

Barclays (BARC) ? 示唆するd to sell at 309p, the 在庫／株 の近くにd yesterday at 288.85p. 進化, the stockbrokers, are also 勧めるing （弁護士の）依頼人s to sell. I would be inclined to lower the stop to 314p while 最初 目的（とする）ing for 260p.

Ocado (OCDO) ? 示唆するd to sell at 139.25p ? the 株 の近くにd yesterday at 128.4p, a new low.

The stop nearly got 誘発する／引き起こすd at the 入ること／参加（者） level of 139.25p yesterday, it what seems like short-covering stop to the 入ること／参加（者） level , having recently 実験（する）d a new low of 121p last week. Stick with the position but if 139.25p gets 貿易（する）d, 出口 the position and move on.

Vedanta (VED) ? 示唆するd to sell at 1980 with a 見解（をとる） that it was likely to spike 上向きs かもしれない up to 2500p, the 株 の近くにd yesterday at 2174p.

The company is underperforming its peers given the 最近の 商品／必需品 spike and if there is a pull 支援する in the underlying 資源 prices it 地雷s, it could lead to a disproportionate 落ちる in Vedanta's 株 price. A の近くに above 2500p would 無効にする this idea.

The writer does not 持つ／拘留する any 株 or derivatives in the above について言及するd companies. The 構成要素 for this 報告（する）／憶測 comes from Alpha 終点.