.#DJI #Nasdaq A UK company with a substantial pedigree, FTSE 250 member Breedon are starting to show early signs of some share price recovery. It’s unlikely any enthusiasm is coming from Scotland, however, with the company’s 37% ownership of Bear, the company who fail to maintain Scotlands roads on behalf of the Government. Locally, it’s quite a big deal, the A83 being a primary trunk road yet the most useful thing the company has done is emplace a massive LED sign to advise locals if the road is open or not. This discrete sign, complete with maintained generator, has been disappointing folk for 5 years as we already know heavy rain is followed by a landslide.
This lack of road maintenance also makes itself known in other ways by causing MOT failures. Modern diesel vehicles employ a device called a Particulate Filter, a gizmo designed to be self cleaning when an engine is run at higher speeds for 30 minutes or more. Argyll, the largest region of the UK, is noteworthy due to its utter lack of motorways. The “A” class road which Bear Scotland fail to maintain used to provide a route for a high speed run, a facility which is no longer available. And as a result, folks cars are failing MOT’s, due to Particulate Filter warning lights. The immediate fix is to remove the bulbs from the dashboard or cover the indicator with a bit of plastic but it’s still a real nuisance, affecting vehicle performance and fuel consumption. Our own household, with 2 Toyota 4WD’s, has a fix and we tried it today. Both cars are due MOT tests, so we took both across to the mainland and dropped one off at an MOT testing station in Edinburgh, following a fairly high speed drive across the central belts motorway. Though the dashboard light for a DPF fault was still on, scissors and a small square of black Duct tape cured the issue. The other 4WD is being left, when we return to collect the original vehicle.
There’s no doubt this Diesel Particulate Filter scheme is a spectacular failure by governments, keen to pretend they’ve worked with manufacturers to “do something”. All the poisonous gunk in the filter is burnt out in a hot orgy, once the vehicle runs at over 60mph for 30 minutes. The concept is frustrating MOT stations, motor mechanics, and car owners who face an automatic MOT fail if a warning light is visible on their dashboard. And in our own region – Argyll – Breedon Group (owners of the company who don’t maintain roads) conspire to ensure the only high speed route is generally unavailable. Did we mention it rains in Argyll? Always has, always will, and someone has even built the framework for The Ark at the top of a local hill.
And thus, it saddens us to suggest something positive may be happening with Breedon’s share price!
It’s currently trading around 100p below the pre-pandemic figure of 5 quid and playing footsie with a downtrend since 2021. There are signs it wants to enter a price recovery phase but we’re inclined to suggest waiting to see if the share price manages above 409p as things should happen. Movement such as this should hopefully trigger a gain cycle to an initial 495p with our secondary, if beaten, a longer term 559p and almost certain hesitation. But it’s funny, we never appreciated we could dislike a company, simply due to a big LED sign reading “Rest & Be Thankful Closed”.
Perhaps the landscape has become worn out, due to the number of tourists taking photographs of the world famous incredibly spectacular scenes. We note, without comment, Breedon Group also own a majority stake in a company tasked with providing Traffic Management Services. So they even make money out of the signs which advertise their subsidiary isn’t doing its job… But to be fair, Breedon Group appear active in the rest of the UK, often with considerable success. Plus, what’s not to like with a company whose trading epic is named after our favourite cheese, Brie.
FUTURES
| Time Issued | Market | Price At Issue | Short Entry | Fast Exit | Slow Exit | Stop | Long Entry | Fast Exit | Slow Exit | Stop | Prior |
| 12:57:12AM | DOW | 38825.2 | 38662 | 38571 | 38390 | 38760 | 38866 | 38890 | 38966 | 38817 | |
| 1:01:34AM | BRENT | 8190.2 | ‘cess | ||||||||
| 1:06:42AM | GOLD | 2309.48 | |||||||||
| 1:09:47AM | FTSE | 8236.3 | ‘cess | ||||||||
| 1:13:53AM | STOX50 | 5017.9 | Success | ||||||||
| 1:16:40AM | GERMANY | 18495 | ‘cess | ||||||||
| 1:23:42AM | US500 | 5356.2 | |||||||||
| 1:27:12AM | NASDAQ | 19050.8 | 18942 | 18892 | 18824 | 19013 | 19096 | 19123 | 19228 | 18942 | |
| 1:30:15AM | JAPAN | 39299 |
10/06/2024 FTSE Closed at 8228 points. Change of -0.21%. Total value traded through LSE was: £ 4,685,518,096 a change of -0.6%
7/06/2024 FTSE Closed at 8245 points. Change of -0.48%. Total value traded through LSE was: £ 4,713,927,581 a change of 0.32%
6/06/2024 FTSE Closed at 8285 points. Change of 0.47%. Total value traded through LSE was: £ 4,698,915,634 a change of -17.77%
5/06/2024 FTSE Closed at 8246 points. Change of 0.17%. Total value traded through LSE was: £ 5,714,375,018 a change of -25.64%
4/06/2024 FTSE Closed at 8232 points. Change of -0.36%. Total value traded through LSE was: £ 7,684,560,050 a change of 30.84%
3/06/2024 FTSE Closed at 8262 points. Change of -0.16%. Total value traded through LSE was: £ 5,873,182,024 a change of -59.21%
31/05/2024 FTSE Closed at 8275 points. Change of 0.53%. Total value traded through LSE was: £ 14,399,322,984 a change of 74.95% 
SUCCESS above means both FAST & SLOW targets were met. ‘CESS means just the FAST target met and probably the next time it is exceeded, movement to the SLOW target shall commence.
Our commentary is in two sections. Immediately below are today’s updated comments. If our commentary remains valid, the share can be found in the bottom section which has a RED heading. Hopefully, this will mean you no longer need to flip back through previous reports. HYPERLINKS DISABLED IN THIS VERSION
Please remember, all prices are mid-price (halfway between the Buy and Sell). When we refer to a price CLOSING above a specific level, we are viewing the point where we can regard a trend as changing. Otherwise, we are simply speculating on near term trading targets. Our website is www.trendsandtargets.com.
UPDATE. We often give an initial and a secondary price. If the initial is exceeded, we still expect it to fall back but the next time the initial is bettered, the price should continue to the secondary. The converse it true with price drops.
We can be contacted at info@trendsandtargets.com. Spam filters set to maximum so only legit emails get through…
Section One – Outlook Updated Today. Click here for Section Two – Outlook Remains Valid shares
Click Epic to jump to share: LSE:AVCT Avacta** **LSE:CAR Carclo** **LSE:EME Empyrean** **LSE:GENL Genel** **LSE:GKP Gulf Keystone** **LSE:IPF International Personal Finance** **LSE:OCDO Ocado Plc** **LSE:PHP Primary Health** **LSE:RKH Rockhopper** **LSE:SPT Spirent Comms** **
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Updated charts published on : Avacta, Carclo, Empyrean, Genel, Gulf Keystone, International Personal Finance, Ocado Plc, Primary Health, Rockhopper, Spirent Comms,
LSE:AVCT Avacta Close Mid-Price: 40.5 Percentage Change: -1.22% Day High: 41.5 Day Low: 40.25
Target met. If Avacta experiences continued weakness below 40.25, it will ……..
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View Previous Avacta & Big Picture ***
LSE:CAR Carclo. Close Mid-Price: 18.25 Percentage Change: + 3.99% Day High: 19 Day Low: 18.1
Continued trades against CAR with a mid-price ABOVE 19 should improve the ……..
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View Previous Carclo & Big Picture ***
LSE:EME Empyrean Close Mid-Price: 0.24 Percentage Change: -12.50% Day High: 0.26 Day Low: 0.24
Target met. If Empyrean experiences continued weakness below 0.24, it wil ……..
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View Previous Empyrean & Big Picture ***
LSE:GENL Genel. Close Mid-Price: 100 Percentage Change: + 6.16% Day High: 100.6 Day Low: 94.6
In the event of Genel enjoying further trades beyond 100.6, the share sho ……..
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View Previous Genel & Big Picture ***
LSE:GKP Gulf Keystone. Close Mid-Price: 146.5 Percentage Change: + 6.16% Day High: 146.5 Day Low: 138.6
Target met. Continued trades against GKP with a mid-price ABOVE 146.5 sho ……..
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View Previous Gulf Keystone & Big Picture ***
LSE:IPF International Personal Finance. Close Mid-Price: 122 Percentage Change: + 3.39% Day High: 127 Day Low: 122
Target met. Further movement against International Personal Finance ABOVE ……..
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View Previous International Personal Finance & Big Picture ***
LSE:OCDO Ocado Plc Close Mid-Price: 355.4 Percentage Change: -1.90% Day High: 363.3 Day Low: 352.3
Ocado is getting a little dangerous now as it appears below 332 shall next ……..
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View Previous Ocado Plc & Big Picture ***
LSE:PHP Primary Health Close Mid-Price: 91 Percentage Change: -0.44% Day High: 92.3 Day Low: 90.55
Weakness on Primary Health below 90.55 will invariably lead to 89.5p with ……..
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View Previous Primary Health & Big Picture ***
LSE:RKH Rockhopper. Close Mid-Price: 14.4 Percentage Change: + 2.86% Day High: 14.7 Day Low: 13.9
Target met. In the event of Rockhopper enjoying further trades beyond 14. ……..
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View Previous Rockhopper & Big Picture ***
LSE:SPT Spirent Comms. Close Mid-Price: 184.2 Percentage Change: + 0.11% Day High: 184.4 Day Low: 183.6
Further movement against Spirent Comms ABOVE 201.6 should improve accelera ……..
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View Previous Spirent Comms & Big Picture ***