#Brent #DOW When shares go ‘ex-div’, the adjustment to the share price is known well in advance. In the case of Kingfisher, expected to disburse around 12p per share to investors on Friday of this week, we’re curious – as always – whether the price shall rise by the dividend value (4.3%) prior to the ex-div cut-off or, has the 12p per share already been factored in? There has certainly already been confusion with their share price and it looks unlikely the share shall provide a “safe” trade, thinking it will be possible to scoop up a handful at the 290p level, then bin them on Thursday after a 12p rise in the knowledge the share price shall open on Friday down by 12p.
It’s a dangerous game to play, especially if the market has already decided the value of the dividend is “factored in” to the share price. What’s a bit off comes from movements this year, there already being an indication weakness below 270p risks triggering reversal to 247p with our secondary, if broken, at a bottom of 204p. Being caught in a Dividend trap could prove an expensive error as the concept of a visit to 204p makes rather a lot of visual sense on the chart below. Any break below the Red Closing Price uptrend risks giving traders a spanking. Though if the 204p level makes an appearance, there’s a fairly confident argument suggesting it will make a great level from which to anticipate a bounce.
Our alternate scenario makes some more sense as, if the market opts to introduce gains, anything which drags Kingfisher above 295p is liable to become especially interesting. If such a level is bettered, while the market shall reduce the share value by around 12p the next day, it will have triggered impressive longer term potentials, giving a future ambition of an initial 355p with our secondary, if beaten, at a distant 404p. We’d be optimistic, were it not for the little problem of B&Q?
The company appear to be “price gouging”, charging quite inappropriately above fair prices, Amazon now proving a reliable price check site or, to be ridiculous, dropping into the bowels of Temu to validate many B&Q prices. The godsend of Google “image search” has proven devastating for B&Q, while unfortunately spoiling the “Day Out” feel of catching a ferry across to the mainland for the thrill of a shopping expedition to the DIY store. We’re not talking Penny Pinching here, just a refusal to pay double+ the cost for identical items which can be got substantially cheaply elsewhere. A big water storage butte at 80 quid or why not get a couple of Temu ones for 26 quid. Of course, we don’t need store water here in Argyll but recently decided to get some big containers which will stabilise the flow of water to a generator, rather than risk massive variations of water pressure from the pool 10 vertical metres above the cliff. Before Lockdown in 2020, this sort of project could generally be fulfilled with a trip to our once favourite DIY entity but nowadays, it’s a big nope. And anyway, we’re not intending this years hydro-electric project to be washed away!
This certainly makes us wonder whether Kingfisher shall experience some reduction of income as we can’t be the only folk who think of B&Q as being like a hungry chick, just wanting fed and not caring about anything else. But then again, Screwfix, another of Kingfishers entities, still tries relatively hard to cater to their customer base.
FUTURES
FUTURES
| Time Issued | Market | Price At Issue | Short Entry | Fast Exit | Slow Exit | Stop | Long Entry | Fast Exit | Slow Exit | Stop | Prior |
| 11:09:43PM | BRENT | 7340.9 | 7306 | 7216 | 7126 | 7354 | 7486 | 7584 | 7714 | 7386 | |
| 11:41:37PM | GOLD | 4017.17 | |||||||||
| 11:43:50PM | FTSE | 10509.8 | Success | ||||||||
| 11:46:05PM | STOX50 | 6329.6 | Success | ||||||||
| 11:20:05PM | GERMANY | 25006.5 | Success | ||||||||
| 11:22:45PM | US500 | 7484.6 | ‘cess | ||||||||
| 11:25:50PM | DOW | 52201.6 | 52007 | 51961 | 51815 | 52213 | 52392 | 52436 | 52579 | 52242 | |
| 11:28:40PM | NASDAQ | 30252.6 | Success | ||||||||
| 11:31:57PM | JAPAN | 71418 | ‘cess |
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:AV. Aviva** **LSE:AZN Astrazeneca** **LSE:BP. BP PLC** **LSE:HIK Hikma** **LSE:LLOY Lloyds Grp.** **LSE:NWG Natwest** **LSE:RR. Rolls Royce** **LSE:SAGA SAGA Plc** **LSE:SBRY Sainsbury** **
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Updated charts published on : Aviva, Astrazeneca, BP PLC, Hikma, Lloyds Grp., Natwest, Rolls Royce, SAGA Plc, Sainsbury,
LSE:AV. Aviva. Close Mid-Price: 650.2 Percentage Change: + 0.00% Day High: 0 Day Low: 0
Further movement against Aviva ABOVE 654.4 should improve acceleration to ……..
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View Previous Aviva & Big Picture ***
LSE:AZN Astrazeneca. Close Mid-Price: 14100 Percentage Change: + 0.00% Day High: 0 Day Low: 0
All Astrazeneca needs are mid-price trades ABOVE 14536 should improve the ……..
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View Previous Astrazeneca & Big Picture ***
LSE:BP. BP PLC. Close Mid-Price: 467.1 Percentage Change: + 0.00% Day High: 0 Day Low: 0
Continued weakness against BP. taking the price below 466p calculates as ……..
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View Previous BP PLC & Big Picture ***
LSE:HIK Hikma. Close Mid-Price: 1520 Percentage Change: + 0.00% Day High: 0 Day Low: 0
Continued trades against HIK with a mid-price ABOVE 1541 should improve t ……..
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View Previous Hikma & Big Picture ***
LSE:LLOY Lloyds Grp.. Close Mid-Price: 111.1 Percentage Change: + 0.00% Day High: 0 Day Low: 0
Further movement against Lloyds Grp. ABOVE 112.10 should improve accelera ……..
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View Previous Lloyds Grp. & Big Picture ***
LSE:NWG Natwest. Close Mid-Price: 667 Percentage Change: + 0.00% Day High: 0 Day Low: 0
Further movement against Natwest ABOVE 669.8 should improve acceleration ……..
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View Previous Natwest & Big Picture ***
LSE:RR. Rolls Royce. Close Mid-Price: 1444.6 Percentage Change: + 0.00% Day High: 0 Day Low: 0
All Rolls Royce needs are mid-price trades ABOVE 1461 to improve accelera ……..
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View Previous Rolls Royce & Big Picture ***
LSE:SAGA SAGA Plc. Close Mid-Price: 641 Percentage Change: + 0.00% Day High: 0 Day Low: 0
Continued trades against SAGA with a mid-price ABOVE 680 should improve t ……..
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View Previous SAGA Plc & Big Picture ***
LSE:SBRY Sainsbury. Close Mid-Price: 319.8 Percentage Change: + 0.00% Day High: 0 Day Low: 0
Target met. Further movement against Sainsbury ABOVE 326.7 should improve ……..
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View Previous Sainsbury & Big Picture ***