N Brown Group PLC for 8/10/2020

#SP500 #Japan We’re taking an interest in online retails, both as welcome relief from scanning pharma’s and due to a suspicion further lockdown behaviour shall again benefit retailers with strong internet presence. While we’ve never heard of Brown Group, their brands were familiar, thus qualifying for a hard look at the corporate share price. And for those interested, their website carries the usual disclaimers of a company being green and not using slave labour to destroy the planet… They’re probably even nice to traffic wardens!

 

At present, the share is trading around the 53p mark. If an “online retailer” dividend is coming, we shall be interested if it next manages to trade above just 60p as a recovery cycle to an initial 77p looks possible. We’re already a little puzzled at the share failing, thus far, to recover from the Covid-19 plunge in March when the price hit 10p. Many other online retails already have experienced correction from this pandemic drop and in the case of Brown, the share price needs above 68p to convince recovery is genuine.

In the event our 60p to 77p trigger comes to fruition, should the price manage above the 77p level, further movement to 119p calculates as probable in the longer term. Beyond this point, we shall need stir the tea leaves again, due to a rather murky reality from the bigger picture.

 

When the share price was moved down to the 10p level in March, it was taken below an “ultimate bottom” level of 12p. We’re a little uncomfortable with this and wonder if there’s an underlying fundamental issue which needs investigated before taking a position. Of course, perhaps we’re being hysterics on the issue as movements in mid-March across the wider market often felt like lunatics had taken over the asylum. Equally, there’s no doubt online retailers are reaping the reward of High St avoidance, so perhaps this is simply awaiting some positive sales figures being reported.

 

Hey, chart goes here

FUTURES

Time Issued Market Price At Issue Short Entry Fast Exit Slow Exit Stop Long Entry Fast Exit Slow Exit Stop Prior
10:16:24PM BRENT 42.34
10:18:42PM GOLD 1887.5
10:20:38PM FTSE 5952 Success
10:22:38PM FRANCE 4888 Success
10:28:08PM GERMANY 12950 Success
10:29:54PM US500 3416.52 3372 3350 3324 3409 3428 3443 3477 3393 Success
10:32:57PM DOW 28306 Success
10:34:47PM NASDAQ 11492 Success
10:50:24PM JAPAN 23502 23329 23266.5 23188 23427 23502 23534.5 23643 23407 Success
7/10/2020 FTSE Closed at 5946 points. Change of -0.05%. Total value traded through LSE was: £ 4,994,944,768 a change of 3.84%
6/10/2020 FTSE Closed at 5949 points. Change of 0.12%. Total value traded through LSE was: £ 4,810,400,259 a change of 20.66%
5/10/2020 FTSE Closed at 5942 points. Change of 0.68%. Total value traded through LSE was: £ 3,986,790,747 a change of -6.97%
2/10/2020 FTSE Closed at 5902 points. Change of 0.39%. Total value traded through LSE was: £ 4,285,372,497 a change of -12.92%
1/10/2020 FTSE Closed at 5879 points. Change of 0.22%. Total value traded through LSE was: £ 4,921,284,024 a change of -5.87%
30/09/2020 FTSE Closed at 5866 points. Change of -0.53%. Total value traded through LSE was: £ 5,228,309,512 a change of 10.67%
29/09/2020 FTSE Closed at 5897 points. Change of -0.51%. Total value traded through LSE was: £ 4,724,132,311 a change of -0.94%

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