#FTSE #Nasdaq STV stands for Scottish Television, often regarded as a bit of a joke north of the border. But they’ve reinstated their dividend, so perhaps worthy of some consideration. When the national Scottish football team was playing, they opted to show the equivalent of a Welsh tiddlywinks contest instead. Their excuse; “we didn’t think Scotland would qualify…” tends display their core ethos. Similarly, their approach to news appears to be to check what the other channels are saying, then copy it. At times, it’s easy to suspect the only thing keeping STV going are endless government sponsored adverts for Covid-19 related announcements.
Hopefully the channel is charging the government “full retail” as investors will expect a dividend return for all this faux advertising. Perhaps not, given they’ve just announced a massive fall in profits and revenue too. By reinstating their dividend, the company are broadcasting optimism for the future and do suggest they’ve big plans for the next few years.
Presently trading around 336p, the share price needs better 349 to give hope for price improvements as growth to an initial 382p looks possible with secondary, if exceeded, at 441p. Quite a few shares are making attempts at pre-Covid highs from 2020 and we note, our secondary calculation rather neatly challenges such an ambition, making it believable.
Premier African Minerals (LSE:PREM) The magic words, ‘Rare Earths’, tend make us pay attention but until this lot started to be the focus of emailed questions, we’d never paid them attention. Of course, we’re always a bit suspicious of shares trading for less than a penny, due to the frequent casualty rates but something about price movements in recent days caught our attention.
At present, trading at 0.366p, the share requires exceed 0.496p to give hope for continued gains. Obviously, shares of this price can suffer mercilessly from the offered spread. For instance, on Tuesday the price was reports as down 7.8% but the number becomes meaningless with an offered spread of 10.3%. This creates the unpleasant notion where any price movement needs be large in percentage terms before any profit is made. And it gets worse, if factoring the cost of dealing the trade.
Above 0.496p certainly has some potential, allowing growth toward an initial 0.577p with secondary, if bettered, working out at 0.764p. Importantly, and amazingly, by achieving our initial target, the share will find itself in a region which permits longer term traffic toward 0.99p and perhaps beyond. We cannot calculate any drop potentials against this share. Since 2016 it has been trading in a region where all drop targets must be prefaced with a minus sign.
The fact they are still listed on the market must surely give hope!
FUTURES
| Time Issued | Market | Price At Issue | Short Entry | Fast Exit | Slow Exit | Stop | Long Entry | Fast Exit | Slow Exit | Stop | Prior |
| 10:31:33PM | BRENT | 68.23 | ‘cess | ||||||||
| 10:53:51PM | GOLD | 1732 | |||||||||
| 10:56:50PM | FTSE | 6802.85 | 6764 | 6748.5 | 6727 | 6808 | 6808 | 6818.5 | 6851 | 6770 | |
| 10:58:32PM | FRANCE | 6053.8 | |||||||||
| 11:00:47PM | GERMANY | 14564 | ‘cess | ||||||||
| 11:12:05PM | US500 | 3967.37 | ‘cess | ||||||||
| 11:14:25PM | DOW | 32853 | |||||||||
| 11:16:46PM | NASDAQ | 13177 | 13088 | 13007 | 12910 | 13211 | 13298 | 13357 | 13441 | 13135 | Success |
| 11:19:11PM | JAPAN | 29805 | Success |
16/03/2021 FTSE Closed at 6803 points. Change of 0.8%. Total value traded through LSE was: £ 7,754,900,384 a change of 34.17%
15/03/2021 FTSE Closed at 6749 points. Change of -0.18%. Total value traded through LSE was: £ 5,779,699,069 a change of 6.67%
12/03/2021 FTSE Closed at 6761 points. Change of 0.37%. Total value traded through LSE was: £ 5,418,064,712 a change of -9.29%
11/03/2021 FTSE Closed at 6736 points. Change of 0.16%. Total value traded through LSE was: £ 5,972,975,685 a change of -1.35%
10/03/2021 FTSE Closed at 6725 points. Change of -0.07%. Total value traded through LSE was: £ 6,055,011,331 a change of -12.01%
9/03/2021 FTSE Closed at 6730 points. Change of 0.16%. Total value traded through LSE was: £ 6,881,664,141 a change of 1.69%
8/03/2021 FTSE Closed at 6719 points. Change of 1.34%. Total value traded through LSE was: £ 6,767,361,334 a change of -3.17%
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
The Arrow icons refer to expected Big Picture direction. No Arrow, No clue!
Click Epic to jump to share: LSE:AVCT Avacta** **LSE:BARC Barclays** **LSE:BDEV Barrett Devs** **LSE:CCL Carnival** **LSE:CNA Centrica** **LSE:ECO ECO (Atlantic) O & G** **LSE:LLOY Lloyds Grp.** **LSE:RKH Rockhopper** **LSE:RMG Royal Mail** **LSE:RR. Rolls Royce** **LSE:TW. Taylor Wimpey** **LSE:VOD Vodafone** **
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Updated charts published on : Avacta, Barclays, Barrett Devs, Carnival, Centrica, ECO (Atlantic) O & G, Lloyds Grp., Rockhopper, Royal Mail, Rolls Royce, Taylor Wimpey, Vodafone,
LSE:AVCTLSE:AVCT Avacta. Close Mid-Price: 275 Percentage Change: + 0.36% Day High: 283.5 Day Low: 268
Target met. Further movement against Avacta ABOVE 283.5 should improve ac ……..
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View Previous Avacta & Big Picture ***
LSE:BARCLSE:BARC Barclays. Close Mid-Price: 183.02 Percentage Change: + 1.52% Day High: 185.64 Day Low: 181.38
Target met. In the event of Barclays enjoying further trades beyond 185.6 ……..
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View Previous Barclays & Big Picture ***
LSE:BDEVLSE:BDEV Barrett Devs. Close Mid-Price: 770 Percentage Change: + 2.86% Day High: 772 Day Low: 730.4
All Barrett Devs needs are mid-price trades ABOVE 772 to improve accelera ……..
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View Previous Barrett Devs & Big Picture ***
LSE:CCL Carnival Close Mid-Price: 1732.5 Percentage Change: -1.62% Day High: 1800 Day Low: 1722.5
Continued trades against CCL with a mid-price ABOVE 1800 should improve t ……..
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View Previous Carnival & Big Picture ***
LSE:CNALSE:CNA Centrica. Close Mid-Price: 56.18 Percentage Change: + 2.18% Day High: 56.74 Day Low: 54.84
Target met. All Centrica needs are mid-price trades ABOVE 56.74 to improv ……..
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View Previous Centrica & Big Picture ***
LSE:ECOLSE:ECO ECO (Atlantic) O & G. Close Mid-Price: 27.25 Percentage Change: + 4.81% Day High: 26.25 Day Low: 25.55
Target met. Continued trades against ECO with a mid-price ABOVE 26.25 sho ……..
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View Previous ECO (Atlantic) O & G & Big Picture ***
LSE:LLOYLSE:LLOY Lloyds Grp.. Close Mid-Price: 41.48 Percentage Change: + 0.91% Day High: 42.09 Day Low: 41.15
In the event of Lloyds Grp. enjoying further trades beyond 42.09, the sha ……..
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View Previous Lloyds Grp. & Big Picture ***
LSE:RKHLSE:RKH Rockhopper. Close Mid-Price: 10.72 Percentage Change: + 2.10% Day High: 11 Day Low: 10.3
In the event of Rockhopper enjoying further trades beyond 11, the share s ……..
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View Previous Rockhopper & Big Picture ***
LSE:RMGLSE:RMG Royal Mail. Close Mid-Price: 519 Percentage Change: + 3.10% Day High: 519.6 Day Low: 507.4
Target met. Further movement against Royal Mail ABOVE 519.6 should improv ……..
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View Previous Royal Mail & Big Picture ***
LSE:RR.LSE:RR. Rolls Royce. Close Mid-Price: 122.85 Percentage Change: + 4.11% Day High: 125.2 Day Low: 118.25
All Rolls Royce needs are mid-price trades ABOVE 125.2 to continue accele ……..
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View Previous Rolls Royce & Big Picture ***
LSE:TW.LSE:TW. Taylor Wimpey. Close Mid-Price: 184.7 Percentage Change: + 1.60% Day High: 185.8 Day Low: 181.05
Target met. In the event of Taylor Wimpey enjoying further trades beyond ……..
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View Previous Taylor Wimpey & Big Picture ***
LSE:VODLSE:VOD Vodafone. Close Mid-Price: 134.52 Percentage Change: + 1.10% Day High: 134.58 Day Low: 132.6
In the event of Vodafone enjoying further trades beyond 134.58, the share ……..
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View Previous Vodafone & Big Picture ***