Vivo Energy Plc, happy in Africa!

#FTSE #Nasdaq

We wonder if our glance at Shell share price provoked the batch of emails asking about Vivo. To explain, Vivo Energy Plc, listed and headquartered in London, are the company behind Shell petrol stations across 23 different countries in Africa. Listed on the FTSE 250 since 2018, there certainly appeared a raft of optimism about their prospects, setting a quite different tone to the one we exhibited about Shell.

We’re sure it’s all just a co-incidence but, to be fair, we had wondered where all the Shell petrol stations had gone. There used to be two locally, now each a derelict plot of fenced off land, doubtless untouchable due to the historic risk of environmental damage to the ground. Once upon a time, replacing underground storage tanks was about as popular a concept among petrol retailers as root canal dental treatment is amongst patients. The costs were horrendous and when coupled with the threat of discovering an ancient diesel tank has been weeping for years, some petrol stations were probably safest just walked away from! Personally, I remember buying a particular petrol station, one with absurdly small storage tanks and a lack of documentation. Eventually, it was discovered the tanks had been installed just after WW2, making them closer to the days of the horse and cart than my Audi coupe. Thankfully, the things fell into the category of “they don’t build ’em like that anymore” and were easily replaced.

 

Reminiscences aside, Vivo share price is certainly displaying some hope for the future as above just 150p should prove capable of a lift to 170p next. Above 170p and things become interesting for the longer term as our secondary calculation works out at an amazing 219p. Such an ambition exceeds the initial IPO high of 200p back in 2018, hopefully indicating changed days for the future as we can currently calculate a distant hope of 256p as a third level target.

To be fair, we’d rather revisit the numbers, should 219p make itself known.

 

Currently trading around 144p, the share price needs plunge below 110p to indicate something dreadful is going wrong. A movement such as this would risk the share price literally halving to a future 55p, so perhaps 110p shall make an ideal stop loss level for those who just want to “fire and forget” a trade such as this.

FUTURES

Time Issued Market Price At Issue Short Entry Fast Exit Slow Exit Stop Long Entry Fast Exit Slow Exit Stop Prior
11:20:40PM BRENT 119.1 ‘cess
11:22:53PM GOLD 1808.16
11:24:55PM FTSE 7193 7129 7117 7067 7197 7269 7300 7356 7209 ‘cess
11:26:36PM FRANCE 5953 Success
11:35:13PM GERMANY 13350 ‘cess
11:38:04PM US500 3747 ‘cess
11:46:40PM DOW 30441 ‘cess
11:48:13PM NASDAQ 11368 11199 11118 10989 11368 11507 11579 11704 11407
14/06/2022 FTSE Closed at 7187 points. Change of -0.25%. Total value traded through LSE was: £ 7,967,426,420 a change of 8.5%
13/06/2022 FTSE Closed at 7205 points. Change of -1.53%. Total value traded through LSE was: £ 7,343,380,444 a change of 22%
10/06/2022 FTSE Closed at 7317 points. Change of -2.13%. Total value traded through LSE was: £ 6,019,204,674 a change of -10.01%
9/06/2022 FTSE Closed at 7476 points. Change of -1.54%. Total value traded through LSE was: £ 6,688,998,845 a change of -1.03%
8/06/2022 FTSE Closed at 7593 points. Change of -0.07%. Total value traded through LSE was: £ 6,758,685,339 a change of -1.74%
7/06/2022 FTSE Closed at 7598 points. Change of -100%. Total value traded through LSE was: £ 6,878,313,102 a change of 0%
6/06/2022 FTSE Closed at 7608 points. Change of 0%. Total value traded through LSE was: £ 6,070,626,814 a change of 0%

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:AFC AFC Energy** **LSE:AML Aston Martin** **LSE:ASC Asos** **LSE:CCL Carnival** **LSE:CEY Centamin** **LSE:DDDD 4D Pharma** **LSE:EXPN Experian** **LSE:EZJ EasyJet** **LSE:HIK Hikma** **LSE:HL. Hargreaves Lansdown** **LSE:IAG British Airways** **LSE:IGG IG Group** **LSE:IHG Intercontinental Hotels Group** **LSE:ITM ITM Power** **LSE:ITRK Intertek** **LSE:RMG Royal Mail** **LSE:SBRY Sainsbury** **LSE:SPX Spirax** **

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Updated charts published on : AFC Energy, Aston Martin, Asos, Carnival, Centamin, 4D Pharma, Experian, EasyJet, Hikma, Hargreaves Lansdown, British Airways, IG Group, Intercontinental Hotels Group, ITM Power, Intertek, Royal Mail, Sainsbury, Spirax,

LSE:AFC AFC Energy Close Mid-Price: 21.76 Percentage Change: -5.23% Day High: 23.54 Day Low: 21.7

Continued weakness against AFC taking the price below 21.7 calculates as l ……..

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LSE:AML Aston Martin Close Mid-Price: 514 Percentage Change: -4.81% Day High: 553.8 Day Low: 511

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LSE:ASC Asos Close Mid-Price: 1122 Percentage Change: -7.20% Day High: 1232 Day Low: 1110

Target Met. Now below 1110 suggests ongoing weakness to 955 with secondary ……..

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LSE:CCL Carnival Close Mid-Price: 724.4 Percentage Change: -3.31% Day High: 753.4 Day Low: 715.8

If Carnival experiences continued weakness below 715, it will invariably l ……..

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LSE:CEY Centamin Close Mid-Price: 75.78 Percentage Change: -6.88% Day High: 82.8 Day Low: 74.7

If Centamin experiences continued weakness below 74, it will invariably le ……..

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LSE:DDDD 4D Pharma Close Mid-Price: 24.5 Percentage Change: -4.85% Day High: 25.65 Day Low: 24

In the event 4D Pharma experiences weakness below 24, it calculates with a ……..

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LSE:EXPN Experian Close Mid-Price: 2323 Percentage Change: -2.31% Day High: 2416 Day Low: 2298

Target Met. Ongoing weakness now below 2298 suggests travel down to 2212 n ……..

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LSE:EZJ EasyJet Close Mid-Price: 410.1 Percentage Change: -3.10% Day High: 437 Day Low: 408.2

Target Met. Now below 408 threatens reversal to an initial 356 with second ……..

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LSE:HIK Hikma Close Mid-Price: 1509.5 Percentage Change: -1.82% Day High: 1559.5 Day Low: 1495.5

Target Met. Now below 1495 looks like promoting reversal to an initial 139 ……..

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LSE:HL. Hargreaves Lansdown Close Mid-Price: 771.8 Percentage Change: -1.48% Day High: 795.2 Day Low: 772.2

Target Met or near enough. Next below 770 becomes especially troubling, al ……..

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LSE:IAG British Airways Close Mid-Price: 113.9 Percentage Change: -0.97% Day High: 118.12 Day Low: 113.62

Target Met. This now looks like it intends challenge the Covid lows. Below ……..

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LSE:IGG IG Group Close Mid-Price: 648 Percentage Change: -1.52% Day High: 664.5 Day Low: 647

Target Met. Further traffic below 647 now suggests coming weakness to an i ……..

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LSE:IHG Intercontinental Hotels Group. Close Mid-Price: 4351 Percentage Change: + 0.95% Day High: 4399 Day Low: 4261

All Intercontinental Hotels Group needs are mid-price trades ABOVE 5040 to ……..

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LSE:ITM ITM Power Close Mid-Price: 202.2 Percentage Change: -4.13% Day High: 218.5 Day Low: 202.3

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LSE:ITRK Intertek Close Mid-Price: 4233 Percentage Change: -0.77% Day High: 4301 Day Low: 4154

Target Met. Continued weakness against ITRK taking the price below 4150 ca ……..

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LSE:RMG Royal Mail. Close Mid-Price: 273.7 Percentage Change: + 0.18% Day High: 276.5 Day Low: 263.2

Continued weakness against RMG taking the price below 263 calculates as l ……..

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LSE:SBRY Sainsbury Close Mid-Price: 203.3 Percentage Change: -0.78% Day High: 205.2 Day Low: 201.7

In the event Sainsbury experiences weakness below 201, it calculates with ……..

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LSE:SPX Spirax Close Mid-Price: 9284 Percentage Change: -2.81% Day High: 9670 Day Low: 9282

Weakness on Spirax below 9280 will invariably lead to 9211 with secondary ……..

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*** End of “Updated Today” comments on shares.

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