Barratt Redrow Plc Plc (LSE:BTRW)

#Stoxx #Germany One of the more amusing political announcements recently was a commitment to building a bunch of new houses, rolling out planning restrictions and unblocking the construction of 700,000 new homes across 350 locations. The fairly major issue with such ridiculous ambition should have been self evident, yet the government cheerfully dug themselves a hole.

There are insufficient house builders to create so many properties! Before such a ridiculous target can be challenged, the UK government shall first need build a bunch of new housebuilders, meeting the challenge of creating new towns for migrants, along with low cost housing for folk stuck in the “minimum wage” poverty trap. However, working on the basis the government shall forge ahead with its ambitions, it’s certainly likely existing housebuilders shall reap the rewards of being able to do their actual jobs. Doubtless the government shall create “task forces” to spend silly sums, checking areas and designating what shall need done to release an area of land for everyone to look at, lying empty and probably stolen from farming livestock.

 

Here in Scotland, we recently ran into a McMansion dilemma, a close family member asking if we wanted to assume ownership of a “grace & favour” flat above the 7 car garage she was planning, attached to the main building. The whole thing was hysterical, the proposition being created on farmland, overlooking the North Sea. Visually attractive, the mansion entrance even loaded with Left and Right staircases, the entire project falling apart as it was to be built with red bricks. In Scotland, this sort of design tends give a “cheap” impression, due to the ready availability of proper stone to build houses – or render to hide the cheap stuff. Thankfully, the entire project fell apart before we were called upon to provide opinions on the prospects, a foregone conclusion as one of our pets cannot handle stairs! Plus, despite moaning about Argyll frequently, it would be difficult to prise us away from a small cottage, our massive garden, a cliff and waterfall, and a really useful shooting range. Plus, our land footprint is larger than a neighbour who boasts a 9 bedroom house but, doesn’t need a tractor like ours for the grass…

 

Barratt’s share price has been exhibiting sincere levels of self doubt over the last year, undecided whether to go up or down. With the UK Governments recently stated ambitions, it’s possible the UK’s arguably largest housebuilders shall be able to provide some fairly useful expectations,  movement above 479 triggering price recovery to a tame 506 with our secondary, if beaten, at a future game changing 570p, effectively dumping the share price into a “higher high” zone which promises an eventual visit to the 700p level, along with almost certain hesitation.

If things intend go horribly wrong, below 433p looks like it has the potential of triggering reversal to an initial 379p with our secondary, if the initial breaks, at a bottom of 320p.

 

We are fairly optimistic about this one.

 

 

 

FUTURES


FUTURES

Time Issued Market Price At Issue Short Entry Fast Exit Slow Exit Stop Long Entry Fast Exit Slow Exit Stop Prior
11:09:58PM BRENT 7510.2 7400 7345 7272 7473 7537 7597 7661 7496
11:11:52PM GOLD 2899.05
11:14:16PM FTSE 8767.5
11:45:59PM STOX50 5518.9 5484 5464 5442 5500 5528 5534 5552 5503 ‘cess
11:49:26PM GERMANY 22827 22690 22612 22522 22807 22882 22928 23001 22781 Success
11:52:41PM US500 6122.8 6118
11:34:35PM DOW 44593.7 44509
11:37:08PM NASDAQ 22142.5 22148
11:39:57PM JAPAN 39302 39127

 

17/02/2025 FTSE Closed at 8768 points. Change of 0.41%. Total value traded through LSE was: £ 4,815,003,376 a change of -19.37%
14/02/2025 FTSE Closed at 8732 points. Change of -0.37%. Total value traded through LSE was: £ 5,971,374,028 a change of -3.83%
13/02/2025 FTSE Closed at 8764 points. Change of -0.49%. Total value traded through LSE was: £ 6,209,371,407 a change of -0.52%
12/02/2025 FTSE Closed at 8807 points. Change of 0.34%. Total value traded through LSE was: £ 6,241,531,008 a change of 5.5%
11/02/2025 FTSE Closed at 8777 points. Change of 0.11%. Total value traded through LSE was: £ 5,916,306,035 a change of -5.17%
10/02/2025 FTSE Closed at 8767 points. Change of 0.77%. Total value traded through LSE was: £ 6,238,714,385 a change of -19.63%
7/02/2025 FTSE Closed at 8700 points. Change of -0.31%. Total value traded through LSE was: £ 7,762,890,923 a change of 38.28%

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:HSBA HSBC** **LSE:LLOY Lloyds Grp.** **LSE:RR. Rolls Royce** **LSE:SMT Scottish Mortgage Investment Trust** **LSE:STAN Standard Chartered** **

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Updated charts published on : Avacta, Carclo, HSBC, Lloyds Grp., Rolls Royce, Scottish Mortgage Investment Trust, Standard Chartered,


LSE:AVCT Avacta Close Mid-Price: 41.6 Percentage Change: -7.56% Day High: 45 Day Low: 41

In the event Avacta experiences weakness below 41 it calculates with a dr ……..

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LSE:CAR Carclo Close Mid-Price: 21.4 Percentage Change: -7.76% Day High: 22 Day Low: 19

Target met. Weakness on Carclo below 19 will invariably lead to 18.5p wit ……..

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LSE:HSBA HSBC. Close Mid-Price: 881.3 Percentage Change: + 1.33% Day High: 883.6 Day Low: 873.4

Continued trades against HSBA with a mid-price ABOVE 883.6 should improve ……..

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LSE:LLOY Lloyds Grp. Close Mid-Price: 62.92 Percentage Change: -1.93% Day High: 64.8 Day Low: 61.32

Target met. All Lloyds Grp. needs are mid-price trades ABOVE 64.8 to impr ……..

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LSE:RR. Rolls Royce. Close Mid-Price: 635.4 Percentage Change: + 1.73% Day High: 639.2 Day Low: 629

In the event of Rolls Royce enjoying further trades beyond 639.2, the sha ……..

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LSE:SMT Scottish Mortgage Investment Trust Close Mid-Price: 1132 Percentage Change: -0.09% Day High: 1140 Day Low: 1132

Further movement against Scottish Mortgage Investment Trust ABOVE 1140 sh ……..

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LSE:STAN Standard Chartered. Close Mid-Price: 1125 Percentage Change: + 0.18% Day High: 1138 Day Low: 1118

Target met. Continued trades against STAN with a mid-price ABOVE 1138 sho ……..

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

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