{"id":5266,"date":"2024-10-17T04:46:08","date_gmt":"2024-10-17T03:46:08","guid":{"rendered":"http:\/\/www.trendsandtargets.com\/?p=5266"},"modified":"2024-10-17T04:46:08","modified_gmt":"2024-10-17T03:46:08","slug":"barratt-redrow-plc-lsebtrw-and-false-teeth","status":"publish","type":"post","link":"http:\/\/www.trendsandtargets.com\/index.php\/2024\/10\/17\/barratt-redrow-plc-lsebtrw-and-false-teeth\/","title":{"rendered":"Barratt Redrow Plc \u00a0(LSE:BTRW) and false teeth"},"content":{"rendered":"

#Gold #FTSE<\/span>\u00a0<\/span><\/b>\u00a0With all the buzz about the forthcoming UK Budget on 30th October,\u00a0 we’re fascinated at the proposal to increase the tax on jobs, the so called Employers National Insurance Contribution (ENIC). Currently at 13.8%, ENIC is quite literally a tax for every job an employer creates and it is strange for a Labour government to propose working hard at reducing incentives for employers to create jobs. But then again, there is another facet to this as the only type of employees immune from an ENIC cost to employers are those over retirement age. In other words, pensioners may avoid freezing to death by becoming an attractive type of employee for business. It would certainly be a surprise if an interview process in the future also examined the grey hair count of the candidates!\u00a0 Who knows, there may be life beyond holding a lollipop at a pedestrian crossing, especially when fast food outlets realise they’ve a quick way of increasing their bottom line by a not insignificant 14% or so.<\/span><\/p>\n

Who knows, we may be facing an era where bunch of folk driving JCB’s, Cat D10’s, or Cranes may be old folks, retrained from their prior jobs. From a “bloke” perspective, the idea of spending time being paid to operate these big toys is almost as attractive as being paid to blow stuff up.<\/span><\/p>\n

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While obviously there’s a painful overhead, if choosing pension age folk, as a plethora of doctors appointments becomes probable… But on the bright side, it will once again become safe for pretty girls to walk past a building site without being whistled at, due to a workforce dominated by false teeth. Perhaps being a little whimsical here but, if I were running a 24\/7 retail business, I’d certainly consider employing older staff and paying them a premium, due to the ENIC saving and the fact their tax position differs from conventional staff.<\/span><\/p>\n

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With Barratt finally taking over Redrow and delisting Barclays Developments from the market place, the replacement listing of the merged company is showing some interesting potentials for the future.<\/span><\/p>\n

From a near term perspective, apparently above 517p should trigger convincing movement to an initial 573p with our secondary, if bettered, at a game changing potential of 602p. Our reasoning for describing such a target as game changing is fairly simple, it affords the share price the chance to move above a series of prior highs, making the potential of a long term 699p a viable ambition.<\/span><\/p>\n

For everything to go horribly wrong, the share needs break below Red at 445p, entering a zone where a cycle down to 320 becomes possible.<\/span><\/p>\n

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FUTURES<\/p>\n\n\n\n\n\n\n\n\n\n\n\n\n
Time Issued<\/span><\/td>\nMarket<\/span><\/td>\nPrice At Issue<\/span><\/td>\nShort Entry<\/span><\/td>\nFast Exit<\/span><\/td>\nSlow Exit<\/span><\/td>\nStop<\/span><\/td>\nLong Entry<\/span><\/td>\nFast Exit<\/span><\/td>\nSlow Exit<\/span><\/td>\nStop<\/span><\/td>\nPrior<\/span><\/td>\n<\/tr>\n
11:30:09PM<\/span><\/td>\nBRENT<\/span><\/td>\n7428<\/span><\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
11:33:53PM<\/span><\/td>\nGOLD<\/span><\/td>\n2673.95<\/span><\/td>\n2659<\/span><\/td>\n2647<\/span><\/td>\n2634<\/span><\/td>\n2668<\/span><\/td>\n2686<\/span><\/td>\n2690<\/span><\/td>\n2697<\/span><\/td>\n2673<\/span><\/td>\n‘cess<\/span><\/td>\n<\/tr>\n
11:37:49PM<\/span><\/td>\nFTSE<\/span><\/td>\n8346.6<\/span><\/td>\n8328<\/span><\/td>\n8314<\/span><\/td>\n8298<\/span><\/td>\n8348<\/span><\/td>\n8362<\/span><\/td>\n8379<\/span><\/td>\n8429<\/span><\/td>\n8326<\/span><\/td>\nSuccess<\/span><\/td>\n<\/tr>\n
11:42:01PM<\/span><\/td>\nSTOX50<\/span><\/td>\n4909.9<\/span><\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n‘cess<\/span><\/td>\n<\/tr>\n
11:44:42PM<\/span><\/td>\nGERMANY<\/span><\/td>\n19461.4<\/span><\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
11:46:57PM<\/span><\/td>\nUS500<\/span><\/td>\n5835.1<\/span><\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
11:49:29PM<\/span><\/td>\nDOW<\/span><\/td>\n43039.5<\/span><\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
11:54:19PM<\/span><\/td>\nNASDAQ<\/span><\/td>\n20142.3<\/span><\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
11:57:18PM<\/span><\/td>\nJAPAN<\/span><\/td>\n39319<\/span><\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

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16\/10\/2024 FTSE Closed at 8329 points. Change of 0.97%. Total value traded through LSE was: \u00a3 6,547,715,770 a change of 9.87%<\/h5>\n
15\/10\/2024 FTSE Closed at 8249 points. Change of -0.52%. Total value traded through LSE was: \u00a3 5,959,303,789 a change of 44.82%<\/h5>\n
14\/10\/2024 FTSE Closed at 8292 points. Change of 0.47%. Total value traded through LSE was: \u00a3 4,114,889,557 a change of -0.88%<\/h5>\n
11\/10\/2024 FTSE Closed at 8253 points. Change of 0.19%. Total value traded through LSE was: \u00a3 4,151,259,780 a change of -12.55%<\/h5>\n
10\/10\/2024 FTSE Closed at 8237 points. Change of -0.07%. Total value traded through LSE was: \u00a3 4,747,138,967 a change of 12.51%<\/h5>\n
9\/10\/2024 FTSE Closed at 8243 points. Change of 0.65%. Total value traded through LSE was: \u00a3 4,219,173,545 a change of -36.61%<\/h5>\n
8\/10\/2024 FTSE Closed at 8190 points. Change of -1.36%. Total value traded through LSE was: \u00a3 6,655,496,813 a change of 41.95% <\/a><\/h5>\n

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.<\/span><\/span><\/p>\n

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 <\/span><\/span><\/p>\n

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.<\/span><\/span><\/p>\n

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.<\/span><\/span><\/p>\n

We can be contacted at info@trendsandtargets.com. Spam filters set to maximum so only legit emails get through…<\/p>\n

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Section One – Outlook Updated Today. Click here for Section Two – Outlook Remains Valid shares<\/h4>\n

<\/a>Click Epic to jump to share: LSE:BBY BALFOUR BEATTY** **LSE:CCL Carnival** **LSE:CEY Centamin** **LSE:CPI Capita** **LSE:ECO ECO (Atlantic) O & G** **LSE:EZJ EasyJet** **LSE:FRES Fresnillo** **LSE:IHG Intercontinental Hotels Group** **LSE:ITM ITM Power** **LSE:LLOY Lloyds Grp.** **LSE:MKS Marks and Spencer** **LSE:RR. Rolls Royce** **LSE:SPX Spirax** **<\/p>\n

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Updated charts published on : BALFOUR BEATTY, Carnival, Centamin, Capita, ECO (Atlantic) O & G, EasyJet, Fresnillo, Intercontinental Hotels Group, ITM Power, Lloyds Grp., Marks and Spencer, Rolls Royce, Spirax,<\/p>\n

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LSE:BBY BALFOUR BEATTY<\/span>. Close Mid-Price: 449.8 Percentage Change: + 1.67% Day High: 451.6 Day Low: 441.8<\/h4>\n

Target met. In the event of BALFOUR BEATTY enjoying further trades beyond ……..<\/span><\/p>\n

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View Previous BALFOUR BEATTY & Big Picture ***<\/a><\/p>\n

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LSE:CCL Carnival<\/span>. Close Mid-Price: 1494 Percentage Change: + 1.15% Day High: 1505.5 Day Low: 1481<\/h4>\n

Further movement against Carnival ABOVE 1505.5 should improve acceleratio ……..<\/span><\/p>\n

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View Previous Carnival & Big Picture ***<\/a><\/p>\n

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LSE:CEY Centamin<\/span>. Close Mid-Price: 157.3 Percentage Change: + 2.28% Day High: 159 Day Low: 154<\/h4>\n

In the event of Centamin enjoying further trades beyond 159, the share sh ……..<\/span><\/p>\n

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<\/p<\/p>\n

View Previous Centamin & Big Picture ***<\/a><\/p>\n

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LSE:CPI Capita<\/span>. Close Mid-Price: 21.5 Percentage Change: + 1.18% Day High: 21.65 Day Low: 21<\/h4>\n

All Capita needs are mid-price trades ABOVE 21.65 to improve acceleration ……..<\/span><\/p>\n

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View Previous Capita & Big Picture ***<\/a><\/p>\n

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LSE:ECO ECO (Atlantic) O & G Close Mid-Price: 9.6 Percentage Change: -6.34% Day High: 10.25 Day Low: 9.2 <\/span><\/h4>\n

Target met. In the event ECO (Atlantic) O & G experiences weakness below ……..<\/span><\/p>\n

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<\/p<\/p>\n

View Previous ECO (Atlantic) O & G & Big Picture ***<\/a><\/p>\n

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LSE:EZJ EasyJet<\/span>. Close Mid-Price: 527.4 Percentage Change: + 1.81% Day High: 528 Day Low: 511.4<\/h4>\n

In the event of EasyJet enjoying further trades beyond 528, the share sho ……..<\/span><\/p>\n

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View Previous EasyJet & Big Picture ***<\/a><\/p>\n

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LSE:FRES Fresnillo<\/span>. Close Mid-Price: 669 Percentage Change: + 2.22% Day High: 678.5 Day Low: 663.5<\/h4>\n

Target met. All Fresnillo needs are mid-price trades ABOVE 678.5 to impro ……..<\/span><\/p>\n

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<\/p<\/p>\n

View Previous Fresnillo & Big Picture ***<\/a><\/p>\n

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LSE:IHG Intercontinental Hotels Group<\/span>. Close Mid-Price: 8562 Percentage Change: + 1.64% Day High: 8592 Day Low: 8404<\/h4>\n

Continued trades against IHG with a mid-price ABOVE 8592 should improve t ……..<\/span><\/p>\n

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View Previous Intercontinental Hotels Group & Big Picture ***<\/a><\/p>\n

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LSE:ITM ITM Power Close Mid-Price: 43.12 Percentage Change: -4.26% Day High: 46.2 Day Low: 43.02 <\/span><\/h4>\n

If ITM Power experiences continued weakness below 43.02, it will invariab ……..<\/span><\/p>\n

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View Previous ITM Power & Big Picture ***<\/a><\/p>\n

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LSE:LLOY Lloyds Grp.<\/span>. Close Mid-Price: 61.2 Percentage Change: + 1.86% Day High: 61.1 Day Low: 60<\/h4>\n

In the event of Lloyds Grp. enjoying further trades beyond 61.1, the shar ……..<\/span><\/p>\n

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<\/p<\/p>\n

View Previous Lloyds Grp. & Big Picture ***<\/a><\/p>\n

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LSE:MKS Marks and Spencer<\/span>. Close Mid-Price: 393.4 Percentage Change: + 1.73% Day High: 393.4 Day Low: 387.1<\/h4>\n

Target met. In the event of Marks and Spencer enjoying further trades bey ……..<\/span><\/p>\n

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<\/p<\/p>\n

View Previous Marks and Spencer & Big Picture ***<\/a><\/p>\n

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LSE:RR. Rolls Royce<\/span>. Close Mid-Price: 560 Percentage Change: + 3.59% Day High: 558.8 Day Low: 546.8<\/h4>\n

Target met. In the event of Rolls Royce enjoying further trades beyond 55 ……..<\/span><\/p>\n

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<\/p<\/p>\n

View Previous Rolls Royce & Big Picture *** <\/a><\/p>\n

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LSE:SPX Spirax<\/span>. Close Mid-Price: 6715 Percentage Change: + 0.75% Day High: 6770 Day Low: 6655<\/h4>\n

Continued weakness against SPX taking the price below 6655 calculates as ……..<\/span><\/p>\n

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View Previous Spirax & Big Picture ***<\/a><\/p>\n

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*** End of “Updated Today” comments on shares<\/span><\/h2>\n","protected":false},"excerpt":{"rendered":"

#Gold #FTSE\u00a0\u00a0With all the buzz about the forthcoming UK Budget on 30th October,\u00a0 we’re fascinated at the proposal to increase the tax on jobs, the so called Employers National Insurance Contribution (ENIC). Currently at 13.8%, ENIC is quite literally a tax for every job an employer creates and it is strange for a Labour government … <\/p>\n

Continue reading “Barratt Redrow Plc \u00a0(LSE:BTRW) and false teeth”<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-5266","post","type-post","status-publish","format-standard","hentry","category-trendsandtargets"],"_links":{"self":[{"href":"http:\/\/www.trendsandtargets.com\/index.php\/wp-json\/wp\/v2\/posts\/5266","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/www.trendsandtargets.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/www.trendsandtargets.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/www.trendsandtargets.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/www.trendsandtargets.com\/index.php\/wp-json\/wp\/v2\/comments?post=5266"}],"version-history":[{"count":2,"href":"http:\/\/www.trendsandtargets.com\/index.php\/wp-json\/wp\/v2\/posts\/5266\/revisions"}],"predecessor-version":[{"id":5268,"href":"http:\/\/www.trendsandtargets.com\/index.php\/wp-json\/wp\/v2\/posts\/5266\/revisions\/5268"}],"wp:attachment":[{"href":"http:\/\/www.trendsandtargets.com\/index.php\/wp-json\/wp\/v2\/media?parent=5266"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.trendsandtargets.com\/index.php\/wp-json\/wp\/v2\/categories?post=5266"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.trendsandtargets.com\/index.php\/wp-json\/wp\/v2\/tags?post=5266"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}