BT group plc is a ‘Buy’ at the current levels as the stock clearly looks undervalued at the current levels. In our last article on BT Group plc, we recommended investors to stay away from the stock on account of improper accounting practices in its Italy business and the stock has had a nonstop fall since then and has tested the lows of 280p. It started correcting from 350p and has come down up to 280p lately. However, it seems that the stock might start consolidating at the current levels and the investors/traders can initiate fresh buying positions in the stock. The stock finished trading on the London stock exchange on 18th September at 288.0p a share, up by 1.88% compared to the previous close. Currently the stock has been trading below its 50 DMA (Day moving average), 100 DMA and just a tad above 20 DMA of 297p, 299p and 288p respectively. In terms of charting or technical analysis also, the stock has completed double bottom pattern on the daily charts and is ready to bounce back. Therefore, we advise traders or investors to buy BT group plc at the current price with a target of 330p. The time frame to achieve this target would be 0 to 3 months.
Let’s throw some light on the financial year 2017 results of the company. As per the FY’17 results, the company reported the FY’17 revenue up by 27% year on year. The reported and adjusted EPS was down by 33% and 9% respectively. The reported profit before tax was down by 19% and adjusted PBT was up by 5% respectively. However, the adjusted EBITDA was up by 18% year on year. (Read more)
IQE Plc (IQE:L) up has been one of the top performers in the FTSE AIM 100 Index, growing by more than 300% this year. IQE manufactures electronic components (called wafers) necessary for the incorporation of Vertical Cavity Surface Emitting Lasers (VCSELs), used for 3D sensors. These sensors are found, for example, in smartphones, and there is rampant speculation that Apple will include them in the new smartphone, for its facial recognition sensors that will be used to unlock the screen. (Read more)
Rightmove plc is a Buy at the current levels as the stock still offers up to 8% upside from the current level. The stock finished trading on the London Stock exchange at 4086p a share on 5th September, down by 0.8% compared to the previous close. Lately, the stock went through a correction and has come down up to 4000p. Currently, the stock has been trading above 20 day moving average (DMA), below 50 DMA and 100 DMA of 4077p, 4157p and 4200p respectively. Clearly, the 50 DMA and 100 DMA are likely to act as a crucial resistance of the stock. However, a breakout above 4200p might take stock to the highs of 4600p. The immediate resistance of the stock is at 4500p. In terms of charting or technical analysis too, the stock seems forming rounding bottom pattern which also indicates the bullish pattern. The stock seems to have consolidated at around 4000-4050p. Therefore, we recommend buying Rightmove plc at current market price with a target price of 4600p.
The company announced its half yearly 2017 results on 28th July. Let’s throw light on the latest financial results of the company. The H1’17 revenue was up by 11% year on year, driven by the continued growth in the agency and new home businesses. The underlying operating profit and operating profit were up by 11% and 9% respectively. Average revenue per advertiser was up by 10% and there was continued traffic growth with visits up by 3%. Over 1.1 million UK residential advertisements were advertised on Rightmove, a third more than any other portal. (Read more)
A deal merging the software applications component of Hewlett Packard Enterprises Co. (HPE:US) and Micro Focus International PLC (MCRO:LN) worth GBP 8.8 billion has created the UK's largest tech firm, overtaking Sage Group PLC. The new combined entity, which will be listed in London, will have a market capitalisation of GBP 12.7 billion and have a workforce 180,000 strong, mostly former employees of HPE. The new group will include HPE's former application delivery management, big data analytics and enterprise security units. HPE will remain the majority shareholders of the new venture (50.1% ownership) and received USD 2.5 billion in cash as part of the deal. (Read more)
Rolls Royce is a Hold at the current level as we see an upside of up to 8% from the current level. The stock finished trading on the London stock exchange at 899p a share on Monday, down by 0.83% compared to the previous close. In terms of technical analysis or charting, the stock has been forming double bottom pattern which indicates that the uptrend shall resume anytime. We expect the stock to bottom out at 880p and fresh buying can be initiated around that level. Currently, the stock has been trading below 20 day moving average (DMA), 50 DMA and above 100 DMA of 925p, 920p and 886p. Clearly, the 100 day moving average would likely to act as very strong support zone for the stock. The immediate resistance would likely be at 970p. Therefore, we would advise traders or investors to buy Rolls Royce once it has bottomed out at around 880p with a target of 960p. The momentum oscillators also indicate the same thing that the stock might correct for a few days, but shall bottom out and be in oversold zone very soon. Hence, traders or investors shall keep an eye at the respective levels and initiate the fresh longs accordingly.
The company announced its half yearly results on 3rd August 2017. Let’s throw some light on the latest financial results of the company. As per the CEO, Warren East, the results showed encouraging year on year progress and the business remains fundamentally strong and well positioned in long term growth markets. The company’s first half 2017 revenue was up by 12% yoy compared to the last year. The company reported profit before tax of £1,941m compared to the loss of £2150m last year. The marine segment continues to face challenging offshore oil and gas markets. However, the company reported good profit growth in civil aerospace and power systems with defense remaining steady. (Read more)
BPPlc. looks fairly valued at the current levels as we don’t see much upside in the stock. The stock finished trading on the London stock exchange on 15th August at 447.0p a share, up by 0.69% compared to previous close. Lately, the stock has been in correction mode and has come down from 470p to 445p in a few days. However, we expect the stock to consolidate around 440p and the stock shall bounce back from that level. Therefore, traders or investors would be advised to keep an eye on Bp Plc. and accordingly initiate fresh buy positions. As of now we won’t recommend to initiate fresh trades in Bp Plc., till the stock is done with its consolidation and correction. In terms of technical analysis or charting, the stock has indicated bearish pattern followed by gap down and red marubozu candles. Although, yesterday, the momentum oscillator RSI indicated a bounce back but we need to get the confirmation of the same. If the stock gives a positive closing in the coming one or two trading sessions, traders or investors can initiate fresh buy positions.
Let’s throw some light on the latest financial results of the company. As per the management, the company reported solid earnings in first half 2017. The company reported a profit of $1,593m in first half 2017 versus loss of $2002 m. After adjusting for a net charge for non-operating items of $215 million and net favorable fair value accounting effects of $84 million, underlying RC profit for the second quarter was $684 million, compared with $720 million for the same period in 2016. Excluding post-tax amounts related to the Gulf of Mexico oil spill, operating cash flow for the second quarter and half year was $6.9 billion and $11.3 billion respectively, compared with $5.3 billion and $8.3 billion for the same periods in 2016. (Read more)
Centrica Plc. is an avoid at the current level! The stock has clearly been in a correction mode and it looks like that the correction is going to continue for the time being. Hence, traders and investors would be advised to stay away from the stock till it starts consolidating. The stock finished trading on the London stock exchange at 197.1p a share, up by 0.25% compared to the previous close. The stock has been trading on a narrow channel of 195p-215p for quite some time. However, the momentum oscillators are clearly signaling ‘Sell’ on the daily charts. Thus, we see a sharp breakdown coming in Centrica plc. anytime soon. Thus, fresh positions should be strictly avoided in the company. Currently, the stock has been trading below its 20 day moving average (DMA), 50 DMA and 100 DMA of 203p, 202p and 205p.Trading below the moving averages is also clearly a bearish indicator for a stock and moving averages would act as a crucial resistance for the stocks.
The company announced its half yearly 2017 financial results on 1st August. The results also seem to dampen the sentiment of the investors as the stock hasn’t shown any up movement since the results. Let’s throw some light on the latest financial results of the company. The company reported a mixed bag of earnings on 1st August. The company reported H1’17 revenue at £14.3bn, up by 7% compared to last year. The half yearly adjusted operating profit fell by 11% to £449m including a higher net interest cost. The adjusted operating cash flow was down by 9% reflecting one-off UK Business working capital inflow in 2016. But the good news for the investors was that the net debt came down by 22% and was in line with company’s expectations. (Read more)
GSK Plc. is an avoid at the current levels as the stock has been in correction mode for quite some time. The company announced its results on 26th July and investor sentiments surely look dampened post the results as the stock continued its southward journey after the announcement of the results. The stock finished trading on the London Stock exchange at 1514.0p a share on Monday, 31st July. The stock has been nonstop falling post the announcement of its results. Therefore, traders or investors are advised to stay away from the stock at least for the time being. In terms of charting or technical analysis also, the stock has made rounding top pattern which further confirms the bearish pattern of the stock and we expect the bearish trend to continue for the short term and see no signs of reversal anytime soon. The momentum oscillators like RSI and MACD also indicates the same. The stock has also been trading below its 20 day moving average (DMA), 50 DMA and 100 DMA of 1594.0p, 1644.0p and 1640p respectively. The weekly charts also indicates double top pattern which again is a confirmation of bearish trend. Thus, GSK Plc. is an avoid for sure for the time being.
Let’s throw light on the latest financial results of the company. The company reported a loss per share of 3.7p in Q2’17 because of charges resulting from increase in the valuation of consumer and HIV businesses and new portfolio choices. However, the company’s topline grew by 12%, driven by continued momentum and growth in Pharmaceuticals and Vaccines. Also, the pharma giant reiterated its outlook for sales and earnings performance to 2020. GSK expects sales to grow at CER at a low-to-mid single digits percentage CAGR and Adjusted EPS to grow at a mid-to-high single digits percentage CAGR for the period 2016-2020. These outlooks are based on 2015 exchange rates and anticipate that at least one version of generic Advair will be launched in the US before 2020. (Read more)
NCC Group plc. is a holding company. The principal activity of the Company is the provision of independent advice and services to customers by way of the provision of escrow and assurance services. It operates through three segments: Group Escrow, Assurance and Domain Services. The Domain Services segment is focused on maintaining and publishing the .trust security standards. It operates in two divisions: Assurance and Escrow. Its Assurance division includes security and risk consulting service and software testing and Website performance. It offers a range of complementary services, including expert security assurance and penetration testing, cyber defense operations, incident response and forensics, managed security services and security operations centers, as well as risk mitigation and governance. Its escrow and verification services assure the long-term availability of third-party supplied applications and software packages, protecting both end users and software suppliers.
The stock finished trading on the London stock exchange at 190.75p a share, up by 3.11% compared to the previous close. We expect the northward journey of the stock to continue and the stock shall rise in the coming trading sessions as well. Currently, the stock has been trading above its 20 day moving average (DMA), 50 DMA and 100 DMA of 167.0p, 161.0p and 143.0p respectively. Clearly the technical indicators and moving averages suggest strong buy for the stock. In terms of technical analysis and charting, the stock has made green marubozu candle which indicates breakout! Also, after consolidating for over a month, the stock has finally given a breakout and that’s what also confirms the continuing upward rally of the stock. Traders or investors shall accumulate the stock in the range of 190p-192p for the immediate target of 200.0p as 200.0 p shall act as a strong resistance The stop loss would be 184.0 However, in case the stock gives a breakout above 200p as well, then the stock may make new highs at 230.0p. Therefore, traders or investors would be advised to keep an eye at the respective levels and accordingly hedge their positions. (Read more)
Discussions are continuing regarding the deal whereby 21st Century Fox would buy the remaining shares in private broadcaster Sky (SKY:LN), a deal which would value the pay TV giant at GBP 18.5 billion. The American group has submitted a response to the U.K. government's suggestion to request a more in-depth competition review of the entertainment conglomerate's planned deal to take full control of Sky. Karen Bradley, the culture Secretary, who oversees the deal, is reportedly "minded to" refer Fox's £11.7bn Sky takeover to competition authorities over public interest concerns. (Read more)