ShrutiAggarwal
Member Since 8 December 2015
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ShrutiAggarwal's Insights

Insights for 2016

Rolls Royce shall be avoided for the time being as the company announced on its capital day on 16th November, that a new accounting standard that forbids the acceleration of revenue recognition, will hurt near term results at Rolls-Royce Holdings PLC. However, the analysts feel that the reporting will be more transparent under IFRS 15.

The company finished trading on the London Stock exchange at 675p a share on Tuesday, 27th December. Post the capital market day, the stock reacted negatively to the news on new accounting standard and Rolls Royce fell sharply from 740p to the lows of 635p, a fall of almost 12% in just two days. Currently the stock has been trading below 50 day moving average (DMA), 100 DMA and just a tad above 20 DMA of 701p, 729p and 671p respectively. Rolls-Royce has been trading 35% above the 52 weeks low and 22% below the 52 weeks high. As per the technical analysis and charting techniques, the stock seems to have consolidated at 651p and has been rising since then. However, at the current levels, the stock seems to have tough resistance and an upmove is seen only once the stock breaches 678p successfully. We would advise traders or investors to initiate fresh positions on the stock only if the stock gives a breakout above 678p, otherwise Rolls Royce shall be avoided for some time! (Read more)

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Topics: Analysis
Other Insights on Related Shares: NG..L

National Grid should be an avoid for the time being. The stock has had a massive fall in the past few months and it seems that the stock would take time to consolidate. The company announced its half yearly 2016-17 results, a few days back on 10th November. It seems that the latest results couldn’t cheer the investor’s sentiment on the D- street as the stock crashed by nearly 5%, the same day! We would throw a light on the results of the company in the later part of the article.

The stock finished trading on the London stock exchange at 898p a share on1st December. The stock has been trading below its 20 day moving average (DMA), 50 DMA and 100 DMA of 957p, 1023p and 1050p respectively.  A few days back, National Grid was trading between the channel of 928p-970p and yesterday it went below the channel too. Therefore, the bearishness would be expected to continue and the stock may head towards fresh lows also.  Another technical indicator ‘trend line’ also confirms the bearishness of the stock as the stock has been trading nonstop on the downward trend line only! Additionally, huge volumes have been seen indicating towards fresh short positions only. Hence, traders or investors shall completely avoid National Grid plc. for some time till we see any consolidation sign in the stock. (Read more)

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Topics: Analysis
Other Insights on Related Shares: VOD.L
Related Shares: Vodafone Share Price

Vodafone Group Plc. should be avoided for the time being or the investors shall wait for its consolidation. The company announced its half yearly results, a few days back on 15th November 2016.  The stock fell by about 1.5% on the same day which indicates that our investors were not happy with the telecom giant’s half yearly performance. We would be throwing light on the latest financial results of the company in the other part of the article.

The stock finished trading on the London Stock exchange at 203.55p on Tuesday, 22nd November, up by 0.45% compared to the previous close. In terms of technical analysis, Vodafone Plc looks pretty bearish on charts as it has made a technical pattern of ‘lower highs and higher lows’ which indicates weakness in the stock. It has had a nonstop fall from 240p to 200p in the last 3 to 4 months. Clearly, the stock has been trading on the ‘downward trend line’. Therefore, consolidation would be confirmed once it breaches the downward trend line. However, it seems that stock has taken support at 200p and if it would sustain the support zone, then the stock shall trade in the channel of 202p-216p in the near term. But, a breakdown below 200p would surely means fresh lows and would also indicate that more and more short positions have been building on the stock. Vodafone Plc needs to be under the watch for some time, and then only we can foresee a clear direction. Currently, the stock has been trading 3% above its 52 weeks low and 16% below its 52 weeks high. (Read more)

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Topics: Analysis
Other Insights on Related Shares: MKS.L

Marks and Spenser group plc is a ‘Hold’ at the current price levels. The company announced its half yearly results on 10th November 2016.

The CEO Mr. Steve Row, commented on the results, “In May, we laid out a number of questions which we would answer as part of our strategic review.  We committed to creating a simpler business with customers at its heart, and taking action to start to recover our Clothing & Home business and continue to grow in Food. Our aim is to build a sustainable business which will delight our customers, provide a robust foundation for future growth and deliver value for our shareholders in the long term. We have made good progress on our plans and customers are already noticing a difference, particularly in Clothing & Home. In addition, we have made major steps towards fairer pay and pension arrangements, streamlined our senior management team and our plans to implement a simpler Head Office structure are well underway. We have now completed a forensic review of our estate both in the UK and in our International markets.  Over the next five years we will transform our UK estate with c.60 fewer Clothing & Home stores, whilst continuing to increase the number of our Simply Food stores. In the future, we will have more inspiring stores in places where customers want to shop that complement our growing digital offer. Internationally, we propose to cease trading in ten loss making owned markets, but intend to continue to develop our presence through our strong franchise partners. These are tough decisions, but vital to building a future M&S that is simpler, more relevant, multi-channel and focused on delivering sustainable returns.” (Read more)

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Other Insights on Related Shares: IGAS.L, SKS.L

IGAS Energy plc:

IGAS Energy Plc has had  a spectacular rally on 2nd November as the stock was up by over 20% same day! But the rally couldn’t sustain and the stock had a resistance at 13.75p and it fell back again! The stock finished trading on the London Stock exchange at 11.75p, down by 1.5% compared to the last closing. Currently the stock has been trading below its 20 day moving average (DMA), 50 DMA and 100 DMA of 12.04p, 13.34p and 13.89p respectively. The stock has a very strong support at 10.5p and is now trading in the channel of 10.5p-12p. However, any breakdown below 10.5p would surely indicate significant downside to the stock. Fresh longs or buys should be initiated only if the stock gives a breakout above 12.0p or else its best to avoid the stock for the time being as it might head lower. Therefore we would advise traders or investors to keep a close watch on the levels of the stock and accordingly they should initiate the positions. (Read more)

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Topics: Analysis
Other Insights on Related Shares: BT.A.L
Related Shares: Bt Share Price

BT group Plc is a ‘Hold’ at the current price levels The Company announced its half yearly results last week, on 27th October 2016.

The CEO of the company, Mr. Gavin Patterson commented on the half yearly results,” “This is a positive set of results, both operationally and financially, and we remain on track to achieve our full year outlook. We’ve made good progress on the integration of EE and the delivery of our synergy targets. Our consumer facing lines of business have performed well, but in the enterprise space, UK public sector continues to be a challenging market. Across the group, we continue to drive cost reduction and productivity improvements. Customer experience remains a key priority, and we’re stepping up our investments in the second half of the year. And we’ll continue to invest in our ultrafast and 4G plans in 2017 and beyond. Ofcom’s consultation on the Digital Communications Review closed earlier this month; we’ve submitted our response and will continue to engage with Ofcom to reach the best outcome for the UK.” (Read more)

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Topics: Analysis
Other Insights on Related Shares: SXX.L

Sirius Minerals is Hold at the current levels. The stock finished trading on the London Stock exchange at 34.6p a share on 24th October, up by 1.48% compared to one day before. Currently the stock has been trading below 50 DMA, but just a tad above 20 DMA and 100 DMA of 37.0p, 33.6p and 29.0p respectively. In terms of technical analysis, the stock has made a slight bullish candlestick pattern called as ‘Hammer’, and the stock has witnessed a positive closing yesterday, so it might head for another breakout as well! Lately, the stock has had support at 30p as it seems stock has bounced back after taking support at 30p. The next resistance levels for the stock would be at 35p and 37p respectively. Any breakout above 37p would ensure the rally back in Sirius Minerals plc and we may see stock touching back to 50p level as well. However, there might be a few hurdles in terms of resistance levels, but in case it breaches resistance of 35p-37p, then even fresh longs can be initiated in the stock with the target of 50p and stop loss of 30p. The company has been seen correcting since August 2016 and has come down from 45p to 30p. However, it seems that the Sirius is in a consolidation mode and is ready to bounce back very soon! I would like to invest traders and investors to keep a close eye at the stock and should not miss the lucrative investment opportunity.

(Read more)

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Topics: Analysis
Other Insights on Related Shares: BWY.L, ELA.L

Eland oil and gas:

Eland Oil and gas plc have had a spectacular rally and the stock also made a high of 48p a share, 3 days back on 17th October. However, post that day, the stock seems in a correction mode and has come down from 48p to 41p in the last 3 trading sessions! The stock finished trading on the London Stock exchange at 41p a share on 20th October 2016. Currently, the stock has been trading above its 20 DMA, 50DMA and 100 DMA of 40.8p, 35.09p and 30.5p respectively. Therefore, 100DMA should likely to be a support zone for the stock and the stock might consolidate and would bounce back again. But, if it couldn’t sustain 40p as well, then a breakdown up to 35p cannot be ruled out. Thus, traders and investors are advised to keep an eye on the levels of the stock and should initiate fresh longs only if it starts bouncing back above 40p or else it’s better to avoid the stock at least for the time being. Any bounce back above 40p can take the stock back to its recent high of 48p which might again act as a resistance for the oil giant! (Read more)

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Topics: Analysis
Other Insights on Related Shares: SOLO.L
Related Shares: Solo Oil Share Price

Solo oil should be a compelling ‘Sell’’ or should be avoided for the time being. The company announced its half yearly result, last month on 14th September. The chairman’s statement on the results is as follows:

“The Company has continued to advance its portfolio of oil and gas investments in the first half of 2016 with several major milestones occurring in that period; most significantly the signing of a gas sales agreement for Kiliwani North in Tanzania in January followed in April by first gas from the project, and the successful testing of the Horse Hill oil discovery in the UK providing considerable support to the concept of a commercial discovery.  Whilst market conditions remain somewhat volatile and uncertain the Company has taken prudent measures to cut costs and to focus on the existing core assets in Tanzania and the UK” (Read more)

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Topics: Analysis
Other Insights on Related Shares: TSCO.L
Related Shares: Tesco Share Price

Tesco Plc is a ‘Hold’ at the current price levels, but the stock might also head for a small correction towards downside and will start consolidating then. The company announced its half yearly 2017 results last week, on 5th October 2016.

The company’s CEO, Dave Lewis, commented on the results of the company, “We have made further strong progress in the first half, with positive like-for-like sales growth across all parts of the Group as we re-invest in our customer offer whilst rebuilding profitability in a sustainable way.  The entire Tesco team is focused on serving shoppers a little better every day.  We are more competitive across our offer.  Prices are more than 6% lower than two years ago, availability and service have never been better and our range is more compelling.  Our new fresh food brands are performing ahead of expectations, improving our value proposition and further removing reasons for customers to shop elsewhere.  Whilst the market is uncertain, we have made significant progress against the priorities we set out two years ago, stabilizing the business and positioning us well for the future.  Today, we are sharing the plans we have in place to become even more competitive for our customers, even simpler for colleagues and an even better partner for our suppliers, whilst creating long-term, sustainable value for our shareholders.” (Read more)

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