Member Info for AL75

Good results and the market is giving it a pat on the back. Now it needs to fill the gap at 280, established in Oct 2017, and then it can head to 350 and beyond.

All time high of 1742 in Jan 2022

June 2022 downtrend starts

Now significant drop on mis-selling (Expect more)

In future - stock market problems , recession etc. will lead to levels not seen since the 2008 crash (i.e. a 90% decline from the top)

Still in a downtrend even after price action since Jan 18th. Firm rejection of 30 day MA at 249 and now stands at 180 onlu just over a week later. Likely to hit 105 in the next few months.

NOTE: 105 is strong support established between Nov 2011 and Jun 2017 (almost 6 years).

Technically, BT has made an almost perfect ascending triangle since Dec 2019, but will probably break lower to head towards 95. Cost of capital and economy will be fundamental reasons, and 70p last achieved in March 2009 is not out of the question.

Since the 502 high in 2015, BT has done nothing but erode shareholder value and is still in a down-trend for now.

Price rise already baked in, with today's news expected.

From Reuters 3/1/24 at 11:43

** Shares of UK's real estate agent Foxtons Group Plc FOXT jump as much as 13% to 53p, their highest since Oct. 29, 2021

** Co finishes 2023 as the fastest-growing UK agent for both lettings and sales, according to property data and analytics firm TwentyCi

** The London-based firm saw a 36% increase in market share across the UK lettings sector in 2023 compared to the previous year; Co's market share up 28% in the UK sales sector

From a technical view:

Broke out of triangle pattern in November 2023 and is now heading for 70.

45-50 was support turned resistance from Jul 2018 to Oct 2019, but today that looks to have been taken out.

Despite a reported loss, the market is marking up the shares a by about 4%. Technically, by this time next year, they could be pushing 73p. So many REITS have wiped off billions of asset value from their accounts that this process should now be waning and accounts next year should report profits. DYOR

Breakout in August, 2 retests around 2361 and then higher from early/mid October. Today its price was helped by this, "Admiral Group Raised to Buy From Sell by Citigroup".

It's taken almost a year and a half, but it's broken resistance at 96 and is now breaking out. Possible bull run ahead and helped by an improving gold price. That to is about to break out to all time highs, but resistance is strong and it has to cope with a strong US Dollar.

Bad news out of the way, but can expect more pain to come as monetary policy works its way through the economy. If a bottom forms, then 1532 is a neckline target.

Could be the start of a reversal (and reinforced if their Chinese segment recovers). I'm slightly bullish on this one.

Negative: Could blow up like a few other property funds.
Positive: We find a cure soon and infection rate declines

The downside opinion is now real!

It's possible.

This is an opinion covering the downside. I've written it because usually only bulls post their opinions and there needs to be some balance.

Last NAV was 244. Expected revaluation downward towards 200p, and more share price weakness if Britain starts to close areas. Squeeze on retail could affect rents and therefore NRR's return, and that could translate to a dividend cut.

As Manuel might have said long ago, "Is possible Mt Fawlty".

Does this mean NRR is heading for 136, last seen in Aug 2019?

PS: Irrespective of how they insulate retail units against the market trends, a tiny virus can be devastating to a business.

Great movement to hedge against equity falls. However, this market is unavailable to open on IG :-(

Price got giddy yesterday so now comes a bit of profit taking and a retrace. Good fundamentals and if economy goes south they have a good reason for helping customers save money. DYOR

This is an inverse head and shoulders, possibly signalling a trend reversal. Too early to be bullish though.

My view on the chart: https://uk.tradingview.com/chart/W7L/AV0obhDN-Inverse-H-S-at-Warpaint-Bullish-reversal/