Member Info for sheltie

The FTSE 100 is expected to make a bright start after strong gains by US blue-chips and ahead of a raft of PMI readings in Europe, the UK and US.

Spread betting companies are calling London’s lead index up by around 42 points

"Wall Street stocks were mostly higher at the close on Thursday, with the Dow Jones hitting a new high for 2023, as a winning month for stocks drew to a close.

At the close, the Dow Jones Industrial Average was up 1.47% at 35,950.89 and the S&P 500 had advanced 0.38% to 4,567.80, while the Nasdaq Composite was down 0.23% at 14,226.22". (Source: Barclays Research).

Hopefully, it will be a good follow-on day here then, for the FTSE in general . . . 🤠

I posted this two weeks ago: "to be fair, makes a perfectly valid point. This is a penny share listed on AIM - The Wild West Casino! Everyone wants a lower buy-in price, but folk shouldn't constantly be accused of de-ramping if their post doesn't suit an individual's narrative. This could be 50p next month. It could be 15p. It is what it is and will need a lot of news to prop it up, as meaningful revenue is a fair way off still. Again that's a penny share, listed on AIM for you! I am invested here (importantly, financially NOT emotionally) and am therefore interested in all inputs - both positive and negative! ATB" End -

- and this is the problem with AIM. Lots of pump and dump merchants around. I still haven't sold any shares, but I am fully aware, that this could (and almost certainly, will) fall much further - as it's 100% reliant on 'news' still. This is a very typical 'news hungry' AIM listed penny share, that generates very little / zero revenue. Hey Ho ..... or should that be "Ho, Ho, Ho"?

I have been here for just shy of 13 years now, and for the life of me, I simply cannot see what is going to 'shock' this into moving up to anywhere near 60p. It's been a shocker - even with its Dividends!! You'd be forgiven for thinking that Lloyds is some kind of cumbersome, poorly performing, low margin 1980's throwback, Utility Company - which it just isn't. It mystifies me beyond belief. It just seems totally incapable, of holding on to any of its very meagre monthly gains. Unreal.

In short, the technicals are highly Bullish. Anything can happen of course, but this is moving like a Steam Train. . . .🤓

Trading Resistance has now moved up to 267.70

In turn Resistance 1 is also up at 281.30

Resistance 2 is now 299.90

Taken at 8:35am on November 30th

Can't specify who is who, but here are the Broker Consensus Stats, which you might find helpful:

6 Months ago: 2 Sell, 7 Neutral, 8 Buy

3 Months ago: 0 Sell, 9 Neutral, 8 Buy

As at 22nd November: 0 Sell, 8 Neutral, 9 Buy

Methinks that there is a very nice trend going on there, for the last six months. They like Rolls Royce Plc!!

Cevodniya, yes they change quickly aswell, but I have found the Barclays Technicals very useful over the course of this year, in particular. Just another tool to help one decide what is a good buy or bad buy and when might be a good time to buy or sell. But I would stress, that I appreciate that the Technicals are just one of a few tools available out there, to help us with our DIY Investing!! ATB

We have Deutsche and their latest rating from today, but there have been a few others which cannot be seen above.

So, could somebody 'in the know' kindly post any other Broker Notes from 1st October, up until today, so that we can all get a more up to the minute impression? e.g Bank of America, UBS, JP Morgan (if any of them have posted more recent Target Prices) etc.? Thanks :)

Trading Resistance: £266.17

Resistance 1: £294.33

Resistance 2: £334.93

Of the 28 'Indicators'

21 are Green (positive)

4 are Red (negative)

2 are Orange (neutral)

1 is n/a

Source:- Barclays Research Centre, 29th November 2023

All saying much the same thing, I grant you - BUT really good national coverage across the majors. This will now be being picked and placed firmly on the radar, of many potential new retail investors. Excellent! 😄

Https://www.google.com/url?sa=t&source=web&rct=j&opi=89978449&url=https://www.telegraph.co.uk/business/2023/11/28/rolls-royce

Https://www.google.com/url?sa=t&source=web&rct=j&opi=89978449&url=https://amp.theguardian.com/business/2023/nov/28/rolls-royce-sell-electric-flight-division-jet-engines

Https://www.thisismoney.co.uk/money/markets/article-12801881/Rolls-Royce-boss-targets-profits-boom-Share-price-soars-four-year-high.html?ico=mol_desktop_money

And if you would like to read the article in full (taken from the 'Money' section in The Daily Mail today . . . .

https://www.thisismoney.co.uk/money/investing/article-12795433/Im-fund-manager-Bankers-Investment-Trusts-Alex-Crooke-backs-Microsoft-not-housebuilders.html?ico=mol_desktop_money-newtab&molReferrerUrl=https%3A%2F%2Fwww.dailymail.co.uk%2Fmoney%2Findex.html&_ga=2.263970319.2056838469.1701080838-1752000604.1700735191&_gl=1*xqbcg*_ga*MTc1MjAwMDYwNC4xNzAwNzM1MTkx*_ga_XE0XLFFF16*MTcwMTE3ODU5NS4xMC4xLjE3MDExNzk3MjcuMC4wLjA.

From The Daily Mail. This guy (Alex Crooke) is a Fund Manager and is asked a range of questions. Here is his reply to the one that is relevant to us here:

Question 2 to Alex Crooke - in terms of what he would invest in, if it were for the next twelve months only.....

What about for the next 12 months?

"Lloyds Bank. It's very cheaply valued. It's very unusual for the dividend yield, which is 6 per cent, to be higher than the price to earnings ratio (5x).

I don't see a bad debt issue and I expect pressure on deposit rates to ease next year. If there is any form of lending growth then the share price can rebound strongly". END

Exactly. Nothing "ouch" in that update. . . 🤠

100% as expected. That was a very strong RNS as I wrote earlier. There was certainly nothing "Ouch" or "Damp Squib" about it. A plain silly thing to write. . .RR is, as I write, currently up just under 11p. More "Outstanding" than "Ouch" in my book. ATB

I agree. Personally, I think that this is a strong update, with big ticks in all of the key big boxes. If it was poor, then I would say so, as I'm not one to be blinded by 'bias'. I like this update a lot. I trust that the Market will feel the same. . . ATB

Well with it being the penultimate day before that all-important Capital Markets Day, it will be interesting to se how RR performs. The market will open down and there's a strong chance that it will stay that way today. Will RR follow or trail a blaze?! I suspect it will be rather muted myself. Again tomorrow is not critical; just important. It's just one day, when all is said and done..

2024 and beyond, as Buzz Ligtyear would have said, is the critical bit. . . ATB