Member Info for Svend

Towers Thanks for the link great company presentation and they maintained their profit guidance of a least £ 8.5m for the full year.

Hi Kitty Sorry to differ I don't see any material difference.

''Made no allowance for the recent change in macro conditions and US markets heading for trouble!! Beggars belief actually.''

It may not be plain sailing for markets in general for the next 8 weeks but please kindly clarify and explain the trouble you foresee ahead for RR SP?

Kitty Hint Hint The dog thinks it's time for a milkshake, it seems Falky is being targeted just because he has a (positive) view on the SP while your view is not on the same alignment or on the same horizon or flight path, as a result, you may be on a direct collision course. as the saying goes 'Those who live in glass houses should not throw stones' Everyone is entitled to express their opinions. IMO GL DYOR

Rick, in order to lessen the frustration and the plague god, forbid if you kept your receipts then the next time you visited the TESCO store and you brought them with your card maybe request a refund as a valid club cardmember and explained the circumstances. It's happened to me a few times in the past after purchasing fuel but they were more than happy to add the points back onto the card.
IMO DYOR GL

Rick91 > In that case, maybe they don't need a sick back, oxygen mask or a parachute to navigate the power along with this industrial super titan. DYOR GL IMO

Bzohdan I am LTH as well and we may see the SP make lift-off soonest the USA gets to a level of vaccinations as the rest of the EU/UK and India. September is regarded as the worst month in the stock market so a lot can happen in the next 3 weeks however on the flip side end of October tends to be the best month of the year to buy so volatility is the name of the game. Would not be surprised to see a wild trading range between 94p-150p until year-end. On shorter time frames, Friday's price action turned out to be an inside day following on from Thursday dip down to the Fib 38.2 This level was held last month so the SP may have found some support only time shall tell anything can happen.
The turbulence level is next resistance at the potential double top formation arr 1.28 DYOR GL IMO

Gaddes > Guess a measured move the previous old support level @ 310-320 from March 2012 which coincides with the 50% Fib - DYOR

Owl85/moniman fully agree with your posts, US market is up by the FED. Whilst their investment players are 'living the American dream' buying the dip and making the indices going to NATH, however, since real value only exists outside their own hunting grounds they are flocking to the UK, currently on a fire sale in comparison to the US markets based on PE. Not only is a rerating of TESCO truely overdue the whole FTSE 100 which have been so out of favour since the BREXIT debacle. IMO DYOR!

Is anyone seeing an inverted Head and Shoulders formation on the long term chart frames back to 2018/19 in the play here if so neckline break out should commence back above 7ish? 'DYOR'

If/When the price of Gold takes off and passes through $ 1837.50 then Poly shall be following along DYOR

Tony, Great post I think you are spot on you hit the needle on the head Poly is taking a big spend on Capex in 2021 whilst they are going to be far less than for the average next 5 years with production on the increase this is a win-win scenario assuming all other risk factors including Price of Gold/Currency/Labour/Pandemic/Oil etc are kept within attainable levels.

Swissydog > You are spot on once the SP filters through resistance @ around 269p expect fireworks to ignate and could well propel the SP well above 300p > GLA DYOR

The Second analyst is now out the gate with SP above 300 the consensus among 17 analysts is currently 289 and rising - ADYOR

BARCLAYS RAISES TESCO PRICE TARGET TO 310 (290) PENCE - 'OVERWEIGHT'

leas - Agree 100 % it sure does the dividend on its own pays and delivers a nice meal.

moniman > fully agree reading the tea leaves expect some turbulence/resistance in the SP towards 265/70p - Fib 61.80% retracement which is also the latest old-time high in 2018 following the 2014 debacle when Warren Buffet abandon the ship and sold out once this level is fully attained again would expect the sideways range to be added i.e. estimated or forecasted target maybe region 300/330p which would bring the sp back on course to get above it's monthly 200 SMA ''IMHO-DYOR''

All very good and valid points indeed one point that stood out in the presentations today was the large capital expenditure this year 2021 followed by large & quick drops for the next following 4 years meaning amble ground for both growth of earnings and reduce debt while not interfering with the dividend payouts provided the precious market stays within it normal boundaries whilst the potential upside could be explosive should the metals markets take a shine and move to new all-time highs on the back of 'electrifications' demands and/or political instability around the world. Not to mention Fed tapering within the next 8 months..

Here comes the kick-off of the long-awaited re-ratings of the sector, first out the gate is:

JEFFERIES RAISES TESCO PRICE TARGET TO 330 (310) PENCE - 'BUY'

Back on the right road again, smashing through the speed limit 70p with some momentum. Is this the pullback completed and we move up a gear or two to the next levels 80-90?

The consensus Target SP is £ 14.40 it's been crawling upwards on very low volume since July low £ 11.12 whilst June high was £ 13.51 so needs to regain this level before getting back towards the pre covid high at £ 14.91 the earnings report is due soon on September 7

barchid > agree SP shall fly a long way north fasten seatbelts along with RR who is just waiting for permission for the US long haul routes flights to reopen and SP sitting on the runway more or less on standby and ready for take-off IMO