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YouGov - Correction over, new highs expected.Buy YouGov (YOU.L) YouGov plc is a United Kingdom-based international data and analytics company. The Company’s suite of products and services is made up of syndicated data products including YouGov BrandIndex and YouGov Profiles and data services including YouGov Omnibus and YouGovCustom Research. YouGov BrandIndex is a daily brand perception tracker. YouGov Profiles is its planning and segmentation tool. YouGov Omnibus finds out people's opinions, attitudes and behaviors. YouGov Custom Research conducts quantitative and qualitative research. The company has 35 offices in 22 countries. Market Cap: £546Million YouGov is trading in a fantastic long-term uptrend. The shares have recently corrected from fresh all-time highs at 616p and appear to have found some support at the uptrend support line. The shares are on the move higher today, the close above the 10EMA could be a sign that the corrective move lower has come to an end and that further upside can be expected over the medium to long term. We are targeting a move to fresh all-time highs at 700p. Stop: 504p Target: 700p Interested in UK Small Caps? Join our free Telegram channel for up to date analysis on the best small-cap opportunities in the UK right now. t.me
LSE:YOULong
by Investamate
Up Global Sourcing Holdings PLC (LSE:UPGS) - ISA Long/MediumUp Global Sourcing Holdings PLC (LSE:UPGS) Sector: - Consumer Cyclicals (so volatile with the market) How found: - Screener for possible growth stocks using a Greenblatt approach, based on the book “little book that beat the market”. Also searching for consumer cyclical affected by Coronavirus. Company Background: - Incorporated April 2005, listed March 2007. UP Global Sourcing Holdings plc is a United Kingdom-based, develops, designs, sources and distributes a range of consumer products, focused on 6 product categories: small domestic appliances (SDA), housewares, audio, laundry, heating and cooling, and luggage. Its owned brands include Beldray, intempo, Constellation and Progress, and its brands under license include Salter and Russell Hobbs. It also offers products under brands, such as American Originals, George Wilkinson, Giles & Posner, Inspire, Portobello, Prolectrix and ZFrame. Ratios: - Div yield 6%, Div cover 2, Operating margin 7%, ROCE 75%, sect is twice net profit, so manageable. Rough Technical: - The last year it has traded between 68p and 100p at its peak. Recent supply concerns have impacted the share price presently 60p. The management have stated that they have managed supply through previous viral outbreaks in China. I don’t personally see it dropping much past 60p as this is near the forecast balance sheet value (55.5p). Liquidity: - Average 3-month share volume 103K, this is below my threshold (120k). Though I can pass this is the other factors indicate an opportunity. 29% of the shares are in the “open market” (so you are along for the ride) the remaining are held by 4% holders and above. The largest is Simon Showman (22%) COE and co-founder, followed by Schroders (17.5%), Andrew Gossage MD 9.8%, followed by other directors and Ennismore fund. So the people running the firm have “skin in the game.” Brokers Opinion: - one broker opinion has UPGS marked as a sell. Bankruptcy warning filter marks this stock as of little concern. Spread: - 92bps below my threshold of 400bps. Looking at the Level 2 this morning, small investors seem to be using this as a buying opportunity judging by the size of buy orders. Beta: - In the last month it was 1.94 so reactive. Volatility in the last year has been 72% Accounts: - Cashflow, generally slightly positive, operations generate around £6M a year. Turnover is 123M (07/2019), GP £27M, OP £8.8M. Balance sheet current assets are £10M greater than total liabilities, so reasonably sound. Main Risks: - Consumer cyclical business, so subject to macroeconomics, exposure to Chinese supply chain. Main Favourables: - The team have “skin in the game”, The team have traded through past supply chain disruption. Market sentiment presents a buying opportunity of a reasonably good quality stock at a good value price. Declaration: - I have no holding at present but considering adding to my ISA as a long-term hold, or medium-term at worst. I am watching to see how the price moves over the next couple of weeks, with a limit order set at 55p. Stop loos will probably be at 49p with a get out quick at 52p (if things look bad).
ULong
by OldManFit
Walker Greenbank PLC (LSE:WGB) - ISA Investment - Long-termSector: - Consumer Cyclicals How found: - Filtering for stocks like Lord Lee of Trafford’s recommendations (he was the first ISA millionaire). Company Background: - Incorporated May 1899 (yes, old co.) public since Jan 1986. Walker Greenbank PLC is an international luxury interior furnishings company that designs, manufactures and markets wallpapers and fabrics together with a wide range of ancillary interior products. Brands are Sanderson, Morris & Co., Harlequin, Zoffany, Scion, Anthology, Clarke & Clarke and Studio G (to the uninitiated you’re talking £200+ per roll of wallpaper etc.. High quality at a price that reflects it). Ratios: - PE 8.2 (on future earnings) ranks first in PE for the industry (9) in household goods market on LSE, Div yield 3.5-4% with Div cover of 2-3 times. Rough Technical: - The last year has been rocky with a 12-month range between 55-92p. Relative strength to the market 12m - -20%, 6m – 15%, 3m – 1%, 1m – 15%. Yep underperformed, a has been hit by the Coronavirus fear in the market in the last month, which presents an opportunity if that fear is unjustified. Liquidity: - Average daily volume over 3 months is 61k, this is below my threshold (£120k), so price discovery and getting out of the share isn’t as easy as it could be. 55% of the shares are held by holders below 4%, 45% is held by 4%+ the largest holders being funds Octopus (11%), Schroders (14%), Ennismore (10%), Fidelity (10%), and others. Directors have some “skin in the game”. Brokers Opinion: - 4 brokers cover the share, 2 have it as hold or strong buy. Target price is 97p – 35% above the present price. Spread: - 278ps, so within my threshold of 400bps. Beta: - beta is 0.490, so volatile in relation to the market. This time last year it was 0.05. Accounts: - Turnover has had a yearly growth of 7.63% over the last 5 years, though profitability has been some what flat at £5M, forecast next year £6.3M. Net cash position has been bumpy in the last 5 years ranging from -£8M to +£5.7M (2019). Year end result due soon. Balance sheet has been around £100-95M range for the last 3 years, so the asset position is greater than the market Cap by £50M ish. Main Risks: - Updates in last year, “in line with expectations” “trade challenging” – so things might be not moving upward. Share price drop since 31st Jan – trade updates always pre-leak. Main Favourables: - New CEO in last 18 months, 4% dividend, no excessive debt Declaration: - No interest at the moment, this is one of the riskier investments. Support is around 70p, so I am looking for an entry below this due to the speculative aspect of the company. I am going to put a stop loss at 10% below entry price. I might just wait for the trading update, before entry (year end is 31st January).
WLong
by OldManFit
M & G PLC (LSE:MNG) - Long-term hold ISAM & G PLC (LSE:MNG) Sector: - Financials How found: - Looking for companies under 10 years old, strong dividend pattern and dividend cover with PE below 10, just to see what would be thrown up for further analysis. Company Background: - M&G is a UK based investment and savings company, it invests on behalf of others under the brands Prudential and M&G Investments, customer based is local and international. M&G was spun out of the Prudential in October 2019 and share price has increased 14% in last 3 months. Initially the Prudential shareholders received M&G shares and sold these early on after the rise in price, hitting the price. Ratios: - PE 8.8 (on future earnings) ranks 11 out of 65 in this industry, Dividend Yield 6-7% (estd), Dividend Cover 2.5(estd), Operating Margin 14%, Market Capital £6bn (Jan 2019), Relative Strength 3m 8%, 1m 1.8%. Rough Technical: - This share has only recently come to market in October 2019. Opening price was 201p highest has been 251p. Today 247p. Liquidity: - Average daily share volume over last 3 months unavailable currently, trading today is 1.6M (1300), well within my threshold of liquidity. 62% of the shares are held by shareholders holding below 2%. The remaining 38% of shares are held by Capital International 10%, BlackRock 6.6% and other large funds holding portions from 5% to 2%. Brokers Opinion: - No broker opinions as yet, but the target price is 280p (15% above todays price). Spread: - spread 8bps, very good. Beta: - positive against the market, but company to young to calculate. Accounts: - Expect turnover and figures to be good. Main Risks: - Young Company. Main Favourables: - Getting in at the ground floor of a well-run company, dividend yield is expected to be good in the next 2 years market expects 10% as special dividends . Declaration: - No Interest in this share presently, will be placing in my ISA for a long-term hold, hoping for a good entry price around 235-240p.
LSE:MNGLong
by OldManFit
Strix (LSE:KETL) - ISA Investment Long-termStrix (LSE:KETL) Sector: - Industrials How found: - Strix appeared in a steady dividend filter and momentum filter, it’s a steady away company no Star or YOYO – more a Clydesdale Horse. This is a long-term hold. Company Background: - Incorporated July 2017 (though has been around as an organisation since the 1950’s), makes kettle controls (main market) and other products Aqua Optima (opportunities for this in China) and Tommee Tippee products. The kettle control section includes any sort of water and heat control in domestic and industrial settings. More here just Google – “Strix: the Super Stock mid cap with a moat” - This is a boring company with a long history in hot water and control and is a world leader in this area. Ratios: - Market Cap £345M, PE 12, Div yield 4%, Relative market strength 1yr 19% - 6m 7.6% - 1m -2.%. Rough Technical: - The share price has displayed steady growth over the last 5 years, but nothing outstanding. In the last 6 months it has traded between 158p to 200p – presently 185p. Presently the 10-day MA is trading just above the 50-day MA, I am looking for an entry at 175-178p. Liquidity: - Average volume over 3 months is 550K, so good liquidity in the shares. 54% of the shares are held by investors below the 5% holding. The main investors above 5% (largest holding 6%) the major funds. Brokers Opinion: - 5 Brokers have this share as a strong buy, with one as a buy. Price target is presently 216p (19% above price). Spread: - spread 22bps, which is good. Beta: - positive against the UK market performance for scopes of 5yr, 1yr, 6m, 3m. tracking market in last month. Last 5 days behind market, due to Coronovirus concerns affecting the new factory in China and hitting production. This makes a buying opportunity for this “boring company” that is entering the Chinese market. Accounts: - Turnover has steadily grown at 4.5% annualised over the last 5 years (steady away). Operating profit has been static at £20-24M at an annualised margin of 29%. No real debt and a cash balance of £13M. It’s been cash generative, with investment in the new Chinese factory taking some cash in the last 2 years. Balance sheet is strong with 12% in cash. Main Risks: - Chinese expansions and changing fluid rules in China, RMB exchange rates, IP security in China Main Favourables: - Strong patent list, Chinese market opportunities, good track record for being boring steady away company. Declaration: - No holding yet, looking at ISA investment and entry at 175-178p (but I think it will end up being 181p) with initial SL at 150p.
LSE:KETLLong
by OldManFit
Anexo Group PLC (LSE:ANX) - ISA Investment?Please note on TradingView the chart shows the firm has been listed longer than July 2018, I think this is a "ghost in the machine". Sector: - Industrials (?) Legal Accident Managment Firm How found: - Anexo keeps cropping up in my various feeds and forums from time to time. Looking at the chart it has been a steady rise in share price since inception. Company Background: - Incorporated Mar 2018, public since Jun 2018. 411 employees. Basically, if you have a car/bike accident (no fault claimants and whom are impecunious (no-money)) Anexo will handle the full process, including injury claims. There are two parts of the firm the lawyers (Bond Turner) and Edge (Vehicle Hire, they have been criticised for charging £250+ car hire daily charges). Recently expanded from Liverpool to Bolton and Leeds. More at anexo-group.com/archive/presentations/capital-markets-day-nov-2019.pdf The company only accepts “no fault claimants” this improves the odds of a successful claim and profits (half fail this test). The main claimants are accident victims who do not have the cash available (impecunious) to hire a car and fund a repair, argument with the insurance company, effectively Anexo funds the process. The process can be long up to a couple of years before pay-out. Clients are sourced via referral from garages and accident repair centres (not from insurance companies). Ratios: - PE 2.4 (on future earnings), Dividend Yield 1.38%, Dividend Cover 6.7, Operating Margin 27.2%, Market Capital £200M (Jan 2019), Relative Strength 1y 36%, 6m 1.9%, 3m -8%, 1m 2.5%. Rough Technical: - This share has only recently come to market, in the last 12 months it has traded 115p (until April 2019) up to 200p (Nov 2019). There was a large sell off of the shares between the 6-16th November 2019 (no sure why). Liquidity: - Average daily share volume over last 3 months is 50K, this is below my threshold rule of 120K. Basically the main holders of the shares are the Directors holding 78% of the shares and various other funds holding the remaining shares. I have found it difficult to access how many shares are in the publicly available float; though not many when you consider the transaction volumes. Last Directors dealings were July 2018 for purchase of £20k of shares. Brokers Opinion: - Arden Partners and Progressive Equity Research have the share as a strong buy with a price target of 345p ( 185p Jan 2019), so 90% above the present price. How do they calculate these prices, baffling. Spread: - spread 386bps, near my personal limit. Beta: - positive against the market, but company to young to calculate. Accounts: - Turnover at 1H (split 60% repair / hire and 40% legal) Turnover rapid increase over recent period with 1H up 55%, and projected turnover of £78M December 2019E with around 30% operating margin. EPS growth of 19.6%. Turnover is recognised on settlement, so reasonably prudent. There are other figures I have seen, but it is too early to put too much reliance on these to predict the future. Main Risks: - Cash-flow management – the pay-out times on cases seem to be up to 2 years, so working capital management is a risk, you need enough cash in the bank to fund the debt pipe. A recent IPO raised £25M (target £45M), so the market sees risk. New to market with low liquidity of shares, so price discovery is difficult. Main Favourables: - Sales recognition appears to be sensible. Declaration: - No Interest in this share presently, was thinking per the title re my ISA investment account – but more likely to have a small holding via spread bet (as easier to control the risk). I presently feel due to the lack of liquidity, new to market that I cannot calculate a fair price. RSI is 64 so might be pull back yet. Plus as with Burford Capital these legal type businesses can have volatile share prices for obvious reasons. Lots of recent articles on the net on this share, so have a gander. So I will probably monitor the share and come back to review at a later date.
ALong
by OldManFit
ScS (SCS) - Long-Term Hold for ISA - 7% DivSCS Group PLC – SCS Sector: - Consumer Cyclicals How did I come across it: - I was also looking for firms that may benefit from the up tick in estate agent enquires and their outlook reported in the FT 16th January 2020 (Estate agents eye better times but Brexit could still dampen market). I then filtered for dividend stock with a low PE, dividend history, dividend yield above 5%. Since it could be going in my ISA. If people buy a house, they invariable need new furniture. I have bought from them in the past, service was good. Company Background: - Incorporated in Oct 1996 (24 years), public since Jan 2015. SCS is engaged in the provision of upholstered furniture and flooring. Specialises in fabric and leather sofas, including brands Endurance and SiSi Italia; plus a range of third-party brands, including La-Z-Boy, G Plan and Parker Knoll. The Company operates 100 stores nationwide along with an online sale and also has approximately 10 distribution centres in the UK, plus concessions in House of Fraser (30 stores). Ratios: - PE 9.7 (on future earnings), Dividend Yield 7%, Dividend Cover 1.6, Price change 4.45% 1 Yr, Operating Margin 4.4%. No debt. Market Cap £90M (Jan 2019). Relative strength 2.8% 1m 6.4% 6m and -5.38% 1yr, so has picked up. Rough Technical: - In the last year it has traded between 210p and 265p, after the annual results (July 2019) the share price rose over 4 weeks to 260p and pulled back due to Brexit concerns, it now sits at 238p (Jan 2019). Since the UK general election (12th December 2019) it has risen 5%, but not the sort of rise that the house builders received (10-15%). Though it is in a similar industry. Liquidity: - 41M shares issued, 25% are held with shareholders below 3% holdings, so roughly 10M active. The main shareholders holding 74% are Sun Capital 26%, Artemis 11%, M&G 8.6%, and 6 others above 3%. Average volume over 3 months is 135K (above my 120K threshold). In the past the type of institutions holding these big holdings dictate the dividend policy, hence the high dividend yield history. Brokers Opinion: - 1 hold and 3 buy, with a target price at 235p (below the present 238p price) it depends how old this price target is though and if sales pick up after Brexit. Spread: - 168bps Beta: - 0.51, so not overly volatile compared to market, and not a high flyer, more steady away. Accounts: - The board has said trading in line with expectations, this in my opinion is board speak for doing OK, but the industry is struggling. If this continues then I would expect a revision to dividend policy. Though this struggle in the past could be due to the uncertainty of Brexit putting off purchase decisions. Cash-flow generally over the last 5 years net cash-flow is around half operating net cash-flows, so the company has built up a cash pile of £50M. Sales have flat lined against inflation for the last 3 years (Brexit Uncertainty?) at around 317M (2019), Net Profit has been £9-10M for the last 3 years. Balance sheet is strong, with no debt. I couldn't find anything alarming in the accounts and financials indicating bankruptcy risk. Main Risks: - Operating level, House of Fraser (was bought by Sports Direct (now Frasers)) so sales might be impacted. Economic outlook, though the uptick in estate agency enquires is a boost. Dividend cover, it's below 2 and failure to increase performance will affect it at some point. Main Favourables: - Dividend Yield 7%, Reasonable PE 9.7, Share price isn’t too volatile. Trading above 200 and 50 day MA since 24th Dec ember 2019.We all need sofas and furniture. Declaration: - No interest at the moment, looking at holding this long-term for dividend income. Aiming for a limit entry around 230-232p. It’s no star or YOYO, but a Clydesdale horse – steady away.
SLong
by OldManFit
Rockrose Energy (RRE) - Long-Term ISA Investment ProposalSector: - Energy How Did I Come Across It: - Basically the forums and it was recently the most popular pick for 2020 stocks in a Stockopedia competition. Background: - Incorporated Jul 2015, public listed Jan 2016. Rockrose Energy PLC is a United Kingdom-based oil and gas production and infrastructure company. The Company focuses on onshore and offshore production opportunities and infrastructure projects. Its subsidiaries include Marathon Oil U.K. LLC and Marathon Oil West of Shetland Limited. RRE buys old fields that are not economically wanted by the big Oil companies, this doesn’t mean that they are no longer profitable though. So, RRE is taking on the decommissioning obligations too Decommissioning, as of 31 March 2019, total decommissioning obligations were estimated at £456.9m for UK assets and €115.8m in respect of Dutch assets (on a post-tax basis). Market Cap is £292M, so buyer beware. Ratios: - Share price has risen 220% in the last 12 months. The PE is 2.3 based on future earnings, but a more sober 7 on trailing 12 months. Only one dividend Oct 2019 at 2.6% yield and div cover of a sensible 4.29 times. Operating margins are 15% which is good for the industry. Rough Technical: - Since the good financial reports of Jul 2019 the share has been trading in the £17-£20 range. Support is around £16.80 and resistance was £20. However, since the 14th January 2020 when it was posted as the most favoured share to rise in the Stockopedia competition (stockopedia dot com/challenge/top-picks/), it has broken this resistance line. Trading volumes weren’t huge but it was a maintained demand over a few days. Liquidity of Shares: - Average volume for the shares was 56K over three months, this is below my personal liquidity trap value of 120K: though there is demand now. 39% of the allotted shares are in the open market with holders below 5% holding. The Directors have skin in the game holding 33% of the shares and various funds holding a further 28%. Brokers Opinion: - Two brokers have the share as a buy Hannam and Cantor Fitgerald. Target price is £39.34, which is very interesting. Spread: - around 45bps Accounts: - it’s a young company so not a lot of track record. Turnover this year should be 20% up on prior and profits up 28% from analysts’ forecasts. Cash flow – it is cash generating and this is being used to finance new purchases (though be aware of the decommissioning costs), so in the growth phase, not a lot to go on apart from no debt. Balance Sheet is presently £546M (£360M 2017). Overall the numbers look good, though the Z-score is classed as cautious. Main Risks: - Popularity over substance, when a stock gets popular it gets risky to the point where the numbers don’t add up. The share price has been very frothy of late, the trailing 12 month PE is a sensible 7-9 depending on which figures you use. Decommissioning costs in excess of the market capital and the asset values. Main Favourables: - The forecasted PE of 2.3 on forecasted 2020 earnings. No debt. Declarations: - No interest in the share at the moment, though I am proposing the add it to my ISA long-term, but I am waiting for the short-term speculators to move on first and feel an entry price of £17 is my safest bet, so that I am not buying due to fear of missing out on a bargain. A similar stock to compare RRE to is EnQuest (ENQ) which compares favourably as an alternative. As always I am still learning the technicals side and I am always open to discussion regarding entry points etc..
RLong
by OldManFit
Sylvania Platinum (SLP) - Proposed Long-Term HoldIndustry Sector: - Basic Materials How did I come across it?: - I was performing research on Hybrid car market and then came across Rhodium (it’s a platinum group metal). Platinum's main use is in diesel vehicles, whereas palladium tends to be used in petrol engines. But rhodium is the most effective catalyst for nitrous oxide (N2O) emissions in petrol engines, as much as seven times more effective than palladium. There is no substitute for rhodium, prices have risen from $2500 to $7950 last year. Background: - Sylvania Platinum incorporated in Aug 2010, public company since Mar 2011. SLP is a producer of platinum, palladium and rhodium (13%). Its mission statement is to be the leading mid-tier, lowest unit-cost, platinum group metals (PGMs) mining company. It appears to be a stable small cap (market Cap £118M) operator with an operating margin of 28-30% which is good. All of the Group’s assets are situated in various locations across South Africa’s Bushveld Igneous Complex (BIC), which is the world’s richest source of PGMs. (This bit is the main risk due to political uncertainty in SA, but money and jobs talk.) For FY19, turnover increase some 12% and net profit by 66%, though this dose seem to be the trend since 2014, increasing activity and profit. The shares presently (Jan 2020) trade at 4.7 times PE, which makes the stock look good value. Debt is zero, strong cash-flow, and the stock appears relatively cheap compared to others in the same sector (basically 6th out of 54 companies for the PE of cheapness) Rough Technical: - The share price has been on a steady rise since 2012 18p to 43p (Jan 2020). An all-time high of 45p in Feb 2019. Support is between 33-36p with resistance around 41p which it has recently passed, next level is 45p. Liquidity of Shares: - Average volume over 3 months is 1.4m shares, way above my threshold of 120K. Only 23% of the shares are in owned by holders holding below 5%, so you are along for the ride. The big holders are Africa Asia Capital 20% M&G 19%, and Fidelity International 9% - so some big players. The Directors have skin in the game, though these are mainly through exercise of options or warrants. Brokers Opinion: - 2 brokers (WH Ireland and Liberium) that have flagged the shares have them as a strong buy, with a target price of 49p. Dividends: - First dividends were in 2018 and 2019 is at a 1.7% yield with expectations for this to increase to 5% next year. Dividend cover is at 6.3 (my threshold is 2). Spread: - This tends to be 0.5p Accounts: - It is still a young company in a growth phase, fiscal year ended 30 June 2019, Sylvania Platinum Ltd revenues increased 12% to $70.5M. Net income increased 66% to $18.2M. Revenues reflect an increase in demand for the Company's products and services due to favourable market conditions. Net income benefited from Write-off of property, plant and equipment decrease from $427K (expense) to $0K, General and administrative costs - decrease of 61% to $136K (expense). Balance sheet looks strong for the company standing at $153M 2019, also no debt. Main Risks: - The main risks from my perspective geographic location (political risk), litigation involving Sunamcor (though this is over 12 years old) and power outages that have been suffered to the load-shedding process. Electric car market (though PGMs could be used as a cobalt, nickel replacement, though probably unlikely.). Main Favourables: - PE ratio makes it a value share. Proposed increase in dividends for 2020, no debt, strong sales growth and good operating margins. Declarations: - No interest in the share at the moment, though I am proposing the add it to my ISA long-term. Looking to buy at around 40p, SL at 34.8p.
LSE:SLPLong
by OldManFit
Whitbread - Premier level to get inn? (Sorry!)Buy Whitbread (WTB.L) Whitbread PLC is a United Kingdom-based company, which owns and operates hotels and restaurants. The Company is organized into a single business segment, Premier Inn. Premier Inn provides services in relation to accommodation and food both in the United Kingdom and internationally. Market Cap: £6.38Billion Whitbread moved sharply higher on the result of the election before Christmas as the price gapped higher. The shares have corrected lower in recent days to close the gap at 4654p and fresh buyers emerged. The shares are now breaking higher from a flag/pennant pattern on the daily chart, which suggests a continuation higher will be seen in the short term. The formation has a measured move target at 5940p, which is roughly 24% above the current price. Stop: 4550p Target 1: 5100p Target 2: 5940p Target 3: 6680p
LSE:WTBLong
by Investamate
Travis Perkins - Supplying profits and building accounts?Buy Travis Perkins (TPK.L) Travis Perkins plc is a United Kingdom-based product supplier to the building, construction and home improvement markets. The Company operates through segments, which include General Merchanting, Plumbing & Heating, Contracts and Consumer. Market Cap: £4.07Billion Travis Perkins has completed an inverse head and shoulders bottom pattern on the weekly chart as prices advanced above 1495p. The shares gapped higher on the outcome of the general election in the UK, rising sharply towards 1841p. The shares have consolidated in recent weeks to close the gap created at 1544.5p and we have now seen a break higher from a wedge pattern. This suggests there will be a continuation higher in price over the coming days and weeks. Stop: 1495p Target 1: 1830p Target 2: 2000p Target 3: 2330p
LSE:TPKLong
by Investamate
Morgan Advanced Materials (MGAM) - Continue higher expected.Buy Morgan Advanced Materials (MGAM.L) Morgan Advanced Materials plc, formerly The Morgan Crucible Company plc, is a United Kingdom-based engineering company. The Company is engaged in advanced materials science and engineering of ceramics, carbon and composites. The Company's segments include North America, Europe and Asia/Rest of World. Market Cap: £889.21 Million Morgan Advanced Materials broke out of a bottom pattern back in November 2019 above 283p and the price went on to reach 339p very quickly. We have seen some evidence of the price begin to consolidate within a flag/pennant pattern. The shares appear to be on the verge of completing the pattern, which should lead to a continuation higher over the short to medium term. The ultimate target is at 424p, which is roughly 35% higher than the current price. Stop: 292p Target 1: 365p Target 2: 400p Target 3: 424p
LSE:MGAMLong
by Investamate
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BT Group - Filled the gapBuy BT Group (BT.A.L) BT Group plc is a communications services company. The Company is engaged in selling fixed-voice services, broadband, mobile and television products and services, as well as various communications services ranging from phone and broadband to managed networked information technology (IT) solutions and cyber security protection. Market Cap: £18.96Billion BT has broken out of a channel pattern on the daily chart. The shares recieved a boost following the Conservative win in the General Election and the shares gapped higher. We have now seen that gap get filled, which should attract fresh buying interest. Stop: 181.6p Target 1: 212p Target 2: 230p Target 3: 265p
LSE:BT.ALong
by Investamate
Ibstock - Building momentum brick by brick.Buy Ibstock (IBST.L) Ibstock plc is a United Kingdom-based company, which is engaged in manufacturing of clay bricks and concrete products. The Company's segments are the UK and the US. The Company's principal products include clay bricks, brick components, concrete stone masonry substitutes, concrete fencing, pre-stressed concrete products and concrete rail products. Market Cap: £1.01Billion Ibstock shares are trading in a short-term uptrend, which topped out around 265p. The break of resistance at 239p was met with fresh buying interest before profit taking set in. The corrective move lower in recent days has seen the shares retest the breakout level at 239p. A bullish flag/pennant pattern has also formed, which suggests higher price will be seen in the short term. The first target is the resistance at 266p, with the ultimate target up at 305p. Stop: 235p Target 1: 266p Target 2: 275p Target 3: 305p Interested in UK Stocks? Join our free Telegram channel for up to date analysis on the best main market opportunities in the UK right now - t.me
LSE:IBSTLong
by Investamate
Ferguson - Turning up the heatBuy Ferguson (FERG.L) Ferguson PLC is a distributor of plumbing and heating products. The Company operates through seven business units: Blended Branches, Waterworks standalone, HVAC standalone, Industrial standalone, Fire and Fabrication, Facilities Supply standalone and B2C e-commerce. Market Cap: £15.35Billion Ferguson is trading in a bullish long term channel. The shares are trading just below all time high and there is no sign of the momentum slowing. The small corrective move lower in recent days has attracted buying interest and a move to new highs is expected. Stop: 6545p Target 1: 7200p Target 2: 7600p Target 3: 8000p Interested in UK Stocks? Join our free Telegram channel for up to date analysis on the best main market opportunities in the UK right now - t.me
LSE:FERGLong
by Investamate
Convatec - Chronically undervalued?Buy Convatec (CTEC.L) ConvaTec Group PLC is a United Kingdom-based medical product and technology company. The Company focuses on therapies for the management of chronic conditions, including products used for advanced chronic and acute wound care, ostomy care, continence and critical care and infusion devices used in the treatment of diabetes and other conditions. Market Cap: £3.79Billion The recovery over the medium term continues as the shares trade in a sequence of higher highs and higher lows. The recent corrective move back to the trend line has attracted some buying interest. The formation and break of a small wedge is also an encouraging sign that we can expect a continuation. There is an unfilled gap at 223p to target on the upside. Stop: 181.6p Target 1: 211p Target 2: 222p Target 3: 240p Interested in UK Stocks? Join our free Telegram channel for up to date analysis on the best main market opportunities in the UK right now - t.me
LSE:CTECLong
by Investamate
Barclays - Heading higherBuy Barclays (BARC.L) Barclays PLC is a global financial service holding company. The Company is engaged in credit cards, wholesale banking, investment banking, wealth management and investment management services. Market Cap: £29.60Billion Barclays appears to have completed an inverse head and shoulders bottom pattern back on the 11th of October 2019. The shares continue to hold up well as a Conservative win at the upcoming election remains the most likely outcome. the medium-term target is up at 200p. Stop: 163.65p Target 1: 181p Target 2: 193p Target 3: 200p Interested in UK Stocks? Join our free Telegram channel for up to date analysis on the best main market opportunities in the UK right now - t.me
LSE:BARCLong
by Investamate
SSE - Electrifying potential gainsBuy SSE (SSE.L) SSE plc is engaged in producing, distributing and supplying electricity and gas, as well as other energy-related services to homes and businesses in Great Britain and Ireland. Market Cap: £13.35Billion SSE broke above resistance on a move above 1237p back in October. The shares have since corrected to retest the new support and now appear to be attracting fresh buying interest. The close above the 10EMA and the completion of a bullish flag suggests that more upside is likely in the short term. Stop: 1223p Target 1: 1330p Target 2: 1477p Target 3: 1625p Interested in UK Stocks? Join our free Telegram channel for up to date analysis on the best main market opportunities in the UK right now - t.me
LSE:SSELong
by Investamate
Bellway - Building momentumBuy Bellway (BWY.L) Bellway plc is a major UK residential property developer based in Newcastle upon Tyne. It is listed on the London Stock Exchange and is a constituent of the FTSE 250 Index. Market Cap: £3.9Billion The medium-term trend is bullish on Bellway. The shares have corrected lower in recent weeks and appears to have found some support at 3125p. There was strong move higher in yesterday’s session and further upside towards resistance at 3710p is expected in the short term. Stop: 3078p Target 1: 3600p Target 2: 3710p Target 3: 3800p Interested in UK Stocks? Join our free Telegram channel for up to date analysis on the best main market opportunities in the UK right now - t.me
LSE:BWYLong
by Investamate