Patience has started to pay off. I have been averaging into this ETF for a while - especially when we saw the re-test of the inverse h&s neckline. The bull flag has finally broken higher and will target new all time highs - will hopefully see 31/32 region. Currently largest % holding in my portfolio and happy with current allocation.
In this idea I’ll be covering two valuation metrics the PEG ratio and the income yield here is the PEG ratio:
The PEG ratio (price earnings growth ratio): This is another very popular ratio and it is calculated by dividing the share price by the product of the eps and the annualised eps growth rate. There are many different types of PEG ratios, and the annual...
Following a break of the medium term downtrend (from recent peak), last week saw the break of the 50 and 200EMA, then 2 days ago a small sell off and retouch of both, followed by a reversal suggesting a continuation of the recent new uptrend.
MACD still positive and RSI still rising on the daily chart.
Position ahead of trading statement on 7 Sept, which follows...
The P/E valuation metric: This is by far the most popular valuation and it is simply dividing the market cap by net income (for the year), it can also be calculated by dividing the share price by eps, the lower the p/e the better, as you are having to pay less for the earnings. Generally, a company is considered expensive with a P/E of over 30 and cheap with a P/E...
Interesting share price action on Jet2. We have earnings being reported in just under 3 months, perhaps we shall see a return to a higher price as Covid measures are eased and international travel becomes more fluid. Fortunately for Jet2 they only operate in Europe which is a more stable marketplace and hence I can see a return to £13.50 in anticipation of good...
HOLLYWOOD BOWL Tip: STRONG BUY Current price: 239.00 Target price: 302.72
Bullish points: - Net cash
- Staycation likely to remain a theme
- Return from lockdown likely to cause spending surge
- Consistent profit growth pre – pandemic
- Consistent dividend growth pre – pandemic
- Record start to 2020
- Non – reliant on acquisitions to...
Along with the Marks and Spencer Plc, one of the UK names I've been looking at it Rolls Royce Plc. Below are the key drivers as noted last week.
Rolls Royce Plc (Industrials, LSE)
- Recent earnings: back in profit
- Sideways channel, potential to break up
- Potential gap close at 182.00
- Price basing above 200-day
- 2-tier trend line play
- Long above 116.00
-...
Simply put, that fight for a big share of the engine market has been extraordinary costly – but it is now won.
#RR. has finally reached 50% market share for wide-body engines, a milestone that consolidates its outlook and should see significant growth in share price.
'Its defence and power arms now each account for roughly a third of the whole and the former in...
FERREXPO Tip: SPECULATIVE BUY Current price: 353.60 Target price: 450
Bullish points: - Lowly shares valuation
- Strong balance sheet
- High iron price
- Premiums paid on pellets likely to increase with stricter emission standards
- Strong ESG credentials
Bearish points: - Iron prices could fall back down to Earth
- Shareholder has a controlling stake
- Major...
IAG - Next major support @ 142. Target would be around 190 is the stock breaks out of descending parallel channel
I recommend long position @ 142 if a strong bullish candle is formed
