Why has nobody spotted belter!!
Moving nicley up and up fantastic results last time round - bid poss too.
Any takers?

Bear with me skinny :0) Haven't technical nouse to include everything into one post yet, same with Elliott and Fibs to learn. (on my to do list)




Throw in moving averages 25,50 and 200DMA which can be clearly seen are going the right way. Another observation the 50DMA (green line) when SP dips and hits it has rallied the strongest.

Again MACD has been consistant, apart from June well overbought, which coincided with SP being at top of BB, dipped bounced off 25DMA and on to another higher high.

Slow Stoch, again consistant. Getting close to a top again.

RSI - Ditto, close to overbought.

Cracking chart, buy Tuesday on a dip?

Or sell on a rise today!

Well it did retrace back inside and back up again :O)

Problem at the moment is volume. Both ways. Watching.

Consolidated nicely back inside upper bollinger band as expected. Watching to see if it bounces off 25DMA or 50DMA to resume north/trend.

Well there is the bounce. Question is how solid.

Ideally, I would like to go long bang on 50DMA to make it worth while, way to go yet. May not happen of course. Still watching.

Bought a few @ 343p to tuck away. Ex Divi 22nd, final end of Dec.

Nice bounce off 50DMA with above average volume. So far so good, encouraging.

Sector not looking to bright at mo. Ex Divi today, added a few more. Looking oversold.

Back above 25 and 50DMA nice bounce after going Ex Divi yesterday. If it can close the same back on track to test highs.

RNS Number : 1895D
Marshalls PLC
23 October 2015



23 October 2015

Analyst and Investor Day and
Notice of Trading Update



Today, Marshalls plc is hosting an analyst and investor day at its Leamington Spa Street Furniture operation. No new material trading information will be disclosed.

The Board confirms that there has been no change to its expectations since the publication of its half year results on 28 August 2015. It intends to issue a Trading Update on 10 December 2015.

A copy of the presentation to be given at the visit to Leamington Spa will be accessible via the Investor Relations section of the Marshalls plc website www.marshalls.co.uk from 9.00am today.

Waiting for MACD and Slow Stoch to get a wriggle on before adding with SB.

Trading Update: 10 December 2015

Improved full year outlook driven by ongoing performance gains

Trading Performance

Marshalls' revenue for the eleven months ended 30 November 2015 was up 8 per cent at £365 million (2014: £338 million) despite strong comparatives versus the second half of 2014. The Group continues to experience robust order intake alongside encouraging sales growth in its main end markets and overall trading momentum continues to be positive.

Sales to the Public Sector and Commercial end markets, which now represent approximately 66 per cent of Group sales, were up 11 per cent compared with the prior year period. Commercial work from Water Management, Street Furniture, Rail and Newbuild Housing continues to increase and the Group continues to outperform the market in these areas.

Sales to the Domestic end market, which represent approximately 29 per cent of Group sales, were up 3 per cent compared with the prior year period. The survey of domestic installers at the end of October 2015 revealed order books of 11.2 weeks (October 2014: 11.9 weeks) and compares with 12.0 weeks at the end of June 2015.

Adjusting for currency movements, revenues from the International business, representing approximately 5 per cent of Group sales, increased by 2 per cent in the eleven months ended 30 November 2015. Due to the adverse movement in exchange rates, however, this translated to a fall of 5 per cent once converted into sterling. The Group has made continued progress in developing the International business, and the opening of a sales office in Dubai, which will facilitate further sales growth in the Middle East, is now well advanced.

Continued performance improvement has been delivered in the smaller UK businesses and revenue for the eleven months ended 30 November 2015 was up 14 per cent. The smaller UK businesses include Street Furniture, Mineral Products and Stone Cladding. The turnaround in these smaller UK businesses in the year to date is ahead of our previous expectations with a consequent improvement in profitability of approximately £1m now expected for the current financial year.

There has been continued focus and consequent improvement in working capital management.

Dividend

The 2015 interim dividend of 2.25 pence per share, announced on 28 August 2015, was paid on 4 December 2015 to shareholders registered at the close of business on 23 October 2015.

Outlook

The strength of trading in the last quarter of the year has resulted in the Board revising its expectations for the current year to be ahead of its previous view.

The Construction Products Association's Autumn Forecast predicts growth in UK market volumes of 3.6 per cent in 2015 and 3.8 per cent in 2016, which represents a slight decrease compared with the previous Summer Forecast. Notwithstanding this, the Group remains well positioned to grow organically, and selectively through acquisitions, and continues to invest in product innovation and service delivery initiatives to deliver improved trading margins and increased return on capital employed.

Good bounce up today.LATEST BROKER VIEWS

Date Broker New target Recomm.
10 Dec Numis 400.00 Add
10 Dec Panmure Gordon 370.00 Buy
10 Dec Peel Hunt 355.00 Buy
30 Nov Peel Hunt 350.00 Buy
28 Aug Panmure Gordon 370.00 Buy
28 Aug Numis 350.00 Add
6 Jul Panmure Gordon 320.00 Buy
21 May Jefferies... 340.00 Buy
20 May Numis 313.00 Add
20 May Panmure Gordon 320.00 Buy
Broker Recommendations for Marshalls

LATEST BROKER VIEWS

Date Broker New target Recomm.
11 Mar Numis 400.00 Buy
11 Mar Panmure Gordon 370.00 Buy
11 Mar Peel Hunt 355.00 Buy
15 Feb Peel Hunt 366.00 Buy
10 Feb Peel Hunt 355.00 Buy
8 Feb Peel Hunt 355.00 Add
8 Jan Peel Hunt 355.00 Buy
10 Dec Numis 400.00 Add
10 Dec Panmure Gordon 370.00 Buy
10 Dec Peel Hunt 355.00 Buy
Broker Recommendations for Marshalls