* Proposed changes to the capital gains tax regime likely to open the way for
Securicor to withdraw from a distribution joint venture with Deutsche Post,
without incurring a tax charge of up to 100 mln stg - FT
What a question. It really does depend on your time frame.
For me personnally (if I was following SCR), I would either buy on the break of the trendline on Friday, or be looking to enter in first thing Monday morning.
Either way I would set a tight trailing stop-loss and keep moving it up to protect profits, and be looking to sell out at 140 (most recent resistance).
If I was looking at SCR on a longer time frame, then I would be looking to buy, (now that the resistance has gone) with a stop-loss under the rising bull trend. On this basis I would be looking for a price target of 175, although this would take several month's to come through.
Barry I dont know which CG tax it concerns,its still
£100m in their pocket.
I m wandering if the hike on Friday has anything to do with them finding a buyer for their safedoor business which has been incurring them big losses.