1. Exit Case: Airtel Africa PLC

Airtel Africa PLC (LSE: AAF) is a FTSE 100 company specializing in telecommunications and mobile money services, with a strong footprint across the African continent. The company operates in 14 countries, primarily located in Central, East, and West Africa. Established in 2018, Airtel Africa is headquartered in London, United Kingdom.

AAF has been a part of the ‘Growth Model Portfolio’ since 12 September 2024, however, considering the recent rally, trading above resistance levels in the stock, support & resistance levels, and ~30.58% upside from the entry price, an ‘Exit’ is recommended from the stock near the resistance of GBX 146.90, (as of closing market price of 13^th February 2025).

Airtel Africa PLC (LSE: AAF) is a part of Kalkine’s Growth Model Portfolio, has breached its resistance level around which an exit case emerges.

1.1 Support and Resistance Summary as provided in our last published report dated 12 September 2024.

1.2 Airtel Africa PLC (LSE: AAF)  

 One Year Technical Price Chart (as of 12 February 2025). Source: REFINITIV, Analysis: Kalkine Group

2. New Entry Case: Serco Group PLC (LSE: SRP)

Serco Group PLC (LSE: SRP) is an FTSE 250 index listed company, which provides public services across defence, justice & immigration, transport, health and citizen services.

Technical Analysis: On the daily chart, Serco Group's stock is trading at GBX 160.20, showing a steady upward trend after recovering from recent lows. The RSI at 63.80 indicates bullish momentum, though nearing overbought levels. The stock is forming higher highs and higher lows, suggesting continued strength if it holds above GBX 176.20, & A breakout above that could open room for further gains, with the next resistance around GBX 196.00. Overall, the technical setup remains positive, with sustained buying interest supporting the uptrend. The key support for the stock is at GBX 144.50, while the critical resistance level is at GBX 176.20.

Considering the above mentioned factors, technical analysis, support & resistance levels, key risks and outlook an ‘Entry’ is recommended in the ‘Growth Model Portfolio’ at the closing market price of GBX 160.20, as on (12th February 2025).

Serco Group PLC (LSE: SRP) has been identified as the new entry to our Growth Model Portfolio.

2.1 Support and Resistance Summary (as on 12th February 2025)

2.2 Technical Price Chart (LSE: SRP)

One Year Technical Price Chart (as of 12 February 2025). Source: REFINITIV, Analysis: Kalkine Group

Note 1: Past performance is neither an Indicator nor a guarantee of future performance.

Note 2: The reference date for all price data, and currency as of 12 February 2025. The reference data in this report has been partly sourced from REFINITIV.

Note 3: Investment decisions should be made depending on an individual's appetite for upside potential, risks, holding duration, and any previous holdings.

Disclaimer

This information should not be relied upon as personal financial advice by Kalkine on (i) the stocks or (ii) the use or suitability of the model portfolios. Only an investor knows about their circumstances to make an investment decision.

Model Portfolio has been prepared for illustrative purpose only and does not take into account the objectives, financial situation or needs of any particular investor. Accordingly, investors should, before acting on the information, consider its appropriateness, having regard to their objectives, financial situation and needs. Past performance is not necessarily indicative of future performance results. Actual investment returns will vary, and the value of investments can go up or down.