NetCare BullishNetCare broke out a bearish Channel signaling a change in direction and then formed a Continuous Pattern (Bullish Pennant Pattern).
LongLong
Our opinion on the current state of TREMATON(TMT)Trematon (TMT) is an investment holding company with subsidiaries, joint ventures, and associate companies, primarily focused in the Western Cape. The company initially concentrated on property investments but has since diversified beyond this sector. One of its notable assets is Club Mykonos.
In its financial results for the six months ending 29th February 2024, Trematon reported a modest 2% increase in revenue, while headline earnings per share (HEPS) dropped by 68%. The company's net asset
Our opinion on the current state of BARWORLD(BAW)Barloworld (BAW) is an international supplier of heavy earth-moving equipment and vehicles to the mining, agriculture, infrastructure, power, automotive, and logistics sectors. Its well-known brands include Caterpillar, Avis, Massey-Ferguson, and Challenger. The company operates in 24 countries, focusing on Southern Africa, Russia, and other emerging markets. This wide diversity in operations and geographical reach offers some insulation against economic recessions.
The company has sold its Spa
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Our opinion on the current state of LEWIS(LEW)Lewis (LEW) is a retailer specializing in furniture and electrical appliances, operating through 840 stores under the Lewis, Beares, Best Home, Bedzone, and United Furniture Outlets (UFO) brands. Of these, 138 stores are located in neighboring countries. The company conducts 59.9% of its business on credit, offering customers credit insurance and other financial services. The plan is to expand the UFO brand from its current 39 stores to 70 stores over the next few years.
Despite the challenging
Long
Our opinion on the current state of JUBILEE(JBL)Jubilee Metals Group (JBL) is a diversified metals recovery company focused on reprocessing mine waste and surface materials. The company is listed on both the London AIM market and the JSE's Alt-X. Its operations span South Africa, the UK, Madagascar, and Australia, with a significant joint venture in Zambia aimed at producing lead, zinc, and vanadium.
The company primarily produces platinum group metals (PGM) and chrome. Its key asset is a 63% stake in the Tjate project, which is considered o
Our opinion on the current state of GRINDROD(GND)Grindrod (GND) is an international freight and financial services company operating across 28 countries. In mid-2018, Grindrod unbundled its loss-making shipping division, Grinship (GSH), resulting in a noticeable drop in its share price at that time. The company now focuses on its two main divisions: freight and financial services.
The freight division is bolstered by its strategic assets, including the North-South railway line from Beitbridge to Victoria Falls and port terminals at Richards B
Our opinion on the current state of DIPULA-B(DIB)Dipula is a real estate investment trust (REIT) with a diversified portfolio, predominantly made up of retail, office, and industrial properties valued at approximately R9 billion. The majority of its properties are located in Gauteng, but it also has holdings across other South African provinces. The company has a selective investment strategy in residential rental properties as well.
The restructuring of Dipula's share structure in June 2022, where all the Dipula A-shares were repurchased in
Our opinion on the current state of DIPULA-B(DIB)Dipula is a real estate investment trust (REIT) with a diversified portfolio, predominantly made up of retail, office, and industrial properties valued at approximately R9 billion. The majority of its properties are located in Gauteng, but it also has holdings across other South African provinces. The company has a selective investment strategy in residential rental properties as well.
The restructuring of Dipula's share structure in June 2022, where all the Dipula A-shares were repurchased in
Our opinion on the current state of EMIRA(EMI)Emira Property (EMI) is a real estate investment trust with significant exposure to the South African property market, particularly in office spaces, although it has been diversifying to reduce its dependence on this segment. It owns the Knightsbridge office park in Bryanston and has been under the leadership of CEO Geoff Jennett, who has steadily improved the business.
The company has been working to rebalance its portfolio, reducing its exposure to South African office properties, which dropp
Our opinion on the current state of ETHOSCAP(EPE)Ethos Capital Partners (EPE) is a private equity fund that focuses on long-term capital appreciation by investing in unlisted companies, primarily in South Africa and across Africa. Incorporated in Mauritius, EPE's investment strategy targets growth sectors, with holdings in companies such as Tymebank, Ster Kinekor, and Brait. Like many investment holding companies, Ethos trades at a discount to its net asset value (NAV).
EPE has diversified its portfolio to minimize risk, avoiding excessive co
Our opinion on the current state of SSUSouthern Sun Hotels, previously known as Tsogo Sun Hotels, is a business focused on gaming, hotels, and entertainment. The company underwent a strategic split, separating its gaming and hotel divisions to unlock shareholder value and enable a more concentrated approach in each area.
The company has seen benefits from its investments in limited payout machines (LPMs) and electronic bingo terminals (EBTs), primarily located in restaurants and bars. These investments have shown profitability, thou
Our opinion on the current state of UPARTNERS(UPL)Universal Partners (UPL) is an investment holding company with listings in Mauritius and on the Alt-X of the JSE. Since its inception in 2013, the company has diversified its portfolio with five strategic investments:
1. Dentex Healthcare Group: This investment focuses on dental care, with ownership of 56 dental practices in the UK.
2. Yasa: Initially a distributor of controllers for high power density electric motors. This company was later sold to Mercedes Benz for GBP 42.8 million, gener
Thungela Resources Thungela Resources. I will build into it for a trade.
In the short-term, it could fall to R108,00, but I'm expecting it to return 20%-40% over the next 6 months.
It looks to me, and I'm no professional, that it made a double bottom at a previous resistance turned support. If it does fall in the short-term, again, just my guess, it looks to me that it could create an inverse head and shoulders pattern, indicating that upside returns could materialize.
Exit at R170 -R175
Cut losses at R97
Long
Our opinion on the current state of HARMONY(HAR)Harmony (HAR) was historically South Africa's most marginal gold miner, but its acquisition of the Mponeng gold mine has significantly strengthened its position. Mponeng is the deepest mine in the world, bringing with it the challenges of ultra-deep-level mining. The development of this mine and its associated processing plant is projected to cost around US$2.8 billion, with Harmony needing to secure approximately R20 billion to cover its share of this expense. In 2021, the company purchased Mpo
Our opinion on the current state of LIFEHC(LHC)Life Healthcare (LHC) is the second-largest JSE-listed healthcare company, operating private hospitals, same-day clinics, and healthcare services in South Africa, the UK (through Alliance Medical), and Western Europe. The outgoing CEO, Shrey Viranna, highlighted the group's strategic shift towards day-clinics and non-acute services, along with a focus on self-pay patients rather than solely relying on medical aid schemes. This is evident from their launch of MyLife Clinic, which offers consultat
Our opinion on the current state of Omnia (OMN) is a diversified chemicals company supplying products to the agricultural, chemicals, and mining industries in South Africa and 48 other countries. The Agricultural division is the leader in fertilizers in Southern Africa, supplying granular, liquid, and specialty fertilizers in Southern Africa, Eastern Africa, Australia, New Zealand, and Brazil. The mining division is a leading supplier of explosives in South Africa, Mali, Swaziland, Sierra Leone, Malawi, Senegal, Zambia, Zimbabwe,
Our opinion on the current state of RAUBEX(RBX)Raubex (RBX) is a construction company that was started in 1974 and listed on the JSE in 2007. The company has three divisions in construction, materials, and infrastructure. Recently, with the dearth of work in road-building, especially from Sanral (who have halved the value of the tenders which they issue), the company has branched out into solar and wind energy and has won contracts worth R500m in this area, doing work on the Droogfontein photovoltaic farm and the Copperton wind farm in the N
Our opinion on the current state of STOR-AGE(SSS)Storage (SSS) is the JSE's only real estate investment trust (REIT) which specialises in buying and running domestic storage facilities in all major South African cities and in the UK. Its business is split about 60% in South Africa and 40% in the UK. It expects its UK business to exceed the South African business in due course.
The company owns 103 properties worth R17,3bn. The business of Stor-age tends to do well in recession as well as in boom periods of the economy. The average client kee
Our opinion on the current state of VODACOM(VOD)Vodacom (VOD) remains a key player in South Africa's telecommunications industry and holds a dominant position in the market as the largest provider of mobile airtime and data services. As a subsidiary of Vodafone, Vodacom benefits from the backing of a global telecommunications giant but also faces challenges tied to its parent company. The market tends to react to decisions made by Vodafone, which can impact Vodacom's share price, as seen previously when concerns arose about potential sell-off
Our opinion on the current state of WOOLIES(WHL)Woolworths (WHL) has been navigating a challenging few years, primarily due to the ill-fated acquisition of David Jones in Australia for AU$2.1 billion in 2014. This acquisition has resulted in significant write-downs totaling R12 billion, putting immense pressure on the group's financials. The purchase has been widely viewed as a strategic misstep by Ian Moir, the former CEO. Fortunately, Woolworths' food division has remained resilient, contributing positively to the group's overall performanc
Our opinion on the current state of M&R-HLD(MUR)Murray and Roberts (MUR) has had a challenging decade, with its share price declining sharply from its highs due to the sub-prime crisis, reduced construction spending post-2010, and more recently, a weakened South African construction sector. In response, the company has strategically refocused as a multinational engineering and construction group targeting the natural resources sector, with core operations in underground mining, oil & gas, and power & water.
The company has been actively work
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Our opinion on the current state of M&R-HLD(MUR)Murray and Roberts (MUR) has had a challenging decade, with its share price declining sharply from its highs due to the sub-prime crisis, reduced construction spending post-2010, and more recently, a weakened South African construction sector. In response, the company has strategically refocused as a multinational engineering and construction group targeting the natural resources sector, with core operations in underground mining, oil & gas, and power & water.
The company has been actively work
M
Our opinion on the current state of SIBANYE-S(SSW)Sibanye (SSW) has established itself as a prominent mining house through an aggressive acquisition strategy, expanding its portfolio to include platinum and gold assets in both South Africa and the United States. Under the leadership of Neal Froneman, who is well-regarded in the industry, the company has broadened its scope to include “green” metals and base minerals critical for electric vehicle batteries, such as vanadium, copper, nickel, and lithium. Froneman has expressed his ambition to dou
