Page 15 | Ideas and Forecasts on Stocks — South Africa — TradingView

Our opinion on the current state of CMH(CMH)Combined Motor Holdings (CMH) operates 43 car dealerships representing 28 brands, including major names like Nissan, Volvo, Toyota, Opel, Subaru, Lexus, Mazda, Isuzu, and Ford. The company sells both new and used vehicles and is closely tied to the health of the broader economy, as consumers tend to hold onto their cars longer during economic downturns. COVID-19 significantly impacted the company, prompting it to reduce its car rental staff by up to one-third, cut its fleet by 40%, and close 20

Our opinion on the current state of BHP(BHG)BHP is a global commodities company headquartered in Melbourne, Australia, with operations in minerals, oil, and gas, and employing around 62,000 people, mostly in the Americas and Australia. The company is involved in producing a wide range of resources, including copper, iron ore, coal, oil, and gas. Key assets of BHP include: - **Escondida** (57.5% ownership) in Chile, one of the world's largest copper producers, also producing gold and silver. - **Antamina** (33.75% ownership) in Peru, prod

Our opinion on the current state of QUILTER(QLT)Quilter Plc (QLT) was spun out of Old Mutual as part of its "managed separation" process and began trading on the London Stock Exchange (LSE) with a secondary listing on the JSE from 25th June 2018. Quilter is a UK-based financial services group offering asset management both domestically and internationally. The company serves 900,000 customers and had GBP101.7 billion in assets under management (AUM) as of 30th June 2023. Quilter is also involved in life assurance and has a strong track record

Our opinion on the current state of SASFIN(SFN)Sasfin (SFN) is a banking group that specializes in various types of finance for small businesses and high-net-worth individuals. Listed on the JSE in 1987, the company has been investing heavily in its digital platforms and acquisitions. The share had been in a strong downward trend, and investors were advised to wait for a measurable turn in the price, such as an upside break through its long-term trendline, before making further investments. While this upside break has not yet occurred—primar

Our opinion on the current state of KAROO(KRO)Cartrack was folded into a new international listing under the name Karooooo (KRO) on 21st April 2021. The company operates in vehicle recovery, insurance, telematics, and fleet management across twenty-four countries worldwide. With a 92% vehicle recovery rate, Karooooo claims industry leadership in this area. It has experienced rapid organic growth, with its subscriber base growing at a compound annual rate of 21% over the past six years. Notably, 96% of the company's revenue is derived from a

Our opinion on the current state of BYTES(BYI)Bytes Technology, spun out of Altron, was separately listed on the London Stock Exchange (LSE) and the JSE. At the time of listing, it had a market capitalisation of around R13 billion, which has since grown to R26.5 billion. Altron shareholders benefited from the demerger, receiving GBP542 million in shares and cash, marking a significant release of value. Bytes Technology describes itself as "one of the UK's leading software, security, and cloud services specialists." It is also the largest re

Our opinion on the current state of AREIT(APO)This newly formed real estate investment trust (REIT), aReit Prop, focuses on investing in yield-enhancing assets and areas that offer consistent, long-term rental growth. The company has stated that its investment properties consist of three leasehold properties, held for 40 years, which were independently valued ahead of its intended listing as a REIT on the Main Board of the JSE. The properties were acquired from vendors who were 100% shareholders of aReit Prop as of 31st December 2021, with

Kumba Iron Ore Analysis 10/15/24 DISCLOSURE: As of 10/15/24 I have no open positions in Kumba Iron Ore JSE: KIO Introduction: Kumba Iron Ore is a South African Iron Ore mining company. They operate 3 mines in South Africa, all of which are quality assets operating profitably at current Iron Ore prices. The second business segment is logistics, or the transport of minerals across South Africa and internationally. Fundamentals: Looking at the 3 mines and their average costs the company is profitable at any Iron Ore pric

UPDATE Murray and Roberts - Th big restest in play before upside Since the last update, M&R was heading up on a smooth trajectory. The bears probably thought it was going up too quickly and too soon. So there is a temporary pause in the uptrend with the inv cup and handle. We are likely to get an uptrend test to see if there are any sellers around that area. If ther price bounces from there or anywhere around the higher low, we could see it continue with the current target at R4.75

Our opinion on the current state of CALGRO-M3(CGR)Calgro (CGR) is a developer of large-scale integrated properties, rental units, and memorial parks. Established in 1995, the company was listed on the JSE in November 2007. Calgro acquires suitable land, plans developments, and then sells or rents residential units or memorial park plots. The company recently secured additional funding of $25 million to finance new development projects. However, one of the challenges it faces is illegal land invasions, which have affected its operations. In its

Our opinion on the current state of MERAFE(MRF)This ferrochrome operation is controlled by Glencore and operates mines, furnaces, and smelters in Mpumalanga and Limpopo. The Glencore-Merafe joint venture has the capacity to produce up to 2.3 million tons of ferrochrome annually. Merafe receives 20.5% of the proceeds, with the balance going to Glencore. A significant issue for the operation is electricity supply, as smelters require vast amounts of power. The 15.6% increase in Eskom tariffs last year was a major burden, and the current year's

Our opinion on the current state of NUMERAL(XII)Previously known as "Go Life International" (GLI), Numeral is a company listed in Mauritius with a secondary listing on the JSE's Alt-X market. Its focus is on "nutraceuticals," which are products associated with alternative medicine. These products claim to offer health benefits but are not pharmaceuticals. The company was formed to acquire and exploit nutraceutical-producing companies in South Africa and currently owns Go Life Health Products and Gotha Health Products. In its results for the

Our opinion on the current state of SASFIN(SFN)Sasfin (SFN) is a banking group specializing in various types of finance for small businesses and high net-worth individuals. It was listed on the JSE in 1987. The company has been heavily investing in its digital platforms and acquisitions. The share was in a strong downward trend, and investors were advised to wait for a measurable turn in the price, such as an upside break through its long-term trendline, before investigating further. This break has not yet occurred, mainly due to the impact

Our opinion on the current state of QUANTUM(QFH)Quantum (QFH) operates in the chicken business, with four key divisions: animal feeds, eggs and layers, broilers, and an African division where it sells related products. The company was significantly impacted by the drought in Southern Africa, but as the drought conditions eased and the price of animal feeds decreased, Quantum benefited from higher egg prices and lower feed costs. The chicken industry is known to be challenging. It is labor-intensive, exposing companies to union action, and it

Our opinion on the current state of WESIZWE(WEZ)Wesizwe (WEZ) is a miner of platinum group metals (PGMs) through its development of the Bakubung Platinum Mine (BPM). The mine is being developed to access the Merensky and Upper Group 2 (UG2) resources, located near Rustenburg on the Western Limb of the Bushveld Complex. In addition to BPM, the company owns 17.1% of projects 1 and 3 of Maseve Investments. In its results for the six months to 30th June 2024, Wesizwe reported headline earnings per share (HEPS) of 7.36c per share, a significant i

Our opinion on the current state of CORONAT(CML)Coronation (CML) is one of South Africa's largest asset managers and the only one listed on the JSE. Founded in 1993, the company grew successfully until 2015. At that point, the founding CEO resigned, and Adrian Pillay, a well-qualified individual, took over. However, the company has faced challenges since Pillay's appointment. Coronation was heavily invested in African Bank and Steinhoff, both of which experienced significant financial issues, leading to substantial losses. These missteps have

Our opinion on the current state of ZEDER(ZED)Zeder (ZED) is PSG's listed, 43.7%-held investment holding company in agriculture. Zeder sold its 28.6% stake in Pioneer Foods (PFG) to PepsiCo for a sum-of-the-parts (SOTP) value of R10.7 billion, receiving about R6.41 billion. As a result, Zeder declared a special dividend of 230c. Zeder's largest investment now is its 98% stake in Capespan, which markets fruit both locally and overseas. This is followed by a 93% holding in Zaad, which specializes in seeds and seed production, and a 41% holdin

Our opinion on the current state of BELL(BEL)Bell (BEL) is a manufacturer and distributor of heavy equipment and earth-moving machinery used in the mining, construction, agriculture, and waste management industries. It has been directly impacted by the slowdown in construction since 2008 and the collapse of the mining industry. Bell's articulated dump trucks (ADTs) are exported worldwide from South Africa and Germany. The company also holds dealerships for several global manufacturers, giving it a product range of over 120 products. Roughl

Our opinion on the current state of MONDIPLC(MNP)Mondi (MNP) is a massive international paper and packaging company that started in South Africa but now operates in 30 countries and employs 26,000 people at about 100 sites. The company covers the full spectrum of packaging and is extremely professionally managed. Mondi owns and runs forests, produces wood pulp, paper, and plastic films for a wide variety of packaging solutions. The company has been impacted by developments in the Ukraine crisis. In an update on 28th February 2022, Mondi state

Our opinion on the current state of ALTRON-A(AEL)Allied Electronics Corp, or Altron (AEL), is an information and communications technology company that was founded by Bill Venter in 1965. Recently, the company has been re-focusing on its core business and has sold its 80% stake in Powertech and its 100% subsidiary, Altech UEC (a developer of set-top boxes). Powertech was also sold to a BEE consortium, and Altron is in the process of selling CBI Telecom Cables. Altron operates in six African countries, as well as the UK and Australia. The com

Our opinion on the current state of EQUITES(EQU)Equites (EQU) is the only real estate investment trust (REIT) on the JSE that specialises in industrial logistics and distribution properties in South Africa and the UK. It has approximately R12 billion worth of assets in South Africa and R7.4 billion worth in the UK. Its most recent acquisition, a 100,000 square meter logistics property in Germiston, was expensive but comes with an A-grade tenant, Simba, and a good yield, making the property highly profitable in the future. The property was bou

Our opinion on the current state of NEWPARK(NRL)Newpark is a South African real estate investment trust (REIT) that owns commercial and industrial properties valued at R1.37 billion, with a gross lettable area (GLA) of 57,249 square meters. It owns four properties: two in Sandton CBD, one in Linbro Business Park, and one in Crown City. In its results for the six months to 31st August 2024, the company reported revenue down 0.1% and headline earnings per share (HEPS) down 22.1%. The company's net asset value (NAV) fell 28.4% to 584c per share

Our opinion on the current state of THARISA(THA)Tharisa (THA) is a mining company that mines and beneficiates platinum group metals (PGMs) and chrome. The company is listed in London and on the JSE. The Tharisa mine, located on the south-west limb of the Bushveld Igneous Complex (BIC), is an open pit operation with an estimated life of 17 years. The company owns a subsidiary, Arxo Metals, which beneficiates chrome to produce high-grade chrome concentrates. The company is planning to expand into the Great Dyke area of Zimbabwe. In our view, t

UPDATE ACL Profit target reached at R2.22 Since the price broke abbove the W Formation and the Price went above above 20 and 200 THe momentum and buying just took off at an alarming rate. So within ONE week, the price shot up to R2.21 which was even a surprise to me with the speed of the analysis. So what now? Now, it's in a dangerous area. The trend is so steep it can come down just as fast. If the buyers have conviction they will drive the price sideways first before the next buy up. But we'l have to give it some time befor