Page 17 | Ideas and Forecasts on Stocks — South Africa — TradingView

Our opinion on the current state of SPAR(SPP)Spar (SPP) operates a chain of supermarkets with 2,402 stores across Southern Africa, and it also runs the Build-It chain (focused on hardware and building materials) and the Tops Liquor chain. The company has diversified internationally, with operations in Southern Ireland through its BWG group (which operates 1,392 stores) and in Switzerland with 388 Spar stores. Spar's extensive use of franchising has enabled it to become a significant competitor in the South African retail market. Spar’s in

Our opinion on the current state of NAMPAK(NPK)Nampak (NPK) is Africa's largest packaging company, operating in South Africa and ten other African countries. While 60% of its turnover comes from South Africa, only 36% of its trading profit is generated there, with the rest of Africa accounting for 59% of trading profit from just 31% of turnover. Nampak has smaller operations in the UK and Ireland. The company produces four types of packaging products: plastics, metals, paper, and glass, with metals—primarily beverage cans—contributing the ma

Our opinion on the current state of ADVTECH(ADH)ADvTECH (ADH) is one of three listed commercial education companies on the JSE, alongside Curro and Stadio. The company operates through two primary divisions: the schools division, which includes well-known brands like Crawford, Trinity House, and Abbots, and the tertiary division, which includes institutions such as Varsity College, Rosebank College, and other specialized tertiary offerings. In total, the group comprises 109 schools and 33 campuses, serving 78,500 students. Historically, ADvT

Our opinion on the current state of AF-&-OVER(AOO)Rex Trueform's holding company, which is also listed on the JSE, faces the same challenges as Rex Trueform (RTO) itself, with both being extremely thinly traded. This lack of liquidity makes the shares impractical for private investors at present. Established in 1937 and listed on the JSE since 1945, Rex Trueform manufactures and markets clothing and accessories through its Queenspark and J. Crew stores, which are spread across South Africa. Additionally, the company owns a portfolio of properti

Our opinion on the current state of GEMFIELDS(GML)The Gemfields Group (GML), previously known as the Palinghurst Group, is a mining company primarily focused on two major projects: (1) Kagem, the world’s largest producer of emeralds, located in Zambia, and (2) Montepuez in Mozambique, one of the world’s largest ruby mines. Additionally, the company once had a stake in Jupiter Mines, a South African manganese producer. Under the leadership of Brian Gilbertson, the former CEO of BHP Billiton, Gemfields has focused on consolidating and professiona

Our opinion on the current state of PSG-KST(KST)PSG Fin (previously PSG Konsult) is a well-established financial services group that originated from PSG's stockbroking business. Today, it offers a comprehensive range of financial services, including financial planning, unit trusts, healthcare, short-term insurance, and estate planning. PSG still holds a 60% stake in the company. For the six months ending 31st August 2023, PSG Fin reported a 21% increase in recurring headline earnings per share (HEPS) and a 19% rise in assets under management

Our opinion on the current state of REX-TRUE(RTO)Rex Trueform (RTO) is an extremely thinly traded company on the JSE, which makes it impractical for private investors in its current form. Established in 1937 and listed on the JSE since 1945, RTO manufactures and markets clothing and accessories through its Queenspark and J. Crew stores, operating across South Africa. The company also owns a portfolio of properties in the Cape Town area. RTO is controlled by a consortium led by Marcel Golding and Hugh Roberts. In its effort to diversify, the g

Our opinion on the current state of TRELLIDOR(TRL)Trellidor (TRL) is a long-established manufacturer of barrier security products, blinds, and security shutters, having been in business since 1976. The company is divided into two main divisions: the Trellidor business, which focuses on security barriers, and the Taylor business, which produces security and decorative blinds. Taylor also imports and distributes cornicing and skirting. With 70 franchise outlets in South Africa and representation in 24 countries (17 of which are in Africa), Trelli

Our opinion on the current state of MOMMET(MTM)Momentum Metropolitan (MTM) is an insurance company listed on the JSE and the Namibian Stock Exchange, formed by the merger of Momentum and Metropolitan in December 2010. The company operates across the full spectrum of short- and long-term insurance and financial services. Notably, Momentum Metropolitan was the first insurance company to achieve level 1 BBBEE status. The company has been scaling back its presence in certain African markets, closing its operations in Mozambique, Mauritius, Zambi

Our opinion on the current state of BURSTONE(BTN)Burstone (previously Investec Property Fund) is a diversified South African real estate investment trust (REIT) with a portfolio valued at R27.2 billion, comprising 92 properties in South Africa worth R15.7 billion. Like many REITs, Burstone was affected by the general sell-off in property shares on the JSE in 2018 following the Resilient group's challenges. Currently, the share is trading well below its net asset value (NAV), presenting a potential buying opportunity for investors. Burstone's

Our opinion on the current state of BARWORLD(BAW)Barloworld (BAW) is an international supplier of heavy earth-moving equipment and vehicles, serving sectors such as mining, agriculture, infrastructure, power, automotive, and logistics. The company's well-known brands include Caterpillar, Avis, Massey-Ferguson, and Challenger. Barloworld operates in 24 countries, particularly in Southern Africa, Russia, and other emerging markets. Its wide range of operations and geographical reach help to insulate it from recessionary pressures. Recently, Bar

Our opinion on the current state of METAIR(MTA)Metair (MTA) is a company that produces energy solutions, primarily batteries, and components for the vehicle manufacturing sector. It operates in Africa, Europe, and the Middle East, with its energy storage business located in Turkey under the "Mutlu" operation. The company is well-positioned to grow as the automotive industry transitions from internal combustion engines to electric vehicles. Metair has announced its intention to split its European acid battery business from its South African a

Our opinion on the current state of OMUTUAL(OMU)Old Mutual (OMU) is a leading African financial services group offering a wide range of financial solutions to retail and corporate customers across 17 countries, with primary operations in South Africa and the rest of Africa, along with niche businesses in Latin America and Asia. The company is what remains after the unbundling of Quilter, Brightsphere, and most of Nedbank from the original Old Mutual Plc, which was listed on the London Stock Exchange. Some estimates suggest that Old Mutual i

MERAFE Finally want to take off with a beautiful cup and handle MERAFE Finally want to take off with a beautiful cup and handle

by Millionaireportfolio

City Lodge heading to the sky at the target R5.35 We are revising the analysis from last time City Lodge. It formed a Falling Wedge which almost touched the stop loss. The price broke above both W Formation & Falling Wedge and has formed a strong uptrend (safetyline) So the high probability analysis still stands with Price>20 and 200 Target R5.35

PPC Limited 3 breakout patterns upside to R4.75 W Formation has formed after 2 more breakout patterns before. They are looking great for upside and the high probability trade is set with Price above both 20 and 200. First target set at R4.75

Adcorp after months broke above the Cup and Handle target R7,37 Cup and Handle has formed after months and has finally broken above. And now the bulls and uptrend is in tact. It's also confirmed a high probability analysis with Price>20 and 200 Uptrend (safety line) Target will be set to R7.37

Nampak on par with the second target at R494.75 Since the first target was reached, we then had a Trend traders haven. Then we had a CUp and Handle form which broke above confirming upside. The analysis turned into a high probability analysis with Price>20 and 200 The second target is therefore on par to R494.75

Our opinion on the current state of GEMFIELDS(GML)The Gemfields Group (GML), formerly known as the Palinghurst Group, is a mining company with two main projects: (1) Kagem, the world's largest producer of emeralds in Zambia, and rubies at Montepuez in Mozambique; (2) Jupiter Mines, a South African manganese producer. The group is led by Brian Gilbertson, the former CEO of BHP Billiton, who saw an opportunity to consolidate and professionalize the semi-precious stones market, which was historically under-developed. This vision led to the establi

Our opinion on the current state of CHOPPIES(CHP)Choppies (CHP) is a Botswana-based grocery retailer with 212 stores operating in South Africa, Botswana, Zimbabwe, Zambia, and Kenya. It has a primary listing on the Botswana Stock Exchange (BSE) and a secondary listing on the JSE. The grocery market in Southern Africa is highly competitive, and Choppies, being a relatively small player, faces challenges in competing with larger chains that have greater buying power. The company was suspended from trading on the JSE for two years (from November

Vodacom showing strong upside after CUp break to R140.37 Cup and Handle has formed on the daily. The pattern has formed since May 2023 and only now recently it's broken up. SO this is a massive analysis and a High probability analysis whiich is likely to work out. Also the Price>20 and 200 So the first major target is at R140.37

BRAIT confirmed upside and high probability analysis target R1.8 Inv Head and Shoulders formed over the last two months. This broke above the downtrend and it formed a Medium probability trade until two days ago, Now it's set for a High probability analysis with Price> 20 and 200 Target R1.81

African Rainbow broken it's medium term downtrend - target R221 Cup and Handle formed on African Rainbow for the first time since 15 September. We are seeing strong signs of buyingbut this is still a Medium probability analysis as the Price>20 below 200MA The first target is set to R221.55

Adcock Ingram is looking to erect to R89.25 Cup and Handle has formed on the healthcare stock. We saw a strong pattern form and break above, This is in relation to the JSE Top 40 rally since America cut interest rates. It's also a high probabiliity trade Price>20 and 200MA My first target is at R89.25