Page 19 | Ideas and Forecasts on Stocks — South Africa — TradingView

Our opinion on the current state of ARCINVEST(AIL)African Rainbow Capital (AIL) is a BEE investment company that was formed in 2015 and listed on the JSE in September 2017. Since its inception, AIL has invested in more than forty listed and unlisted investments in a wide range of industries, from telecommunications to mining, construction, energy, property, agriculture, insurance, asset management, and banking. ARC Investments is 44.4% effectively owned by African Rainbow Capital Proprietary Limited (ARC), which in turn is 100% owned by Ubunt

Our opinion on the current state of METROFILE(MFL)Metrofile (MFL) is a company that specialises in records storage and management, image processing, and backup. The company has been listed since 1995 and has a 57.4% Black ownership. The Mineworkers Investment Company owns 38.64% of the business, and Sanlam owns 5%. The company's record management division has 52 facilities at 27 locations with over 100,000 square meters of offices and warehousing. Housatonic Partners, a US company, made an offer to buy 100% of Metrofile for 330c per share but

Our opinion on the current state of SASOL(SOL)Sasol (SOL) is a massive international chemicals and energy company which has its roots in the oil-from-coal technology developed during the apartheid era in South Africa. About 50% of the company's profits are directly linked to the oil price. It has two main growth areas - its 50% stake in an ethane cracker plant in Louisiana, America, known as "Lake Charles Chemical Project" (LCCP), and its development of gas resources in Mozambique. Sasol was awarded two new licences in Mozambique to explo

$JSECSB - Cashbuild: Two Technical Reasons For Bullish Outlook See link below for previous analysis. Cashbuild has been trading in a falling wedge pattern for over two years but the April 2024 low could be significant. There are two technical reasons for optimism in Cashbuild: 1) Price looks to have broken out of the wedge pattern, though without much acceleration. 2) The MACD has been converging with price since October 2022 and is now holding above the zero line. I will maintain a bullish stance above the key invalidation level of 12150.

by Loyiso_BlaqueSoros_Mpeta

$JSEARI-African Rainbow Minerals: A New Road Map if 14662 Holds See link below for previous analysis. Price continued higher to peak at 24476 cps after the previous analysis. The strong sell-off broke below 15503 thereby invalidating the outlook. Reason for optimism though is that the key invalidation level of 14662 still holds. I am now looking at the large corrective structure as an expanded flat for wave 2. For this outlook to remain valid, 14662 must continue to hold and to a lesser degree, 15263 could be a key bottom as well. I am bullish above 14662

by Loyiso_BlaqueSoros_Mpeta

$JSEMTN - MTN: Is The Bottom Finally In? 7043cps Holds The Key See link below for previous analysis. MTN did not take long to reverse aggressively after the previous analysis. The bounce from 7043 cps looks impulsive and has broken above an intermediate trendline with wave 5 of (C); I will get more conviction with a break above 9876 cps as that will confirm that wave 5 is complete in the context of the ending diagonal. The MACD also shows positive signals; there has been strong convergence below the zero line and the momentum indicator has broken a stron

by Loyiso_BlaqueSoros_Mpeta

$JSESPG - Super Group: Will Rectangle Support Hold?See link below for previous analysis SPG stock has traded back to the support zone of the large rectangle pattern that started forming back in September of 2021. Price has been consolidating in the 2400-3700 price range. Current momentum is still to the downside so it will be interesting to see what price does at this critical lower support zone. I will sit on my hands for now though my bias is a reversal.

by Loyiso_BlaqueSoros_Mpeta

$JSEJBL - Jubilee: Not Following Script, 109 cps Under Pressure See link below for previous analysis. The dip has kept on dipping since the last analysis and the invalidation level of 109 cps looks under threat. A break below 109 will prompt a fresh outlook of the bigger picture so now we wait and see what price does.

by Loyiso_BlaqueSoros_Mpeta

Our opinion on the current state of GRANPRADE(GPL)Grand Parade Investments (GPL) is an investment holding company primarily involved in the gaming industry. As a BEE company, it has been listed on the JSE since 2008. The company decided to exit its food franchises, including Dunkin' Doughnuts and Baskin Robbins in February 2019, and Burger King in February 2020. Additionally, GPL sold its remaining 10% stake in Spur Corporation back to Spur in June 2019. On 15th June 2022, GPL announced the unbundling of its 9.28% shareholding in Spur, where sh

Our opinion on the current state of BELL(BEL)Bell (BEL) is a manufacturer and distributor of heavy equipment, primarily for the mining, construction, agriculture, and waste management industries. It has been impacted by the global slowdown in construction since 2008 and the collapse of the mining sector. Bell's articulated dump trucks (ADTs) are exported worldwide from its manufacturing bases in South Africa and Germany. In addition to its own products, Bell also distributes equipment for global manufacturers, offering a range of over 120

Our opinion on the current state of CAPITEC(CPI)Capitec Bank (CPI), now the country's largest bank by customer numbers (21,1m), was launched by PSG and has been a major disrupter in the South African banking system. It has steadily taken retail market share from the other banks by offering a cheaper and easier solution, especially for the previously unbanked section of the population. The company is adding about 90 000 funeral policies every month. In our view, this share is a "must-have" for any private investor's portfolio. Its parent compa

Our opinion on the current state of AVI Anglovaal Industries (AVI) is a generalised producer of consumer products in the food, cosmetics, and apparel sectors. It has a diverse range of very well-known South African brands such as I&J fish, Five Roses tea, Salticrax, Frisco, Provita, Yardley, Spitz, and Kurt Geiger. The company announced that it had sold its Australian seafood company, Simplot, for R633m, yielding a net after-tax profit of about R370m. Over the decades, this share has undoubtedly been one of the best blue chips tradin

Our opinion on the current state of SUNINT(SUI)Sun International (SUI) is a casino and hotel operator with interests in South Africa, Chile, Peru, and recently, Argentina. The depressed economy in South Africa impacted the performance of South African casinos and hotels even before COVID-19. The company increased its stake in Sun Dreams in Peru by 10% to 65%. It also bought a hotel and casino in Argentina for $25,5m. The company invested R4bn in the Time Square casino near Pretoria, which was beginning to perform before COVID-19. The group a

Our opinion on the current state of MOMMET(MTM)Momentum Metropolitan (MTM) is an insurance company listed on the JSE and the Namibian stock exchanges. It was formed by the merger of Momentum and Metropolitan in December 2010. The company participates in all aspects of short and long-term insurances and various financial services. The company was the first insurance company to achieve level 1 BBBEE status. The company is closing its businesses in Mozambique, Mauritius, Zambia, Tanzania, and Swaziland. At the time of the merger between Momentu

$JSEAFT - Afrimat: Leading or Ending Diagonal? Time Will Tell See link below for previous analysis. The advance from 4366 cps to the peak just below the all time is best labelled as a diagonal, but the big question is, is it a leading or ending diagonal? I am tentatively labelling the sell-off as a simple zigzag but the extent of the sell-off will provide clues. I am on the fence on this one.

by Loyiso_BlaqueSoros_Mpeta

$JSETRU - Truworths: Wave 4 Pullback; Buy The Dip See link below for previous analysis. Wave 3 has unfolded as a textbook five wave impulse. The correction from 10269 cps is for wave 4 and is still showing downside potential. My initial price range target for wave 4 is between 9000-8400 cps. The outlook is still bullish as wave 5 still needs to unfold. A deep sell-off below 7800 will invalidate this outlook.

by Loyiso_BlaqueSoros_Mpeta

$JSESSW - Sibanye: 1756 cps Invalidated, Now What?See link below for previous analysis The break below 1756 cps has prompted an update of the wave count. A minor wave count adjustment shows wave 3 of (C) extended into five sub-waves and wave 5 is now currently unfolding and looks to break below the March 2020 low of 1537 cps. The momentum is still to the downside but wave (C), which began in January of 2023 looks to be at a mature stage so I will not recommend shorts at this late stage of the downtrend. The MACD is still giving buy convergen

by Loyiso_BlaqueSoros_Mpeta

$JSEKIO - Kumba Iron Ore: A New Perspective On The Big Bear See link below for previous analysis. There is more clarity on the big bear from the 2021 all time high. The bear looks to be unfolding as a double zigzag (WXY). There is no sign of a reversal yet and 25000 cps looks a likely short-term target followed by the March 2020 low so I maintain the bearish stance.

by Loyiso_BlaqueSoros_Mpeta

$JSESOL - Sasol: 11036 cps Still Holds The Key See link below for previous analysis. There is a case to be made that the bounce from 11036 cps is a five wave impulse. The correction looks like a flat pattern which must hold above 11036 to keep the bullish outlook valid. A break above 15000 cps without first breaking below 11036 cps will add to my conviction that Sasol bulls are back. Bullish with a stop-loss @ 11036.

by Loyiso_BlaqueSoros_Mpeta

Our opinion on the current state of PAN-AF(PAN)Pan African Resources (PAN) is a gold mining company listed on both the London and Johannesburg Stock Exchanges, with a focus on re-treatment gold production. With the Elikhulu plant, it has significantly enhanced its production capacity, with the potential to produce approximately 700,000 ounces of gold annually at a cost of around R450,564 per kilogram. Given the current gold price hovering around R1 million per kilogram, this presents a substantial profit margin for the company. The Elikhulu

Our opinion on the current state of SANLAM(SLM)Sanlam (SLM) is one of the largest and most established insurance and financial services groups in South Africa, with a rich history dating back to 1918. The company demutualised in 1998 and is listed on both the JSE and the Namibian Stock Exchange. Sanlam has a wide range of operations spanning South Africa, the UK, the USA, Europe, India, Australia, and several African countries. Its product offerings include general insurance, life insurance, asset management, banking, credit, health, and ban

Our opinion on the current state of WOOLIES(WHL)The fall of Woolworths' (WHL) share price can largely be attributed to the costly acquisition of David Jones in Australia for AU$2.1 billion in 2014, which has since resulted in a R12 billion write-down from the original purchase price of R20 billion. Woolworths' food division has been the primary support for the group, while its fashion and clothing section has struggled in challenging trading conditions. On 14th January 2020, Woolworths appointed Roy Bagattini, from Levi Strauss, as Group CE

Our opinion on the current state of BIDVEST(BVT)Bidvest (BVT) is a highly diversified South African company with numerous subsidiaries, organized into six main divisions: Services, Freight, Automotive, Office, Print & Commercial Products, Financial Services, and Electrical. The company operates with a decentralized management structure, allowing directors of each operating company significant autonomy as long as they produce good returns. This strategy contrasts with most listed companies that typically focus on a single area of business and

Our opinion on the current state of SUNINT(SUI)Sun International (SUI) is a casino and hotel operator with interests in South Africa, Chile, Peru, and recently Argentina. The company has been impacted by the depressed South African economy, which affected the performance of its South African casinos and hotels even before the onset of COVID-19. Despite these challenges, Sun International increased its stake in Sun Dreams in Peru by 10% to 65% and expanded its portfolio by purchasing a hotel and casino in Argentina for $25.5 million. Addition