Page 22 | Ideas and Forecasts on Stocks — South Africa — TradingView

Our opinion on the current state of STANBANK(SBK)Standard Bank (SBK) is 160 years old and is South Africa's second-largest bank by market capitalization, after First National Bank. It has widespread interests across the rest of Africa, which now contribute 34% of its headline earnings. 20% of its shares are owned by the Industrial and Commercial Bank of China (ICBC), and it owns 40% of ICBC Standard Bank, which was previously Standard Bank Plc in the UK (ICBCS). Following COVID-19, the bank had about 70% of its staff working from home. This bu

Our opinion on the current state of STADIO(SDO)Stadio (SDO) is a tertiary education institution that offers a wide range of post-school training. The company provides higher education through five universities, offering higher certificates, degrees, master's, and PhD qualifications. It currently has over 46,000 students enrolled in six faculties, offering more than 50 accredited training programs. Of these students, 86% study online. The company envisions having 100,000 students, with the majority expected to be distance learning students.

Our opinion on the current state of RESILIENT(RES)The Resilient group of companies (Resilient, Lighthouse - previously Greenbay, Rockcastle, and Fortress) used to be the high-flyers of the property sector until the beginning of 2018 when a damning report was produced by 360ne Asset Management. The report claimed that the high prices enjoyed by the shares of these four real estate investment trusts (REITs) were primarily a result of their incestuous cross-shareholdings. This caused the price of Resilient (and the other members of the group) to p

Our opinion on the current state of EXXARO(EXX)Exxaro (EXX) is a BEE coal company with interests in iron and heavy minerals. It has interests in Australia, America, and Europe. It is a provider of coal to Eskom's Medupi power station. The company is trying to improve coal production from 48 million tons presently to about 60 million tons by 2022, but this policy might be changed due to the lower demand for coal on the world market. This is an immensely cash-generative operation that is usually profitable depending on what happens to the pric

Our opinion on the current state of CA-SALES(CAA)CA Sales listed on the JSE on 27th June 2022 and traded 34 deals on the day, opening at 505c and closing at 745c. The company supplies food, health, alcohol, and fast-moving consumer goods (FMCG) to a wide range of companies. It is involved in warehousing, distribution, marketing, and point-of-sale. In its results for the year to 31st December 2023, the company reported revenue up 19,4% and headline earnings per share (HEPS) up 25,3%. The company said, "Total assets increased by 26.0% to R5.2 b

Our opinion on the current state of AVENG(AEG)The once-massive construction company, Aveng (AEG), which traded at R69 a share in 2008, was reduced to a penny stock. This sad demise was brought about by a number of factors. Among these, the reduction in construction spending following the sub-prime crisis has been critical. The government ceased infrastructure development after the 2010 World Cup, which had a further detrimental impact. This was then followed up by the Competition Commission's R1,4bn fines in the construction industry. The d

Our opinion on the current state of GFIELDS(GFI)Gold Fields (GFI) is a relatively high-cost international gold mining house with a single mine in South Africa—South Deep. South Deep was bought by Gold Fields in 2006, and it has struggled to make the mine profitable, pouring in a total of R32bn (R22bn purchase price plus R10bn in development costs) into it over the past 14 years. Brett Kebble once described South Deep as "the world's most expensive long drop." South Deep is 3 kilometers deep and a very difficult mine with many technical compli

Our opinion on the current state of ITLTILE(ITE)Italtile (ITE) is a franchisor of tiles, sanitary ware, flooring, and home finishing products, which it manufactures and wholesales itself. The company is controlled by the Ravazotti family. It has 206 stores and 6 online web stores. It also has a property portfolio of retail and industrial properties worth about R4,3bn. The company has acquired 95,47% of Ceramic Industries and 71,54% of Ezee Tile, which it styles as its manufacturing business (as opposed to its retail business). The company g

Our opinion on the current state of MERAFE(MRF)This is a ferrochrome operation controlled by Glencore which operates mines, furnaces, and smelters in Mpumalanga and Limpopo. The Glencore-Merafe joint venture can produce up to 2.3 million tons of ferrochrome per annum. Merafe gets 20.5% of the proceeds, and the balance goes to Glencore. The problem is electricity supply because smelters require huge amounts of current. The 15.6% increase in Eskom tariffs last year was a major factor, and the current year's increase of just under 10% from 1st

Our opinion on the current state of RENERGEN(REN)Renergen (REN) describes itself as an "integrated alternative energy business" that invests in renewable energy projects in Africa. The company listed on the JSE in June 2015 and has been losing money every year since, which is reflected in its falling share price. Renergen is investing in liquified natural gas (LNG) and helium. The R125m rights issue was fully underwritten and enabled it to access a R218m loan facility. Its initial public offer (IPO) on the Australian Stock Exchange (ASX) was m

Our opinion on the current state of SASOL(SOL)Sasol (SOL) is a large international chemicals and energy company with origins in the oil-from-coal technology developed during apartheid in South Africa. Approximately 50% of the company's profits are directly tied to the price of oil. Sasol has two primary growth areas: its 50% stake in the Lake Charles Chemical Project (LCCP) in Louisiana, USA, and the development of gas resources in Mozambique. The company was awarded two new licenses in Mozambique to explore gas in an onshore area of about

Absa showing downside to come to R120 but I am not buying it LOL Ok so I am taking this analysis with a pinch of salt. The JSE Top 40 is showing major upside to come. And yet the Banking sector is showing conflicting signals. I mean we have an Inv Cup and Handle. We have a strong downtrend (safety line) - confirmed We have price<20 and 200MA - Making it a high probability short. Everything about the system is saying SHORT But I am calling BS on this analysis. A part of me wants to go short just for the sake of it because the system says the next t

Motus on par to the first target - but it can take a while W Formation formed on Motus. This share is VERY slow with movement, I had to change the time frame to weekly. But the downtrend has broken, the uptrend (safety line) is in check and we have the price above both 20 and 200MA> All bullish signals with the target to R144.77

Another 2 major BUY signals for PPC Limited to R4.75 It's always great when you don't only get one Bullish breakout signal, but two more! Another W Formation has formed along with a strong uptrend driving the price up. So with this accompanied with Price>20 and Price>200 - make sit a HIGH probability analysis. The first target remains at R4.60 and the second target at R4.75. BULLISH

EOH time to finally shine like the Penny it is to R1.93 Falling Flag has formed over the last three months on EOH. It's been moving in a somwehat consolidation period not with hardly any convincing downside and supply. So now that that the price has broken above th Flag and is showing strong upward momentum, means that it's more likely for the price to rally up. High probability analysis Price>20 and 200 Flag pole - Up - CHECK TArget 1 will be up to R1.93

Our opinion on the current state of ASTORIA(ARA)Astoria (ARA) is an investment company established to provide investors with exposure to a diverse selection of international equities in developed economies. The share has been trading at a significant discount to its net asset value (NAV) and only recently resumed trading after being suspended from September 2020 to April 2021. The company saw benefits from the sale of "non-lethal self-defense" products during a period marked by civil unrest. Astoria currently owns one-third of Outdoor Inves

Our opinion on the current state of EXXARO(EXX)Exxaro (EXX) is a BEE coal company with interests in iron and heavy minerals, with operations in Australia, America, and Europe. It is a major provider of coal to Eskom's Medupi power station. The company has been aiming to increase coal production from 48 million tons to about 60 million tons by 2022, though this policy might be adjusted due to the lower demand for coal on the world market. Despite the challenges, Exxaro is known for being a cash-generative operation, usually profitable dependi

Our opinion on the current state of GFIELDS(GFI)Gold Fields (GFI) is a relatively high-cost international gold mining house with a single mine in South Africa—South Deep. South Deep was bought by Gold Fields in 2006, and the company has struggled to make the mine profitable, pouring a total of R32bn (R22bn purchase price plus R10bn in development costs) into it over the past 14 years. Brett Kebble once described South Deep as, "The world's most expensive long drop...". South Deep is 3 kilometers deep and a very difficult mine with many techni

Our opinion on the current state of S-OCEAN(SOH)South Ocean (SOH) is a manufacturer of low-voltage electrical cables and an importer of light fittings and electrical accessories. The company has an electrical cable manufacturing plant at Alrode and employs 400 people. The company described itself as, "...an investment holding company, comprising two operating subsidiaries which manufacture low-voltage electrical cables, and which holds property for investment purposes." It also owns Anchor Park, which is a property company. In December 2010,

Our opinion on the current state of SAPPI(SAP)Sappi (SAP) manufactures paper, dissolving wood pulp (DWP), and paper pulp internationally and supplies products in 150 countries. DWP is used to manufacture clothing, packaging products, and many other applications. DWP, specialty, and packaging products were seen as the profit generator in the future, but until recently, the price of DWP had fallen sharply. Then in 2021, the price of DWP began to rise as demand from China surged. It is directly linked to the level of consumer spending, and it

NEPI Castle ready to Rock up to R159.60 W Formation formed on NEPI. It's a W Formation because the second rounding bottom is more than 50% the height of the first. Nature: High probability analysis Price>20 Price>200 Uptrend (Safety line - check) First target will be at R159.60 I personally don't have experience trading this market, so not sure how it will play out - but the candles and liquidity seem ok.

Barlo ready to rock shareholders world to R131.98 Cup and Handle formed on the daily after sideways consolidation over the last year. We had a strong breakout and the nature is igh probability Price>20 Price>200 We have an Uptrend (Safety line) in Check which gives some security for upside. Target R131.98

Our opinion on the current state of MPACT(MPT)Mpact (MPT) is a large producer of paper and plastics packaging in Southern Africa. It recycles paper and cardboard and makes corrugated cardboard containers for a variety of industries as well as polystyrene trays for the food industry. It has 20 manufacturing operations, with South African sales accounting for 86% of its business. It employs over 5000 people. The business is impacted by the general level of consumer spending, which has been depressed because of COVID-19 and was improving at l

Our opinion on the current state of PICKNPAY(PIK)Pick 'n Pay (PIK) is a retail grocery chain with over 2000 stores, mostly in South Africa, but also in the rest of Africa. The company was started by Raymond Ackerman in 1967 and became the dominant grocery retailer over time, before being displaced by Shoprite/Checkers. Summers has once again resumed the role of CEO, following his stint at Pick n Pay as CEO between 1999 and 2007. In its results for the 52 weeks to 25th February 2024, the company reported turnover up 5.4% and a headline loss of