Page 23 | Ideas and Forecasts on Stocks — South Africa — TradingView

Our opinion on the current state of TELKOM(TKG)Telkom (TKG) was historically the government-controlled provider of fixed-line telephone connectivity in South Africa. With the advent of cell phones, Telkom had to subsidize the development of its own competition in the form of Vodacom, MTN, and more recently, Cell-C. This subsidy was primarily through termination rates for calls, which are now being phased out. Over the past twenty years, Telkom's CEO, Sipho Maseko, has stated that Telkom has effectively subsidized other networks to the tune o

MTN just took a nose dive with a scary down target of R47 M Formation formed on MTN, with the price breaking out on 13 June 2024. We see price below 20SMA and 200SMA showing a high probability analysis. And there are two downtrend lines confirming the momentym of downside. First target will be set to R47.34

$SOL Sasol. Double bottom Had Sasol bottomed out ? Double bottom followed by higher highs and lower lows. Maybe worth a punt.

Our opinion on the current state of CURRO(COH)Curro (COH) is a private education group focused on building and operating schools for children up to matriculation. The company's tertiary division was unbundled and separately listed on the JSE as Stadio (SDO) on 3rd October 2017. Curro has capitalized on the decline in government education since 1994, and it is a spin-off from PSG, which still holds a 17.2% stake. On 30th December 2015, Curro reached an exceptionally high price-to-earnings (P:E) ratio of 245 on the JSE, driven largely by its

$JSEFBR - Famous Brands: Technical Reasons For Optimism See link below for previous analysis. FBR stock has been in a downtrend since January 2022 but the are reasons for optimism. The downtrend is forming a falling wedge which has bullish reversal implications. The MACD is making higher lows giving a bullish convergence signal. The key level to watch now is 4600 cps but i will stay neutral until price breaks out decisively from the wedge pattern.

by Loyiso_BlaqueSoros_Mpeta

$JSEPAN - Pan African Resources: Target Reached, More Upside?See link below for previous analysis. The double bottom target and new all time high of 685 cps has been reached and exceeded. Looking at the price structure from 283 cps, I am now viewing the advance as a five wave impulse that is currently in wave 3 of (5). A correction for wave 4 will set the scene for further advance in wave 5; in commodities and commodity stocks, fifth waves tend to be larger than third waves which is very bullish for PAN. Buy the dips.

by Loyiso_BlaqueSoros_Mpeta

$JSEAFE - AECI Ltd: A Six Year Contracting Triangle First time coverage AECI stock has done very little except to consolidate since 2018. The consolidation is in a textbook contracting triangle which is very close to its apex; such triangles tend to breakout aggressively but one can never be certain in which direction. I will sit on my hands for now and let price lead the way.

by Loyiso_BlaqueSoros_Mpeta

$JSEDCP - Dischem: Defiant, But For How Much Longer?See link below for previous analysis The wave structure has not changed but i have made a slight adjustment to the ending diagonal wave count to cater for more upside potential seeing that the MACD has broken above the divergence trendline. Ending Diagonals can reverse aggressively so again, lock in profit if you are already in or let this one go if not in already.

by Loyiso_BlaqueSoros_Mpeta

$JSEBTI - British American Tobacco: Downtrend Bucked, Buy Dips See link below for previous analysis. The stock has made a new significant higher high, far above the key 59773 level. I am fully bullish now forecasting price to head back towards 74444 cps. Buy the dips

by Loyiso_BlaqueSoros_Mpeta

Our opinion on the current state of AB-INBEV(ANH)Anheuser-Busch, or AB-InBev (ANH), is the world's largest brewer of beer, operating in both first-world countries and emerging markets. ANH trades on the JSE as ANH, the Brussels Stock Exchange as ABI, and the New York Stock Exchange (NYSE) as BUD. The company announced its intention to list its Asia-Pacific arm on the Hong Kong Stock Exchange to raise approximately $10 billion, with the cash aimed at reducing its debt. The company has well-known brands like Budweiser, Stella Artois, Castle, Bec

Our opinion on the current state of ARCMITTAL(ACL)ArcelorMittal (ACL) is South Africa's largest steel-producing company. It has survived while other companies, like Highveld Steel, have disappeared. Arguably, ArcelorMittal felt the impact of the sub-prime crisis more than any other South African company, with its share price falling from a high of R260 in June 2008 to as low as 25c in August 2020. Since then, the share price has rallied strongly and now trades at 1052c. The company has had to contend with the collapse of the local construction

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 has interests in 30 countries and employs 26,000 people at about 100 sites. It has businesses across the full spectrum of packaging and is extremely professionally managed. The company owns and operates forests, produces wood pulp, paper, and plastic films for the production of a wide variety of packaging solutions. Mondi has been impacted by developments in the Ukraine crisis. In an update

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 SEBATA(SEB)Sebata (SEB) is an investment holding company with four divisions: software solutions, water technologies, ICT support services, and consulting. - **Software Solutions Division**: This division includes Sebata, which offers IT services to municipalities and public entities; Freshmark, providing IT solutions to fresh produce providers; and Rdata, an accounting package for the public sector. - **Water Technologies Division**: This consists of Utility Systems, which provides electronic water cont

Cashbuild People don't stop building development won't stop invest in the company that sell building materials 😂📉📈

Sasol Do not trade investment for the long term if u trade u will not see profit

MTN Buy and hold In the long run it we come back,long term investment

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

Our opinion on the current state of AECI(AFE)AECI (AFE) is a leading producer of chemicals and explosives in South Africa, supplying products for the mining industry, water treatment, animal health, food and beverages, and the industrial sector. The company has a broad international presence, with businesses in Australia, North America, Europe, Asia, and Africa, employing 7,600 people across 22 countries. AECI also has a property division called "Acacia." The company has successfully diversified away from its exposure to South Africa, wit

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, as 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 A

Our opinion on the current state of WOOLIES(WHL)The sad fall of the Woolworths share (WHL) price was occasioned by the decision of previous CEO, Ian Moir, and his board to buy David Jones in Australia for AU$2.1bn, which has now had R12bn written off its original purchase price of R20bn in 2014. The only aspect sustaining the Woolworths group was its food sales. Woollies announced on 14th January 2020 that they had appointed Roy Bagattini, from Levi Strauss, to replace Ian Moir as Group CEO with effect from 17th February 2020. Woolies' fashi

Our opinion on the current state of Pan African Resources (PAN)Pan African Resources (PAN) is a London- and JSE-listed re-treatment gold producer. With its Elikhulu plant, it will be able to produce about 700,000 ounces of gold a year at a cost of about R450,564 per kilogram against a current gold price of close to R1m. This means that over its life, it will produce revenue of approximately R15bn, of which R5.3bn will go back into the economy in the form of mine expenses, creating a highly profitable entity with minimal risks. It will also employ 350 people

Our opinion on the current state of BOWCALF(BCF)Bowler Metcalf (BCF) is a plastics manufacturing company that began in 1972 and listed on the JSE in 1987. The company's products include tube manufacture, printing, injection stretch blow-moulding, foiling, and extrusion blow-moulding. This is a company which is clearly badly impacted by loadshedding. In its results for the six months to 31st December 2023, the company reported revenue up 21% and headline earnings up 52%. The company's net asset value (NAV) was up 8% at 761,7c per share. The

Our opinion on the current state of GEMFIELDS(GML)The Gemfields Group (GML) (previously Palinghurst Group) is a mining group that has two major projects: (1) Kagem, the world's largest producer of emeralds (in Zambia) and rubies (at Montepuez in Mozambique); (2) Jupiter Mines, a South African producer of manganese. The group is led by Brian Gilbertson, previously the CEO of BHP Billiton. Gilbertson identified that the semi-precious stones market was under-developed and offered an opportunity for consolidation and professional management - hence