Page 31 | Ideas and Forecasts on Stocks — South Africa — TradingView

Our opinion on the current state of PPC PPC is a leading manufacturer and supplier of cement, aggregates, ready-mix, lime, limestone, and fly-ash in Africa. It has eleven cement factories in South Africa, Botswana, the DRC, Zimbabwe, Rwanda, and Ethiopia with a total production capacity of 11.5 million tons. It produces aggregates at its Mooiplaas quarry in Gauteng, which is the largest aggregates producer in South Africa. It has twenty-six batching plants for ready-mix in South Africa and Mozambique. Importantly, the company has man

Our opinion on the current state of SPAR(SPP)Spar (SPP) runs a chain of supermarkets across Southern Africa with 2402 stores. It also operates the Build-It chain in hardware and building materials and the Tops Liquor chain. The company has operations in Southern Ireland under the name "BWG," which operates through 1392 stores, and the Spar chain of 388 stores in Switzerland. Spar is expanding into Poland with the acquisition of 80% of Piotr i Pawel, which has 77 delicatessens, for 1 euro. This operation is expected to break even in about t

Our opinion on the current state of SPAR(SPP)Vunani (VUN) is a black-owned financial services group with interests in asset management, investment banking, property, and stockbroking. It also has an interest in coal mining, which has been performing well with the rise in coal prices. In its results for the six months to 31st August 2023, the company reported revenue up 4% and headline earnings per share (HEPS) of 18.2c compared with 20.4c in the previous period. The company said, "The group generated total comprehensive income for the pe

Our opinion on the current state of VUNANI(VUN)Vunani (VUN) is a black-owned financial services group with interests in asset management, investment banking, property, and stockbroking. It also has an interest in coal mining, which has been performing well with the rise in coal prices. In its results for the six months to 31st August 2023, the company reported revenue up 4% and headline earnings per share (HEPS) of 18.2c compared with 20.4c in the previous period. The company said, "The group generated total comprehensive income for the pe

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

Old Mutual trading styles for buys - Target R13.70 There are many different ways to trade Old Mutual looking at this chart. 1. Reversal trader They will wait for the support to establish as it's done at R10.00 and then will buy and hold until it reaches the top of the range. 2. Breakout trader WIll wait for the price to go up and complete the W Formation where it will breakout and trade up to R13.70 3. High probability trader This one will have to wait the longest for the price to not only close above the W Formation but also close above

SPAR - Cup & handle ?The stock has come out with news today and has put in a powerful reversal. There is a possible cup & handle setup that could catapult it towards R130

FOSCHINI - Approaching next resistance.The stock has had a powerful rally this week, clocking up +16% so far. Next major resistance to break will be the R112 level.

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), and (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, he

Our opinion on the current state of NASPERS-N(NPN)Naspers (NPN), Africa's largest company, is a massive international social media, gaming, and IT company whose main asset is its 73% ownership of Prosus (PRX), which in turn owns 26% of Tencent, a Hong Kong-listed company providing social media services and gaming in China. Tencent has 10 of China's 20 top mobile applications, reaching over 1.1 billion users. Naspers itself has an archaic capital structure where it is dominated by its 907,128 unlisted "A" ordinary shareholders. Each "A" ordinary

Our opinion on the current state of PREMIER(PMR)Premier is a food producer that was spun out of Brait (BAT) through an initial public offer (IPO) and separately listed on 24th March 2023, raising R3.6 billion at a share price of 5382c per share. Brait retained 47.1% of Premier. The company has successfully mitigated the impact of load shedding on its operations, with the associated costs not having a material impact on its financial performance. In its results for the year to 31st March 2024, the company reported revenue up 3.6% and headline

Our opinion on the current state of PROSUS(PRX)On 11th September 2019, Naspers (NPN) separately listed Prosus (PRX) on the Euronext in Amsterdam to house all its international assets, including its stake in Tencent, Mail.Ru, and other internet brands. Naspers holds 73% of Prosus, and there is a 25% free float. One of the benefits of the Euronext listing is that it removes the risk inherent in the rand, so Prosus is a rand-hedge that rises when the rand weakens and vice versa. Prosus is now Europe's largest consumer internet company. The ma

Our opinion on the current state of EFORA(EEL)Efora Energy (EEL) is an African oil and gas company incorporated in 1993 and listed on the JSE in October 1994. The company is involved in numerous projects from oil production to midstream and downstream distribution. It has operations in Egypt, Nigeria, the DRC, Zimbabwe, and South Africa. Africoil is a subsidiary that distributes 45 million liters of oil products monthly and has two depots in Boland and Beitbridge. Most of its sales are in South Africa. In Egypt, the company owns the Mena I

Our opinion on the current state of LABAT(LAB)Labat (LAB) is a 57% black-owned investment holding company that listed on the JSE in 1999. The company buys and improves subsidiaries and then sells them for a profit. At the moment, Labat has two operations: South African Micro-Electronic Systems (SAMES) and Labat Logistics. On 14th April 2020, the company announced that it had acquired 70% of Biodata, an East London-based company focused on cannabis healing. The acquisition is to be paid for in shares. The market for cannabis in South Africa

Our opinion on the current state of OCEANA(OCE)Oceana (OCE) is Southern Africa's largest fishing business with significant fishing interests in the US through its Louisiana-based subsidiary Daybrook Fishing. It is listed on both the JSE and the Namibian stock exchange. The company produces canned fish, fish meal, fish oil, hake, and mackerel, as well as lobster and squid. It is subject to quotas issued by the government periodically, which can be affected by moves towards Black economic empowerment. Additionally, weather conditions can signi

Our opinion on the current state of OMNIA(OMN)Omnia (OMN) is a diversified chemicals company supplying products to the agricultural, chemicals, and mining industries in South Africa and 48 other countries. The Agricultural division is the leader in fertilizers in Southern Africa, supplying granular, liquid, and specialty fertilizers in Southern Africa, Eastern Africa, Australia, New Zealand, and Brazil. The mining division is the leading supplier of explosives in South Africa, Mali, Swaziland, Sierra Leone, Malawi, Senegal, Zambia, Zimbabwe

Our opinion on the current state of PRIMESERV(PMV)Primeserv (PMV) describes itself as a "provider of integrated business support services focused on providing client-centric human capital services, spanning staffing and recruitment services, productivity and functional outsourcing services, and training and consulting services." In its results for the six months to 30th September 2023, the company reported revenue up 15% and headline earnings per share (HEPS) up 21%. The company said, "Focus was further intensified on margin management and cost

Our opinion on the current state of RCL RCL Foods (RCL) is a large producer of food, sugar products, and chicken in South Africa, with 80.4% ownership by Remgro. The company owns several well-known South African brands such as 5 Star maize meal, Farmer Brown, and Yum Yum peanut butter. It competes with overseas imports of sugar, chicken, and other foods. RCL was impacted by the listeriosis outbreak, which damaged the market for processed meats and caused costs estimated at about R158 million. The company has also been affected by the

Merafe set for strong upside with gap to close R1.55 Rounding Bottom is forming on Merafe since the gap down, Markets have a strong chance of prices to close gaps. So we just need to wait for the breakout and then the price will most likely to reach R1.55. The analysis is from the last time we mentioned MRF and not much has changed except further confirmation for upside.

M Formation on PPC target set to R2.64 - High probability This is an update on the last analysis made for PPC. There was a Larger M Formation that took place earlier where the target was arounf R2.37. But now with the new M Formation, we can raise the target a little bit higher to R2.64. Price<20 and Price <200MA which sets a high probability analysis... Target R2.64

Impala Platinum showing downside to come to R53.22 M Formation seems to be forming on Implats as well Anglo AMerican PLats. Platinum is showing downside to come and so it will bring down the companies with it. We just need to wait for the breakout to the downside for extra conformation. Price<20 Price>200 Target R53.22

Our opinion on the current state of COPPER360(CPR)Copper 360 describes its business as follows: "The Copper 360 business is focused on (a) processing historical mined copper rock dumps through a process of environmental clean-up, and (b) mining surface and shallow copper resources." The company has acquired (through SHIP) an extensive database from companies such as American Mining Conglomerate Newmont and Global Gold Company Gold Fields who worked the district before. In its results for the year to 29th February 2024, the company reported cop

Our opinion on the current state of MC-GROUP(MCG)MultiChoice (MCG) is a leading entertainment company in Africa and one of the fastest-growing pay-TV broadcast providers in the world with 21.1 million subscribers in 50 countries. The company's 90-day subscriber base is split 42% (8.9 million) in South Africa and 58% (12.2 million) in the rest of Africa. The share was spun out of Naspers and separately listed on the JSE on 27th February 2019. This company is close to an ideal investment for private investors because its income is mostly annui

Our opinion on the current state of SPAR(SPP)Spar (SPP) operates a chain of supermarkets across Southern Africa with 2,402 stores. It also runs the Build-It chain in hardware and building materials and the Tops Liquor chain. Additionally, Spar has operations in Southern Ireland under the name "BWG," which operates through 1,392 stores, and the Spar chain of 388 stores in Switzerland. The company is expanding into Poland with the acquisition of 80% of Piotr i Pawel, which has 77 delicatessens, for 1 euro. This operation is expected to break