Page 32 | Ideas and Forecasts on Stocks — South Africa — TradingView

Our opinion on the current state of TFG The Foschini Group (TFG) is an international retailer of 28 fashion brands. It has 4,083 trading outlets in 32 countries around the world, with divisions in London and Australia, aside from its extensive presence in the South African market. One of the notable achievements of TFG is its successful business establishment in Australia, where many other retailers (like Woolworths) have failed. TFG bought the Retail Apparel Group (RAG) in Australia for just over $300 million in 2017. TFG has allowed

Our opinion on the current state of NOVUS(NVS)Novus (NVS) is South Africa's largest printing company with 11 printing plants. Until recently, it had the monopoly contract to do all of Media24's printing. However, from 1st April 2018, that contract was reduced to roughly 58% of Media24's printing, and the price paid by Media24 for printing was also reduced. The company appointed a new CEO, Neil Birch, who decided to abandon acquisitions in the short term to focus on consolidating the business and improving its operating performance. The boar

Our opinion on the current state of KIBO(KBO)Kibo (KBO) is an African-oriented energy exploration company listed on the AIM (Alternative Investment Market) on the London Stock Exchange and on the Alt-X (Alternative Exchange) on the JSE. The company began exploration activities in Tanzania (100% of the Mbeya project in coal and other minerals which has been disappointing) but has since expanded to have interests in Mozambique (65% of the Benga coal power station, which they said in announcements on 30th January 2019 and 9th May 2019 was pro

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 formation, AIL has invested in more than forty listed and unlisted investments across a wide range of industries, including telecommunications, 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

bullish flag on Mpact bullish flag mpact aligning with fundamentals. company undervalued

by Zanokuhle_Capital

LHC going up Both fundamental and technical are lining up. Appears to be a promising investment opportunity. The company is significantly undervalued, and the company's financial health looks robust.

by Zanokuhle_Capital

$JSEBTI - Brutish American Tobacco: Looking To Buck Downtrend See link below for previous analysis. BTI stock looks set to buck the trend of lower lows and lower highs. 52180 cps has been holding and the stock has made a first higher low is trending up to make a first higher high. It's still early to call a trend change but it's on the cards.

by Loyiso_BlaqueSoros_Mpeta

$JSEQLT - Quilter: Buy The Dips See link below for previous analysis. The uptrend has resumed after a period of brief consolidation. Buy the dips; the shallow consolidation is evidence that the momentum is to the upside.

by Loyiso_BlaqueSoros_Mpeta

$JSECPI - Capitec: I Count Five Waves & Bearish Divergence See link below for previous analysis. Capitec continued to trend as previously forecasted but now there are two major signs of concern. I count five waves up from the May 2023 low and there is strong price/MACD divergence. Wave 5 can continue further up from here but a break below 196116 cps will confirm that the the five wave advance is complete; a new should see wave 5 extend into new all-time highs. I am neutral at this juncture.

by Loyiso_BlaqueSoros_Mpeta

$JSECFR - Richemont: New All-Time High In Site See link below for previous analysis. The key invalidation level at 215732 cps held and the stock resumed its uptrend for wave 5 of (3). Wave 5 appears to be unfolding as a large ending diagonal and the minimum expectation is for price to make a new all-time high. This may not happen in a straight line so any pullback will present a buying opportunity. Buy the dips.

by Loyiso_BlaqueSoros_Mpeta

$JSEOUT - OUTsurance: Bulls Take A Much Needed Breather See link below for previous analysis. The bulls proved to be more dominant than i anticipated and took the stock to new all time highs. This has prompted an update of the five wave impulse move from March 2020 to 4600 cps. The bulls appear to be taking a breather for wave which has been a shallow correction thus far, further indicating that they are still in charge. Though hard to say where the low will be at this stage, the outlook is still bullish.

by Loyiso_BlaqueSoros_Mpeta

British American Tobacco smoking up to R623.86 Awesome W Formation was made on British American Tobacco. Price broke above the neckline and above the 20 and 200MA. Looks great for upside all the way to R623.86 as the first target. Now the JSE ALSI needs to follow suit for the momentum to continue.

Our opinion on the current state of CAPPREC(CTA)Capprec (CTA) is a fintech company offering payments and payment infrastructure as well as software and services. Patrice Motsepe's African Rainbow Capital (ARC) owns a stake in the company. The payments side of the business is handled through African Resonance and Dashpay, while the software side involves systems development and consulting. The company owns 17.5% of Resonance Australia, a startup business. All the major banks in South Africa are among its clients. In its results for the year t

Our opinion on the current state of NICTUS(NCS)Nictus (NCS) is a furniture and electrical appliance retailer with three stores in South Africa. It also sells short-term insurance through Corporate Guarantee. In its financials for the six months to 30th September 2023, the company reported revenue of R15 million, down from the previous period's R16.6 million, and earnings per share (EPS) of 6.93c compared with a loss of 0.71c in the previous period. The company stated, "We are fortunate to have a strong capital base to carry the group during

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 31st August 2023, the company reported a los

Our opinion on the current state of PAN-AF(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 R1 million. This means that over its life, it will produce revenue of approximately R15 billion, of which R5.3 billion will go back into the economy in the form of mine expenses, creating a highly profitable entity with minimal risks. It will al

Our opinion on the current state of RCL RCL Foods (RCL) is a large producer of food, sugar products, and chicken in South Africa, owned 80.4% by Remgro. The company owns a number of very 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. The company was impacted by the listeriosis outbreak, which damaged the market for processed meats and caused costs estimated at about R158 million. Additionally, the company has been

Our opinion on the current state of BATS(BTI)British American Tobacco (BTI) describes itself as a "leading consumer goods company," which is a euphemistic way of saying that they produce and sell an enormous number of cigarettes and related products worldwide. It is also the second largest company on the JSE after Naspers. In recent decades, cigarette companies have become increasingly oppressed. Their ability to advertise their products and even package them has been severely curtailed in many countries. They are seen to be exploiting an

Our opinion on the current state of 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. It was the first insurance company to achieve level 1 BBBEE status. Recently, the company has been closing its businesses in Mozambique, Mauritius, Zambia, Tanzania, and Swaziland. At the time of the merger between

Our opinion on the current state of SYGNIA(SYG)Sygnia (SYG) describes itself as a "specialist financial services group." It is South Africa's largest provider of exchange-traded funds (ETF) and has a number of unit trusts. The company has R217.7 billion under management and appears to be taking market share away from other asset managers. Sygnia Itrix makes it possible for Sygnia to attract funds looking for offshore exposure. The fact that Sygnia was able to increase assets under management during such a challenging time indicates that it h

Our opinion on the current state of VUKILE(VKE)Vukile (VKE) is a real estate investment trust (REIT) trading on the JSE and the Namibian Stock Exchange. It owns properties directly, shares in other REITs, property in the UK, and a growing portfolio of properties in Spain. Fifty percent of its assets are in Southern Africa, mainly in retail, 46% in Spain, and 4% in the UK. Vukile has a policy of re-investing into its existing properties and has struck a deal with MTN, which has invested R80 million to install fiber into 37 of its malls. Vuk

Brait is not looking good and ready for another 50% crash?Inv C and H has formed, the price not only opened below the brim but opened with a Run away bearish gap. The price is below both 20 and 200SMA> ANd looks like the next target is set to 51 cents. Not great but the charts don't lie.

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 likely close to an ideal investment for private investors because its income is mostl

Our opinion on the current state of AYO AYO is a black-owned technology company that was spun out of AEEI, which still holds a 49.4% stake. The company has been mired in controversy, notably due to a massive R4.3 billion investment by the Public Investment Corporation (PIC), which led to a court action by the PIC. This was finally settled on 31st March 2023, with AYO paying the PIC R619 million. Essentially, PIC pensioners appear to have lost billions of rands. AYO shares listed at R43, fell to as low as 105c, but are now around 305c