Page 33 | Ideas and Forecasts on Stocks — South Africa — TradingView

Our opinion on the current state of BRIKOR(BIK)Brikor (BIK) is a company that manufactures bricks, roof tiles, and clay pipes. It was listed on the Alt-X in August 2007 and describes itself as "...a diverse manufacturer and supplier of building and construction materials across a broad spectrum of the market from low-cost housing, residential to commercial, industrial, civil engineering, and infrastructure projects and has a brick and coal segment through its subsidiary, Ilangabi Investments." The company is trying to improve its BEE status.

Our opinion on the current state of FTBPROPB(FTB)Fairvest (FTB) is a real estate investment trust (REIT) specializing in investing in smaller rural and non-urban shopping centers that focus on consumers with a lower living standard measure (LSM). It has 131 properties valued at R11.8 billion, broken down as 67% retail, 23% office, and 10% industrial. It also owns 60.9% of Indluplace (ILU) and 5.1% of Dipula (DIB). The company boasts that it is the top-performing REIT in South Africa, with a return to investors of just under 18% for the year.

Our opinion on the current state of HUGE(HUG)Huge (HUG) is a telecommunications, media, and software company with operations in South Africa, Mozambique, Namibia, Lesotho, Swaziland, Botswana, Zambia, and Zimbabwe. It has the following main operating subsidiaries: Huge Cellular (49%), Huge Networks (50.03%), Huge Technologies (100%), Huge Telecoms (100%), Huge Soho (49%), Huge Media (96%), Huge Messaging (100%), and Huge Mobile (100%). The company is involved in payment connectivity, connecting payment terminals of merchants, ATMs, points

Our opinion on the current state of MAHUBE(MHB)Mahube (MHB) is an infrastructure holding company that reversed into Gaia and is involved in large-scale energy, transport, water, and sanitation projects. It is 41.35% owned by the Government Employees Pension Fund (GEPF). The company says, "Mahube Infrastructure owns five renewable energy assets – two wind farms and three solar PV (photovoltaic) farms – all of which were licensed by South Africa’s department of energy in the first round of bids of the renewable energy independent power produce

Our opinion on the current state of MAS(MSP)MAS (MSP) is a real estate investment trust (REIT) that invests in office, commercial, logistics, retail, and hospitality properties in Europe and the UK. This REIT was started by Martin Slabbert and Victor Semionov, who are well known for establishing NEPI - which merged with Rockcastle. They are highly regarded as European property experts. The company is involved in a program to "restructure and grow" its balance sheet. This is being done by selling properties in Western Europe and buying in

Our opinion on the current state of OANDO(OAO)Oando (OAO) is an oil and gas company located primarily in Nigeria. It has listings on both the JSE and the Nigerian Stock Exchange. The problem with a share like this from a private investor's perspective is that it is highly risky. Firstly, it is a commodity share whose fortunes are determined by the international price of oil. Secondly, its business is located in Nigeria, which tends to be politically unstable. Oando's shares are also very thinly traded. On 31st May 2024, the company publish

Our opinion on the current state of SIRIUS(SRE)Sirius (SRE) is a real estate investment trust (REIT), listed on the JSE and the London Stock Exchange (LSE), which specializes in office, manufacturing, and warehousing properties in Germany. The company owns 141 assets with a book value of about 2 billion euros. Obviously, this is a well-managed and growing rand-hedge which was benefiting directly from the recovery of the German economy before COVID-19. The company has formed a joint venture (JV) with AXA Investment Managers in terms of which

Our opinion on the current state of TRUSTCO(TTO)Trustco (TTO) is a financial services group operating out of Namibia and controlled by its CEO, Dr. Q. van Rooyen, who holds just over 50% of the shares. The company has three main areas of activity: (1) insurance & investments, (2) resources, and (3) banking/finance. In its results for the six months to 29th February 2024, the company reported a net asset value (NAV) of NAD128.2c compared with 117.1c in the previous period. The company said, "Group’s profit for the period was NAD 110 million,

Our opinion on the current state of INSIMBI(ISB)Insimbi (ISB) is a group that manufactures and supplies specialist products to the industrial sector. They source, buy, package, and process ferrous and non-ferrous alloys, refractory and foundry materials, plastic blow-moulding, and injection moulding. They recycle metal alloys and provide technical support to users of their products. In its results for the year to 29th February 2024, the company reported revenue down 2% and headline earnings per share (HEPS) down 54%. The company said, "Price

Our opinion on the current state of LEWIS(LEW)Lewis (LEW) is a retailer of furniture and electrical appliances operating through 807 stores under the Lewis (483 stores), Beares (137 stores), Best Home (144 stores), and most recently, United Furniture Outlets (43 stores) brands. Of these, 126 are in neighbouring countries. The company does 65.7% of its business on credit and offers customers credit insurance and other financial products. The company is exposed by the impact of COVID-19 because of its substantial debtors’ book which may be di

Our opinion on the current state of NEDBANK(NED)Nedbank (NED) is the smallest of South Africa's five big banks with a client base of just over 8 million. It has (10-10-18) separated from Old Mutual (which is busy selling its remaining stake). In its results for the year to 31st December 2023, the company reported revenue up 11% and headline earnings up by 11%. The company said, "In 2023 we further increased DHEPS to 3 199 cents, up 14% yoy, and we maintained our #1 NPS ranking among South African banks. Growth trends across average interest-e

Our opinion on the current state of FINBOND(FGL)Finbond (FGL) is a micro-lending and insurance operation which operates in South Africa and America. This company aims to expand in the US to the point where 70% to 80% of its income is derived from that country within 3 to 5 years. It already has 66% of its income coming from the US and believes that the US offers significant growth opportunities. Including South Africa, Finbond has a total of 694 branches. In its results for the year to 29th February 2024, the company reported revenue up 22.8

Our opinion on the current state of EOH Enterprise Outsourcing Holdings (EOH) was Africa's largest information technology company with involvement in almost every aspect of computer applications. At one point, the company had 11,000 staff members, but that has now been reduced to 6,151. It was, until August 2015, the darling of the JSE because it had a long track record of steadily improving profits. It made a peak of R178 per share at a P:E of 35. An unsuccessful attempt to exceed that high (i.e., a double top) came a year later in S

Our opinion on the current state of DIS-CHEM(DCP)Dis-Chem Pharmacies (DCP) listed in November 2016 and competes directly with Clicks (CLS) in the pharmaceutical, medicine, and beauty products markets. It is a family business run by the Saltzman family, who had a controlling stake in the business through a private company, Ivlyn. On 24th August 2021, Ivlyn announced the sale of 7.5% of its shares in a bookbuild, 3.75% to selected management (with a 10-year lock-in) and 10.5% to a BEE consortium. This leaves the Saltzman family's interest at 31.

Our opinion on the current state of CROOKES(CKS)Crookes Brothers (CKS) is an agricultural and property company which was formed in 1913 and listed on the JSE in 1948. The company produces sugar cane, bananas, macadamia nuts, and deciduous fruit, and has a property division. The company owns Renshaw farm, which consists of 1800 hectares between Scottburgh and Umkomaas. Of this, 266 hectares has been re-zoned for development, of which 52 hectares is the subject of a contested land claim. The company has decided to sell the 28 hectares which is

Our opinion on the current state of ADCORP(ADR)Adcorp (ADR) is an employment company with subsidiaries operating in South Africa and Australia. Managerially, efforts have been made in (1) defining and focusing on the core business, (2) reducing costs, (3) strengthening the brand, and (4) transforming the culture. In its results for the year to 29th February 2024, the company reported revenue from continuing operations up 7.7% and headline earnings per share (HEPS) of 83.8c compared with 61.1c in the previous year. The company said, "Persist

Our opinion on the current state of AME African Media Entertainment (AME) is a company which specialises in running radio stations and whose revenue comes principally from advertising on those stations. It has four divisions - (1) Algoa which broadcasts from the Garden Route to the Wild Coast, (2) OFM which broadcasts in the Free State, North-West province, Northern Cape, Southern Gauteng and Northern Natal, (3) United Stations which sells and creates advertising material for the radio stations and (4) Radio Heads which offers media p

FOSCHINI - Warning signs Price action warned of slowing momentum and a change in the state of delivery from BUY to SELL. The stock has pulled back into an area of interest. Failure at R94.50 likely will see it head to swing low. buymeacoffee.com

Our opinion on the current state of AFINE(ANI)Afine (ANI) is a real estate investment trust (REIT) formed in 2021, specializing in acquiring petrol stations. The company acquired five petrol stations in February 2021 and two more in May 2021. In its results for the year to 29th February 2024, the company reported revenue up 2.7% and headline earnings per share (HEPS) down 4.1%. The company said, "Afine’s balance sheet comprised assets of R408.2 million at year-end, consisting of 10 service stations valued at circa R397.8 million. This sho

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 managed through African Resonance and Dashpay, while the software side involves systems development and consulting. The company also owns 17.5% of Resonance Australia, a startup business. Capprec counts all the major banks in South Africa among its clients. In its result

Our opinion on the current state of Delta Property (DLT) Delta Property (DLT) was a level 2 black empowered real estate investment trust (REIT) with a portfolio valued at R11.3bn and a loan-to-value ratio of 44.3%. Roughly 80% of its rental income came from the government or state-owned enterprises such as Eskom. The company specialized in renting buildings to government and quasi-government organizations in major South African cities. During COVID-19, the company's exposure to government leases proved beneficial because those leases continued to be p

Our opinion on the current state of EMIRA(EMI)Emira Property (EMI) is a real estate investment trust (REIT) with substantial exposure to the South African economy through its office properties. It owns the prestigious Knightsbridge office park in Bryanston. Under the leadership of new CEO Geoff Jennett, the business has been consistently improving. The company has about R760m of overseas exposure, mostly to outdoor shopping malls in America, and a further R918m in Growthpoint Australia, but most of its exposure remains in South Africa. It o

Our opinion on the current state of TRUSTCO(TTO)Trustco (TTO) is a financial services group operating out of Namibia and controlled by its CEO, Dr. Q. van Rooyen, who holds just over 50% of the shares. The company has three main areas of activity: 1. **Insurance & Investments** 2. **Resources** 3. **Banking/Finance** In its results for the six months to 28th February 2023, the company reported a loss of NAD 250m and net asset value (NAV) down 13.6% to NAD 1584bn. The company said, "The loss per share was 25.38c, compared to earnings per sh

Our opinion on the current state of ZEDA(ZZD)Zeda is a car rental company unbundled and spun out of Barloworld, with a fleet of 250,000 vehicles and 14 dealerships around South Africa. It holds the license for the Avis brand in South Africa. The company is 55 years old and listed on the JSE on 13th December 2022, with Ramasela Ganda as its CEO. In its results for the six months to 31st March 2024, the company reported revenue up 19%, while headline earnings per share (HEPS) decreased by 15.8%. The company said, "Despite the challenging tr