Page 35 | Ideas and Forecasts on Stocks — South Africa — TradingView

$JSEGLN - Glencore: How Far Can The Fifth Wave Go?See link below for previous analysis. Glencore did not take long to reverse after the previous analysis. The stock was in a hurry and did not go low enough to test the lower support channel. The strong reversal from 8708 has prompted an update with wave labelled as a zigzag pattern and price has now broken out of the channel added further evidence that the stock is now in wave . Fifth waves can be very strong in commodity stocks so the question is how far can wave go? Buy the dips, if w

by Loyiso_BlaqueSoros_Mpeta

$JSEDCP - Dischem: Ending Diagonal & Loss of Momentum Caution See link below for previous analysis. Dischem is still trading in the fifth and final wave of the advance from May 2023. Wave is unfolding as an ending diagonal pattern and has surpassed the previous target of 3300 cps. There is also a clear loss of momentum in the stock as new highs have not been confirmed by the MACD thereby giving a bearish divergence signal. The stock can still go much higher though locking in profits is wise at this stage of the trend.

by Loyiso_BlaqueSoros_Mpeta

UPDATE: Life Health Care exceeded our targets big time Life Health Care was presenting a simple Head and Shoulders with a usual drop for a short. The price started off well then went to the entry. Wake up and not only did it go past R15.96 target... The market opened aty R10.80 exceeding our expectations and profits. It's these trades that we absolutely love and can't help but get excited when things go extraordinary to our favour. Now there is a W Formation and the price has broken up. So looking at a Medium Probability setup, we can expect

$JSEOMN - Omnia: 5186 Under Pressure, Will It Hold?See link below for previous analysis. Price has pulled back sharply after reaching 6655 cps. The invalidation level of the bullish outlook at 5186 is under pressure but still holding. What is a positive sign of a potential reversal is the reverse (hidden) divergence as the MACD has made a new low relative to the 2023 low but price has not. I am neutral-to-bullish and will become more bullish once price pushes beyond 6000 cps without first breaking below 5186.

by Loyiso_BlaqueSoros_Mpeta

Our opinion on the current state of STEFSTOCK(SSK)Stefanutti (SSK) is a South African construction company offering services in roads and earthworks, marine construction, concrete structures, bulk pipelines, piling, geotechnical services, open pit contract mining, affordable housing, mine residue disposal, and other areas. It operates in sub-Saharan Africa and the United Arab Emirates (UAE). The company is considering further downsizing to match its falling order book, which will mean retrenchments. The share price has fallen from its high of 2

Our opinion on the current state of SHBCAP(SHC)Shaftesbury Capital is a real estate investment trust (REIT) which invests in properties in London's West End, including Covent Garden, Carnaby, Chinatown, and Fitzrovia. It has a property portfolio worth GBP4.9bn and 2.9m square feet of lettable space in 2000 buildings. The share is listed on the London Stock Exchange (LSE) and on the JSE. The share is obviously a rand hedge, but it has been on a protracted downward trend. In its results for the year to 31st December 2023, the company reported

Our opinion on the current state of MAHUBE(MHB)Mahube (MHB) is an infrastructure holding company which 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 INVLTD(INL)Investec (INL) does specialist banking and asset management in South Africa, Australia, Europe, the UK, and a few other countries. Brexit in the UK has put pressure on Investec shares over the past four years. The decision to separately list its asset management division in the form of Ninety-One has unlocked shareholder value, which is becoming more apparent now that the pandemic is coming under control. The new listing's major challenge has been to convince investors that it is not a South Afr

Our opinion on the current state of HCI(HCI)Hosken Consolidated Investments (HCI) is a BEE investment holding company owned by the South African Clothing and Textile Workers' Union. It has investments in gaming, hotels, media, transport, mining, and property. It owns 47% of a suite of gaming companies, including JSE-listed Tsogo Sun, which owns casinos and hotels, Galaxy Bingo, and Vukani Gaming (which operates gaming machines). They also own the JSE-listed E-Media group, which includes ENCA, Openview HD, and E-Sat TV. In transport, the

Our opinion on the current state of FRONTIERT(FTH)Frontier Transport (FTH) is a bus company whose major asset is Golden Arrow Bus Services, but which also owns Sibanye Bus Services, Table Bay Rapid Transit, N2 Express, Eljosa Travel and Tour, Shuttle Up, and Alpine Truck and Bus. The company says, "The current portfolio is rooted in the commuter bus and luxury coach segments. Through its principal subsidiary Golden Arrow Bus Services, with over 160 years of proven operational expertise." In its results for the year to 31st March 2024, the comp

Our opinion on the current state of EMIRA(EMI)Emira Property (EMI) is a real estate investment trust (REIT) which has substantial exposure to the South African economy through its office properties. It owns the prestigious Knightsbridge office park in Bryanston. It has a new CEO in the form of Geoff Jennett, and the business has been improving consistently since he took over. It 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 is still

Our opinion on the current state of BYTES(BYI)Bytes Technology was spun out of Altron and separately listed on the London Stock Exchange (LSE) and the JSE. At listing, it had a market capitalization of about R13bn, which has subsequently grown to R26.5bn. Altron shareholders received GBP542m in shares and cash at the demerger in a significant release of value. It describes itself as "...one of the UK's leading software, security, and cloud services specialists." The company is the biggest reseller of Microsoft products in the UK and receiv

Our opinion on the current state of BIDCORP(BID)Bidcorp (BID) is a diversified international food company which operates in 34 countries around the world. It was spun out of Bidvest in June 2017 to release shareholder value. We see this as a solid blue chip, rand hedge share which should perform well. About 95% of its income is generated outside South Africa. Bidcorp focuses on the wholesaling and delivery of what it describes as "fit-for-purpose" product ranges which it says will continue to grow strongly. In its results for the six months

$JSEJBL - Jubilee: The Breakout See link below for previous analysis. Jubilee did not waste time breaking out of the falling wedge since the last analysis. Volume has been good on the breakout and for the first time since March 2020, we have a 12/26WEMA cross buy-signal. The longer the stock stays above the resistance line, the greater will be my conviction that a bottom is in at 109 cps. Buy the dips above 109 cps.

by Loyiso_BlaqueSoros_Mpeta

$JSENED - Nedbank: The Breakout See link below for previous analysis. Nedbank has finally broken out of a two year consolidation-continuation pattern. The stock looks set to have its second consecutive weekly close above the resistance line. The breakout has been on average volume but is valid nonetheless. I will maintain a bullish stance above 20000 cps with a medium-term target of a new all-time high.

by Loyiso_BlaqueSoros_Mpeta

Our opinion on the current state of LIFEHC(LHC)Life Healthcare (LHC) is the second-largest healthcare company listed on the JSE main board, operating private hospitals, same-day clinics, surgeries, and healthcare companies in South Africa, the UK (Alliance Medical), and Western Europe. The outgoing CEO, Shrey Viranna, has indicated that the group is shifting its focus from conventional hospitals to day clinics and non-acute services. Additionally, there is an effort to diversify from reliance on medical aid schemes towards serving individual

Our opinion on the current state of 4SIGHT(4SI)4Sight is a Mauritian company that specializes in investing in technologies and companies associated with the "4th Industrial Revolution." This revolution is characterized by cyber-physical systems that integrate cloud computing and the internet of things, exemplified by the development of "smart factories." The company operates in two main areas: mining & manufacturing, and software, cloud, and enterprise solutions. It employs 400 people and serves 3000 customers across 30 countries, with 42% o

Our opinion on the current state of AFORBES(AFH)Alexander Forbes (AFH) is a prominent financial services company that provides asset management, insurance, healthcare, retirement consulting, and wealth management to both corporate and private clients. It operates not only in South Africa but also has a presence in five other African countries: Namibia, Nigeria, Botswana, Uganda, and Zambia. Historically, the company's share price has experienced a significant drop, falling from just over R10 in February 2015 to around 430c today. This decline

Our opinion on the current state of COLLINS(CPP)Collins, previously known as Tradehold, boasts a portfolio of over 140 properties with a total gross lettable area of 1.6 million square meters. Most of these properties are industrial, including major distribution centers and industrial complexes let on long-term triple-net leases to leading corporate clients. Additionally, Collins manages Tradehold’s Namibian portfolio, which includes a number of sought-after properties in major towns such as Windhoek, Walvis Bay, and Gobabis. Originally, Tra

Our opinion on the current state of CORONAT(CML)Coronation (CML) is one of South Africa's largest asset managers and the only one listed on the JSE. Founded in 1993, the company experienced significant growth until 2015. At that point, the founding CEO resigned and was replaced by Adrian Pillay. Despite Pillay's qualifications, the company has faced challenges under his leadership, particularly due to significant losses from investments in African Bank and Steinhoff. These missteps have led to a re-evaluation of Coronation's ability to select

Our opinion on the current state of FINBOND(FGL)Finbond is a micro-lending and insurance operation with a presence in South Africa and America. The company is ambitiously planning to expand in the US, aiming for 70% to 80% of its income to come from that country within the next 3 to 5 years. Currently, 66% of its income is already sourced from the US, a market Finbond views as having significant growth opportunities. Including its operations in South Africa, Finbond operates a total of 694 branches. In its financial results for the six month

Our opinion on the current state of HCI(HCI)Hosken Consolidated Investments (HCI) is a BEE investment holding company owned by the South African Clothing and Textile Workers' Union. HCI has a diverse portfolio that spans across various sectors including gaming, hotels, media, transport, mining, and property. Notably, it owns 47% of a suite of gaming companies including JSE-listed Tsogo Sun, which operates casinos and hotels, as well as Galaxy Bingo and Vukani Gaming, which operates gaming machines. Additionally, HCI owns the JSE-listed E-

Our opinion on the current state of SALUNGANO(SLG)Salungano, formerly known as Wescoal, is involved in the mining and trading of coal, having commenced production in 2021 with coal sourced from its Moabsvelden mine primarily for Eskom. The company has grown substantially, now producing 300 million tons from five coal mines, with mining operations constituting 82% of its revenue. Additionally, Salungano holds a 50% stake in the Arnot Mine and is exploring opportunities to expand its business into other energy sectors. In its financial report fo

Our opinion on the current state of THARISA(THA)Tharisa (THA) is a mining company that mines and beneficiates platinum group metals (PGMs) and chrome. The company is listed in London and on the JSE. The Tharisa mine on the south-west limb of the Bushveld Igneous Complex (BIC) is an open pit operation with an estimated life of 17 years. The company owns a subsidiary, Arxo Metals, which beneficiates chrome to produce high-grade chrome concentrates. The company is planning to expand into the Great Dyke area of Zimbabwe. In our view, this is one