Page 37 | Ideas and Forecasts on Stocks — South Africa — TradingView

Our opinion on the current state of STEFSTOCK(SSK)Stefanutti Stocks (SSK) is a South African construction company that has long been a player in both the local and international markets, including sub-Saharan Africa and the United Arab Emirates (UAE). The company offers a broad range of services, including roads and earthworks, marine construction, concrete structures, and more. Despite its diverse service offerings, Stefanutti faces significant challenges that cast a shadow over its investment potential. The construction industry in South Afr

Our opinion on the current state of UPARTNERS(UPL)Universal Partners (UPL) is an investment holding company with a robust portfolio, primarily listed in Mauritius and secondarily on the Alt-X of the Johannesburg Stock Exchange (JSE). Since its inception in 2013, Universal Partners has strategically invested in diverse businesses across various sectors, demonstrating a keen eye for value and growth opportunities. The company's investments include: 1. Dentex Healthcare Group - An entity that owns 56 dental practices in the UK, reflecting UPL's f

DRD: failing its 200-day?A price action below 1590 supports a bearish trend direction. Increase short exposure for a break below 1560. The target price is set at 1420 (just below its 38.2% Fibonacci retracement level). The stop-loss is set at 1720 (just above its 78.6% retracement level). Failing to break above its 200-day simple moving average (which acted as major resistance), might trigger some downside potential.

by Peet_Serfontein

SOL: second move unfolding?A price action above 13700 supports a bullish trend direction. Further bullish confirmation for a break above 13700. The target price is set at 15100. The stop-loss price is set at 12700. Remains a risky trade.

by Peet_Serfontein

Our opinion on the current state of VODACOM(VOD)Vodacom, as South Africa's largest provider of airtime and data for cell phones, plays a crucial role in the telecom sector. It operates as a subsidiary of the international conglomerate Vodafone, facing competition from MTN, Cell-C, and Telkom. The industry has seen a significant shift with a decline in voice revenue, although this has been somewhat offset by a dramatic increase in data usage. One of the challenges Vodacom faces is its ownership structure, with a foreign parent company, which

Our opinion on the current state of STOR-AGE(SSS)Stor-Age (SSS) stands out as the only real estate investment trust (REIT) on the Johannesburg Stock Exchange (JSE) that specializes in the acquisition and operation of domestic storage facilities across major South African cities and the United Kingdom. Currently, the company's operations are distributed with approximately 60% in South Africa and 40% in the UK. Stor-Age anticipates that its UK business will eventually surpass its South African operations in scale. The company owns a total of 74

Our opinion on the current state of RAUBEX(RBX)Raubex is a well-established construction company that started operations in 1974 and went public on the Johannesburg Stock Exchange in 2007. The company operates across three main divisions: construction, materials, and infrastructure. Recently, Raubex has diversified its portfolio in response to the reduction in road-building work, particularly from Sanral, which has significantly cut the value of the tenders it issues. This diversification includes venturing into renewable energy sectors, sec

Our opinion on the current state of CALGRO-M3(CGR)Calgro M3 Holdings (CGR) is a South African developer known for creating large-scale integrated residential properties, rental units, and memorial parks. Since its inception in 1995 and subsequent listing on the Johannesburg Stock Exchange in November 2007, Calgro has specialized in acquiring land, planning developments, and either selling or renting the resultant residential or memorial park units. A significant challenge for Calgro has been dealing with illegal land invasions, which notably i

Our opinion on the current state of ANGLO(AGL)Anglo American (AGL) is a globally diversified mining company that has effectively mitigated the typical risks associated with commodity stocks through strategic diversity in its mineral portfolio and maintaining a robust balance sheet. This diversification helps cushion the impact should any single mineral enter a bear trend, while a strong balance sheet provides the resilience needed to withstand economic downturns. Historically, commodity prices have shown a tendency to follow distinct trend

Our opinion on the current state of TREMATON(TMT)Trematon (TMT) is an investment holding company based primarily in the Western Cape, with a diverse portfolio that includes subsidiaries, joint ventures, and associate companies. The firm initially focused largely on property investments but has since broadened its scope to include various sectors, including both listed and unlisted shares. Among its notable assets is Club Mykonos, a well-known leisure destination. In its financial results for the year ending 31st August 2023, Trematon reported

Our opinion on the current state of SIBANYE-S(SSW)Sibanye (SSW) is a dynamic mining house on an aggressive acquisition spree, accumulating assets in the platinum and gold sectors both in South Africa and the United States, and now expanding into base metals and so-called "green" metals crucial for modern technologies like electric vehicle batteries. Led by Neal Froneman, a respected figure in the mining industry known for his tenacity and deep expertise, the company is under guidance to potentially double in size before his projected retirement

Our opinion on the current state of DRDGOLD(DRD)DRDGOLD (DRD) holds the distinction of being the Johannesburg Stock Exchange's (JSE) oldest listed company since 1895. It was followed by SA Breweries, listed in 1897, which has since been acquired by Anheuser Busch. Today, DRDGOLD focuses on gold surface treatment operations with an all-in sustaining cost (AISC) of extraction at approximately R627,247 per kilogram, contrasting with an average received gold price of R917,996. The company primarily engages in re-treating surface dumps, extracting

Our opinion on the current state of ANGGOLD(ANG)AngloGold Ashanti (ANG) is an international gold producer, once with significant operations in South Africa, including the now-sold Mponeng mine. The company still maintains assets across several countries including the DRC, Tanzania, Ghana, Mali, and the US. It encountered substantial issues in initiating production at the Obuasi mine and faced disputes with the Tanzanian government regarding royalties. Despite divesting from its South African assets, AngloGold has retained its listing on the J

Our opinion on the current state of POWER(PWR)Powerfleet merged with Mix Telematics (MIX), a company specializing in vehicle tracking technology and the Internet of Things (IOT). It operates in various countries including South Africa, Australia, the UK, the US, Brazil, Thailand, and Romania. Being a service company, it boasts very low working capital and receives a significant portion of its income as annuity or debit-order income. This financial model is highly advantageous for private investors as it allows the company to expand its glob

$JSEOMU - Old Mutual: 1115 Invalidated, Now What?See link below for previous analysis. Price broke below 1115 thereby invalidating the outlook that wave (2) was in. I have adjusted the wave count and have wave (2) now at 995 which is the new invalidation level for aggressive longs. The primary invalidation level remains 921cps.

by Loyiso_BlaqueSoros_Mpeta

$JSEPPC - PPC Limited: It's A Slow Grind See link below for previous analysis. It's been a slow grind for PPC since the bottom in 2022. The stock is trending up, albeit at a very gentle sloping channel. I am neutral on this one as fundamentals haven't looked good in a long time. A test of the lower support trendline would be the ideal buy level.

by Loyiso_BlaqueSoros_Mpeta

$JSEMTN - MTN: 7753 Holds For Now, Maintaining Bullish Outlook See link below for previous analysis. MTN had a deep pullback since the previous analysis. Critically, 7753 held and stock looks to be catching big again. This re-test of 7753 can be seen as the bears failing to make a new low which is bullish. I maintain the bullish outlook so long as 7753 holds.

by Loyiso_BlaqueSoros_Mpeta

Our opinion on the current state of NAMPAK(NPK)Nampak (NPK) is Africa's largest packaging company, operating primarily in South Africa and ten other African countries. While 60% of its turnover originates in South Africa, the country contributes only 36% of its trading profit. The rest of Africa accounts for 59% of trading profit and 31% of turnover. Nampak also has a smaller presence in the UK and Ireland. The company produces four types of packaging: plastics, metals, paper, and glass, with the majority of trading profits coming from metal

Our opinion on the current state of LESAKA(LSK)Lesaka (previously known as Net1 UEP Technologies), listed on the Nasdaq and JSE (LSK), is a fintech company offering payment solutions across multiple countries. Their Universal Electronic Payment System (UEPS) provides biometrically secure smart cards that facilitate real-time, offline transactions, enabling users to transact at any moment. In the third quarter ending on 31st March 2024, Lesaka reported revenue of R2.6 billion, an increase from R2.4 billion in the previous quarter, alongside

Our opinion on the current state of PAN-AF(PAN)Pan African Resources (PAN) is a gold producer listed on both the London and Johannesburg Stock Exchanges. With its Elikhulu plant, it is set to produce approximately 700,000 ounces of gold annually at a cost of roughly R450,564 per kilogram, against a current gold price near R1 million. Over its lifespan, the plant is projected to generate around R15 billion in revenue, with R5.3 billion of that reinvested into the economy via mining expenses. The operation is also expected to employ 350 people

Our opinion on the current state of RHODES(RFG)Rhodes (RFG) is a Western Cape manufacturer of convenience foods, started by Cecil John Rhodes in 1896. It has several well-known South African brands like Bisto, Bull Brand, and Hinds. It operates 15 manufacturing plants in South Africa and a fruit processing plant in Swaziland. In its results for the year to 1st October 2023, the company reported revenue up 8.7% and headline earnings per share (HEPS) up 35.3%. The company's debt-to-equity ratio improved to 21.3% from 36.2%, and price inflat

Our opinion on the current state of ENXGROUP(ENX)The enX Group (ENX) is a "...diversified industrial group that provides branded products and services to the petrochemical, fleet management, logistics and industrial sectors." It includes Austro, which distributes wood-working equipment and tooling. Finally, it includes New Way Power, which manufactures, installs, and maintains diesel generators. Its fleet division engages in fleet management and logistics as well as vehicle tracking. Then ENX Petrochemicals produces and markets oil lubricants,

Our opinion on the current state of SAPPI(SAP)Sappi (SAP) is an international manufacturer specializing in paper, dissolving wood pulp (DWP), and paper pulp. The company supplies products to over 150 countries. DWP, a primary component used for clothing and packaging products, is crucial to Sappi's future profitability, although its price fluctuated sharply until demand from China surged in 2021. Civil unrest in July 2021 caused a loss of R220 million in profit, and additional challenges included Durban port backlogs and rising energy costs

$JSEMTM - Momentum: Still Bullish But No Momentum See link below for previous analysis Momentum has consolidated in a tight range since the last coverage. I am still looking for a break above 2270 for more conviction that the trend has changed. I remain bullish on the stock though there is no real momentum behind the attempt to breakout.

by Loyiso_BlaqueSoros_Mpeta