Page 42 | Ideas and Forecasts on Stocks — South Africa — TradingView

Our opinion on the current state of PURPLE(PPE)Purple Group (PPE) operates as a dynamic trading platform and asset management company focused predominantly on the private investor market in South Africa. The company stands out for offering the lowest trading fees on the Johannesburg Stock Exchange (JSE), making it a compelling choice for budget-conscious investors. Its operational model is divided into three primary segments: 1. **Easy Equities**: This division democratizes investing by allowing the purchase of fractional shares at exceptio

$JSEPPE - Purple Group: Bullish On Fundamentals & Technicals See link below for previous analysis Purple Group released its interim group results for the six months ended 29 February 2024 yesterday and the market loved it. Highlights: -Group revenue increased by 29.3% to R188.8 million -Group operating expenses decreased by 0.4% to R141.8 -Profit attributable to ordinary shareholders of R10.9 million, compared to a loss of R10.6 million in the prior comparative period, representing an increase of 202.3%. - Group basic and headline earnings per share

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Our opinion on the current state of SIRIUS(SRE)Sirius Real Estate (SRE) is a notable player in the real estate investment trust (REIT) sector, with a significant presence on both the Johannesburg Stock Exchange (JSE) and the London Stock Exchange (LSE). Specializing in office, manufacturing, and warehousing properties in Germany, Sirius manages a portfolio of 141 assets valued at approximately 2 billion euros. This positioning has made it an effective rand-hedge, particularly as it benefited from the German economic recovery prior to the COV

Our opinion on the current state of AH-VEST(AHL)AH Vest, trading under the All-Joy brand, is a significant player in South Africa's condiment market, notably as the country's second-largest producer of tomato sauce. The company is actively expanding its product offerings into ready meals, soups, and canned vegetables, diversifying beyond its traditional sauce lines to capture a broader share of the food market. For the six-month period ending 31st December 2023, AH Vest reported a modest revenue increase of 1.9%, alongside a substantial rise

Our opinion on the current state of SHOPRITE(SHP)Shoprite, Africa's largest grocery retailer and consumer goods company, has navigated intense competitive pressures in the market, which has historically prevented supermarkets from significantly marking up prices due to price competition. The company's share price experienced a significant dip, falling from a high of R275 in March 2018 to around R100 in July 2020, primarily due to market conditions and internal challenges. However, it has since shown a robust recovery, indicating resilience and

Our opinion on the current state of PURPLE(PPE)Purple Group (PPE) is a distinctive entity in the financial sector, specifically tailored for private investors and known for providing some of the lowest trading costs on the Johannesburg Stock Exchange (JSE). The company is segmented into three divisions: Easy Equities, Emperor Asset Management, and GT247. **1. Easy Equities:** This platform is particularly innovative as it allows investors to purchase fractional shares with minimal transaction costs. For example, buying R100 worth of a share

Our opinion on the current state of MC-GROUP(MCG)MultiChoice Group (MCG) is a major player in the African entertainment landscape and ranks among the world’s fastest-growing pay-TV providers, boasting 21.1 million subscribers across 50 countries. The subscriber demographics split with 42% (8.9 million) located in South Africa and the remaining 58% (12.2 million) spread across the rest of Africa. Since its spin-off from Naspers and subsequent listing on the Johannesburg Stock Exchange on 27th February 2019, MultiChoice has positioned itself as

Our opinion on the current state of AH-VEST(AHL)AH Vest (AHL) produces a range of sauces under the All-Joy brand and seeks to diversify into ready meals, soups and canned vegetables. It is the second largest producer of tomato sauce in South Africa. In its financials for the year to 30th June 2023 the company reported revenue up 2,5% and headline earnings per share (HEPS) down 33,2%. The company said, "The gross profit margin decreased by 3.1% from 37.9% to 34.9% in the current year. This was mainly attributable to higher raw material input

$JSEAPN Hitting Double Resistance on the Weekly In week 24 we have closed our long position (see linked idea), Aspen is hitting channel resistance & 100% extension of the fib. Once price sets a swing high, we can be certain that trend reversal has started therefore a short position can be opened.

Aspen Seeking to Push into Weekly Cycle High Aspen is consolidating in a symmetrical triangle, it has good support in the triangle and the median line of Pitchfork. On the weekly perspective we are in time for a half cycle correction hence I expect the price to resolve upwards. The stop-loss is R185.41

$JSECLH - City Lodge: No Clear Pattern, Still Consolidating See link below for previous analysis. City Lodge has not taken off as I anticipated. The stock has continued to consolidate sideways without a clear pattern though we have two areas of support and a resistance zone. I have no view at this stage and I will sit on my hands on this one.

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$JSEBAW - Barloworld: Is The Bottom Finally In? 5883 Hold Key See link below for previous analysis Barlo stock has caught a strong bid at 5883 and the rally looks strong. This give me confidence that wave C is probably complete at 5883. Not one to chase momentum, though the stock can continue higher with little pullbacks, i would like to see consolidation or a three wave pullback that holds above 5883 to join the bulls. The invalidation level of this bullish outlook is a break below 5883.

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Our opinion on the current state of SIBANYE-S(SSW)Sibanye is a prominent mining house that has been aggressively expanding its portfolio, acquiring platinum and gold mines in South Africa and the United States, and is now diversifying into base metals and minerals, particularly those essential for green technologies. The company, under the leadership of Neal Froneman, known for his robust expertise and experience in the mining industry, is on a mission to double its size before his planned retirement around 2024/5. Sibanye has shown interest i

Our opinion on the current state of NUWORLD(NWL)NuWorld, a company established on the JSE since 1987, operates as an importer and exporter of consumer goods, focusing primarily on consumer electronics, appliances, and durables. The company's product lineup includes well-known brands like Telefunken and JVC, alongside a variety of items such as vacuum cleaners, fans, large and small appliances, cell phones, heaters, and liquor. Over the years, NuWorld has maintained a consistent track record of generating profits and distributing dividends, il

Our opinion on the current state of TRANSCAP(TCP)Transaction Capital (TCP) is a diversified company that operates three divisions: minibus taxis, risk services, and holds a 75% stake in WeBuyCars (WBC). Its subsidiary, SA Taxi, dominates the value chain of the minibus taxi industry in South Africa, handling financing, repairs, insurance, and sales. Since its listing in June 2012, TCP experienced a significant compound annual growth in earnings per share of 21% from 2014 until an abrupt halt in 2023 due to a R1.8 billion provision for bad debts

Our opinion on the current state of WEBBUYCARS(WBC)WeBuyCars was separately listed on the JSE on 11th April 2024. It was unbundled from Transaction Capital (TCP) in order to raise capital and to protect it from that company's difficulties in its taxi division. The company has 417,2m shares in issue which began trading on the JSE at around R20 per share giving it a market capitalisation of just over R8,5bn. The company's free float is about 57,5% of its issued shares with significant institutional participation. Read this article for more informa