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RLO - REUNERT LTD - Will it break to the upside? (2.7 : 1)

JSE:RLO   REUNERT LTD
RLO is one of the better infrastructure plays on the JSE trading net-cash positive with a relatively clean balance sheet despite the COVID losses and impairments. Fundamentally the business has no debt and the valuation is modest with a forward P/E of approx 7.7 and a yield of 8.4% (*Estimates*). Cash flow appears to have recovered well post lockdown and export volumes of electrical components, radar etc. are said to be strong.

Current gross dividend on the table of R1.92 (5.3%) with the last day trading being the 19th of January 2021.
Comment: A strong move up today reversing off the 15EMA with RSI above 50 and other indicators looking positive.

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