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 has 15 manufacturing plants in South Africa and a fruit processing plant in Swaziland. In its results for the six months to 2nd April 2023 the company reported revenue up 10,2%...
Richemont (CFR) is the world's second-largest supplier of luxury goods controlled by the Rupert family in Stellenbosch. Its sales are entirely located overseas so it is an excellent rand-hedge. Its luxury brands include Mont Blanc, Cartier, Lancel, Jaeger-LeCoultre, Van Cleef and Piaget. It has boosted online sales to 21% of turnover by acquiring Yoox-Net-A-Porter...
The Foschini Group (TFG) is an international retailer of 28 fashion brands. It has 4083 trading outlets in 32 countries around the world. It has a division in London and one in Australia, aside from its extensive presence in the South African market. One of the notable achievements of TFG is that it has managed to establish a successful business in Australia where...
Kumba Iron Ore has managed to tick most conditions set in October 2022 (see linked idea). We are now approaching the green line while the $DXY is looking to put a reversal. We will be looking at price interaction with the green resistance line. We might see a pullback right below the line which can appear to be consolidation. However some profits can be harvested...
JSE Technical Summary: Short Term The attached graphic is a summary of the relevant regimes for various shares. This helps a trader understand if share is either, overbought, in a high bullish momentum/approaching overbought phase, strong, neutral, weak, high bearish momentum/approaching oversold or oversold. The data/table is subject to change (daily).
See link below for previous update. Hulamin did not kick on from the previous analysis and price is clearly in a consolidation phase. I am seeing a triangle pattern forming which can break out on either side so I am now taking a neutral stance.
Premature W Formation has formed on Motus. Right now it's battling between the sideways formation along with the resistance being the top of the trend line and the boss 200MA... Once it breaks above there, it will test the neckline. If it tackles through the neckline, only then will it look good enough for upside to come. But first, we need to wait for...
See link below for previous analysis. The key level of 22136 has been broken and that means a bottom is not yet in for Sasol. The Elliott Wave count is not yet clear but the downtrend is still clearly intact with the MACD also turning down below the zero line. The next support range is between 19600 to 18388 which is where I will monitor price action.
Sibanye came in with not so good earnings causing price to capitulate, in that process it went lower than R28.60 (21 August price), this represents a cycle failure early into another daily cycle that must lead to a yearly low. We can get a rally from buyers perceiving R28 level as a good buy how since the cycle is failed we can expect price to eventually trend...
Impala Platinum could be printing an Inverse Head and Shoulder Pattern as seen on this simple line Chart. I trust this plays out for those Invested, as we all look for some good news. Use your own discretion when Investing and get Expert Advice. Smash that Rocket Boost Button to show your Appreciation for my Study. Regards Graham.
Which way? Symmetrical Triangles are generally known as Continuation patterns. This means, when the price breaks out it normally moves in the trend of the prior direction... However, the trend has been sideways before this. It's been in the Twilight Zone for over a year. And it gets worse. When the price oscillates up and down in between the 200MA - You know...
To think Adcorp Holdings went from R43 in 2007 down to R3.61 in 2023.... It's just been one long hard road down from there. In case you don't know, Adcorp Holdings is a South African-based workforce management and business process outsourcing company. And due to the bad managenent, poor financials, slow growth and major financial troubles after the Financial...
In May 2023, I wrote to you saying I epxect Barloworld to drop. ANd if you had the patience and just invested in this short, would be paying nicely by now. Not only because the price is down but also with the time held you could have made some interest income from the short. Anyway, there is nothing more confirming than when you have a Bearish formation like...
To think that in January 2023, IMplats was trading at R235.52. Today, in November we're looking at R73.12. And yet, it's been an imperceptible downward journey, that even I am too embarassed to realise today. Hindsight is a Biscuit! Well anyway, the new downward channel is showing more downside to come with volatile (jumpy) highs and lows which can easily...
PPC is a leading manufacturer and supplier of cement, aggregates, ready-mix, lime, limestone, and fly-ash in Africa. It has eleven cement factories in South Africa, Botswana, the DRC, Zimbabwe, Rwanda, and Ethiopia with a total production capacity of 11,5 million tons. It produces aggregates at its Mooiplaas quarry in Gauteng which is the largest aggregates...
Primeserv (PMV) describes itself as a "...provider of integrated business support services focused on providing client-centric human capital services, spanning staffing and recruitment services, productivity and functional outsourcing services and training and consulting services". In its results for the year to 31st March 2023 the company reported revenue up 4%...
Sappi (SAP) manufactures paper, dissolving wood pulp (DWP) and paper pulp internationally and supplies products in 150 countries. DWP is used to manufacture clothing, packaging products and many other applications. DWP, specialty and packaging products were seen as the profit generator in the future, but until recently, the price of DWP had fallen sharply. Then in...
Sephaku (SEP) is a construction materials business in South Africa which supplies ready-mixed cement products and cement to the construction industry. The group consists of 100% of Metier Mixed Concrete and 36% of associate company Sepcem where the remaining 64% is held by Dangote. Obviously, Sephaku is directly impacted by the difficulties in the construction...