Tongaat (TON) is two businesses - land development and sugar. The company owns 17600 hectares of land of which 9100 hectares along the Natal coast can be developed. The property is valued at R11,7bn. A strategy was developed to own developed properties that can generate rental income - instead of selling them off. 57% of the land between Ballito and Umhlanga known...
The sad fall of the Woolworths share (WHL) price was occasioned by the decision of previous CEO, Ian Moir, and his board to buy David Jones in Australia for AU$2,1bn which has now had R12bn written off its original purchase price of R20bn in 2014. The only aspect sustaining the Woolworths group was its food sales. Woollies announced on 14th January 2020 that they...
An Australian palladium mining company with a secondary listing on the JSE. South PD owns 70% of a South African company called "Miracle upon Miracle" (MUM). In cooperation with the Bengwenyama community the company is engaged in exploration for platinum group metals. The company raised A$19m to explore in the Limpopo bushveld complex where MUM owns the...
Sasfin (SFN) is a banking group that specialises in various types of finance for small businesses and high net-worth individuals. It was listed on the JSE in 1987. The company has been investing heavily into its digital platforms and into acquisitions. The share was in a strong downward trend and we advised investors to wait until there was a measurable turn in...
Trading Analysis for Woolworths on the JSE: Woolworths (WHL) is set to announce their FY23 results on 30th August 2023, following a significant 35% rally since June 2023. However, Their recent trading update revealed that HEPS (Headline Earnings Per Share) fell below expectations, accompanied by negative concerns around load shedding. Currently, the price is...
This is a 2-day chart. The share is higher by 22% from the buy/long signal as per the tactical trading Guide on end of day on Friday 20 October (proof of reading can be provided, just ask!). As per the Tactical Trading Guide, the end of day SHORT TERM reading is currently as follows: "Would not enter a buy/long at current levels. The reward-to-risk is...
Reinet Investments seems to have printed a Head & Shoulders Pattern. The outgoing tide lowers all boats they say. This is the simple line chart view. Please do your own analysis. This is not advice. Smash the Rocket Boost Button if this helped you. Regards Graham.
You know why bear markets are so hard to trade? Because when the market bounces up (just a little), some stocks fly up. ANd this results in stop losses getting hit, before the market comes back down. That's why we need to determine the volatility movement within the indices and stocks and WIDEN stop losses and take profits - to not be victim of these short...
I do not have a high conviction long-term wave count for Aspen. A quick glance at the chart shows a potential double bottom at the 16100 region. The stock looks to have caught a bid with volume increasing from the October 26 low. The double bottom will be confirmed by a break above 18286 but aggressive traders can buy dips below the neckline. The double bottom...
KAP Limited is Up 17% from recent Lows. This Trend Cloud shows the Price Action, Momentum and Clues. Smash that Rocket Boost Button to show your Appreciation for my Study. Regards Graham.
Price has formed a decent looking double bottom at a key support zone. We closed above the 20ema daily yesterday so I'll be looking for a continuation today to target initially R205.50 then R208.50 A daily close below R194 invalidates the idea.
Renergen (REN) describes itself as an "...integrated alternative energy business" which invests in renewable energy projects in Africa. The company listed on the JSE in June 2015 and has been losing money every year since. This is reflected in its falling share price. The company is investing in liquified natural gas (LNG) and helium. Now it is planning to list on...
Orion Minerals (ORN) is an Australian exploration company which is listed on the JSE (September 2017) and on the Australian Stock Exchange in Sydney. It is trying to find funding for its copper and zinc mine in Prieska. The Prieska mine was previously operated by Anglovaal, but stopped operating in 1990 after 20 years during which it extracted more than 1 million...
MC Mining (previously "Coal of Africa") (MCZ) is a small metallurgical coal-mining company with a single producing mine (Uitkomst). Aside from Uitkomst, the company is developing the Makhado project, the Vele colliery and MbeuYashu. The Makhado project is the company's flagship operation in the Limpopo province. It is an opencast mine with a life of 16 years and...
Astral Foods (ARL) is a leading poultry producer in South Africa. The company's activities include integrated broiler operations, where they have a processing capacity of 4,4 million broilers per week; Ross Poultry Breeders, which supplies breeding stock to the South African broiler industry; National Chicks, which is a day-old chick and hatching egg supplier; and...
Impala Platinum Holdings (IMP), or Implats, is the world's third largest platinum group metals (PGM) producer. It has been suffering over the past 7 years from aggressive union action and legislative uncertainty. The CEO says that they are focused "...on developing a portfolio of long-life, low-cost, shallow, modern, mechanised mining assets". This is similar to...
This is a newly formed real estate investment trust (REIT) which says that its strategy is to, "...invest in yield-enhancing assets and areas that offer consistent, long-term rental growth...". The company said, "The investment properties comprise of three properties held by way of leasehold for 40 years, which has been independently valued ahead of the intended...
Glencore (GLN) describes itself as, "...one of the world’s largest global diversified natural resource companies and a major producer and marketer of more than 90 commodities". The group's operations comprise around 150 mining and metallurgical sites, oil production assets and agricultural facilities. With a strong footprint in both established and emerging...