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Tiger Brands Limited

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🐯TIGER BRANDS🇿🇦 FORECAST Q2 FY24' : BEARS VS TIGERSOne last bullish impulse before the tank The ranging net income over the years, with worsening free cash flow and okay 12% debt to equity for its industry tells me they arent concerned with growth right now, and the dividend yield is a good strategy but it will backfire cause its a bluff when ur fcf is not easy on the eyes ....But since 2019 the whole Industy has been taking a decline in share price as for the reason i dont know and dont feel like investigating that far it just part of the cycles i guess Conslusion They are maintaing a good defensive position in whatever this industry is going through so price might not complete a full bearish impulse maybe a reversal at the target labelled1 or 2 Financials are here on TV and below on investing.com za.investing.com
JSE:TBSShort
by Bekiumuzi_Dube
Our opinion on the current state of TIGBRANDS(TBS)Tiger Brands (TBS) is a massive, diversified food producer and marketer in South Africa. It produces and sells well-known brands such as Jungle Oats, Tastic Rice, Koo, All Gold, Albany bread, Purity, Renown, Oros, Five Roses, Black Cat, and Fizzer. The company went through extreme difficulties over the listeriosis outbreak, which was linked to two of its factories and an abattoir. The outbreak resulted in the death of over 200 people. The company has insurance that covers any potential losses as a result of the listeriosis problem but does not cover exemplary, punitive, or constitutional damages. On 17th August 2020, the company announced that it had sold its meat processing businesses for R311m, which is considered a very low price. The company is vulnerable to lower consumer spending and rising input prices, especially maize. The Ukraine crisis may push food inputs up by as much as 20%, causing knock-on food inflation. The company is now planning for stage 8 load-shedding. In its results for the six months to 31st March 2024, the company reported revenue down 1% and headline earnings per share (HEPS) up 11%. Price inflation was 8%, and volumes fell 9%. The company said, "In divisions such as Bakeries, the loss in volume was a deliberate strategy to reduce the reliance on sub-optimal promotional activity and improve price realizations. Volume growth in Exports was offset by declines in the Domestic Business." Technically, the share was moving sideways and showing volatility since the COVID-19 low of March 2020. It broke above its long-term downward trendline on 18th July 2022 at 15689c and then rose to 21796c. However, in March 2023, the impact of load-shedding, higher raw materials costs, and constrained consumer spending caused the share price to drop sharply. For the last seven months, the share has been rising, but it remains risky due to its exposure to food prices and consumer spending. On 20th October 2023, the company announced that Tjaart Kruger would take over from Noel Doyle as CEO from 1st November 2023.
JSE:TBS
by PDSnetSA
$JSETBS - Tiger Brands: The Tiger Roars But I Count Five WavesSee link below for previous analysis. Tiger Brands has traded as forecasted. Wave (iii) was ignited by the CEO stepping down and the momentum was sustained with very small pullbacks. Wave (iv) has unfolded as a flat pattern and wave (v) is underway with the invalidation level now raised to 18930. Wave (v) is always risky as it is hard to forecast how it will unfold and how strong it will be but i will maintain a bullish stance above 18930.
JSE:TBSLong
by Loyiso_BlaqueSoros_Mpeta
Our opinion on the current state of TBSTiger Brands stands as a titan in the South African food industry, boasting an extensive portfolio of beloved brands that span a range of food categories. The company's resilience is tested time and again by challenges such as the tragic listeriosis outbreak, rising input costs, and the unpredictable South African consumer market. Despite these hurdles, Tiger Brands has shown an ability to adapt and persevere, as evidenced by its financial performance and strategic decisions. The divestiture of its meat processing businesses in August 2020 for R311m was a significant move, likely aimed at streamlining operations and focusing on core areas where the company holds competitive strength. However, this decision also underscores the complexities and risks inherent in the food production industry. Tiger Brands' vulnerability to fluctuations in consumer spending and input prices remains a critical concern, especially in the context of global crises like the Ukraine conflict, which threatens to exacerbate food inflation. The company's anticipation of stage 8 loadshedding further illustrates the operational challenges posed by South Africa's infrastructure constraints. For the fiscal year ending on 30th September 2023, Tiger Brands reported a modest increase in revenue and HEPS, reflecting the tough trading conditions characterized by high food inflation and consumer price sensitivity. The significant rise in net finance costs, partly due to higher interest rates and a substantial share buy-back program, indicates a strategic approach to managing capital and shareholder value amidst challenging times. The trading update for the four months leading to 31st January 2024 painted a picture of ongoing difficulty, with a slight decline in revenue and notable volume decreases. This performance suggests that Tiger Brands is still navigating the aftermath of previous challenges and adapting to the evolving consumer landscape, which has been notably affected by promotional activities and seasonal sales falling short of expectations. Technically, Tiger Brands' share price trajectory reflects the broader volatility and challenges faced by the company. The break above its long-term downward trendline in July 2022 signaled a potential turnaround, which was subsequently dampened by operational challenges and market pressures. The recent appointment of Tjaart Kruger as CEO marks a new chapter for Tiger Brands, potentially steering the company through its current challenges towards a more stable and profitable future. In summary, Tiger Brands exemplifies the resilience and adaptability required to navigate the complex and ever-changing food industry landscape. While the company faces significant challenges, including rising input costs, consumer spending pressures, and operational hurdles, its strategic decisions and leadership changes signal a commitment to overcoming these obstacles and sustaining its position as a leader in the South African food market.
JSE:TBS
by PDSnetSA
Tigerbrands exausted - Foot off the neck - Coming down to R153After an insane run up and beautiful trade, Tigerbrands has now reached it's peak and has formed an M Formation. We thought the price was going to close below and open below th neckline. Instead there was a largeish exaustion gap. An Exaustion Gap is a gap in the price where no activity took place due to the fact that the current trend (upside) is exausted and now the supply and selling is taking over. So the first target will be down to R153.09
JSE:TBSShort
by Timonrosso
$JSETBS - Tiger Brands: Market Loves CEO AnnouncementSee link below for previous update. The market loved the SENS announcement of the CEO stepping down as the share shot up more than 14% from the open. I am still maintaining the tentative labeling of the down move from 22958. What is key is that 13427 is still holding and price action from 13676 looks impulsive but I want to see five wave up to have a high conviction that a bottom is in at 13427. Any consolidation or pullback for wave (iv) will present buy opportunities.
JSE:TBSLong
by Loyiso_BlaqueSoros_Mpeta
1
Tigerbrands just pounced and set its target to R214.46Rev Cup and Handle has indeed formed on Tigerbrands. And it looks like the buying and demand is on point. However, this is a very aggressive buy point which does not work with my trading demeanour. It looks like this share price rally was fundamentally driven with the CEO stepping down. Tjaart Kruger will replace Noel Doyle as the CEO starting 1 November, Tiger Brands said in a filing on Friday. 7>21 Price<200 RSI>50 Target R214.46 It's looking good for the company and the price as there was strong support around R138.00. We will just have to wait and watch for how it plays out.
JSE:TBSLong
by Timonrosso
1
Tiger Brands heading down to R143.Tiger Brands Symmetrical triangle pattern formed as continuation to a downtrend. Price has broken out. Mas 200>21>7 RSI<50 Target – R143 Tiger – the company Tiger Brands Ltd is a South African packaged goods company that operates in the food, beverages, and healthcare sectors. It is one of the largest consumer goods companies in South Africa and has a presence in several other African countries. Founded in 1921, Tiger Brands has a diverse portfolio of products that includes popular brands in various categories. Some of its well-known brands include Ace instant porridge, Albany bread, All Gold tomato sauce, Beacon chocolates, Jungle Oats, and Tastic rice, among others. The company focuses on delivering quality products that cater to the diverse needs and preferences of consumers. Tiger Brands operates across different segments, including Grains, Consumer Brands, and Export. The Grains division includes the production and marketing of grains and rice products. The Consumer Brands division encompasses various food and beverage products, such as snacks, beverages, cereals, and condiments. The Export division focuses on distributing products to markets outside of South Africa. In addition to its food and beverage offerings, Tiger Brands also has a healthcare division that manufactures and distributes over-the-counter medicines, personal care products, and baby care products.
JSE:TBS
by Sahle
2
TBSAccumulate at current levels or better (lower). Key Drivers: Improving candle structure + emerging from downward trending channel + 14-day RSI at multi-month highs (trending up). Please note that the price could retrace slightly before continuing it's bullish reversal. Upon the share advancing, traders could consider the following: (1) bank/take profit as the share approaches it's target i.e. scale out and/or (2) raise the stop-loss to protect capital. Time stop: 22 November 2023 TRADING LEVELS: Entry: 16241 Target: 17773 Stop-loss: 15108
JSE:TBSLong
by techpers
Tigerbrands is coming down after M Pattern and Downtrend breakM Formation has formed on TBS. This is from the prior downtrend showing difficulties for the company. Now that the price has broken below, there is a higher chance of the market to drop. 200>21>7 Bearish RSI<50 - Downtrend momentum. Target R130.00 CONCERNS: If the JSE ALSI 40 rallies to new highs and breaks out of the Broadening formation, it might slow down the downside for the company. However, with the negative fundamentals kicking in with the bad results as well as the resignation from the CFO. The fundamentals might override the upside for the JSE.
JSE:TBSShort
by Timonrosso
UPDATE: Tigerbrands downside is crashing faster than expectedInverse Cup and Handle formed on Tigerbrands. We were waiting for a break down out of the brim level, but alas we never got the entry level. Instead it gapped down and is already on its away to the target. It was a missed opportunity but we couldn't do anything about it. 200>21>7 RSI<50 Target R134.44 SMC: Buy Side Liquidity Order block formed above the Handle of the C&H. This is where Smart Money came in and swept the buying from retail traders. They SOLD into the buying orders from long traders and stops from short traders. Now the momentum, trend and target is heading down! ABOUT Tigerbrands Establishment: Tiger Brands Limited is one of South Africa's largest and most popular fast-moving consumer goods companies. It was established in 1921 under the name Tiger Oats. Brands: The company owns a plethora of high-profile brands such as Jungle Oats, Tastic Rice, Albany Bread, Oros, KOO, and All Gold. International Presence: Despite its strong South African roots, Tiger Brands has a significant international presence, with export products going to more than 50 countries worldwide. Acquisitions: Over the years, Tiger Brands has made several acquisitions to expand its footprint. This includes the purchase of Dangote Flour Mills in Nigeria, though the venture proved unprofitable and the division was later sold.
JSE:TBSShort
by Timonrosso
$JSETBS - Tiger Brand: The Tiger Has Become BearishTiger Brands had a good run since the first analysis, link below. The stock fell just short of my target of R240,00 and peaked at R229,58. The advance from 13427 to 22958 unfolded in five waves. After a five wave advance, we can expect a three wave correction as a bear minimum. I am tentative on the long-term outlook hence i have not placed a higher degree label of the five wave advance. I have subsequently labelled the correction currently underway tentatively as well. It is interesting to note that the peak of 22958 was reached only two days after the group released a Voluntary trading update for the four months to 31 January 2023. The first leg of the sell-off, wave 1/A is a simple impulsive and was followed by a shallow correction for wave 2/B. The shallow nature of this correction is proof that the bulls are not really keen on taking the initiative. The sell-off for wave 3/C is unfolding as a more complex impulse and wave ((iii)) was triggered by the release of the interim results for the six months ended 31 March 2023 yesterday. The outlook looks gloomy and the market punished the stock for it. I am now forecasting a bounce for wave ((iv)) before further sell-off for wave ((v)) to complete 3/C. Short the rallies is the strategy short-term.
JSE:TBSShort
by Loyiso_BlaqueSoros_Mpeta
Tigerbrands hit our Take profit price at R219.05CHALLENGE TRADE UPDATE: Tigerbrands (TBS) TAKE PROFIT REACHED After a long hold of almost 2 months, Tigerbrands reached our take profit price at R219.05. I was a bit hesitant considering the global chaos and downside that has come down on the markets. But I guess because Tigerbrands is less connected offshore, is the one of the reasons why it's wings were not clipped for movement. The bias is still long and I expect upside to come, but we need to wait for the next Breakout pattern, Follow for more daily trades and analyses :) Trade well, live free Timon MATI Trader Extra news about Tigerbrands if you didn't know: Tiger Brands is a South African multinational food and beverages company that was founded in 1957. The company is headquartered in Johannesburg, South Africa, and is listed on the Johannesburg Stock Exchange. Tiger Brands is one of the largest food companies in Africa, with a diverse range of products that includes grains, confectionery, processed meats, baby food, and beverages. Some of the well-known brands owned by Tiger Brands include All Gold (Doesn't get better than these jams), Tastic, Jungle Oats (Cinnamon is amazing), Bakers, and Albany (Best bread I've ever had in my life). Tiger Brands has operations in over 20 countries in Africa, as well as in Asia, Europe, and the Middle East.
JSE:TBSLong
by Timonrosso