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Recently, the group reported a strong set of results of with Revenue + 9% to R8 308 million, Operating profit up 21% to R1 399 million, Operating profit Africa operations up 22% to R975 million, Headline Earnings Per Share +15% to 628.4 cents while cash generated from operations improved to just over 2bn. Total dividends of 393 cents per share were paid. Driving...
Someone seems to be buying Oceana stock every time it drops below R70 since the Q1 results. Volume has remained high since then but some increased volume is again seen last week. Once the accumulation is complete we can expect prices to rise. One to watch.