Rand Merchant Bank Holdings (RMH) has undergone significant transformations in its corporate structure and portfolio. Initially, RMH was established 41 years ago by GT Ferreira, Laurie Dippenaar, and Paul Harris. It was listed on the JSE in 1992 and later spun off Rand Merchant Investment Holdings in 2011. Over the years, RMH had a substantial stake of 34.1% in...
Rand Merchant Bank Holdings (RMH) is a company which used to own 34,1% of Firstrand and, since 2016, has been investing in property. RMBH was started 41 years ago by GT Ferriera, Laurie Dippenaar and Paul Harris and listed on the JSE in 1992 and split off and separately listed Rand Merchant Investment Holdings in 2011. RMH Property was formed with the acquisition...
We will soon see a 15% growth increase on profits and in the next month.
Psalms 16:5 The LORD is the portion of mine inheritance and of my cup: thou maintainest my lot.🙏🕊️
I foresee the company's price share being bullish to gain enough strenght to test the previous highs of 210 before testing the lower highs again of 152
Expect a dip after dividends.
Generally still in an uptrend and not expecting the coming dip to be a catalyst for a trend change. Seeing the general growth, the upcoming dip would be a good time to buy in.
We will relook at the stock movement after the payment.
RMH has fallen back down into a tight triangle
pattern possible a false break down
we will have to wait and see
you could also say it is a wedge pattern forming but due to the short time frame
ie: 2 cycles instead of 10 to 50 cycles i will call it a triangle formation.
The gap that opened after the announcement that they will sell assets and delist is now closed. We need to watch carefully how buyers now respond. Could be an opportunity to add if the neckline of the cup and handle formation holds. Waiting.
