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Reunert Ltd.

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$JSERLO - Reunert: Loss of Momentum But Still Pushing UpSee link below for previous analysis. The triangle outlook has been invalidated but prices has continued upwards as forecasted but with much reduced momentum compared to wave . The support trendline is firmly intact but price action has been very choppy from 5370. It is likely that the stock is forming an ending diagonal for wave . I am always cautious when a stock is trading in its fifth wave so I will be neutral to slightly bullish at this juncture.
JSE:RLO
by Loyiso_BlaqueSoros_Mpeta
Our opinion on the current state of RLOReunert (RLO) is a company involved in electrical appliances, electrical engineering, and information communications. The company has been in existence for 130 years and listed for 70 years. It has operations in Australia and Sweden as well as in Zimbabwe, Zambia, and Lesotho. It exports to many countries around the world. Electrical engineering accounts for roughly half of its annual turnover which is about R10bn. In its results for the year to 30th September 2023 the company reported revenue up 24% and headline earnings per share (HEPS) up 16%.The company said, "Improved operating leverage was delivered by the Group as segment operating profit increased by 28% to R1 462 million (2022: R1 140 million). The Group's profit for the year increased by 14% to R959 million (2022: R844 million)". The share trades on a P:E of 10,23 which looks reasonably priced to us. However, its future performance will depend on the rand/US dollar exchange rate, a recovery in the South African economy and increased business from government and quasi-government organisations. Technically, the share was "bumping along the bottom" of a downtrend caused by COVID-19 and, although volatile, has been recovering since.
JSE:RLO
by PDSnetSA
$JSERLO - Reunert Ltd: Medium-Term BullishOn the 28th of November 2022, Reunert released good annual results for its 30 September 2022 financial year end. The salient results were (R'm) Revenue: R11,129m +16% Operating profit: R1,231m +17% Attributable profit: R827m +6% HEPS: 519cps +9% EPS: 520cps 8% Final dividend per share: 224cps +8% The group also stated that it is positioned to deliver an improved performance in 2023. Technically, Reunert is making a strong recovery. Since peaking at R88,75 in August 2018, the stock went through a two year bear market that shed 68,4% of its value. The recovery from the September 2020 bottom has been steady but recent price action from the July 2022 bottom of R36,11 looks impulsive and has tailwinds from improved fundamentals. Trading volumes are also starting to pick up which is a positive signal of money flowing into the stock.
JSE:RLOLong
by Loyiso_BlaqueSoros_Mpeta