See link below for previous analysis. It's been a slow grind for PPC since the bottom in 2022. The stock is trending up, albeit at a very gentle sloping channel. I am neutral on this one as fundamentals haven't looked good in a long time. A test of the lower support trendline would be the ideal buy level.
We were very close to the analysis being null and void. But then, we had a change of wind and the market bounced off the lows heading back to the range. It then broke up and is now on the way to the next target at R3.91 Looks good still.
Falling Flag - Breakout took place on 18 Dec 2024. The price stayed above 200MA but lingered between the range of 20MA. We are seeing lower highs and lower lows. WHich means a broadening formation is forming between the bulls and the bears. There is no strong indication when the price will rally but the analysis does remain the same until the price either...
Santova (SNV) is an international logistics company with a presence across seven countries. The firm specializes in designing and managing global supply chain activities using a client-centric information system. This technology provides enhanced inventory management and more than just tracking and tracing services. Santova has offices in Southeast Asia (Thailand,...
See link below for previous analysis. Price broke below 1115 thereby invalidating the outlook that wave (2) was in. I have adjusted the wave count and have wave (2) now at 995 which is the new invalidation level for aggressive longs. The primary invalidation level remains 921cps.
See link below for previous analysis. MTN had a deep pullback since the previous analysis. Critically, 7753 held and stock looks to be catching big again. This re-test of 7753 can be seen as the bears failing to make a new low which is bullish. I maintain the bullish outlook so long as 7753 holds.
Nampak (NPK) is Africa's largest packaging company, operating primarily in South Africa and ten other African countries. While 60% of its turnover originates in South Africa, the country contributes only 36% of its trading profit. The rest of Africa accounts for 59% of trading profit and 31% of turnover. Nampak also has a smaller presence in the UK and Ireland....
Lesaka (previously known as Net1 UEP Technologies), listed on the Nasdaq and JSE (LSK), is a fintech company offering payment solutions across multiple countries. Their Universal Electronic Payment System (UEPS) provides biometrically secure smart cards that facilitate real-time, offline transactions, enabling users to transact at any moment. In the third quarter...
Pan African Resources (PAN) is a gold producer listed on both the London and Johannesburg Stock Exchanges. With its Elikhulu plant, it is set to produce approximately 700,000 ounces of gold annually at a cost of roughly R450,564 per kilogram, against a current gold price near R1 million. Over its lifespan, the plant is projected to generate around R15 billion in...
Rhodes (RFG) is a Western Cape manufacturer of convenience foods, started by Cecil John Rhodes in 1896. It has several well-known South African brands like Bisto, Bull Brand, and Hinds. It operates 15 manufacturing plants in South Africa and a fruit processing plant in Swaziland. In its results for the year to 1st October 2023, the company reported revenue up...
The enX Group (ENX) is a "...diversified industrial group that provides branded products and services to the petrochemical, fleet management, logistics and industrial sectors." It includes Austro, which distributes wood-working equipment and tooling. Finally, it includes New Way Power, which manufactures, installs, and maintains diesel generators. Its fleet...
Sappi (SAP) is an international manufacturer specializing in paper, dissolving wood pulp (DWP), and paper pulp. The company supplies products to over 150 countries. DWP, a primary component used for clothing and packaging products, is crucial to Sappi's future profitability, although its price fluctuated sharply until demand from China surged in 2021. Civil unrest...
See link below for previous analysis Momentum has consolidated in a tight range since the last coverage. I am still looking for a break above 2270 for more conviction that the trend has changed. I remain bullish on the stock though there is no real momentum behind the attempt to breakout.
See link below for previous analysis Since i started covering Quilter I have stated that a bottom looks in at 1661. What followed was a prolonged period of sideways movement but price always held above 1661. The breakout towards the end of 2024 has been decisive and the recent consolidation looks to be a good entry point as the bulls seem to have the...
Price Action Talking Points Pre-Market JSE Sa mid & large caps: in the short term, it's getting crowded in here. Considering the technical summary below, it is a rarity seeing zero constituents in both the oversold phase and even more so in the high bearish momentum phase. Conversely, the high bullish momentum phase is populated with a remarkable 18 names and...
Renergen (REN) brands itself as an "integrated alternative energy business" focused on renewable energy projects in Africa. Listed on the JSE in June 2015, the company has incurred consistent losses, contributing to its declining share price. Investing in liquefied natural gas (LNG) and helium, Renergen accessed additional funding through a R125 million rights...
Anheuser-Busch InBev (AB InBev), the world's largest brewer, operates in both developed and emerging markets. Listed on the JSE as ANH, the Brussels Stock Exchange as ABI, and the NYSE as BUD, AB InBev announced its intention to list its Asia-Pacific arm on the Hong Kong Stock Exchange to raise around $10 billion, with proceeds aimed at reducing debt. The company...
MultiChoice (MCG) is one of Africa's leading entertainment companies and one of the world's fastest-growing pay-TV broadcasters, with a subscriber base of 21.1 million across 50 countries. The 90-day active subscriber base is split between 8.9 million (42%) in South Africa and 12.2 million (58%) in the rest of Africa. MultiChoice was spun out of Naspers and listed...