Zeder (ZED) is PSG's listed, 43,7%-held, investment holding company in agriculture. Zeder sold its stake (28,6%) in Pioneer Foods (PFG) with a sum-of-the-parts (SOTP) value of R10,7bn to PepsiCo for which Zeder got about R6,41bn - and Zeder declared a special dividend of 230c as a result. Zeder's largest investment now is its 98% stake in Capespan which markets...
Can anyone possibly explain this pattern i have not seen before. Is this Bullish or not? Regards Graham.
Patiently waiting for a weekly close above this level. JSE:ZED could offer a potential 1:3.82 risk/reward trade. Patience.
Zeder has been trading within a defined consolidation channel for 5 months now. The bottom of the channel at 250 was reached once again and acted as a support level for a bounce. Channel players could add at these lower channel support level for a top of the channel target of 275. Watching the top of the channel closely as the previous break in February turned out...
For a brief period Zeder looked like it was breaking from it's consolidation channel between 256 and 275. It broke back into that channel and tested both channel support 256 and resistance 275 levels again. I will be patiently waiting for the 275c level to be tested and broken again. No timeframe on when this will happen. Neutral.
Zeder is trapped in a long resistance zone starting in 2007. Stochastics show mostly oversold positions and their is a nice gap to be closed up to 395 position. I Will wait for a breakout of the zone before entering a position. Coronation holds a 5% share in the company, and seeing that the lockdown has now finally been lifted from the industry in the Western...
If Zeder can hold R2.60 on a closing bases a move to the recent highs is possible. Closing below can target R2.45 and R2.25
After consolidation comes expansion. Watch Zeder for a test of 275 support. If that support hold, it should be very bullish for this share. Stick to a stop loss if it break convincingly back into the channel.
Zeder consolidation between 275 and 256. A break above 275 could open 320 and 340 targets. Waiting
- Price has rallied to test the 200ma and has been rejected - it has broken out of a bearish flag pattern so further weakness is likely towards the lows. -- MANAGE YOUR RISK - - Disclaimer: All ideas are my opinion and should not be taken as financial advice. JSE:ZED
Zeder is consolidating in a channel in anticipation of the Pepsico - Pioneer buyout. Zeder owns 30% of Pioneer Foods. Upside target 540 if the channel breaks to the upside.
A bit of an odd looking bull flag. Targets 550 & 578. All eyes on the Pepsico & Pioneer foods deal of which Zeder owns 30%
Zeder owns 30% of Pioneer Foods. 1100 is the Pepsico price on offer for Pioneer Foods. It looks like an additional 10% upside could be on the table for Zeder at current levels. 533 could act as resistance for further upside.