[:en]Royal Bafokeng Holdings (RBH) is an African community investment company which, together with its sole shareholder, the Royal Bafokeng Nation Development Trust (RBNDT), is entrusted with the unique responsibility of preserving and growing the financial capital of the Royal Bafokeng Nation (RBN) and ensuring its long-term future. RBH manages a portfolio with a net asset value of approximately R32 billion (as at December 2017) consisting of listed and unlisted assets in a diverse range of sectors, including infrastructure, property, financial services, telecoms, resources and industrials, located in diverse geographies. Their annual results for the year ending 31 December 2017 have reported a 9.4% increase in tonnes mined and they have managed to improve their EBITDA (earnings before interest, tax, depreciation and amortization) by 16.4%.
- The possible double bottom (positive) is looking positive for a possible relief bounce.
- The first sign of technical optimism will be visible above line A (R28-24) and above line B (R31-29) we can assume that the momentum wants to turn around to the upside.
- However, the double bottom will only be confirmed above line C (R54-44).
- Below R19-95 the optimism of the double bottom will be wiped off the table.
- For traders – Buy above line A but use R19-95 as stop loss to protect capital. The possible targets towards the top are R28-64, R28-89, R29-34, R29-59, R30-44, R30-88, R31-29, R31-65 and R32-70.
- For medium to long term investors – Sit on your hands for now.
Don't hesitate to ask if anything is unclear.
Kind regards
Frans & Christelle[:AF]
Royal Bafokeng Holdings (RBH) is 'n Afrika-beleggingsmaatskappy wat saam met sy enigste aandeelhouer, die Royal Bafokeng Nation Development Trust (RBNDT), die unieke verantwoordelikheid het om die finansiële kapitaal van die Royal Bafokeng Nation (RBN) te behou, te groei en sy langtermyn toekoms te verseker. RBH bestuur 'n portefeulje met 'n netto batewaarde van ongeveer R32 miljard (teen Desember 2017) wat bestaan uit genoteerde en ongenoteerde bates in 'n verskeidenheid van sektore, insluitende infrastruktuur, eiendomsdienste, finansiële dienste, telekommunikasie, hulpbronne en nywerhede, wat in diverse geografies gebiede geleë is. Hul jaarresultate vir die jaar geëindig 31 Desember 2017 het 'n toename van 9,4% in ton gemyn gerapporteer, en hulle het daarin geslaag om hul EBITDA (verdienste voor rente, belasting, waardevermindering en amortisasie) met 16,4% te verbeter.
- Die moontlike dubbellaagte (positief) maak ons tegnies opgewonde oor ‘n moontlike herstel lopie na bo.
- Bo lyn A (R28-24) kan die eerste teken van ‘n herstel lopie plaasvind en bo lyn B (R31-29) kan ons aanneem dat die tendens na bo wil swaai.
- Die dubbellaagte se positiwiteit sal egter eers bo lyn C (R54-44) bevestig wees.
- Onder R19-95 sal die positiwiteit van die moontlike dubbellaagte van die tafel wees.· Vir spekulante – koop bo lyn A maar gebruik R19-95 as keerverlies om kapitaal te beskerm. Die moontlike teikens na bo is R28-64, R28-89, R29-34, R29-59, R30-44, R30-88, R31-29, R31-65 en en R32-70.· Vir medium- tot langtermynbeleggers – sit eers op julle hande.
Laat weet indien daar enige vrae is.
Frans de Klerk
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