[:en]FirstRand is the biggest bank in South Africa according to their market capitalization of R413m. They have more than 44 000 employees. Their biggest shareholder is Rand Merchant Bank (34%), the PIC (9.2%) and their employees own 5% of the company through an empowerment share scheme. In November last year they announced the R20bn takeover of Aldermore group in the UK. Their interim results for the six months ending December 2017 reported a 9% rise in dividend per share and a 7% rise in normalized earnings.
- The momentum to the bottom is clearly in place but the bull engulfing candle (positive), falling wedge (possibly positive), formed between line A and line B, can easily give a relief bounce if line A changes into a support.
- The share is also heavily oversold (see stochastic indicator).
- The optimism will disappear below line B (R49-41) but above line A (R61-31) the share can give a relief bounce to R64-61, where the formation will play out.
- For traders – Buy above line A but use R49-41 as stop loss to protect capital. The possible targets towards the top are R61-52, R61-77, R62-43, R62-85, R63-47, R63-72 and R64-61.
- For medium to long term investors – The support/resistance of the 200 day moving average (R61-12) is being tested. If you like the share do the same as the traders above.
Don't hesitate to ask if anything is unclear.
Frans & Christelle[:AF]FirstRand is die grootste bank in SA volgens hulle mark kapitalisasie van R413m. Hulle het meer as 44000 werknemers en hul grootste aandeelhouers is Rand Merchant Bank (34%), die Openbare Beleggingskorporasie (9,2%) en hulle werknemers wat 5% van die maatskappy verkry het uit ‘n bemagtigingsooreenkoms. In November verlede jaar het hulle ‘n R20bn oorname van die Aldermore Group in Engeland aangekondig. Hulle tussentydse resultate vir die ses maande geeïndig Desember 2017 het ‘n 9% toename in dividend per aandeel gerapporteer en ‘n 7% toename in genormaliseerde verdienstes.
- Die momentum is steeds duidelik na onder maar die bul oorheersende kers (positief), dalende wig (moontlik positief), gevorm deur lyn A en lyn B, kan dalk ‘n herstel lopie na bo inlui indien lyn A in ‘n steun kan verander.
- Die bul oorheersende kers gee die idee dat hier ernstige kopers in die rondte is.
- Die aandeel is ook oorverkoop.
- Onder lyn B (R59-41) sal die moontlike positiwiteit verdwyn, maar bo lyn A (R61-15) kan die aandeel ‘n herstel lopie insit na R64-61 indien die formasie sy teiken na bo bereik.
- Vir spekulante – koop bo lyn A, maar gebruik dan R49-41 as keerverlies om kapitaal te beskerm. Die moontlike teikens na bo is R61-52, R61-77, R62-43, R62-85, R63-47, R63-72 en R64-61.
- Vir medium tot langtermynbeleggers – die 200 dag bewegende gemiddelde (R61-14) se steun/weerstand word tans beproef. Indien u van die aandeel hou, doen dieselfde as spekulante, maar hou ook by dieselfde keerverlies as deurgegee aan spekulante.
Laat weet indien daar vrae is.
Frans & Christelle[:]
