investing

Graphs talk – Nedbank

Nedbank is the fifth largest bank in South Africa according to market capitalization (R44bn). Their financial results for the period ending December 2019 reported the following: headline earnings down 7.3%, revenue up 2.5% and net asset value per share increased by 3.7%. The stochastic indicator is oversold which makes the probability for a bounce to higher levels more likely. The share is caught within falling wedge between line A (R91-09) and line B. The optimism of the formation will be…

Read More

Graphs talk – NEWUSD

This ETF gives you exposure to the Rand against the American dollar. A profit in this ETF is when the Rand weakens against the dollar. The stochastic indicator confirms the oversold position of the Rand, which makes the probability for more weakness more likely. This ETF was caught within a symmetrical triangle and above line B (R18-48) the symmetrical triangle will confirm a bullish pennant, when line B changes into a support. Which implies that the weakness in the Rand…

Read More

Graphs talk – Shoprite 7 May 2020

Shoprite is the largest supermarket retailer on the African continent. Their latest quarterly update for the period ending in September 2019 reported the following: turnover increased by 7.3%, Supermarkets RSA grew sales by 10.3% during the quarter. The Group’s other operating segments, which include the OK Franchise, Computicket, MediRite pharmacies and Checkers Food Services, reported a 6.4% increase in sales. The OK Franchise division grew sales by 8.6%. The stochastic indicator confirms the oversold situation of the share and the…

Read More

Two healthy businesses

Literally. Both Clicks Group and Dis-Chem has shown exponential good growth since listing on the JSE. For Clicks the big year was 1996 and for Dis-Chem it was in November 2016. Clicks Group consists of several market-leading retail brands, namely GNC, The Body Shop, Claire’s, Musica and Clicks. It has more than 870 stores across southern Africa and has the largest retail pharmacy chain in the region with over 545 in-store pharmacies. United Pharmaceutical Distributors (UPD) is South Africa’s leading…

Read More