[:en]Tiger Brands, a top 40 listed company is one of the largest manufacturers and marketers of FMCG (fast-moving-consumer-goods) across the African continent. Some of their popular brands that you will recognize are Mrs Balls Chutney, Albany bread, Cross & Blackwell mayonnaise, Junglo Oats, Tastic rice, Black Cat peanut butter, Koo canned foods, Doom and All Gold products. Their latest financial results for the six months ending March 2018 reported a 4% decline in revenue. Operating income declined by 8% and headline earnings per share down by 16%.
- The share is caught within a falling wedge between line A (R326-27) and line B (R303-80).
- Above line A the formation can take the share to R363-65 should the full formation play out.
- The 26 & 9 day moving averages confirm that the sentiment for medium to long term investors is still negative. Only when these two averages cross one another to the upside, can we assume that the sentiment might change to positive.
- The MACD have started to show signs of optimism in the green.
- There are two windows waiting higher between R409-39 and R421-16 and between R438-99 and R441-03.
- Below line C (R315) we can assume that the share would retrace lower down into the wedge.
- For traders – Buy above line A (R326-27) but use line C as stop loss to protect capital. The possible targets towards the top are R334-83, R340-21, R344-56, R348-90, R355-09 and R363-65. Or even higher to close the windows mentioned above.
- For medium to long term investors – The momentum to the bottom is clearly in place and although the share is heavily oversold we don’t have confirmation of a turnaround candle yet. Technically we should wait for a turnaround candle first before we start to accumulate.
Let us know if there are any questions.
Frans & Christelle[:AF]Tiger Brands, 'n top 40 maatskappy, is een van die grootste vervaardigers en bemarkers van FMCG (vinnig bewegende verbruikersgoedere) oor die vasteland van Afrika. Sommige van hul gewilde handelsmerke wat maklik herken word, is Mrs. Ball’s Chutney, Albany brood, Cross & Blackwell mayonnaise, Jungle Oats, Tastic Rys, Black Cat grondboontjiebotter, Koo-blikkies kos, Doom en All Gold produkte. Hul jongste finansiële resultate vir die ses maande wat in Maart 2018 eindig, het 'n afname van 4% in inkomste gerapporteer. Bedryfsinkomste het met 8% gedaal en wesensverdienste per aandeel het met 16% gedaal.
- Die aandeel is vasgevang in 'n dalende wig tussen lyn A (R326-27) en lyn B (R303-80).
- Bo lyn A kan die formasie die aandeel na R363-65 neem indien die volle formasie sou uitspeel.
- Die 26 en 9 dae bewegende gemiddeldes bevestig dat die sentiment vir medium tot langtermynbeleggers steeds negatief is. Eers wanneer hierdie twee gemiddeldes mekaar kruis na bo, kan ons aanvaar dat die sentiment dalk na positief kan verander.
- Die MACD het tekens van optimisme begin toon, toe dit groen gedraai het.
- Daar is twee vensters wat hoër wag tussen R409-39 en R421-16 en tussen R438-99 en R441-03.
- Onder lyn C (R315) kan ons aanvaar dat die aandeel laer af in die wig sal terugtrek.
- Vir spekulante - Koop eers bo lyn A (R326-27), maar gebruik lyn C as keerverlies om kapitaal te beskerm. Die moontlike teikens na bo is R334-83, R340-21, R344-56, R348-90, R355-09 en R363-65. Of selfs hoër om die vensters hierbo te sluit.
- Vir medium- tot langtermynbeleggers - Die momentum na onder is duidelik in plek en hoewel die aandeel sterk oorverkoop is, het ons nog nie bevestiging van 'n omdraai kers nie. Tegnies moet ons eers wag vir 'n omdraai kers voordat ons begin akkumuleer.
Laat weet indien daar enige vrae is.
Frans & Christelle[:]
