Saturday, 25 February 2017

MSM

MSM - Massmart is a South African-based, globally competitive, regionally managed Group, invested in a portfolio of differentiated, complementary, focused wholesale and retail formats, each reliant on high volumes and operational excellence as the foundation of price leadership, in the distribution of mainly branded consumer goods for cash. Read more.....

From the weekly data, we can notice that the stock price has traded down, but also has started to recover and made a higher low.  Trading into a symmetrical triangle.

Zooming in on the daily data, we notice that a very important resistance zoon was broken with the support of more than average volume.  The price is currently trading at the long-term trend line.  Supported with these volume numbers, the price might continue and break to new highs.
Analyzing the last price action.  The price is trading in a channel and currently at the upper trend line.  We can expect a pullback, back to 38% or previous breakout level, before continuation.


Results for the 52 weeks ended 25 December 2016 read more....
Massmart, Africa's second largest retail group, comprises four divisions operating in 412 stores, across 13 sub-Saharan countries. Through our widely-recognised, differentiated, retail and wholesale formats, we have leading shares in General Merchandise, Liquor, Home Improvement and basic wholesale Food markets. Our key foundation of high volume, low cost and operational excellence are the enablers of our price leadership.
Massmart's total sales for the year to December 2016 increased by 7.7% over the prior year, with comparable sales growth of 5.4%. Product inflation was estimated at 6.7%, suggesting a real comparable volume decline of 1.3%. Inflation in General Merchandise, Food & Liquor and Home Improvement increased to 5.9%, 7.7% and 4.7% respectively. Our non-SA businesses represented 8.7% (2015: 8.4%) of total sales and grew by 11.2% in Rands and 13.4% in constant currencies, while comparable sales growth in Rands from these territories was 3.1%.
Change in the Dividend Withholding Tax Rate
Shareholders are advised that following the 2017 Budget announcement by the South African Minister of Finance on 22 February 2017, the South African dividend withholding tax rate has been increased from 15.0% to 20.0% with effect from 22 February 2017.


Trade with care as the markets are very unstable and uncertain.
@Duplo123 or join us on Skype

Thursday, 9 February 2017

MNP

MNP - Mondi is an international packaging and paper Group, employing 24,400 people in production facilities across 30 countries. In 2013, Mondi had revenues of E6.5 billion and a return on capital employed (ROCE) of 15.3%. The Group’s key operations are located in central Europe, Russia, the Americas and South Africa. More...

This is a very bullish stock, but the trade action is captured in a box of about 21%, consolidating for more than a year in this range. 


More recent trade action displays some clues to break and starting a new trend.




Trade with caution as the markets are very unstable and uncertain.
@Duplo123 or join us on Skype

Tuesday, 7 February 2017

DRD

DRD has closed outside the box, breaking a long-term high and lots of volume, including MACD, supporting the break.





Trade with caution as the markets are very unstable and uncertain.
@Duplo123 or join us on Skype