HomeHome SearchSearch MenuMenu Our productsOur products

Take profit on Telkom today!

by , 04 June 2019
Take profit on Telkom today!
Telkom released annual results last week and its share price soared after a brief pull back. It has rallied over 50% year to date. Investors were expecting information on the potential property portfolio unlock. Nothing concrete has been delivered.
The CEO Sipho Maseko highlighted “Our strategy to separate our property and mast and tower portfolio to increase management focus and unlock value for the group is bearing fruit.” It’s difficult to quantify the potential value unlock, if there is even anything with net asset value per share of R57.85.
Normalised HEPS increased 22.6% to 722c, which was more than expected. Telkom mobile subscribers increased by 4.5 million to 9.7 million. And the average revenue per user was stable at R100. Subscriber growth of 85.9% in a saturated market is likely to never be repeated. While competition from new kids on the block like Rain will likely curb revenue per user growth due to their cheaper data costs and imminent roll out of 5G in major metros.
Telkom is trading on a PE of 15.18 at R94 per share. At this price the market is pricing in perfection and believe investors should bank profits.
Trader Tip: Traders looking to profit from a pull back, can short TKG with a stop loss above R100. And an interim target price of R82.00 and a longer-term target price of R70.00. Ratchet your stop loss lower to look in profits as the price falls.
Your chance to win on the ICC Cricket World Cup 2019!
Every day thousands of punters are looking for the perfect bet in sports betting! Most people think winning bets is down to blind luck.
And I get that.
But while there is an element of chance involved, the really, really great tipsters out there spend their time analysing hundreds - sometimes thousands - of pieces of data.
Then, that data is collected, collated and analysed. 
It's pretty much a full time job…
And the hard work really pays off.
Take this guy for example…
He's produced winners of up to R1,240 and even a whopping R1,870.
Every Friday evening he sends his readers simple, step-by-step instructions on what bets to place.
In short, it couldn't be easier for ordinary people like you to take advantage of this.
Overall, this trends expert lands a profit in around 67% of his bets.
The week ahead:  
  • Local: Gross Domestic Product (04/06)
  • Results Due: ANA, CTA, CIL, EEL, LAB, LON, SYG (03/06); PGR, STP, VVO (06/06)
Other Economic data releases of interest… 
  • Tuesday: Cash Rate, RBA Rate Statement, GDP, RBA Gov Lowe Speaks (AUS); CPI Flash Estimate (EU); FOMC Member Williams Speaks, Fed Chair Powell Speaks (USA)
  • Wednesday: MPC Member Ramsden Speaks, Services PMI (UK); ADP Non-Farm Employment Change, FOMC Member Clarida Speaks, ISM Non-Manufacturing PMI (USA); Trade Balance (AUS)
  • Thursday: FOMC Member Williams Speaks (USA); BOE Gov Carney Speaks (UK); BOJ Gov Kuroda Speaks (JP), Monetary Policy Statement, Main Refinancing Rate, ECB Press Conference (EU), Trade Balance (CAN)
  • Friday: Average Hourly Earnings, Non-Farm Employment Change, Unemployment Rate (USA); Unemployment Rate (CAN)

Take profit on Telkom today!
Rate this article    
Note: 4.33 of 3 votes

Related articles

Related articles

Trending Topics