Last week our TFG short was closed out for a 133% geared gain, it has since rallied to above R69.00 on optimism around the JET acquisition news.
However, Foshini also announce they are raising about R4bn in a deeply discounted rights issue. Today (21 July) is the last day to trade in the shares to be awarded the rights at a take-up price of R41.90 per share.
What is a rights issue, you m... ››› more
Rand strength over the last two months is now providing another opportunity for you to review offshore investment allocations. I'm always amazed at how many clients scramble for offshore investment after the horse has bolted and dither when they should take action.
Finova's global portfolio returned 2,65% in USD for the 12-month period to 30 June 2020, a period that includes the Covid-19 Marke... ››› more
Bidcorp's share price is hitting a ceiling after a V-shaped recovery from the March lows. The R280 to R290 is an area of congestion for the share price and a sustained break above R290 is unlikely. The downside risk is a return to the R250 level. We'll look at the chart in a minute.
Today marks BidCorp's financial year end and the past 6 months have been a tough environment with significant r... ››› more
Bidcorp's attempted breakout above the R320 per share resistance level failed, this is the third time since 2017 that Bidcorp's share price failed to move above R320.
The share price has pulled back over 3% with further advances unlikely, investors should look to lock in profits as the share price is on a standard deviation of 2.4. This signals a pullback is likely, and a retracement has starte... ››› more
If you've been reading some of my articles in Trading Tips and MoneyMorning, you'll probably know I'm quite a stubborn trader.
Stubborn with the proven strategy and money management rules I've followed for the last 12 years. Stubborn with listening to the media and opinions of others.
And stubborn with the number of shares I watch on a daily basis.
In fact, I only look at 23 shares to tra... ››› more
The Bidvest group recently unbundled its Food Service business and listed it separately on the JSE as Bid Corporation (Bidcorp) - share code (JSE: BID). Bidcorp received a warm welcome on its debut, kicking off the day at R270 a share and closing well up at R304 (giving it a massive market capitalisation of R102bn).
But let's recap quickly…
The reason for this unbundling was to create a ... ››› more
“Francois, what happened? On Monday 30 May my Bidvest shares suddenly dropped by 67%? Isn't this is a blue chip share you recommended for South African Investor members?” - JJ
If you own Bidvest shares you'd have noticed how the share lost 67% on Monday 30 May.
And I'm sure it might have been a shock. Especially because the share is seen as such a safe, consistent share…
Bidvest... ››› more
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