Calgro settings itself for super upside in 2024
W Formation has formed on Calgro M3.
We haven't had our breakout yet but it's most definitely forming higher lows. ANd it's above the 200MA with a predominant uptrend.
This is all great news for potential upside.
We'll set the first target at R6.03
FUNDAMENTALS:
Calgro M3, a South African property development company, has been experiencing a rally in its stock for several reasons:
Impressive Financial Performance:
Calgro M3 reported strong financial results for the fiscal year ending in February 2023.
This included a significant increase in earnings per share and overall revenue, demonstrating the company's ability to generate sustainable profits and manage costs effectively.
Robust Revenue Pipeline:
The company has a solid revenue pipeline in residential property development, with a forecast of R15.9 billion.
This includes over 22,000 opportunities and the inclusion of a major development project, Frankenwald, which is expected to add at least 20,000 opportunities.
Successful Residential Developments:
Calgro M3 has been successful in its residential property development segment, with a large number of completed and under-construction opportunities.
This success is a key driver of the company's revenue and growth prospects.
We haven't had our breakout yet but it's most definitely forming higher lows. ANd it's above the 200MA with a predominant uptrend.
This is all great news for potential upside.
We'll set the first target at R6.03
FUNDAMENTALS:
Calgro M3, a South African property development company, has been experiencing a rally in its stock for several reasons:
Impressive Financial Performance:
Calgro M3 reported strong financial results for the fiscal year ending in February 2023.
This included a significant increase in earnings per share and overall revenue, demonstrating the company's ability to generate sustainable profits and manage costs effectively.
Robust Revenue Pipeline:
The company has a solid revenue pipeline in residential property development, with a forecast of R15.9 billion.
This includes over 22,000 opportunities and the inclusion of a major development project, Frankenwald, which is expected to add at least 20,000 opportunities.
Successful Residential Developments:
Calgro M3 has been successful in its residential property development segment, with a large number of completed and under-construction opportunities.
This success is a key driver of the company's revenue and growth prospects.
✅ Facebook:
facebook.com/groups/matitrader
🌐Website:
timonandmati.com
𝕏 (Formerly Twitter):
twitter.com/timonr
Trade Well,
Timon Rossolimos
Founder, MATI Trader
(Pro trader since 2003)
facebook.com/groups/matitrader
🌐Website:
timonandmati.com
𝕏 (Formerly Twitter):
twitter.com/timonr
Trade Well,
Timon Rossolimos
Founder, MATI Trader
(Pro trader since 2003)
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.