H&S formed on Growthpoint.
We mentioned this was one of those low probability trades.
However, the overall trend won (as most of the time it does) and down it went.
The target hit at R11.88
And unfortunately, I see further downside to come.
LOADSHEDDING AND PROPERTY COMPANIES!
It seems like the 6 hour - 12 hour day Eskom load shedding is having somewhat an effect on property companies.
I'm no property expert but I assume there would be problems like:
1. Load shedding can lead to tenant dissatisfaction and increased vacancies.
2. Power outages disrupt property management and maintenance operations.
3. Frequent load shedding creates a negative perception of affected areas. As they say Location, Location Location
4. I imagine the power solutions (generators, alternators etc...) are extremely costly investments for backup with these property companies.
And just in general, power outages are having a broader economic impact, affecting businesses and consumer spending.
We mentioned this was one of those low probability trades.
However, the overall trend won (as most of the time it does) and down it went.
The target hit at R11.88
And unfortunately, I see further downside to come.
LOADSHEDDING AND PROPERTY COMPANIES!
It seems like the 6 hour - 12 hour day Eskom load shedding is having somewhat an effect on property companies.
I'm no property expert but I assume there would be problems like:
1. Load shedding can lead to tenant dissatisfaction and increased vacancies.
2. Power outages disrupt property management and maintenance operations.
3. Frequent load shedding creates a negative perception of affected areas. As they say Location, Location Location
4. I imagine the power solutions (generators, alternators etc...) are extremely costly investments for backup with these property companies.
And just in general, power outages are having a broader economic impact, affecting businesses and consumer spending.
✅ 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.
✅ 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.