Murray and Roberts big curve pointing up to R4.75?
I always feel hesitant making big predictions for Penny Stocks. Especially after they've been through hell and more hell.
Well, all I can say is there seems to be some stability around the lows of 49 cents, where the demand and buying keeps pushing the price back up.
So if we get a break above the brim of the cup, we could see this market rally to R4.75.
There does need to be stronger volume coming in to ignite this stock.
ABOUT THE COMPANY
Established in 1902:
Murray & Roberts has over a century-long history, initially starting as a house builder in the Cape Colony.
Global Presence:
Today, the company is recognized as a multinational project life cycle group with operations in Sub-Saharan Africa, Europe, Southeast Asia, and the Americas. They focus on resources, industrial, energy, water, and specialized infrastructure market sectors.
Transformation and Growth:
From 2000 to 2010, the company saw significant growth with its project order book increasing exponentially to R42 billion and revenues quadrupling to R32 billion, partly fueled by the 2010 FIFA World Cup infrastructure investments in South Africa.
Operating Platforms:
Murray & Roberts operates several platforms, including Power, Industrial & Water, and Mining, providing a wide range of services from feasibility studies to construction and maintenance.
Major Projects:
The company has been involved in high-profile projects, such as the Gautrain rapid rail link in South Africa and the Jumeira Palm Islands in Dubai.
Acquisitions and Divestments:
Over the years, Murray & Roberts has made strategic acquisitions like Cementation Africa in 2004 and Clough in 2013, and divested from segments like construction to focus on core areas.
Recent Financials:
As of 2023, they did not declare dividends for several years, reflecting a cautious financial strategy in response to market conditions.
Well, all I can say is there seems to be some stability around the lows of 49 cents, where the demand and buying keeps pushing the price back up.
So if we get a break above the brim of the cup, we could see this market rally to R4.75.
There does need to be stronger volume coming in to ignite this stock.
ABOUT THE COMPANY
Established in 1902:
Murray & Roberts has over a century-long history, initially starting as a house builder in the Cape Colony.
Global Presence:
Today, the company is recognized as a multinational project life cycle group with operations in Sub-Saharan Africa, Europe, Southeast Asia, and the Americas. They focus on resources, industrial, energy, water, and specialized infrastructure market sectors.
Transformation and Growth:
From 2000 to 2010, the company saw significant growth with its project order book increasing exponentially to R42 billion and revenues quadrupling to R32 billion, partly fueled by the 2010 FIFA World Cup infrastructure investments in South Africa.
Operating Platforms:
Murray & Roberts operates several platforms, including Power, Industrial & Water, and Mining, providing a wide range of services from feasibility studies to construction and maintenance.
Major Projects:
The company has been involved in high-profile projects, such as the Gautrain rapid rail link in South Africa and the Jumeira Palm Islands in Dubai.
Acquisitions and Divestments:
Over the years, Murray & Roberts has made strategic acquisitions like Cementation Africa in 2004 and Clough in 2013, and divested from segments like construction to focus on core areas.
Recent Financials:
As of 2023, they did not declare dividends for several years, reflecting a cautious financial strategy in response to market conditions.
✅ 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)
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