It's been the underdog for a while now.
WHich the price just moving sideways since late 2024.
But now it's had a major breakout to the upside.
What's causing it, I'm not sure but we can suspect a few things.
1. Debt Restructuring Complete
Nampak finalized its debt renegotiation, easing investor fears of default.
2. Improved Cash Flow
Asset sales and cost cuts have strengthened free cash flow.
3. Packaging Demand Rebound
Recovery in the FMCG and beverage sectors boosts demand for cans and packaging.
4. Undervalued Stock
The share trades well below book value, attracting value investors.
And the technicals look great.
W Formation
Price above 20 and 200
Target R579.61
WHich the price just moving sideways since late 2024.
But now it's had a major breakout to the upside.
What's causing it, I'm not sure but we can suspect a few things.
1. Debt Restructuring Complete
Nampak finalized its debt renegotiation, easing investor fears of default.
2. Improved Cash Flow
Asset sales and cost cuts have strengthened free cash flow.
3. Packaging Demand Rebound
Recovery in the FMCG and beverage sectors boosts demand for cans and packaging.
4. Undervalued Stock
The share trades well below book value, attracting value investors.
And the technicals look great.
W Formation
Price above 20 and 200
Target R579.61
✅ 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.