UPDATE: Vukile Properties set for upside in 2024
Inv Head and Shoulders formed on Vukile as of my last update.
The progress has been slow but sure. It broke above the neckline, stayed above the uptrend and 200MA.
So the next target I'm raising even higher. But this time to R17.59
FUNDAMENTALS:
Positive Earnings Release:
Vukile Properties released their first half 2024 earnings showing an increase in earnings per share (EPS) compared to the first half of 2023.
An increase in EPS is typically a strong indicator of a company's profitability and can attract investors.
Dividend Guidance Revision:
The company revised its dividend guidance for the year ending 31 March 2024, which may have been perceived positively by the market, reflecting a strong future outlook.
Management and Board Changes:
There have been management changes announced in recent months, which might have been received well by investors if they believe these changes will lead to better performance or a more positive strategic direction for the company.
Portfolio Value and Performance: '
Vukile's real estate portfolio value has been significant, and the performance of the stock has been exceeding both the industry and the market over the past year, which can boost investor confidenc
The progress has been slow but sure. It broke above the neckline, stayed above the uptrend and 200MA.
So the next target I'm raising even higher. But this time to R17.59
FUNDAMENTALS:
Positive Earnings Release:
Vukile Properties released their first half 2024 earnings showing an increase in earnings per share (EPS) compared to the first half of 2023.
An increase in EPS is typically a strong indicator of a company's profitability and can attract investors.
Dividend Guidance Revision:
The company revised its dividend guidance for the year ending 31 March 2024, which may have been perceived positively by the market, reflecting a strong future outlook.
Management and Board Changes:
There have been management changes announced in recent months, which might have been received well by investors if they believe these changes will lead to better performance or a more positive strategic direction for the company.
Portfolio Value and Performance: '
Vukile's real estate portfolio value has been significant, and the performance of the stock has been exceeding both the industry and the market over the past year, which can boost investor confidenc
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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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