NYSE:WMT , through its subsidiary, has made a R62/share offer to buyout JSE:MSM shareholders. Great for current shareholders, the offer represents a 62% premium! Historically, share prices rarely move beyond the offer price, unless the offer price is revised a higher price is offered. If you missed this train, askies. Not expecting the share price to drop, but...
A move below Friday's lows of R34.60 will trigger the short idea with a stop loss above R36.30. Target will be R30.
This is not a financial advice - Open to criticism and feedback MSM -MASSMART HOLDING LTD Current Price R24.68 I'll be honest I looked at all timeframe to try and find something bullish about this chart but all I can see is the price going to R20 at the very least. If you want to play this I suggest placing orders at R19.45 - R18.85 or there about to try and...
Massmart has been a serious under-performer in the retail sector this year, shedding some 37% off its levels seen at the end of last year. With the SARB likely to cut interest rates at their meeting next week, perhaps this will be a little kicker for consumers which should benefit most of our local retailers. The share may be just a little too oversold for the...
"On Wednesday the share tested and rebounded off the prior swing lows between 102 and 103.50. This appears to be a range-trading opportunity, with the upside target being the prior highs of 119. " Lester Davids, Trading Desk analyst, Unum Capital. Keep an eye on USDZAR as this will continue to impact South African retailers.
Massmart: Year-to-date, MSM, along with the rest of the SA retail sector has been under siginficant pressure due to a sluggish out for the SA economy as well as a weaker Rand. Since March 2018, the price is down from a high of R178 sliding to a low of R101 in July. Over the last three months we have seen a base develop, with the price recently starting to trade...