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.
Properties
UPDATE Vukile still building its way to R17,59This is from the last update.
We saw an Inv Head and Shoulders from AUg 2023 to December 2023.
The price then broke above the Brim and the entire market went through an uptrend trajectory.
Higher lows each time, one fakeout, then a continued bullish momentum nuation.
Price remains above the 200MA and 20MA which signals upwards to come.
The target remains at R17.59
ABOUT THE COMPANY
Vukile Property Fund Limited is a notable retail-focused Real Estate Investment Trust (REIT) operating in South Africa and Spain.
Establishment and Listings:
Vukile was established in 2002 and listed on the Johannesburg Stock Exchange (JSE) on June 24, 2004. It expanded its listings to the Namibian Stock Exchange on July 11, 2007.
CEO:
Laurence Gary Rapp has been leading Vukile as its Chief Executive Officer, guiding the company's growth and expansion strategies.
Diverse Portfolio:
The company owns a variety of retail properties across South Africa and Spain, providing a well-diversified exposure across different macroeconomic drivers and a substantial Rand hedge portfolio. Its South African property portfolio includes around 40 properties with a gross lettable area (GLA) of approximately 859,772 square meters.
Recent Achievements:
Vukile has demonstrated resilience and growth, delivering a 10% increase in its cash dividend and updating its FY2024 guidance with positive expectations.
Specialist Focus:
As a specialist retail SA REIT, Vukile focuses on delivering spaces and experiences that exceed customer and tenant expectations, aiming to be the most trusted and respected retail property business in South Africa.
UPDATE: Vukile Properties set for upside in 2024Inv 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
Hyprop showing strong upside with property in SA -R36.35C&H has formed on the daily with the price breaking above the brim level.
Property market in SA is shining and we are seeing this with a couple of stocks.
Other indicators confirm upside including:
7>21
Price>200
RSI>50
Target R36.35
ABOUT THE COMPANY
Hyprop Investments Limited is a South African-based real estate investment trust (REIT) that focuses on owning, managing, and developing shopping centers and other commercial properties.:
REIT Structure:
Hyprop operates as a real estate investment trust (REIT), which means it is required to distribute a significant portion of its earnings to shareholders in the form of dividends.
Property Portfolio:
The company primarily invests in high-quality shopping centers and commercial properties, both in South Africa and other countries.
Retail Focus:
Hyprop's primary focus is on retail properties, and it aims to create appealing shopping destinations that cater to a wide range of consumers.
Diverse Portfolio:
The company's property portfolio includes a mix of shopping centers, office spaces, and other commercial properties.
Shopping Centers:
Hyprop's shopping centers are strategically located in major cities and towns, serving as hubs for retail, entertainment, and social activities.
Notable Properties:
Some of Hyprop's notable properties include
Hyde Park Corner,
Canal Walk, and
Clearwater Mall, among others.
Expansion:
The company has sought to expand its property portfolio both within South Africa and internationally, with a focus on growing its presence in key markets.
HOW IT GOT ITS NAME
Hyprop Investments Limited derived its name from a combination of the words "Hyde Park Property."
The company's name reflects its origins and early focus on property investment in the upscale Hyde Park area of Johannesburg, South Africa. "Hyde Park" is a well-known and affluent suburb in Johannesburg, and it was likely chosen as a symbol of the company's commitment to high-quality real estate investments.
Growthpoint looking to point up after W breakoutW Formation has formed on the property company over the last 3 months.
Today we are seeing a strong breakout to the upside.
Also, the downtrend has broken and the price has moved into a bull market showing strong momentym up.
Other indicators show upside to come:
7>21 Bullish
Price<200 - Bearish but, price action is showing upside to come.
RSI>50
Target R14.44
ABOUT THE COMPANY
Growthpoint Properties Limited is a South African-based real estate investment trust (REIT) and one of the largest property investment companies in the country.
Name:
Growthpoint Properties Limited is commonly known as Growthpoint.
Establishment:
Growthpoint was founded in 1987 and has grown to become a prominent player in the South African property market.
REIT Status:
Growthpoint is classified as a real estate investment trust (REIT), which means it enjoys certain tax advantages and must distribute a significant portion of its earnings as dividends to shareholders.
International Presence:
While primarily focused on the South African property market, Growthpoint has expanded its footprint internationally, with investments in several countries.
Diverse Portfolio:
Growthpoint's property portfolio is diverse and includes office buildings, industrial properties, shopping centers, and retail properties.
Property Assets:
The company owns and manages numerous properties, including landmark buildings and shopping malls across South Africa and abroad.
SOME OFFICES AND SHOPPING CENTRES INCLUDE:
OFFICES:
Sandton City Office Tower
The Place
85 Grayston Drive
Growthpoint Kings Park
The Estuaries
SHOPPING CENTRES:
Canal Walk Shopping Centre
East Rand Mall
The Atrium on 5th
Northgate Shopping Centre
The Constantia Village
Redefine Trade Update still on the way down to R3.20 BUT...Symmetrical Triangle formed last year and the price broke below the apex.
It has been a very slow moving trade analysis, but that's what happens with blue chip companies.
The companies do what they can to fight for the price (and rightfully to do so).
21>7 >200 - Mixed
RSI <50 Bearish divergence
Target R3.20
ABOUT The company
Redefine Properties was founded in 1999 and is headquartered in Sandton, South Africa.
It is also listed on the London Stock Exchange (LSE) as a secondary listing.
Redefine Properties owns and manages a portfolio of over 500 properties valued at more than ZAR 70 billion as of March 2023. The portfolio includes office buildings, shopping centers, industrial properties, and hotels.
The company has a well-diversified customer base, including multinational corporations, small and medium-sized enterprises, and government entities.
They own many famous buildings like
Alice Lane towers (Sandton)
Centurion Mall (Pretoria)
Kyalami Corner
East Rand Mall, Boksburg,
Rose Bank Mall
Benmore Gardens etc...
Redefine showing downside to R3.20 thanks to a Symm TriSymmetrical Triangle formed on Redefine.
We saw the price breakout to the downside.
21>7 >200 MAs - Mixed
RSI <50 Bearish divergence
Target R3.20
ABOUT:
Redefine Properties Limited (Est. 1980s in JHB SA) is a leading South African real estate investment trust (REIT) and one of the largest property owners and managers in South Africa.
It has a diverse portfolio of properties that includes office, retail, industrial, and residential properties.
The company's portfolio of properties is valued at over R100 billion and spans across South Africa and several other African countries, including Zimbabwe, Namibia, and Mozambique.
Ktg running abc last wave ! Indicator show that double bottom boss keep collecting ticket and now running c wave ! hit resistant soon tp 0.4
Emaar Properties Down trend making lower highs and not breaking upside, i will not take this trade till there is shift in the momentum and buyers step in just by making a green candle tomorrow i will not enter the trade. It has to close above 2.80 to change the trend. Since 24th june it made lower high and very bearish. Dont be trapped if it only makes one green candle for a day and come down.
Hit like & follow for your support.
Union PropertiesChange of momentum and bearish now its at the support zone, if it does make a solid green candle that will be a good sign that bulls are here but still not bullish, i will trade this stock crosses a solid resistance of 0.30 area and retest it to confirm the change in trend. Till thn lets stalk this stock and wait for a nice buy chance.
Hit like & follow to show your support.
This industry is primed to suffer more than any other.The chart above shows assorted real estate stocks, they aren't cherry picked and were random (except RAIT Financial), but you can see the trend.
Get the hell out of real estate. Seriously if you have any real estate or RAIT stocks it is a great time to sell. This housing market has gone nuts from the years of 0%. Rental vacancy rates are at a 30 year low and rental prices are through the roof (pardon the pun), with houses that would have a $700 mortgage going for $1200+ with ease. Housing prices are way up too and are around pre-crisis levels.
NO I AM NOT SAYING THIS IS ANOTHER HOUSING BUBBLE. I'm not stupid, c'mon.
Real estate stocks certainly haven't gone crazy in recent years, given residual investor uneasiness about the sector. However, many symbols have made some nice gains since '08 and they are going to get hammered. As you can see on the chart all these symbols are RAITs and real estate and they are sliding already. A rate hike, even if the FOMC says it's only .01%, will be seen as the start of higher interest rates and thus a decrease in home sales. So get some put options on the sector, I'd say go 4-12 months out with strikes 15%+ lower than last price, it'll pay off. Even if Yellen announces no rate hike in Dec., everyone thinks it's coming, and that's all it takes.
The housing market really does need it though, prices are getting a bit too high and rental prices are insane high. Also, don't confuse real estate stocks and bank/financial stocks, banks will benefit from the rate hike (increased lending and profits from interest).