Get started
RENERGEN LIMITEDRENERGEN LIMITEDRENERGEN LIMITED

RENERGEN LIMITED

No trades
See on Supercharts
Overview Financials News
Ideas
Discussions Technicals Seasonals

RLT trade ideas

Renergen $JSEREN Almost Time to Load-upThe price for Renergen has been in a downtrend since rejection on the upper resistance of the broadening wedge. Ideally price must find support at the lower support trendline in blue. This should give price a good bounce initially to more than R30 or some 40% capital gain where profit can be harvested leaving some capital invested with increased price action monitoring. Recent volume shows capitulation which is somethin you always want to see near the bottom or turning point. Risk : If the broader market turns downwards then Renergen risks falling out of the broadening wedge preparing price to visit the pre-covid levels. These risks will be assessed into 2023 with updates.
JSE:RENLong
by runyamhere
2
REN.JSE Renergen Prints a Rounding Bottom.Renergen Prints a Rounding Bottom Pattern which is Bullish. I had parked this one in my Bottom Drawer, almost gave up on any Hope. Last had a look in early January. Seeing the recent price action made have another look, and it's starting to look good. Seems the recent incoming JSE Tide on Commodity Stocks could be lifting many boats. The Chart is self Explanatory. As always, please get a few outside Expert's Advice before taking Trade or Investment Decisions. Should you appreciate my Chart Studies, Smash That Rocket Boost Button. It's Just a Click away. Regards Graham. PV = FV/(1+r)^t Present Value = Future Value / (1 + R Rate of Return ) ^ Time.
JSE:RENLong
by hitchcoxg
Our opinion on the current state of RENERGEN(REN)Renergen (REN), an alternative energy company, focuses on renewable projects in Africa and has invested in liquefied natural gas (LNG) and helium. Since listing on the JSE in 2015, the company has faced financial challenges, with its share price reflecting continued losses. Despite this, Renergen has managed significant milestones, including a R125 million rights issue to secure additional financing and an IPO on the ASX, which was oversubscribed. The company holds claims of proven helium reserves exceeding 6 billion cubic feet and has received substantial funding, including $750 million from Standard Bank and the International Development Finance Corporation to support its Virginia Gas project. For the six months ending 31st August 2024, Renergen reported a slight increase in revenue to R25.6 million, up from R23.8 million, but a widening headline loss per share to 45.73 cents from 29.87 cents in the prior period. The loss was attributed to increased operating costs, including higher employee expenses, depreciation, professional fees, insurance, maintenance, and interest expenses, alongside a lower deferred tax credit. These were somewhat offset by other operating income, mainly from foreign exchange gains. Although Renergen began producing liquid helium for sale as of August 2024, which initially boosted the share price, the rally was short-lived. Given its volatile nature and continued losses, Renergen presents a high-risk, speculative opportunity. We advise investors to exercise caution and consider waiting for a more sustained upward trend before further investigation.
JSE:REN
by PDSnetSA
Our opinion on the current state of RENERGEN(REN)Renergen (REN) is an integrated alternative energy company focused on renewable energy projects in Africa, particularly in liquified natural gas (LNG) and helium. Listed on the JSE in June 2015, Renergen has faced ongoing financial challenges, reflected in consistent losses and a falling share price. Despite this, the company has been making strategic investments to position itself as a key player in the energy and helium sectors. The company raised R125 million through a fully underwritten rights issue, enabling access to a R218 million loan facility. Its initial public offering (IPO) on the Australian Stock Exchange (ASX) was more than twice oversubscribed. Renergen claims to have proven helium reserves of over 6 billion cubic feet, and the US government identified helium as critical to national security in 2018, driving up prices by 135%. Notable developments include: - 10th December 2020: Announcement of the development of an aluminium case that can keep vaccines cold for up to 30 days, a potential game-changer for the company. - 21st June 2021: Helium discovery at Evander with a concentration of 1.1%. - 9th March 2021: Significant gas strike in the Karoo. - 12th April 2021: First deal to sell helium was concluded. - 3rd November 2021: A 620% increase in 1P helium reserves was announced, causing a share price spike. - 7th June 2023: Renergen secured $750 million in additional funding from Standard Bank and the International Development Finance Corporation for the Virginia Gas Project (VGP). In its results for the year ending 29th February 2024, Renergen reported revenue growth of 128.4%, but a headline loss of 75.07c per share, up from a loss of 19.89c in the previous period. The company cited unexpected operational challenges at the VGP, its primary asset, related to LNG and helium operations. Despite these challenges, the company now holds 94.5% of the VGP after selling a 5.5% stake to MGE. For the six months ending 31st August 2024, Renergen projected a headline loss of between 42.7c and 48.7c per share, compared with a loss of 29.87c in the previous period. The company remains a speculative investment, given its volatility and the operational risks it faces. On 12th August 2024, Renergen announced that it was fully online and producing liquid helium for sale, which caused the share price to jump and break above its long-term downward trendline. However, this break was short-lived, and the stock remains in a volatile and uncertain position. Investors should exercise caution, particularly in the short term, and consider waiting for more stable signals of growth before further investigation. Renergen may offer speculative opportunities, but its risks are significant.
JSE:REN
by PDSnetSA
Renegen Limited (JSE: REN) | Potential Bullish Reversal?Overview: Renegen Limited has recently made headlines by successfully bringing its liquid helium (LHe) production train online at the Virginia Gas Project in South Africa. This is a significant milestone, positioning the country among a select few capable of producing liquid helium for the global market. With the Phase 1 plant now fully operational and accumulating inventory for imminent sales, Renergen's fundamental outlook has improved considerably. Technical Analysis: 🔍 Current Trend: The stock has been in a persistent downtrend since July 2022, forming lower highs (LH) and lower lows (LL). However, a recent change of character (CHoCH) near the Discount zone around 1,149 ZAR could suggest the beginning of a trend reversal. 💡 Key Levels to Watch: Resistance: The Equilibrium level around 2,500 ZAR serves as a crucial resistance point. A strong break above this level with volume could signal a shift towards bullish momentum. Support: The Discount zone between 1,250 ZAR and 1,750 ZAR acts as a strong support area where buyers have shown interest before. Trade Idea: Given the promising fundamental developments and the technical setup, a potential long trade could be considered if Renegen breaks above the 2,500 ZAR resistance level. Targets could be set around the Premium zone between 3,750 ZAR and 4,200 ZAR, with a stop loss just below the Equilibrium level to manage risk. Risk Management: The stock is still in a broader downtrend, so a cautious approach is advised. Consider waiting for confirmation of the breakout before entering the trade, and always manage your risk by setting appropriate stop-loss levels. Fundamental Catalyst: The successful operationalization of the liquid helium plant and the upcoming sales could drive investor interest, leading to potential upside in the stock price.
JSE:REN
by Mike_SnD
Our opinion on the current state of RENERGEN(REN)Renergen (REN) describes itself as an "integrated alternative energy business" that invests in renewable energy projects in Africa. The company listed on the JSE in June 2015 and has been losing money every year since, which is reflected in its falling share price. Renergen is investing in liquified natural gas (LNG) and helium. The R125m rights issue was fully underwritten and enabled it to access a R218m loan facility. Its initial public offer (IPO) on the Australian Stock Exchange (ASX) was more than two times oversubscribed. It claims to have proven helium reserves of over 6bn cubic feet. On 18th May 2018, the US government identified helium as critical to national security, causing the price to rise by 135%. On 10th December 2020, the company announced the development of an aluminum case that can keep vaccines cold for up to 30 days, which could be a game changer. On 21st June 2021, the company announced a helium discovery at Evander with a concentration of 1.1%. On 9th March 2021, Renergen announced a significant gas strike in the Karoo, and then on 12th April 2021, it announced that it had concluded its first deal to sell helium. In an announcement on 3rd November 2021, the company announced a 620% increase in 1P helium reserves, which caused the share to spike upwards. The announcement of the first production of liquid helium from its Virginia gas project caused the share to rise by just over 9%; however, it remains in a long-term downward trend. On 7th June 2023, the company announced that it had received $750m in further funding from Standard Bank and the International Development Finance Corporation for its Virginia Gas project. In its results for the year to 29th February 2024, the company reported revenue up 128.4% and a headline loss of 75.07c per share compared with a loss of 19.89c in the previous period. The company reported "some unexpected operational challenges at the VGP, the Group’s primary asset of which it now holds 94.5% subsequent to the sale of the 5.5% stake to MGE (“MGE Transaction”), relating to the LNG and helium operations." The share may be a speculative opportunity, but it is very risky and volatile. We advised at least waiting for the share price to break up through its long-term downward trendline before investigating further. On 12th August 2024, the company announced that it was fully online and producing liquid helium for sale. The announcement caused the share price to jump, breaking above its long-term downward trendline. We advise caution, at least in the short term.
JSE:REN
by PDSnetSA
Our opinion on the current state of RENERGEN(REN)Renergen (REN) brands itself as an "integrated alternative energy business" focused on renewable energy projects in Africa. Listed on the JSE in June 2015, the company has incurred consistent losses, contributing to its declining share price. Investing in liquefied natural gas (LNG) and helium, Renergen accessed additional funding through a R125 million rights issue and a R218 million loan facility. Its IPO on the Australian Stock Exchange (ASX) was oversubscribed by over two times. The company claims proven helium reserves exceeding 6 billion cubic feet. Helium was identified as a critical resource for U.S. national security in 2018, significantly boosting prices. In 2020, Renergen announced the development of an aluminum case capable of maintaining vaccines at low temperatures for up to 30 days, which has the potential to be a significant innovation. The company also reported a 1.1% helium discovery at Evander in June 2021 and a major gas strike in the Karoo in March 2021. Additionally, in April 2021, it secured its first helium sales deal. In November 2021, a 620% increase in 1P helium reserves was announced, leading to a spike in the share price. Despite these positive developments, Renergen's share price remains in a long-term downtrend. Further funding of $750 million was secured in June 2023 for the Virginia Gas project (VGP), which is its primary asset. In its latest financial results for the year ending February 29, 2024, the company reported a 128.4% increase in revenue but a headline loss of 75.07 cents per share, compared to a 19.89 cents loss previously. Renergen acknowledged operational challenges at the VGP, which remains risky and volatile. Investors should approach with caution and consider a break above the long-term downward trendline before delving further, though such a breakout does not appear imminent.
JSE:REN
by PDSnetSA
Our opinion on the current state of RENERGEN(REN)Renergen Limited describes itself as an integrated alternative energy business with a focus on investing in renewable energy projects across Africa. Since its listing on the Johannesburg Stock Exchange (JSE) in June 2015, the company has consistently reported financial losses, reflected in a declining share price over the years. Despite these challenges, Renergen has pursued significant ventures, particularly in the liquified natural gas (LNG) and helium sectors. The company successfully secured funding through a R125 million rights issue, fully underwritten, which facilitated access to a R218 million loan facility. Renergen's appeal to investors was further evidenced by its initial public offering on the Australian Stock Exchange (ASX), which was more than two times oversubscribed. A key asset for Renergen is its significant helium reserves, reportedly exceeding 6 billion cubic feet, an element that the U.S. government in 2018 classified as critical to national security, significantly impacting its market value. Noteworthy developments for Renergen include the introduction of an innovative aluminum case designed to maintain vaccine temperatures for up to 30 days, announced on December 10, 2020. This innovation has the potential to be transformative in vaccine logistics, especially in regions with limited cold storage facilities. On June 21, 2021, the company also reported a notable helium discovery in Evander with a 1.1% concentration. Moreover, significant strides were made with a substantial gas find in the Karoo and subsequent sales agreements for helium, marked by a 620% increase in 1P helium reserves announced on November 3, 2021, which notably boosted the company's stock. Despite these advancements, Renergen's financial performance remains a concern. For instance, on June 7, 2023, Renergen secured an additional $750 million funding from Standard Bank and the International Development Finance Corporation for its Virginia Gas project. The project's progress was highlighted in the half-year results to August 31, 2023, where Renergen reported the production of 2,386 tons of LNG and confirmed the approval of substantial senior debt funding. The third quarter of 2023 saw further operational progress with eight wells spudded, including an early successful strike. However, Renergen's financial state continues to be precarious as evidenced by its trading statement for the year ending February 29, 2024, projecting a headline loss significantly wider than in the previous period. While Renergen's ventures in the renewable energy and helium sectors present speculative opportunities for investors, the inherent risks and ongoing financial volatility suggest caution. Potential investors should consider the company's long-term financial health and market conditions. Waiting for a positive shift in the share price trajectory—breaking through its long-term downward trendline—may be a prudent approach before committing to investment. This consideration is essential to mitigate risks associated with the speculative nature of Renergen's business model.
JSE:REN
by PDSnetSA
Renergen with probabilities of a rise before free falling.The last time we looked at this instrument was in August 2023 when it was predicted that price may fly or decide to take a dunk to levels around R9.50 to cover the right shoulder downward-projection of the "Head and Shoulders" pattern that was painted if it breaks the neckline. Price proceeded to impulsively break the neckline towards the end of September 2023 and went on a free fall to find support around R9.00 in October 2023. Looking at current price action, the instrument has since been creeping to retest the broken neckline but it is worryingly doing so in what seems to be developing into a bearish flag which if validated could see price tumble from R17.80~ R19.70 where there is strong supply, all the way down to the lows painted between April and September 2019 resting around the R6.90~R7.50 zone. Over the coming trading periods, we may possibly see buyers sitting at the mini-demand zone between R11.50 ~ R12.80 taking price over a +38% sprout back to the strong supply zone around R17.80 ~ R19.70 (Which is also where price will meet the 50 Week EMA as the instrument has been trading well below it). Long term investors will want to see this supply zone being overcome and price holding steadily above R19.70. Should this supply still show that the Bears are not in hibernation, a free fall to R6.90 ~ R7.50 will be on the cards. A strong slip below these levels could place the instrument at risk of future liquidation as it would be chasing the downward projection of the heigh of the Head from the H & S pattern that terminates well below "Penny Stock" levels. It must be noted that a slip below R11.50 before sniffing the R17.80 ~ R19.70 zone could signal possibilities of bottoming out at R9.00 before a move higher. Current sentiments: NEUTRAL, with short-term bullishness coming with a test and confirmation of R11.50~R12.80. Long term bullishness will step in with a successful test and confirmation of levels around R9.00 if we slip below R11.50 before reaching at least R17.80.
JSE:REN
by Source_Sailor
Our opinion on the current state of RENRenergen (REN) describes itself as an "...integrated alternative energy business" which invests in renewable energy projects in Africa. The company listed on the JSE in June 2015 and has been losing money every year since. This is reflected in its falling share price. Renergen is investing in liquified natural gas (LNG) and helium. The R125m rights issue was fully underwritten and enabled it to access a R218m loan facility. Its initial public offer (IPO) on the Australian Stock Exchange (ASX) was more than two times over-subscribed. It claims to have proven helium reserves of over 6bn cubic feet. On 18th May 2018, the US government identified helium as critical to national security causing the price to rise by 135%. On the 10th of December 2020, the company announced the development of an aluminium case which can keep vaccines cold for up to 30 days. This could be a game changer. On 21st June 2021 the company announced a helium discovery at Evander with a concentration of 1,1%. On 9th March 2021, Renergen announced a significant gas strike in the Karoo and then on 12th April 2021 it announced that it had concluded its first deal to sell helium. In an announcement on 3rd November 2021 the company announced a 620% increase in 1P helium reserves - which caused the share to spike upwards. The announcement of the first production of liquid helium from its Virginia gas project caused the share to rise by just over 9% - however, it remains in a long term downward trend. On 7th June 2023 the company announced that it had received $750m in further funding from Standard Bank and the International Development Finance Corporation for its Virginia Gas project. In its results for the six months to 31st August 2023 the company reported that it had produced 2386 tons of LNG and had, "Approval of senior debt funding by the DFC (US$500.0 million) and SBSA (US$250.0 million), subject to conditions precedent." In an update on the 3rd quarter of 2023 the company reported, "8 wells spudded, with an early strike on the first well producing 115,000 standard cubic feet per day and 3.3% helium concentration." The share may be a speculative opportunity, but it is very risky and volatile. We advise at least waiting for the share price to break up through its long-term downward trendline before investigating further - which may be imminent.
JSE:REN
by PDSnetSA
Our opinion on the current state of RENRenergen (REN) describes itself as an "...integrated alternative energy business" which invests in renewable energy projects in Africa. The company listed on the JSE in June 2015 and has been losing money every year since. This is reflected in its falling share price. The company is investing in liquified natural gas (LNG) and helium. Now it is planning to list on the Australian Stock Exchange - where it says its business will be better understood than on the JSE. The R125m rights issue was fully underwritten and enabled it to access a R218m loan facility. Its initial public offer (IPO) on the Australian Stock Exchange (ASX) was more than two times over-subscribed. It claims to have proven helium reserves of over 6bn cubic feet. On 18th May 2018, the US government identified helium as critical to national security causing the price to rise by 135%. On 10th December 2020, the company announced the development of an aluminium case which can keep vaccines cold for up to 30 days. This could be a game changer for the company. On 21st June 2021 the company announced a helium discovery at Evander with a concentration of 1,1%. On 9th March 2021, the company announced a significant gas strike in the Karoo and then on 12th April 2021 it announced that it had concluded its first deal to sell helium. In an announcement on 3rd November 2021 the company announced a 620% increase in 1P helium reserves - which caused the share to spike upwards. The announcement of the first production of liquid helium from its Virginia gas project caused the share to rise by just over 9% - however, it remains in a long term downward trend. On 7th June 2023 the company announced that it had received $750m in further funding from Standard Bank and the International Development Finance Corporation for its Virginia Gas project. In its results for the six months to 31st August 2023 the company reported that it had produced 2386 tons of LNG and had, "Approval of senior debt funding by the DFC (US$500.0 million) and SBSA (US$250.0 million), subject to conditions precedent". In an update on the 3rd quarter of 2023 the company reported, "8 wells spudded, with an early strike on the first well producing 115,000 standard cubic feet per day and 3.3% helium concentration". The share may be a speculative opportunity, but it is very risky and volatile. We advise at least waiting for the share price to break up through its long-term downward trendline before investigating further - which may be imminent.
JSE:REN
by PDSnetSA
1
Our opinion on the current state of RENRenergen (REN) describes itself as an "...integrated alternative energy business" which invests in renewable energy projects in Africa. The company listed on the JSE in June 2015 and has been losing money every year since. This is reflected in its falling share price. The company is investing in liquified natural gas (LNG) and helium. Now it is planning to list on the Australian Stock Exchange - where it says its business will be better understood than on the JSE. The R125m rights issue was fully underwritten and enabled it to access a R218m loan facility. Its initial public offer (IPO) on the Australian Stock Exchange (ASX) was more than two times over-subscribed. It claims to have proven helium reserves of over 6bn cubic feet. On 18th May 2018, the US government identified helium as critical to national security causing the price to rise by 135%. On 10th December 2020, the company announced the development of an aluminium case which can keep vaccines cold for up to 30 days. This could be a game changer for the company. On 21st June 2021 the company announced a helium discovery at Evander with a concentration of 1,1%. On 9th March 2021, the company announced a significant gas strike in the Karoo and then on 12th April 2021 it announced that it had concluded its first deal to sell helium. In an announcement on 3rd November 2021 the company announced a 620% increase in 1P helium reserves - which caused the share to spike upwards. The announcement of the first production of liquid helium from its Virginia gas project caused the share to rise by just over 9% - however, it remains in a long term downward trend. On 7th June 2023 the company announced that it had received $750m in further funding from Standard Bank and the International Development Finance Corporation for its Virginia Gas project. In its results for the six months to 31st August 2023 the company reported that it had produced 2386 tons of LNG and had, "Approval of senior debt funding by the DFC (US$500.0 million) and SBSA (US$250.0 million), subject to conditions precedent". The share may be a speculative opportunity, but it is very risky. We advise waiting for the share price to break up through its long-term downward trendline before investigating further.
JSE:REN
by PDSnetSA
ur opinion on the current state of RENRenergen (REN) describes itself as an "...integrated alternative energy business" which invests in renewable energy projects in Africa. The company listed on the JSE in June 2015 and has been losing money every year since. This is reflected in its falling share price. The company is investing in liquified natural gas (LNG) and helium. Now it is planning to list on the Australian Stock Exchange - where it says its business will be better understood than on the JSE. The R125m rights issue was fully underwritten and enabled it to access a R218m loan facility. Its initial public offer (IPO) on the Australian Stock Exchange (ASX) was more than two times over-subscribed. It claims to have proven helium reserves of over 6bn cubic feet. On 18th May 2018, the US government identified helium as critical to national security causing the price to rise by 135%. On 10th December 2020, the company announced the development of an aluminium case which can keep vaccines cold for up to 30 days. This could be a game changer for the company. On 21st June 2021 the company announced a helium discovery at Evander with a concentration of 1,1%. On 9th March 2021, the company announced a significant gas strike in the Karoo and then on 12th April 2021 it announced that it had concluded its first deal to sell helium. In an announcement on 3rd November 2021 the company announced a 620% increase in 1P helium reserves - which caused the share to spike upwards. In its results for the year to 28th February 2023 the company reported revenue up 381% and a headline loss of 19,89c compared with a loss of 27,73c in the previous period. The company said, "Renergen, through its wholly owned subsidiary Tetra4 Proprietary Limited (“Tetra4”), commenced production of liquefied natural gas (“LNG”) in September 2022 and successfully produced liquefied helium (“LHe”) in January 2023". In a quarterly report for the 3 months to 30th June 2023 the company reported an 88% increase in LNG production over the first quarter. The company said, "Two new wells spudded and showed signs of gas prior to reaching the target depth of 650 meters". The announcement of the first production of liquid helium from its Virginia gas project caused the share to rise by just over 9% - however, it remains in a long term downward trend. On 7th June 2023 the company announced that it had received $750m in further funding from Standard Bank and the International Development Finance Corporation for its Virginia Gas project. In a quarterly update on 26th June 2023 the company said, "US DFC approved US$ 500 million loan for Phase 2. New well Morpheus drilled, producing 3.2% helium and flow of 70,000 standard cubic feet per day". In a trading statement for the six months to 31st August 2023 the company estimated that it would make a headline loss of between 28,9c and 30,9c compared with a loss of 19,31c in the previous period. The share may be a speculative opportunity, but it is risky. We advise waiting for the share price to break up through its long-term downward trendline before buying.
JSE:REN
by PDSnetSA
Renergen hit the target at R9.33 and now uncertain territoryM Formation formed on Renergen. The price came down and hit the target at R9.33... Now we had a bfreakway gap with testing at the low, which shot right back up. This is showing there is more buying volume coming in. However, we aren't seeing any strong bullish signs yet. I think the price needs to consolidate and form a higher low, then we will have some form of Cup and Handle... We will need to wait for the next move as it could be a volatile move.
JSE:RENLong
by Timonrosso
Renergen - Complacent bears demoralised BullsApplying the principles of the classic Wyckoff Method: This is what will need to happen: After closing the gap at 1340 which acted as a strong magnet in the absence of positive share news, Renergen must now quickly move back above the trading range in order to confirm this move as a spring. The share may find support from the rising natgas prices and a weaker dollar, which prices it tracked in the past until July this year, (when it disconnected likely due to the rising dollar, )as well as a more favourable risk asset environment heading towards year end. The shake out is on higher volume, which is not ideal, but may be due to the risk off environment, demoralised bulls and triggered stoplosses from a quite large oversold move to fill the gap. According to Stockcharts Chart School Springs or shakeouts usually occur late within a TR trading range and allow the stock’s dominant players to make a definitive test of available supply before a markup campaign unfolds. A “spring” takes price below the low of the trading range and then reverses to close within the TR;" "It is in Phase C that the stock price goes through a decisive test of the remaining supply, allowing the “smart money” operators to ascertain whether the stock is ready to be marked up. As noted above, a spring is a price move below the support level of the TR (established in Phases A and B) that quickly reverses and moves back into the TR. It is an example of a bear trap because the drop below support appears to signal resumption of the downtrend. In reality, though, this marks the beginning of a new uptrend, trapping the late sellers (bears). "
JSE:REN
by Woodcutter
4
UPDATE Renergen hit target at 9.33Since the analysis, we saw Renergen formed a Descending Triangle / Triple Top formation. The price broke below the neckline at R18.30. And in just two short months, it's been carnage for the market. It's pierced the 9.33 target, and now we need to wait for a consolidation range before we predict where it is more likely to go. I'm not buying this company yet, until we see the price break above the uptrend, above the 200MA and until we see some promising reasons for the upside to come. Cheap markets are most times expensive in the long run.
JSE:RENShort
by Timonrosso
1