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BIDVEST GROUP LTD. RC-,05BIDVEST GROUP LTD. RC-,05BIDVEST GROUP LTD. RC-,05

BIDVEST GROUP LTD. RC-,05

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Our opinion on the current state of BIDVEST(BVT)Bidvest (BVT) is a highly diversified South African company with numerous subsidiaries, organized into six main divisions: Services, Freight, Automotive, Office, Print & Commercial Products, Financial Services, and Electrical. The company operates with a decentralized management structure, allowing directors of each operating company significant autonomy as long as they produce good returns. This strategy contrasts with most listed companies that typically focus on a single area of business and divest non-core assets. Bidvest's diversification reduces risk by balancing performance across its divisions, with some performing well even when others may not be. Bidvest's notable investments include a 66% stake in Bidvest Namibia, which also owns a large property portfolio leased to various Bidvest companies, and a 56.13% stake in Adcock Ingram. The company's ongoing strategy includes regular acquisitions to drive growth. The acquisition of PHS, the UK's largest cleaning service provider, was particularly well-timed, as it preceded a significant increase in demand for cleaning services following the COVID-19 pandemic. Bidvest's investment in alternative energy sources is also viewed as a promising area for future profits. On 3rd July 2024, Bidvest announced its intention to seek buyers for Bidvest Bank and FinGlobal, alongside its acquisition of Citron Hygiene LP. In its results for the year ended 30th June 2024, Bidvest reported revenue growth of 6.7% and a 6.6% increase in headline earnings per share (HEPS). The company attributed its success to top-line growth, effective gross margin management, and excellent expense control, which resulted in an 8.5% increase in group trading profit. Additionally, cash flow from operating activities grew strongly by 18.7%. Bidvest currently trades at a price-to-earnings (P:E) ratio of 14.92, which, despite the recent performance, still suggests good value at these levels. Technically, the share has just emerged from an island formation and is on a strong recovery path, indicating potential for continued growth.
JSE:BVT
by PDSnetSA
Our opinion on the current state of BIDVEST(BVT)Bidvest (BVT) is a highly diversified South African company with dozens of subsidiaries. Its most notable investments include a 66% stake in Bidvest Namibia, which also owns a large property portfolio rented out to various Bidvest companies, and a 56.13% stake in Adcock Ingram. The company's subsidiaries are organized into six divisions: Services, Freight, Automotive, Office, Print & Commercial Products, Financial Services, and Electrical. The directors of each operating company are given considerable autonomy within this structure, provided they produce good returns. This decentralized management style contrasts with most listed companies, which aim to retain their focus on a single area of business and constantly sell off or close down "non-core" businesses. Diversification of this sort reduces risk as different divisions can balance each other out when one is performing poorly while others perform well. Additionally, Bidvest is constantly making new acquisitions. The acquisition of PHS, the UK's largest cleaning service, was well-timed, coming immediately before the huge increase in demand for cleaning that followed COVID-19. The company's investment in alternative energy sources is seen as a potential profit generator. In its results for the six months to 31st December 2023, the company reported revenue up 8.8% and headline earnings per share (HEPS) up 5.3%. The company stated, "Group NAV per share grew from R89.88 in the prior period to R100.08 as at 31 December 2023. Cash generated by operations almost doubled. We spent R3.2 billion on acquisitions, invested in maintaining and growing our asset base, as well as awarded our shareholders with a higher dividend." On 3rd July 2024, the company announced that it would be looking for a buyer for Bidvest Bank and FinGlobal. At the same time, it announced the acquisition of Citron Hygiene LP. Bidvest now trades on a P/E of 15.23, but we believe it still represents good value at these levels. Technically, it has just emerged from an island formation and is on a strong recovery path.
JSE:BVT
by PDSnetSA
Bidvest in resting mode until the big breakout up to R290.00Bidvest has been moving in a sideways consolidation pattern called a Diamond Pattern since November 2023. This is where there is a tug of war between the bulls and the bears. BUt the fact that the price is holding quite well despite the international market crashes, means the buyers are holding the stock strong. It will most like need a few more weeks/months for the pattern to play out. But once it breaks above the consolidation, we can easily see the price head up to R290.00 It's a patience game for Bidvest.
JSE:BVTLong
by Timonrosso
Our opinion on the current state of BVTBidvest (BVT) is a highly diversified South African company with dozens of subsidiaries. Its most notable investments are 66% of Bidvest Namibia which also owns a large property portfolio rented out to various Bidvest companies and 50.1% of Adcock Ingram. Its subsidiaries are organised into 6 divisions - Services, Freight, Automotive, Office, Print & Commercial Products, Financial Services and Electrical. The directors of each operating company are allowed considerable autonomy within this structure provided they produce good returns. This is the opposite of most listed companies, which aim to retain their focus on a single area of business and constantly sell off or close down "non-core" businesses. Diversification of this sort has the benefit that it reduces risk. When one division is performing badly, the others are performing well. The company is also constantly making new acquisitions. The acquisition of PHS, UK's largest cleaning service was well timed coming immediately before the huge increase in demand for cleaning that followed COVID-19. The company's investment in alternative energy sources is seen as a potential profit generator. In its results for the year to 30th June 2023 the company reported revenue up 15% and HEPS up 24,5%. The company said, "Seven divisions reported double-digit trading profit growth, off already high bases. The trading profit margin improved by 22bps to 10.0% despite a slight contraction in gross margin (100bps to 29.0%) as operating expenses were well controlled". The market was disappointed with the latest trading statement and pushed the share price down. In an update on the 4 months to 31st October 2023 the company reported, "...revenue growth slowed as activity, off a high base, was diluted by contracting durable consumer spend, volume reduction in some sectors and increased price competitiveness. Travel and hospitality as well as commercial demand for basic products and services were pockets of growth". The report caused the share price to fall almost 10% in a single day. Bidvest now trades on a P:E of 13,6 - but we believe it still represents good value at these levels.
JSE:BVT
by PDSnetSA
Our opinion on the current state of BVTBidvest (BVT) is a highly diversified South African company with dozens of subsidiaries. Its most notable investments are 66% of Bidvest Namibia which also owns a large property portfolio rented out to various Bidvest companies and 50.1% of Adcock Ingram. Its subsidiaries are organised into 6 divisions - Services, Freight, Automotive, Office, Print & Commercial Products, Financial Services and Electrical. The directors of each operating company are allowed considerable autonomy within this structure provided they produce good returns. This is the opposite of most listed companies, which aim to retain their focus on a single area of business and constantly sell off or close down "non-core" businesses. Diversification of this sort has the benefit that it reduces risk. When one division is performing badly, the others are performing well. The company is also constantly making new acquisitions. The acquisition of PHS, UK's largest cleaning service was well timed coming immediately before the huge increase in demand for cleaning that followed COVID-19. The company's investment in alternative energy sources is seen as a potential profit generator. In its results for the year to 30th June 2023 the company reported revenue up 15% and HEPS up 24,5%. The company said, "Seven divisions reported double-digit trading profit growth, off already high bases. The trading profit margin improved by 22bps to 10.0% despite a slight contraction in gross margin (100bps to 29.0%) as operating expenses were well controlled". The market was disappointed with the latest trading statement and pushed the share price down. Bidvest trades on a P:E of 14,75 - but we believe it still represents good value at current levels.
JSE:BVT
by PDSnetSA
BIDVEST LTD: Bullish Breakout & Potential Upside - Target R307!1. Price Formation: The price has broken out from a Cup and Handle price formation on a daily chart. The "Cup &Handle" pattern is considered a bullish reversal pattern, indicating a potential upward trend. 2. Moving Averages: The 7-day moving average (MA) is above the 21-day MA, which is a positive sign indicating short-term bullish momentum. 3. 200-day Moving Average: The 200-day MA is just hovering. This could suggest a potential shift in the overall trend, as the price approaches or hovers around this key long-term moving average. 4. Relative Strength Index (RSI): The RSI is greater than 50, indicating bullish momentum and potential further upward movement. 5. Price Target: R307
JSE:BVTLong
by Sahle
Bidvest (BVT) Seeking Early TopBVT confirmed a cycle low on 31 May, however this low did not fail (did not go lower than 3 March). Looking at the RSI we can see it close to being overbought while on the chart we see price arriving at the median of the Pitchfork, these are conditions where price makes an early top or Half Cycle High before turning downwards & go decisively lower than 31 May price. A swing high confirmation with rejection at the median line would be a good entry point for a short position.
JSE:BVTShort
by runyamhere
Bidvest setting itself for great upside to R270.00Falling Wedge has formed on the daily. We need the price to break above before it's confirmed. Price>200 which is showing the uptrend despite 21>7ma - There could be a change of trend, if we see further upside. RSI<50 which isn't comforting, hence we need the break out. Target R270.00 ABOUT Bidvest, is a South African conglomerate company and was founded in 1988 and is headquartered in Johannesburg, South Africa. The company operates in a wide range of sectors, including services, trading, distribution, and logistics. The company employs over 130,000 people globally. It includes Bidvest Services, Bidvest Freight, Bidvest Foodservice, and Bidvest Automotive. Bidvest Services offers a variety of facilities management, outsourcing, and professional services. Bidvest Freight provides logistics and transportation solutions, including freight forwarding and supply chain management. Bidvest Foodservice is a leading foodservice distributor, supplying a wide range of products to the catering, hospitality, and retail sectors. Bidvest Automotive is involved in the import, distribution, and retail of motor vehicles, parts, and accessories. The company has expanded internationally and has operations in countries such as the United Kingdom, Australia, New Zealand, and many African nations.
JSE:BVTLong
by Timonrosso
EXPLAINED: A Bullish Fair Value Gap (FVG) - Smart Money ConceptsA Bullish Fair Value Gap is a 3 candle structure with an up impulse candle (2nd) that indicates and creates an imbalance or an inefficiency in the market. WHAT DO THE IMBALANCES TELL US? These imbalances tell us that the buying and selling is not equal. Now the market needs to rebalance (move at least to 50% of the fair value gap to fill) to make up for the imbalance and rebalance. For this to happen we need to see orders filled in the prices of the candle with the FVG. HOW A BULLISH FAIR VALUE GAP IS CONSTRUCTED: 1st Candle Draw a horizontal line from the top of the wick. 3rd Candle Draw a horizontal line from the bottom of the wick 2nd Candle Draw a BOX between the above and below and pull it over to see the FVG range. BETWEEN CANDLE 1 and CANDLE 3: Do NOT show common prices. They do NOT touch where the upper & the lower wicks do NOT overlap. With a Bullish FVG we can expect the market price to move DOWN. HOW MUCH? I believe a Bullish FVG needs to close at least 50%. So you can drag a Gann Box or a Fib retracement (take out all the other levels except 50%). Wait for the price to close and fill the prices and boom - Your Bullish Fair Value Gap has been filled. Let me know if you have any other SMC (Smart Money Concepts) Questions.
JSE:BVTEducation
by Timonrosso
2
Birdvest going to R258.13Cup and Handle has formed on the daily with Bidvest. The price has broken out and we are being a bit premature to go long, but the demand pressure is strong. 7>21>200MA Bullish signal Target R258.13 Fundamentally, with the interest rate decision to pump up the market responded mostly positively for a short term view and this is probably because of the buying taking place from the positive fundamentals in America with a slow down rate with inflation, QE and interest rates. We can only hope this bull run continues as we traders deserve it waiting all these months :D CONCERNS: The price has been moving in a solid sideways formation, which makes it a medium probability trade. I'll be only risking around 1.5% of my portfolio for this one.
JSE:BVTLong
by Timonrosso