Get started
SUPER GROUP LTDSUPER GROUP LTDSUPER GROUP LTD

SUPER GROUP LTD

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

SPG trade ideas

Our opinion on the current state of SPGSuper Group, an expansive international logistics entity, specializes in providing transportation solutions to the industrial sector. The company's strategic decision to not distribute dividends but instead focus on share buybacks and investments in both organic and acquisitive growth has underscored its financial and operational strategy. This approach, coupled with a deliberate effort to diversify its operations beyond South Africa, has proven beneficial, with over half of its operating profit now emanating from international sources. This international diversification strategy has notably mitigated the company's exposure to the fluctuating strength of the rand and the challenging economic conditions prevailing in South Africa. The impact of civil unrest posed a significant challenge to Super Group, with estimated losses reaching up to R100m. Despite these adversities, Super Group has consistently demonstrated its capacity to generate strong free cash flows, a testament to its profitability and operational resilience. For the fiscal year ending on 30th June 2023, Super Group reported a commendable 30.6% increase in revenue and a 23.3% rise in headline earnings per share (HEPS). Furthermore, the company's net asset value (NAV) saw a significant increase of 20.5% to 4627c per share. Reflecting on its performance since 2019, the company highlighted a 63% increase in revenue and a 126% surge in EBITDA, with profit before tax and earnings per share increasing by 32% and 31%, respectively. This performance underscores Super Group's robust growth trajectory and financial health. However, a trading statement for the six months ending on 31st December 2023 indicated an anticipated 16.2% decline in HEPS. Challenges cited include operational difficulties within the Southern African Supply Chain business, particularly regarding trading volumes and inefficiencies at South African ports and border crossings. Amid these challenges, Super Group's strategic acquisition of a 78.82% stake in the UK's CBW Group for GBP30.3 million (approximately R700 million) in July 2023 illustrates the company's ongoing commitment to expanding its global footprint and leveraging international market opportunities. With the current share price standing at 2534c and a price-to-earnings (P:E) ratio of 5.4, Super Group presents itself as reasonably valued. The share has found strong support at around 2500c, suggesting potential for an upward trajectory. Given its diversified operational base, strong financial performance, and strategic international expansions, Super Group remains an attractive proposition for investors looking for exposure to the logistics and transportation sector, both locally and internationally.
JSE:SPG
by PDSnetSA
Our opinion on the current state of SPGSuper Group (SPG) is a large international logistics group offering transportation to the industrial sector. The company has a policy of not paying dividends, preferring to undertake share buy-backs and investing in organic and acquisitive growth. Its policy of diversifying outside South Africa has paid off with as much as 51% of operating profit now coming from non-South African sources. This reduces the company's exposure to the strength of the rand and to the relatively depressed economic conditions which exist in SA at the moment. The company may have lost as much as R100m during the civil unrest. This is usually a profitable company which generates strong free cash flows. In its results for the year to 30th June 2023 the company reported revenue up by 30,6% and headline earnings per share (HEPS) up 23,3%. The company's net asset value (NAV) increased by 20,5% to 4627c per share. The company said, "In comparison with 2019, revenue has increased by 63% and EBITDA by 126%. Profit before tax and earnings per share increased by 32% and 31% respectively, with net asset value per share having increased by 52%". On 19th July 2023 the company announced that it had acquired 78,82% of CBW Group in the UK for GBP0,30,3m (R700m). Supergroup has benefitted directly from the move towards "risk-on" in international investment sentiment. At the current price of 3460c and on a P:E of 7,37 it still looks reasonably valued. It has recently made a "double bottom" at around 2500c per share and looks poised to continue its upward trend.
JSE:SPG
by PDSnetSA
$JSESPG - Super Group: Is That A Double Top Forming?Super Group had a super run from April 2020 to September 2021, tripling in price. The highs of the 3700 region have been retested three times and the bulls have failed to move price higher. The last retest in late February 2023 has already pulled back significantly. Price has also found support at the 2445 region. The larger consolidation structure looks like a double top formation or a flat correction. Price is now trading at what I refer to as "no man's land", which is in the middle of support and resistance and where I would not sell or buy. A clear break above 3700 will invalidate the double top/flat outlook. Should price trade lower, I will look at price action behavior at the neckline. All in all, I am sitting on my hands in the meantime.
JSE:SPG
by Loyiso_BlaqueSoros_Mpeta
SUPERGROUP - 200 Day moving average- Supergroup has returned to test the 200day moving average after a successful break of the falling wedge . - Currently looking for the bull flag to play out to R35.50 zone - Bulls will need to hold above the 50 day moving average now around R29.00 -- MANAGE YOUR RISK - - Disclaimer: All ideas are my opinion and should not be taken as financial advice. If you would like me to have a look at any chart, direct message and i will post my thoughts, Happy Trading!
JSE:SPG
by Trader-Dan
Equities | Super Group SPG Having recently traded in a downward channel, SPG is nearing it's 8-November swing low, creating an opportunity to take a swing long at roughly the 2500c to 2545c zone. Traders could initially build a position at aforementioned level, while using a break of the channel to add to the position. Stop-loss: 2315c. Take Profit Target: 2780c. *This note is part of larger report, please get in contact with me if you are interested in gaining access to the report*
JSE:SPG
by LD_Perspectives
Super Group looking SuperOver the past year, SPG found support around the R32 quite a few times and always manage to stick. We can clearly the Descending Triangle in the share price movement that developed since the end of 2018 that could be very positive for SPG, should we see a break and close above resistance level at R36. This coincide quite nicely with its 200-day moving average as well. The share price currently find itself in extreme oversold according to its 14-day RSI. It has also heavily underperformed the $JALSH over rolling 12 month period. Should these current support levels (at R32) break, support should only be found at R29.40 again (which if I was a short-term trader, will also act as my stop-loss). Should SPG recover from current levels, could see the price test the 50-day moving average at R35 (my first target), with R36 being major resistance level. The current Thomson Reuters consensus target price on the company is R42.10.
JSE:SPGLong
by SchalkLouw