SBSW trade ideas
Sibanye Stillwater-UpdateDouble top technical structure played out well. Now its up to the 200dma to keep the uptrend going.
SIBANYE-STILLWATER may have a correctionWith falling platin and platinum prices addition to gold and silver, we may see a larger correction here.
A price at 11$ is possible in september/october.
I waiting for correction... It is possible it will get hold at 15$, but this should only be done
short position patience is the name of this game.
the first target is 57-58.
the second target is 45-49.
platinum demand is going to explode because of the increasing demand for diesel cars. ( Michael thoughts)
SSW pass the resistance level Rhodium up and Share buyback announced
SIBANYE-Stillwater has unveiled a share buy-back programme equal to 5% of its issued share capital and worth a total of just under R10bn at the current price of the company – up 12% since May 26.
Neal Froneman, CEO of Sibanye-Stillwater, said the capital return programme would not replace the company’s dividend policy which is to pay 25% to 35% of normalised earnings. It said in February it would pay a R10.7bn final dividend after recommencing the payout at the interim stage in August.
A total of 147.7 million shares would be bought between Wednesday (June 2) and April 6 in 2022, it said.
“The approval of the buyback programme underpins our commitment to creating value for all stakeholders through disciplined adherence to our capital allocation framework and reflects the robust financial position and positive fundamental outlook for the group,” said Froneman in a statement.
Shareholders in the gold and platinum group metal (PGM) producer approved a special resolution to buy-back 20% of the company’s shares at its annual general meeting last week although a pocket of investors were against the proposal.
There is a debate among investors regarding the value of share buy-backs with one school of thought believing that shares are only bought back at, or near, the top of the market which is why companies have excess cash to deploy.
In May, Froneman, promised “future windfalls” as a result of record PGM prices after the firm’s mines generated R15.3bn in first quarter earnings before interest, tax, depreciation and amortisation.
The buy-back programme is bound to raise the bar on capital returns among Sibanye-Stillwater’s peer group, including Impala Platinum, Anglo American Platinum (Amplats) and Northam Platinum which are all benefiting from sky-high PGM basket pricing.
SSW No deals in sight ...
Possible share buyback and less dividends if you read the General meeting right.
Rhodium crash ..influence the outlook dramatically ..
Fundamentals still spectacular with another year of double up in margins
So long run still good but if resistance at 60 drop not sure where it will go
Sibanye Stillwater Sibanye is fighting to stay above the support line at R62, and as long as it is successful Sibanye will stay in its uptrend and continue to push higher. However, If Sibanye doesn't hold R62 then it could test R58 and then potentially R55.
For now, Shorting it now could get you burnt, and on the other hand, going long could also get you burnt- so its a catch 22. But for the risk takers there is opportunity to take advantage of indecisiveness.
I'll be going long at this current price of R63.80.
There is downside risk of 15% if it falls to R55, however there is also an upside reward over 20%, especially if it continues to climb higher and breaks out from a potential ascending triangle.
I have a stop loss at R54.
My Price target to take profits is at R76
Sidenote:
We can see that Sibanye broke out of an ascending Triangle earlier and could do the same as long as it holds support at R62 and doesn't closer at a lower low.
I trade Sibanye, but I also have long term holdings.
Long term I remain bullish on Sibanye, and if it falls to R55 I will pick up some more shares for the long term.
SBSW - All preciouse metals to buy at onceA booming platin and platinum market already gave Sibanye Stillwater a good upward move.
With now potential additional backing of gold price, the stock has a lot of potential to rise higher the next month.
Inflation shouldn't be a issue for this stock.
SSW - Bull flagAnother flag in the making. Currently R65 showing signs of support. A close above R69 triggers the long idea with target at R74 while stop loss is a close below R65
SSW - 1D - WHAT WILL GOLD DODaily stochastic oversold, however weekly stochastic still a ways to go down. Bearish engulfing candles suggesting downward turn, I Will reconsider buying at marked green levels
strange pattern.....fundamentals very good the prices is holding and so will EBIDA remain at records .....what is people thinking with all the gold talk
Sibanye StillwaterA double top technical pattern on the daily chart, that can see the 200dma being tested in the short term.
Unless that 200dma gives in, the trend is still firmly up.
Sibanye Stillwater Sibanye Stillwater has had massive gains over the past year, it is now cooling off a bit, IMO.
It needs to hold R64 otherwise it will open itself up to testing the next support line at the R55 area.
It needs to break and close above R73 to ensure it doesn't print a lower high.
However, It looks to be forming a bull flag - Which is indicating that this cool off period will precede the next bull run up.
My price target is R55 if it doesn't hold R64 - at this point I will back up the truck and load a massive LONG position.
Disclaimer:
I own Sibanye Stillwater shares.
Sibanye Stillwater LtdSSW has a very strong uptrend support line producing very predictable fluctuations and rebounds. Over the last year Sibanye has time and time again rebounded on the uptrend support and we wouldn't want to bet against the market and rather go with the flow.
With that being said, SSW is currently at a dip and heading towards the uptrend support and quite close to contact and thus making this a good time to enter. If we are going by count this pattern of movement has occurred more than nine times on the same line.
Long term still looking Positive.
SSW: Trend riding my favorite PGM playSibanye giving us another go to befriend this trend as it continues to be supported by an ascending trendline established since the Covid-19market crash in 2020. Break of trendline will invalidate share momentum and trend.
Bullish flag on SibanyeWe have a bullish flag on Sibanye, Risk-Reward is bit of a worry there. unless perhaps the stop is around the 4876c levels to slightly better it. 200 Day EMA is behind us
Sibanye losing some feathersWe might see this H&S forcing the still water company to drop some bags!!
Sibanye (SSW) - BUYUSD weakness, support line, lagged other JSE Platinum players YTD...good opportunity imho. Buy 6650.
Sibanye StillwaterSSW seem to be flagging for a move higher. But until we breakout of the flag (around 70), we wait!
Bullish Flag on SSWJSE:SSW is busy forming a Bullish Flag pattern. With the breakout of the the "flag" this morning, if it trades higher tomorrow, we could be looking at a nice upward move as high as the length of the "flagpole".
