Can Sibanye Gold close the gap of May 2017? R28 could be on the cards.
4Sight jumps 40% on a cautionary announcement. Those who caught it at R0.15 will be handsomely rewarded, previously I had hinted a buy level of R0.15-0.16 however the announcement changes everything. The share has lost close to 94% of price since October 2017 so there is more upside to be realised.
4Sight ($JSE4SI) operates in the technology space and put themselves as those working out innovations of the future. Having listened to the CEO one picks up that they are setting up a niche in the technology sector, thus far South Africa is dominated by big tender contracts in the IT space. Though big players usually speak 4IR there's little to show that they are...
Mr Price shares dropped heavily based on a not so pleasing trading update, however this is in the past. How much of it is already priced into the share? Long-term holding a price at R153-154 is an opportunity to buy, when fear subsides some of the gap will be filled. Looking ahead MRP should bounce back given a 6 to 12 months time frame.
Shoprite didn't take long to hit the R128 mark, the less than impressive results exacerbated the slide.