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Aspen showing upside to R204 despite Trump pulling funds from SAOk this isn't the best formation. We have the price above 20MA but still below 200MA. On the other hand, we have a solid bottom formed and a W Formation along with a Box Formation with it. So with the pull back and the retest, we could get a bounce up which will send the price to potentially R204.60 Even though Trump has pulled funding from South AFrica due to the Expropriation Bill being announced, this will pull funds from Healthcare, to developments and more... But it seems like the Fair value of Aspen is underpriced and the market is likely to turn up from here. SO I am bullish for now.
JSE:APNLong
by Timonrosso
Water Utilities Are Outperforming The MarketMany of the water industry stocks look to be putting in a reversal pattern, otherwise known as The Anti. The sector itself is one of the few green sectors when performing sector analysis. This chart shows free bars (indicative of a market reversal), a pullback (The Anti setup) and a really strong bull bar confirming the initial price action. NYSE:CWT is the other water stock you can look to long, I actually like it more than this one.
NYSE:WTRGLong
by JoeRodTrades
WALT DISNEY: New maximums with the permission of its results!The Walt Disney Company is a company engaged in various activities, such as theme parks, tourist services, films and television, publishing and consumer products, and interactive services. The brands of The Walt Disney Company include, among others, ABC Entertainment. --> What is the technical aspect? If we look at the chart, the technical aspect is clearly bullish ( Bull ). After making a strong retracement of almost 50% Fibonacci, on January 21 the price gave us the first bullish warning ( Bull ), which was confirmed 2 days later. Since that day, we considered the retracement phase to be over and a new bullish phase ( Bull ) began on the way to new highs. But there was one last hurdle to overcome, the 116 zone. --> Will it be able to overcome the zone? Technically, it is very likely that it will overcome it without problems, but tomorrow it will present results, and we already know that if the results are not good, the price will fall sharply. --> What can we do? 2 options: 1) AGGRESSIVE PROFILE: Ignore that it will present results tomorrow. 2) CONSERVATIVE PROFILE: Wait until Thursday to make decisions. If our profile is aggressive, we will operate as follows: -------------------------------------- Strategy to follow: ENTRY: We will open 2 long positions if the price exceeds 116 POSITION 1 (TP1): We close the first position in the 121.90 area (+5%) --> Stop Loss at 110.36 (-5%). RATIO: (1:1) POSITION 2 (TP2): We open a Trailing Stop type position. --> Initial dynamic Stop Loss at (-5%) (coinciding with 110.36 of position 1). --> We change the dynamic Stop Loss to (-1%) when the price reaches TP1 (121.90). ------------------------------------------- SET UP EXPLANATIONS *** How do we know which 2 long positions to open? Let's take an example: If we want to invest 2,000 euros in the stock, what we do is divide that amount by 2, and instead of opening 1 position of 2,000, we will open 2 positions of 1,000 each. *** What is a Trailing Stop? A Trailing Stop allows a trade to continue gaining value when the market price moves in a favorable direction, but automatically closes the trade if the market price suddenly moves in an unfavorable direction by a certain distance. That certain distance is the dynamic Stop Loss. -->Example: IF the dynamic Stop Loss is at -1%, it means that if the price drops by -1%, the position will be closed. If the price rises, the Stop Loss also rises to maintain that -1% on increases, therefore, the risk is increasingly lower until the position becomes profitable. In this way, very solid and stable price trends can be taken advantage of, maximizing profits.
NYSE:DISLong
by jmesado
SAFARI IND LTD S/RSupport and Resistance Levels: Support Levels: These are price points (green line/shade) where a downward trend may be halted due to a concentration of buying interest. Imagine them as a safety net where buyers step in, preventing further decline. Resistance Levels: Conversely, resistance levels (red line/shade) are where upward trends might stall due to increased selling interest. They act like a ceiling where sellers come in to push prices down. Breakouts: Bullish Breakout: When the price moves above resistance, it often indicates strong buying interest and the potential for a continued uptrend. Traders may view this as a signal to buy or hold. Bearish Breakout: When the price falls below support, it can signal strong selling interest and the potential for a continued downtrend. Traders might see this as a cue to sell or avoid buying. 20 EMA (Exponential Moving Average): Above 20 EMA(50 EMA): If the stock price is above the 20 EMA, it suggests a potential uptrend or bullish momentum. Below 20 EMA: If the stock price is below the 20 EMA, it indicates a potential downtrend or bearish momentum. Trendline: A trendline is a straight line drawn on a chart to represent the general direction of a data point set. Uptrend Line: Drawn by connecting the lows in an upward trend. Indicates that the price is moving higher over time. Acts as a support level, where prices tend to bounce upward. Downtrend Line: Drawn by connecting the highs in a downward trend. Indicates that the price is moving lower over time. It acts as a resistance level, where prices tend to drop. Disclaimer: I am not a SEBI registered. The information provided here is for learning purposes only and should not be interpreted as financial advice. Consider the broader market context and consult with a qualified financial advisor before making investment decisions.
NSE:SAFARI
by zenthosh
GOOGLE $GOOG | AD DOLLARS & AI POWER, GOOGLE'S EARNINGS Feb4'25GOOGLE NASDAQ:GOOG | AD DOLLARS & AI POWER, GOOGLE'S EARNINGS ALPHABET'S EARNINGS Feb4'25 Google Zones: Google BUY/LONG ZONE (GREEN): $199.00 - $215.00 Google DO NOT TRADE/DNT ZONE (WHITE): $193.50 - $199.00 Google SELL/SHORT ZONE (RED): $180.00 - $193.50 Google Trends: Google Weekly Trend: Bullish Google Daily Trend: Bullish Google 4H Trend: Bullish Google 1H Trend: Bullish NASDAQ:GOOG earnings are set for Tuesday, Feb 4 (post-market), will the earnings report fuel further upside, or is a pullback on the horizon? All of my timeframes on my indicator show bullish trends. NASDAQ:GOOG has been in a strong uptrend since early December, gaining ~15% since Dec 9. Leading up to earnings, price formed an ascending pattern, breaking out past resistance on Jan 30. My bullish zone projects a ~6% upside, while the bearish zone mirrors this range. I am linking my previous NASDAQ:GOOG analysis, from nearly a year ago. This is what I would personally look at before entering trades, everything is subject to change on a daily basis and as I analyze different timeframes and ideas. ENTERTAINMENT PURPOSES ONLY, NOT FINANCIAL ADVICE! trendanalysis, trendtrading, priceaction, priceactiontrading, technicalindicators, supportandresistance, rangebreakout, rangebreakdown, rangetrading, chartpatterntrading, chartpatterns, spy, sp500, s&p, fed, federalreserve, fedrate, fedratecut, interestrate, jeromepowell, fedchair, 50bps, volatile, volatility, goog, google, googleearnings, googearnings, googleoptions, googoptions, optionsplay, earningsplay, earningsgamble, googlereport, googlestock, googletrade, googleidea, googlecombo, googlestrangle, googlestraddle, googlevolatility, googleiv, googlesetup, googleanalysis, googanalysis, googleads, googleearningsreport, googleearningsrelease, googleai, gemini, geminiai, googleadsandai, alphabet, alphabetsearnings, alphabetgoogle, alpabetstock,
NASDAQ:GOOG
by TonyAiello
Our opinion on the current state of CAPITEC(CPI)Capitec Bank (CPI) is now South Africa's largest bank by customer numbers, with 21.1 million clients. Originally launched by PSG, Capitec has been a major disrupter in the local banking industry, steadily gaining retail market share from traditional banks by offering a simplified, lower-cost solution—particularly targeting the previously unbanked population. The company continues to expand rapidly, adding approximately 90,000 funeral policies per month. Its annual average HEPS growth of 32.2% per annum since 2003 is an exceptional record, making it a standout performer on the JSE. In our view, Capitec is a "must-have" for any private investor's portfolio. PSG has unbundled its Capitec holding to unlock shareholder value. However, despite its large customer base, Capitec still holds less than 10% of South Africa’s retail deposit base, as most of its clients are in the lower LSM segments. On 19th January 2022, Capitec announced a BBBEE transaction, granting about R1 billion worth of shares to long-term employees who had been with the company since early 2019. While this share issuance caused temporary dilution and a decline in share price, it reflects Capitec’s commitment to transformation and employee retention. Recent Financial Performance In its results for the six months to 31st August 2024, Capitec reported: - Operating profit up 41% - Headline earnings per share (HEPS) up 36% - Return on equity (ROE) at 29% - Credit loss ratio at 7.6% - Value-added services revenue up 79% to R2 billion The company stated, "In August 2019, our ecosystem comprised mainly Personal Banking (Retail Bank). We had 12.6 million clients and offered the GlobalOne transacting and savings accounts, as well as unsecured term loans, credit cards, and credit facilities. Despite challenges such as COVID-19, the war in Ukraine, instability in the Middle East, and poor global and South African macroeconomic conditions, we have grown our active client base to 23.2 million and have built an enhanced ecosystem." Future Outlook In a trading statement for the year to 28th February 2025, Capitec estimates that HEPS will increase between 28% and 32%. The company attributes this to "the improvement in the credit impairment charge and credit loss ratios (CLRs) seen in the second half of the 2024 financial year, which has continued into the 2025 financial year." Technical Analysis The share has been rising steadily since June 2023. It is currently trading at a price-to-earnings (P/E) ratio of 27.93, which is well above the JSE Overall Index (14.51) and higher than other leading banks. Despite this premium valuation, Capitec remains an exceptional long-term investment due to its strong growth trajectory and market position. We believe Capitec should be accumulated on weakness. It was added to the Winning Shares List (WSL) on 4th November 2023 at 185,496c, and since then, it has risen by 60% in just 14 months. Given its robust financials, innovative banking model, and customer growth, Capitec remains one of the best long-term opportunities on the JSE.
JSE:CPI
by PDSnetSA
PIOC Respecting 200 EMAPIOC has experienced a pullback after testing the 200-day EMA and is currently trading 3.60% above it. Notably, the stock has been in an uptrend since March 2023, consistently hovering above the 200-day moving average. An initial target of approximately 192 is anticipated in the coming days. If a breakout occurs, the price may advance towards 208, with a potential test of its previous high around 229 from a swing trade perspective. A stop-loss is recommended if the stock falls below the moving average, as this would indicate a shift toward a downward trend.
PSX:PIOCLong
by mbaberhanif
Our opinion on the current state of TRUWTHS(TRU)Truworths (TRU) is a clothing, footwear, and accessories retailer operating in Southern Africa and the UK. It is listed on both the JSE and the Namibian Stock Exchange. The company generates 70% of its South African sales on credit, making effective credit management a critical factor in its profitability. Truworths operates in a highly competitive retail environment, contending with local players such as Woolworths, Checkers, Pick 'n Pay, Foschini Group, Mr. Price, Ackermans, and Pep, while also facing increasing pressure from international brands like Cotton On. The industry is heavily reliant on consumer confidence and spending, making it highly sensitive to economic conditions. Additionally, Truworths must continuously adapt to the fast-changing fashion landscape to maintain its appeal to consumers. The company maintains a conservative approach, constantly refining its business model. It operates 767 stores in South Africa, 37 stores across the rest of Africa, and 132 stores in the UK, Germany, and Ireland. Truworths has also acquired Barrie Cline Ladieswear, a long-time supplier, and is launching a new low-cost value chain called "Primark" to compete with Mr. Price and Jet. It plans to roll out 15 to 20 new value stores in the coming months. On 9th November 2023, Truworths reported that retail sales for the first 17 weeks to 29th October 2023 were up 10.9%, while online sales grew by 41%, now accounting for 4.7% of total sales. The company also noted strong UK-based Office sales, which increased by 18.9% in GBP terms and 38.8% in Rand terms. For the six months to December 2023, Business Day reported an 8% increase in sales. However, in a trading statement for the 52 weeks to 30th June 2024, Truworths estimated HEPS would decline by 5% to 9%, while retail sales increased by 3.6%. The company attributed the decline in earnings to a reversal of previously recognized impairment losses on the Office trademarks, an indirect tax settlement in the prior period, and other once-off factors. In an update for the 18 weeks to 3rd November 2024, the company reported a 2.8% increase in sales, with credit sales making up 46% of total revenue. While business and consumer sentiment in South Africa had improved following the formation of a government of national unity earlier in 2024, Truworths noted that this optimism had not yet translated into meaningful improvements in disposable incomes. In a trading statement for the 26 weeks to 29th December 2024, the company estimated that HEPS would decline by 4% to 8%, while sales increased by 2.4%. Technically, the share price declined significantly during COVID-19. We previously advised waiting for a break above its downward trendline, which occurred on 4th September 2020 at a price of 3,195c. The stock then reached a high of 11,212c on 4th November 2024 before entering a new downward trend. Current advice: Truworths remains a solid retailer but is facing macroeconomic pressures, including constrained consumer spending. As the stock is now in a new downward trend, we recommend waiting for a clear break above the trendline before considering any new investment.
JSE:TRU
by PDSnetSA
Our opinion on the current state of GEMFIELDS(GML)The Gemfields Group (GML), previously known as the Palinghurst Group, is a mining company focused on gemstone production. The group has two major projects: 1. Kagem – The world's largest producer of emeralds, located in Zambia. 2. Montepuez – A major ruby mine in Mozambique. Additionally, the company was previously involved in Jupiter Mines, a South African manganese producer. However, in line with its strategic focus on gemstones, Gemfields disposed of 60% of its stake in Jupiter Mines when it listed on the Australian Stock Exchange (ASX) in April 2018. The company is led by Brian Gilbertson, a former CEO of BHP Billiton, who identified the semi-precious stones market as an underdeveloped industry with potential for professional management and consolidation. Gemfields has carved out a niche for itself in this specialized sector, where competition remains relatively limited. Like all commodity shares, however, it carries risks, with its success tied to the fluctuating prices of emeralds and rubies in international markets, as well as geopolitical and operational risks associated with mining in third-world countries. On 24th October 2022, Gemfields announced that operations at Montepuez had resumed after an insurgent attack on a mine 12km away on 20th October 2022. Security concerns remain a factor in the region. On 7th August 2023, the company announced plans to construct a new processing plant that would triple ruby output from the Montepuez mine. In its results for the six months to 30th June 2024, Gemfields reported revenue of $128 million, down from $153.6 million in the previous period. Headline earnings per share (HEPS) fell by 25%. The company commented, *"Gemfields is working through a complex year, balancing the availability of cash with the considerable investments we're making at the Kagem emerald mine in Zambia, the Montepuez ruby mine in Mozambique, and our development assets."* In an operational update for the full year ending 31st December 2024, Gemfields reported total revenue of $196 million and net debt of $80.5 million. The company stated, "Emerald exports are, since 1 January 2025, paused while Zambia's reintroduced 15% export duty remains in place. Kagem anticipates that the duty may be revoked and allow a commercial-quality emerald auction to go ahead in Q1 2025." A strategic update on 23rd December 2024 cited lower revenue from recent auctions due to: 1. Oversupply of Zambian emeralds by a competitor. 2. Lower production of premium rubies at Montepuez. 3. Weaker luxury and gemstone market conditions. This share tends to be volatile, largely due to fluctuations in the luxury goods market and the nature of the gemstones it sells. Technically, Gemfields' share price rose strongly from an island formation, entering a solid upward trend until July 2023 when the trendline was broken. At present, the share remains in a downward trend, and we recommend waiting for a break above the new downward trendline before considering entry. While the company has long-term potential, it remains subject to both market-driven and operational risks.
JSE:GML
by PDSnetSA
Our opinion on the current state of VODACOM(VOD)Vodacom (VOD) is South Africa's largest provider of airtime and data services for mobile phones. It operates as a subsidiary of the international telecom company Vodafone. Its main competitors include MTN, Cell-C, and Telkom. The mobile industry has faced continuous pressure from declining voice revenue, partially offset by a sharp increase in data usage. One disadvantage of investing in Vodacom is its foreign ownership. This was highlighted when its share price dropped 7% in two days due to concerns that Vodafone might be forced to sell its non-European subsidiaries. Vodacom has operations in Mozambique, Tanzania, the DRC, and Lesotho. The company is also looking to expand into Ethiopia, Africa’s fastest-growing economy, with a population of 105 million. On 2nd December 2019, the Competition Commission ruled that Vodacom and MTN must cut their interconnect fees by between 30% and 50%. Since interconnect fees represent a significant portion of Vodacom's revenue, this led to a 5% drop in its share price. To diversify its revenue streams, Vodacom is launching a "super-app" in partnership with Jack Ma’s Alipay to boost non-voice income. Additionally, the company has spent R4 billion to mitigate the impact of loadshedding. We believe that while Vodacom has strong fundamentals, it may take some time for the share to regain its former highs. In its results for the six months to 30th September 2024, Vodacom reported a 1% increase in revenue, but headline earnings per share (HEPS) declined by 19.4%. Financial services revenue grew by 7.8%, contributing 11.4% to group service revenue. The company had 206 million customers and provided financial services to 83 million. Vodacom stated, "While our bottom line was impacted by various one-offs, I am confident that we are poised for a stronger second half performance." In a trading update for the three months to 31st December 2024, Vodacom reported revenue up 1.6%, with service revenue rising by 11.6%. The company noted, "...the quarter was positively impacted by accelerated growth in South Africa's prepaid market, in addition to another stellar performance in Egypt and Tanzania, while network operators in Mozambique, including Vodacom, have been hampered by post-election tensions since October 2024." Technically, the share fell from its high of 16,214 cents on 1st April 2022. We previously advised waiting for a clear break above its downward trendline, which occurred on 25th July 2024 at 9,836 cents. Since then, it has climbed to 11,611 cents, although it dipped slightly after the latest results. At current levels, Vodacom appears relatively cheap, offering a dividend yield (DY) of around 3.93%. However, it operates in a dynamic environment where technology advancements and regulatory shifts present ongoing risks. While Vodacom remains a solid dividend payer and a stable telecom business, investors should be aware of potential regulatory and industry changes that could impact future performance.
JSE:VOD
by PDSnetSA
Head & Shoulders reversal pattern: AAPL chartBeautiful symmetric reversal Head & Shoulders pattern is in the making. We have three peaks with the highest in between called Head. Left and right peaks are "shoulders". The line between valleys of the Head is called Neckline. This pattern reverses the price course at the climax. Trading technique: Sell entry is triggered on the breakdown of the Neckline Stop loss is at the invalidation point - breakup of the Right Shoulder (red dashed line) Take profit is set at the height of the Head subtracted below Neckline (blue dashed line)
NASDAQ:AAPLEducation
by aibek
Our opinion on the current state of PEPKORH(PPH)Pepkor Holdings (PPH), previously known as Pep, is 71.01% owned by Steinhoff International. Following the collapse of the Steinhoff group due to admitted "accounting irregularities," the directors decided to revert to the name Pepkor Holdings to distance the company from negative publicity. The group operates well-known retail brands, including Ackermans, PEP Stores, Bradlows, and HiFi Corporation. Since the Steinhoff scandal in December 2017 and the impact of the COVID-19 pandemic, Pepkor's share price fell to as low as R10 per share in May 2020. However, the company staged a strong recovery over the next year, more than doubling in value. To strengthen its financial position, Pepkor raised R1.9 billion through an accelerated book-build, using the proceeds to reduce debt as a precautionary measure. On 3rd February 2022, Pepkor announced the acquisition of 87% of the Brazilian clothing retailer Avenida, expanding its international footprint. However, in April 2022, the company's Isipingo distribution center suffered significant flood damage in KwaZulu-Natal, leading to a temporary closure. The company confirmed that it had adequate insurance to cover the losses. In its results for the year to 30th September 2024, Pepkor reported revenue growth of 7.8%, with headline earnings per share (HEPS) increasing by 10.3% on a comparable basis. However, its net asset value (NAV) fell slightly by 1% to 1,588.5 cents per share. The company highlighted, "The Clothing and General Merchandise segment (CGM) increased revenue by 5.2% to R61.4 billion (7.0% on a 52-week basis), while the Furniture, Appliances and Electronics segment (FAE) increased revenue by 4.5% to R11.0 billion." In a trading update for the three months to 31st December 2024, Pepkor reported group revenue up 12.1%, with traditional retail sales increasing by 9.5%. The company stated, "Performance was driven by robust sales growth and market share gains in traditional retail, with significant growth sustained in fintech. Gross profit margin improved, mainly driven by the growth in the Fintech segment." Technically, the share has been in a strong upward trend since May 2023, and this momentum appears likely to continue. While Pepkor remains a high-quality investment, it is potentially vulnerable to declines in consumer spending. A significant development occurred on 23rd September 2024 when Pepkor was added to the JSE Top 40 index, replacing Amplats. This inclusion is expected to attract increased institutional interest, further strengthening its position in the market.
JSE:PPH
by PDSnetSA
Our opinion on the current state of MPACT(MPT)Mpact (MPT) is a leading producer of paper and plastics packaging in Southern Africa. The company specializes in recycling paper and cardboard, manufacturing corrugated cardboard containers for various industries, and producing polystyrene trays for the food industry. It operates 20 manufacturing facilities and employs over 5,000 people, with South African sales accounting for 86% of its revenue. Mpact's business is influenced by consumer spending, which has been under pressure due to COVID-19 and more recently affected by the Ukraine crisis. Additionally, weather patterns impact the demand for corrugated containers used in fruit and other agricultural products, particularly in the Cape region. The company has prioritized cash preservation in the current economic climate but has benefited from a shift to local suppliers during the pandemic. In its results for the six months to 30th June 2024, Mpact reported revenue slightly down at R6.17 billion, while headline earnings per share (HEPS) fell to 144.6 cents from 211.6 cents in the prior period. However, the company’s net asset value (NAV) increased by 9% to 3,411 cents per share. The company stated, "The uncertain socio-political environment leading up to the national elections, high levels of loadshedding that continued until the end of March, high inflation, and interest rates all contributed to weak consumer and business sentiment." Mpact’s share price declined from a high of R51 in April 2016 to as low as R8 in March 2020 but has since recovered to 2,902 cents. At this level, it is trading on an earnings multiple of 5.66, which appears cheap. While the share has been moving sideways since August 2022, there are indications that it may be entering a new upward trend. On 1st August 2024, Mpact announced the sale of its Versapak business for R267.7 million as part of its strategic portfolio adjustments. Additionally, on 3rd February 2024, the company announced that its shares would begin trading on the A2X exchange from 11th February 2024, providing investors with an alternative trading platform. Overall, Mpact remains a well-managed company with strong fundamentals. Its low valuation presents a potential opportunity for long-term investors, particularly if consumer spending improves and the company’s upward trend materializes. However, economic uncertainties, loadshedding, and inflationary pressures remain key risks to monitor.
JSE:MPT
by PDSnetSA
Our opinion on the current state of ARCMITTAL(ACL)ArcelorMittal (ACL) is South Africa's largest steel producer and has managed to survive in an industry where competitors like Highveld Steel have disappeared. The company was severely impacted by the sub-prime crisis, with its share price falling from a high of R260 in June 2008 to as low as 25 cents in August 2020. Since then, it has staged a strong recovery, reaching 1,052 cents before recent challenges reversed its upward momentum. The company has had to navigate multiple challenges, including the collapse of the local construction industry, once a major consumer of steel, and the influx of cheap Chinese steel being dumped onto the South African market. While imports have slowed, ArcelorMittal successfully secured tariffs to discourage further dumping. At its lowest point in July 2020, the company appeared close to closure, but it was rescued by a rising steel price and severe cost-cutting measures. In its results for the six months to 30th June 2024, the company reported a 3% decline in revenue and a headline loss of 100 cents per share, compared to a loss of 40 cents in the previous period. The company cited "difficult local and regional trading conditions, and the negative volume and direct cost impact of operational interruptions of the two blast furnaces at Vanderbijlpark" as major factors affecting financial performance. In an update on 3rd July 2024, ArcelorMittal reported that the Longs steel product operations ("Longs Business") had remained operationally stable in the first half of 2024. However, the Flats steel product operations ("Flats Business") in Vanderbijlpark had suffered from significant instability at its blast furnaces in April and May 2024. The company emphasized that "intensive cash management actions" had kept net borrowings within tolerable levels. In its third-quarter update for 2024, the company reported an EBITDA loss of R466 million, compared to a profit of R52 million in Q3 2023. This loss was primarily driven by the Longs Business. In a trading statement for the full year ending 31st December 2024, ArcelorMittal estimated a headline loss of between 450 cents and 466 cents per share, significantly worse than the previous period's loss of 170 cents. These results abruptly ended the company's new upward trend, sending the share price back down towards support at around 100 cents. On 6th January 2025, ArcelorMittal announced its decision to wind down and close its Longs steel division, leading to a sharp drop in the share price. This move signals further financial strain and restructuring efforts as the company attempts to stabilize its operations. While ArcelorMittal has previously recovered from extreme lows, the recent setbacks highlight its vulnerability to steel prices, operational challenges, and weak local demand. The stock remains highly volatile and should be approached with caution until clearer signs of stability and profitability emerge.
JSE:ACL
by PDSnetSA