Hulamin. "Cheap" Fundamentals Suggested Buy. Now +80%. Reduce.
Original Idea Attached (28 July).
Technically, gave us a bull flag while the fundamentals were appealing. As I noted on 28 July:
Share price -93% off all-time highs.
Trading at discount to book value.
Turnaround efforts started in 2019 largely concluded.
Order books healthy.
Mkt Cap R758m vs Revenue of R8.6bn (down 20% in 2020).
Cost reductions implemented however cost reductions obscured by firmer ZAR.
Shares outstanding lower vs 5 years ago (~328m vs ~300m)
Revenue earned from SA roughly the same as that from Europe - ZAR hedge characteristics.
Con: For FY 2020, no dividend declared due to uncertain outlook.
Technical Structure: Emerging from bullish flag , rebounding off back-test of 200-day for commencement of upward trend.
For more real-time insights and trade ideas, get in touch today.
Technically, gave us a bull flag while the fundamentals were appealing. As I noted on 28 July:
Share price -93% off all-time highs.
Trading at discount to book value.
Turnaround efforts started in 2019 largely concluded.
Order books healthy.
Mkt Cap R758m vs Revenue of R8.6bn (down 20% in 2020).
Cost reductions implemented however cost reductions obscured by firmer ZAR.
Shares outstanding lower vs 5 years ago (~328m vs ~300m)
Revenue earned from SA roughly the same as that from Europe - ZAR hedge characteristics.
Con: For FY 2020, no dividend declared due to uncertain outlook.
Technical Structure: Emerging from bullish flag , rebounding off back-test of 200-day for commencement of upward trend.
For more real-time insights and trade ideas, get in touch today.
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Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Publications connexes
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.