OUTsurance (OUT) took over the listing of Rand Merchant Insurance (RMI) with effect from 7th December 2022. RMI unbundled its stakes in Discovery (DSY) and Momentum (MTM) and sold its 30% stake in Hastings Plc for R14,6bn. By March 2023, all that was left was the insurance business of OUTsurance. In its results for the year to 30th June 2024, the company reported earnings up 20.3% and a special dividend of 40c per share. Earnings per share (EPS) rose to 265.5c compared to 194.5c in the previous period. The company said, "The Group sold its stake in AutoGuru, an Australian-based associate, for R68 million. OHL acquired Youi shares from a minority shareholder for AUS$42.5 million, thereby increasing its stake in Youi from 92% to 94.6%. The Group capitalised its Irish subsidiary with a total of R1 870 million (€91.1 million)." In a trading statement for the six months to 31st December 2024, the company estimated that HEPS would increase by between 42% and 48% due to, "...significantly lower natural perils claims incurred compared to the six months ended 31 December 2023 (comparative period) by particularly Youi and also OUTsurance SA; the strong premium growth of the operating segments." Technically, the share has been climbing steadily since the unbundling, and we believe it will continue to perform. We added it to the Winning Shares List (WSL) on 15th June 2024 at a price of 4457c. It has since risen to 7034c - a gain of 57.8% in just over 8 months.
USDJPY has been consolidating within the daily support zone for a while now. A major break or choch in the will give the direction of the market.
EUR/USD news: ?The EUR/USD pair continues its downward trend for the third consecutive day, trading around 1.0390 during the Asian session on Friday. The Euro faces selling pressure due to increased risk aversion, driven by escalating trade tensions between the US and the EU. US President Donald Trump signaled the possibility of imposing “reciprocal” tariffs on the EU as soon as April. ?In response, a European Commission (EC) spokesperson stated that the EU would respond decisively and immediately to any unjustified trade barriers. This ongoing uncertainty may further weaken the Euro, adding to the bearish sentiment surrounding the EUR/USD pair. ?Meanwhile, the US Dollar Index (DXY), which tracks the performance of the USD against six major currencies, gained strength following the release of US GDP data on Thursday. At the time of writing, the DXY remains near 107.40. Personal opinion: ?EUR/USD will continue to maintain a downtrend in the coming days due to the negative news still affecting. But there will be an increase to retest the resistance zone and then follow the downtrend Analysis: ?Based on important resistance - support levels and Fibonacci combined with the SMA200 line to come up with a suitable strategy Plan: ? Price Zone Setup: ?Sell EUR/USD 1.0420 – 1.0430 ❌SL: 1.0460 | ✅TP: 1.0380– 1.0340 – 1.0300 FM wishes you a successful trading day ???
Nifty 50 (NSEI: NIFTY) was in a trend for 12 years from June 2008 to Dec 2020. In December 2020 it broke out of this range at ~13357 and almost doubled in just shy of 4 years (September 2024) peaking at ~26277. https://www.tradingview.com/x/BJL310oD/ Support 1 : 21870 (Fib 23.6%) Support 2 : 19114 (Fib 38.2%) Support 3 : 16909 (Fib 50%)
The displacement that occurred here is beautifully lining up the buy potential after a take of this low, No less than 1 Hour overviews will be considered for this one because the market is still on a respected sell movement
Sanlam (SLM) is one of the largest insurance and financial services groups in South Africa. It was established in 1918, demutualised in 1998, and then listed on the JSE and the Namibian Stock Exchange. It has operations in South Africa, the UK, America, Europe, India, and Australia, as well as a range of other African countries. Its product range includes general insurance, life insurance, asset management, banking, credit, health, and bancassurance. The business has four essential elements: 1. Sanlam Investment Holdings (SIH) - now 25% owned by African Rainbow Capital. 2. Sanlam Emerging Markets - which includes its 84.5% interest in Saham. 3. Sanlam Personal Finance. 4. Santam - in which it owns 61%. Outside of South Africa, it has operations in 11 other African countries and Malaysia. Saham has operations in 33 French-speaking countries with 3,000 staff members operating out of 700 branches, offering a similar product mix to Sanlam. Sanlam also owns 26% of Shriram, a leading provider of insurance products and financial services in India. It also made a deal to acquire 69% of Catalyst Fund Managers, a Cape-based manager of listed property assets, and 100% of an Irish company, CIG Fund Management. About 50% of Sanlam's profits come from its personal finance operation, which is primarily based inside South Africa. It is therefore impacted by the low levels of consumer spending in this country as well as the economic recession. Sanlam is 18% black-owned and has initiated a partnership with African Rainbow Capital (ARC), in which it intends to focus on lower- and middle-income consumers and small companies. Sanlam will provide R2bn of seed capital. On 14th June 2021, the company announced that it had acquired the Alexander Forbes group risk and retail life business for R100m. The company announced that, like Discovery, it would require employees to be vaccinated against COVID-19 from 2022. In its results for the six months to 30th June 2024, the company reported headline earnings per share (HEPS) up 40%. The company said, "The group's earnings momentum continued, growing net result from financial services (NRFFS) by 14%, reflecting strong trading performances across our businesses. Our life and health insurance operations grew net results from financial services by 14%, general insurance reported a 16% rise, investment management performance was satisfactory with 10% growth, while the group's credit and structuring operations recorded growth of 9%. NRFFS per share increased by 19% due to a lower adjusted weighted average number of shares in 2024 relative to 2023." In a trading statement for the year to 31st December 2024, the company estimated that HEPS would increase by between 30% and 40%. Sanlam is one of the JSE's foremost blue-chip shares with a history of steady growth over a long period of time. After recovering somewhat from the fall in markets due to the coronavirus pandemic, it is currently trading on a P:E of 10.55. We consider it to be good value at these levels. In a joint announcement on 18th June 2024, Sanlam agreed to buy 60% of MultiChoice’s insurance business for R1.2bn in cash.
**? Gold Short Trade Idea - Trend Continuation Setup** I'm looking for a **sell opportunity** on Gold (XAU/USD) based on the bearish market structure and key confluences: ✅ **Bearish Trendline Respect:** Price is rejecting the descending trendline. ✅ **Supply Zone Rejection:** 2,877 - 2,878 acting as resistance. ✅ **Volume Confirmation:** Selling pressure is increasing. ✅ **Market Structure Shift (MSS):** Lower highs & lower lows confirming a downtrend. ✅ **RSI Weakness:** Bearish momentum remains strong. **? Trade Plan:** ? **Sell Entry:** 2,877 - 2,878 (after rejection confirmation). ? **Stop Loss:** Above 2,880 - 2,882 (above liquidity zone). ? **Take Profit Targets:** - ? **TP1:** 2,870 - ? **TP2:** 2,865 - ? **TP3:** 2,858 ? *Risk Management:* Waiting for price to confirm rejection before entering. A break above 2,880 invalidates the setup. ? **Let me know your thoughts! Would you take this trade?** ? #Gold #XAUUSD #Forex #Trading
The DXY maintains its bullish stance, reinforcing dollar strength as a wedge market structure develops. With mitigation around the 105.600s, the pattern suggests a continued push toward the 109.000s. As the Gold market declines .Traders should monitor key levels for confirmation of sustained momentum follow for more insights , comment , and boost idea .
Spar (SPP) runs a chain of supermarkets across Southern Africa with 2,402 stores. It also operates the Build-It chain in hardware and building materials and the Tops Liquor chain. Additionally, it has operations in Southern Ireland under the name "BWG," which operates through 1,392 stores, as well as the Spar chain of 388 stores in Switzerland. As a group, Spar is a serious competitor in the South African retail industry, making extensive use of franchising to expand its network. The development of its new Polish enterprise has been frustrated by COVID-19. Its diversification into Ireland and Switzerland provides it with a solid rand-hedge component, which does not appear to be reflected in its valuation. In its results for the year to 30th September 2024, the company reported turnover up 4% and headline earnings per share (HEPS) up 11.1%. The company stated, "...gross profit margin for SPAR South Africa, including SPAR, Tops and Build it, decreased from 8.7% to 8.5%. BWG Group saw a slight increase in its overall gross profit margin from 15.1% to 15.2%, driven by a more favourable category mix. Improved margin management within the wholesale and TopCC cash and carry business saw SPAR Switzerland's gross margin improve from 17.8% to 18.3%." In an update on the 18 weeks to 31st January 2025, the company reported group turnover down 1.6% and retail sales up 3.4%. The company stated, "Growth was particularly robust in our lower-income grocery stores with subdued growth in our middle- and higher-end stores. Sales growth was impacted by the planned closure of 13 grocery stores in our South Rand Region." In our view, the share is now underpriced at current levels and represents a bargain. We originally advised waiting for a break up through its long-term downward trendline, which happened on 12th June 2024 at a price of 11,065c. It has subsequently moved up to 13,450c. On 4th September 2024, the group announced that it would pay an estimated R2.7bn to settle the debts of its Polish operations in order to sell them to a local retailer for R185m. At the time, the once-off cost caused the Spar share price to drop sharply.
Hi traders as you can see we've been in a strong bull run,soo expect anything if that trendline support won't hold it might lead us to strong sell,soo watch this zone and take calculated move,am not giving anyone a buy or sell,you can take all responsibility in to your hands and do what you have to do thank you,you can share your view.