It's not, not sci-fi GTA. Leslie Benzies, the former lead game designer on Rockstar games like Grand Theft Auto 5 and Red Dead Redemption, is getting ready to release his next game, MindsEye which got a new look in the PlayStation State of Play.In a new trailer for MindsEye, we got a look at this …
Heute Abend könnt ihr einen aufregenden, inzwischen aber gar nicht mehr so bekannten Sci-Fi-Film im Fernsehen schauen, der mit großen Stars und einer ziemlich düsteren Geschichte daherkommt.
XAUUSD Running sell limit Join group https://t.me/Forex_Faith_academy https://t.me/Forex_Faith_academy
Is the price correction a possible retest of the rectangle? Please observe the 0.00001643 key level, and notice it is in a FVG and close to the 50 % Fib level. Please be careful and have a nice day.
Daily MACD is still deep in the bear zone and Solana hasn't even claimed the the previous week high. Therefore, the overall sentiment for Solana is still bearish to me, however, in the 4H chart, I can see some bullish momentum is building up and a potential swing opportunity might be coming up soon. The things I am seeing for a potential swing trade are as follows: 1) The price broke and closed above the descending treandline and now the price is consolidating (not dropping) in the range bound in the Fib 0.236 region. 2). When the price tries to move to the upside, the first barrier that it has to break is Fib 0.236. It doesn't guarantee it is the start of the bull, but it is the early sign of the bullish momentum. If the momentum is weak, the price starts to retrace to the downside when it hits 0.382 and 0.5. So, I need to wait and see the sideway consolidation ends and the price moves decisively (without a long top wick) above $203. 3) MACD needs to be properly crossed, point to the upside and enter the bull zone. As I said, daily MACD is still in the bear zone. Therefore, 4H chart provides a good trade set up for a long, the upside momentum might be still limited to the Fib 0.5 -0.618 area. Therefore, if I open a long position based on 4H chart, I will be very cautious with position size and profit target.
Hello everyone, let's analyze gold and develop our trading strategy for today! Yesterday, gold experienced a sharp decline but quickly regained its upward momentum, recovering to reach $2,917 - equivalent to approximately 0.46% for the day. The primary factor driving gold's price increase is investor capital flowing in amid concerns about geopolitical tensions in the Middle East, negative impacts from US tariff policies on certain trading partners, and trade tensions between the US and China... In our short-term analysis, we can observe that gold has broken out of the descending wedge pattern and established a new support level (as clearly marked on the chart). Price movement above the 34 and 89 exponential moving averages (EMA) is a positive indicator, suggesting upward momentum. Based on both fundamental and technical factors, I personally support a medium to long-term buying strategy, targeting a take profit (TP) at $2,940, with a stop loss (SL) set at $2,891. What are your thoughts about gold today? Leave your comments below and let's discuss together.
Impala Platinum Holdings (IMP), or Implats, is the world's third-largest platinum group metals (PGM) producer. It has been suffering over the past seven years from aggressive union action and legislative uncertainty. The CEO says that they are focused "...on developing a portfolio of long-life, low-cost, shallow, modern, mechanised mining assets." This is similar to what Anglo American Platinum has been doing for the past ten years. The market for platinum itself has been damaged by a reduction in auto catalyst demand recently, especially for diesel trucks. Palladium and rhodium still have strong markets, but platinum has been oversupplied on world markets. The company plans to grow its production from Zimbabwe by 14% due to the Mupani shaft coming on stream in 2022. Its newly acquired Canadian operation should also increase production. On 20th July 2023, the company announced that it had acquired 56.52% of RB Plats as a result of its mandatory offer. Northam also announced its decision to sell its 34.5% holding to Implats. On 28th June 2022, the company announced that it had reached a five-year wage deal with its major union, the Association of Mine Workers and Construction Union (AMCU), for an average wage increase of 6.6% per annum. On 28th November 2023, the company reported that 11 people had died and 75 were hospitalised following an incident at its No. 11 shaft in Rustenburg. In its results for the year to 30th June 2024, the company reported revenue down 18.9% and headline earnings per share (HEPS) down 87.8%. The company said, "Significantly weaker US dollar sales revenue offset the benefit of strong operational delivery in FY2024 - average palladium and rhodium pricing dropped sharply, negating higher sales volumes and compressing operating margins and free cash flow." In an update on the first quarter to 30th September 2024, the company reported production volumes down by 5% but maintained production volume guidance. The company said, "Implats is on track to deliver our previously provided operational, cost and capital expenditure guidance in FY2025." In a trading statement for the six months to 31st December 2024, the company estimated that HEPS would fall by between 40% and 49% due to an 8% drop in the rand price of 6E PGMs, which offset cost controls and higher output. Technically, the share was in a downward trend from March 2022 to March 2024, mainly as a result of lower PGM prices, increased costs, and load-shedding. It has recovered somewhat since then but remains a volatile commodity share.
Brimstone (BRT) is a black-controlled investment holding company with a diverse portfolio of holdings. It owns: 1. 54.2% of Sea Harvest, which is a listed fishing company and has a market capitalisation of just over R4.5bn. 2. 100% of Lion of Africa, a loss-making insurance company, which decided in November 2018 to cease operations and close its doors. 3. 100% of House of Monatic, a loss-making clothing manufacturer. 4. 24% of Oceana, the largest fishing company in South Africa with a market capitalisation of R8.6bn. Brimstone is increasing its shareholding by buying 8m shares from Tiger Brands, which will take its holding to 22.9%. 5. 6.1% of Grindrod. 6. 18% of Aon Re Africa. 7. 25% of South African Enterprise Development. 8. 49.8% of Vuna Fishing company. 9. 12.8% of Milpark Education. 10. 25% of Obsidian (a black-owned investment holding firm positioned to benefit from the roll-out of the NHI), which in January 2020, it increased to 80% for R35.7m. Additionally, Brimstone holds a variety of other smaller shareholdings in property, healthcare, 3.9% of Long4Life, and 5.3% of Stadio. The company has been selling down its stakes in Life Healthcare, Lion of Africa, House of Monatic, Equites, Multichoice, and Phuthuma Nathi. It has used the proceeds to pay down R1bn of its debt. In its results for the six months to 30th June 2024, the company reported revenue down 39% and headline earnings per share (HEPS) up 110%. The company's intrinsic net asset value (NAV) fell 5.7% to 1143.6c per share. The company said, "Despite the operating environment, the Group reported headline earnings per share of 71.9 cents (2023: 34.2 cents), up 110% over the comparative period. This was mainly due to fair value gains of R76.2 million compared to fair value losses of R40.3 million in the prior period, and the increase in Brimstone’s share of profits of associate, Oceana, from R94.9 million in the prior period to R187 million in the period under review." The company disposed of its entire stake in Milpark and part-stakes in Phuthuma Nathi, MTN Zakhele Futhi, and Equites. In a trading statement for the year to 31st December 2024, the company estimated that HEPS would be between 46% and 56% higher. We regard the share as too thinly traded for private investors and, unless they begin to unbundle the portfolio, the extra value is likely to remain locked in.
KAP International Holdings (KAP) is a diversified industrial company that produces and markets timber, chemicals (PET and related chemicals), bedding, and car parts. It also has a logistics division. The acquisitions of Safripol and Hosaf were integrated into a polymers business under the Safripol name. The bedding division showed strong growth with new investment in infrastructure and manufacturing capability. Growth in the automotive parts division was muted. This company was 43% owned by Steinhoff, which has now divested completely. The renewal of the government's Automotive Production and Development Programme (APDP) until 2035 will be a boost for KAP's parts manufacturing business. The timber division is ramping up after the lockdown, and demand for its products has remained buoyant. The automotive components division was severely impacted, and the post-lockdown recommencement has been slow. The bedding division was able to operate through the lockdown with strong demand for medical and agricultural needs. Polymers also operated throughout the lockdown. In a report on 20th April 2022 into the flooding in Natal, the company said, "The Company’s operations in the region have experienced some temporary operational and supply chain disruptions, which are in the process of being resolved." In its results for the year to 30th June 2024, the company reported revenue down 2% and headline earnings per share (HEPS) down 4%. The company's net asset value (NAV) increased by 7% to 500c per share. The company said, "...operating profit before depreciation, amortisation and capital items (‘EBITDA’) decreased by 8% to R3 694 million (2023: R4 020 million), while operating profit before capital items decreased by 11% to R2 250 million (2023: R2 523 million) for the year, with the decline mostly attributable to Safripol." In an operational update on the five months to 30th November 2024, the company reported increased operating costs and finance costs. The company said, "Revenue improved due to a c. 50% combined increase in MDF domestic and export sales volumes, primarily attributable to the higher MDF production." In a trading statement for the six months to 31st December 2024, the company estimated that HEPS would fall by between 19% and 23%. Technically, the share has been falling since September 2024, and we recommend waiting for it to break up through its downward trendline before investigating further. Obviously, the logistics problems at Transnet have been having an impact. We think it may represent good value at current levels, but it is volatile.
Northam (NPH) is a fully empowered platinum mining company that operates in the Bushveld complex. In the current difficult legislative environment, where the 3rd mining charter is regarded as unfriendly from an investment point of view, Northam is probably the only mining house that is buying up new properties. It has come to an arrangement with Anglo American to exploit a property adjacent to its Zondereinde mine (the deepest platinum mine in South Africa). It has also bought Eland Platinum from Glencore for R175m, which it intends to re-start at a cost of R2bn. On 29th October 2019, the company announced the acquisition of Maroelabult for R20m, which is west of the Eland mine with an analogous ore body. This has accelerated the bringing to production of Eland and required very little capital. With the Eland mine, Northam got a concentrator plant that can process up to 250,000 tons a month. In return, Glencore got the right to market all of Northam's chrome. At the same time, Northam has recently commissioned a new smelter to try to process its backlog of platinum ore, which is estimated to be worth about R2.5bn. Zondereinde is a deep-level mine that has all the problems associated with mining at depth, while Booysendal is a shallow mechanised mine that is much easier to manage. Both mines are profitable, but the empowerment structure results in Northam always reporting a loss because of the preference dividend that must be paid. Once Booysendal is complete, the company should generate strong cash flows. The appointment of Mcebisi Jonas (former South African Minister of Finance) and Jean Nel (previously CEO of Aquarius Platinum) as non-executive directors will significantly add to the strength of the board. The company has the stated intention of doubling its workforce as it strives to become a major PGM supplier in the world. With plans to increase production of PGMs over the next few years to 1 million ounces, this is probably one of the better options in the industry. The company has also sold its Impala shares for R3.1bn. The PGM industry is currently navigating significantly depressed PGM prices and high inflation, together with a raft of global geopolitical uncertainties and, locally, Eskom load curtailment events. In its results for the year to 30th June 2024, the company reported revenue down 22.2% and headline earnings per share (HEPS) down 81.6%. In a production update for the six months to 31st December 2024, the company reported refined PGM production up 3.7% and chrome production up 7.5%. The company said, "PGM production from Zondereinde remains on target, despite a stoppage during November as a result of a failure of a primary Eskom feed substation. Chrome concentrate production has benefitted from increased UG2 milling and further incremental improvements in chrome recovery." In a trading statement for the six months to 31st December 2024, the company estimated that HEPS would fall by between 44.7% and 54.7%. Since April 2021, there has been a steady decline in the share, which has seen it fall back substantially. Despite this, we see a good future for this company in the longer term, but it remains a volatile commodity share. We recommend waiting for a clear break up through the downward trendline before investigating further.