Charts are not looking great currently. Chart data reading these last 3 trading sessions are sell downs of institutional holders, looks like someone slowly lightening the load. Perhaps we might revisit 20c at this rate. Not ideal that the likes of SA/Eskom has combined with the global volatility at this stage. Not to mention the likes of Greta and the anti-coal and non renewable movement.
Still - I would think underlying results and earnings would come out on top.... just how long till we finally realise a much higher value i.e. 40c and above? I can imagine many weary holders here who have been waiting for our rerate.
It would be interesting if we get to 5c eps in the year or two ahead on a share price of 20c.
Charts are not looking great currently. Chart data reading these...
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