After a number of false starts i think its one to be watched....The MA shows no sign of a turn yet,however Graemer Korner now of BOE whose opinion i respect sees it as a buy....As they pay only one Div a year in i think Feb ,its price should increase up to that event....Then there are the Italians....To twist a saying "When in Rome do the Romans before they do you!"
MTN is a fantastic company. Great growth prospects. It's dividend is paltry though. Even if they increase their div 30% to 177c, it's still only a forward div of 1.6% at todays price. There is of course a chance that they can reduce their div cover that is at about 5. But this may take awhile as they are investing heavily into their expansion programs. Buy for growth prospects. OMO
Hey Louisg I am trying to also increase that dividend mate so up here in ghana and nigeria I am fully manual on network search and find MTN hey in nigeria i even have 3 G there and phones are half price mate so I use those Nira
Amanda.....not sure in the short term - it looks a bit shaky and could go either way. Long term definate yes. If you are looking for nice short term long look at Naspers or ARI.....both have excellent set up and as soon as you have entry there is a good opportunity for a least a R10 move on both these shares.
No he doesn't louisg, the probability of it reaching that target is just higher after the broadening formation break. It will move lower until it doesn't, I think he simply means that for the forseeable future it isn't time to buy until it gives a reversal pattern.
Wena, no matter what we use (TA or FA) to trade/invest, nobody can predict the market with such accuracy. It's ridiculous to make such statements and perhaps even harmful to those that take such predictions as FACT and trade on it. (Skippy also predicted SOL down to R220)