Thanks! I will go and check. I think the Vodacom Share need to break the resistance of about 5600 per share. I see it tends to go up then back down to about 5500 and stay sideways for the rest of the day.
Vodacom was inherited by many who follow the thought police gurus. And the gurus worship MTN in this sector and denounce Vodacom and Telkom as the devils. The followers have been dutifully busy selling their VOD shares. In the last few days though the buyers are matching the sellers in numbers. I would not be surprised to see VOD at R70 before the end of July. IMHO
There are possibly still a lot of holders who bought into Telkom thinking they would get VOD shares at a premium. As the share goes up 2% or so they get an alert, sell and it goes down again. It listed around R58. Once it has ticked above that it will start to climb. The fund managers will start to nibble too. Many track top 40 and have to have some in their portfolios. That will improve the volumes too. Surely not everyone only believes in MTN? IMHO.