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Online Share Trading

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SNV - worth a look at these levels

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ABuzz
Super Contributor
Does anyone know whether there is anything driving this share down, otherwise it is at a good buy level currently. OMO
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3 REPLIES 3
poo
New Contributor
this is a good level, and if you look back at historical charts u will see that the share moves generally around the time results are due to be posted, so if you got patience and catch the share on weakness u will definately make some nice gains. 20% - 50% at least. I heard that they talking about the share going up to as high as 30 cents at end of year. With Impson results boosting the figures you should start seeing some decent profits, but this share does make money on the rand weakening, not strengthing so be careful for now!
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ABuzz
Super Contributor
Hi poo. I go along with most of your thinking, but the Rand strength cannot be the only contributor, as it has only strengthened about 5% over the last 2 months or so versus the +/- 40% drop in the share price over the same period
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ABuzz
Super Contributor
All the sellers at 13 cents now gone, buyers having to pay 14 to get in.
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