On the 28th of November 2022, Reunert released good annual results for its 30 September 2022 financial year end.
The salient results were (R'm)
Revenue: R11,129m +16%
Operating profit: R1,231m +17%
Attributable profit: R827m +6%
HEPS: 519cps +9%
EPS: 520cps 8%
Final dividend per share: 224cps +8%
The group also stated that it is positioned to deliver an improved performance in 2023.
Technically, Reunert is making a strong recovery.
Since peaking at R88,75 in August 2018, the stock went through a two year bear market that shed 68,4% of its value.
The recovery from the September 2020 bottom has been steady but recent price action from the July 2022 bottom of R36,11 looks impulsive and has tailwinds from improved fundamentals.
Trading volumes are also starting to pick up which is a positive signal of money flowing into the stock.
The salient results were (R'm)
Revenue: R11,129m +16%
Operating profit: R1,231m +17%
Attributable profit: R827m +6%
HEPS: 519cps +9%
EPS: 520cps 8%
Final dividend per share: 224cps +8%
The group also stated that it is positioned to deliver an improved performance in 2023.
Technically, Reunert is making a strong recovery.
Since peaking at R88,75 in August 2018, the stock went through a two year bear market that shed 68,4% of its value.
The recovery from the September 2020 bottom has been steady but recent price action from the July 2022 bottom of R36,11 looks impulsive and has tailwinds from improved fundamentals.
Trading volumes are also starting to pick up which is a positive signal of money flowing into the stock.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.