Remgro broken out of the box and next up R191.31

30 giu 2023

Box formation has been in the process in the last few months...

In this case, it looks like it'll be a continuation pattern. The prior trend was up, we have a consolidation process now and soon we should get a breakout.

I'm guessing up.

MAs - 7>21>200
RSI>50
Target R191.31

ABOUT THE COMPANY

Remgro Limited is an investment holding company based in South Africa.

Establishment:
Remgro was incorporated in 1948 in South Africa as a tobacco manufacturer.

Name Origin:
The name "Remgro" is derived from "Rembrandt Group", the original tobacco company from which Remgro split in the 1980s.

Investment Focus:
The company focuses on a broad spectrum of industries, including banking, healthcare, insurance, industrial, infrastructure, media, sport and recreation, technology, and consumer sectors.

Headquarters:
Remgro's headquarters are located in Stellenbosch, South Africa.

Major Investments:
Remgro holds major stakes in numerous well-known South African companies such as RMB Holdings, FirstRand, MediClinic, and Distell.

Mediclinic Corporation:
In the healthcare sector, Remgro holds a significant stake in Mediclinic Corporation, an international private hospital group.

Sports Investment:
Remgro owns a controlling interest in the Stellenbosch Rugby Academy.

Market Cap:
Remgro had a market capitalization of around 75 billion ZAR.