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UPDATE Redefine just crossed above the Falling FlagFalling Flag formed on Redefine and the price is officially breaking up and out of the range. This is bullish for the company as the JSE ALSI is also showing strong upside to come. We also see the 7=21 and is about to cross. Price>200 - Bullish RSI>50 Target 4.39 ABOUT THE COMPANY Redefine Properties Limited is a South African-based real estate investment trust. History Redefine Properties was founded in 1999 and is headquartered in Sandton, South Africa. It is also listed on the London Stock Exchange (LSE) as a secondary listing. Type of Company: Redefine Properties is a real estate investment trust (REIT). Diversified Portfolio: Redefine has a diverse property portfolio that includes office buildings, retail centers, industrial properties, and other real estate assets. Redefine Properties owns and manages a portfolio of over 500 properties valued at more than ZAR 70 billion as of March 2023. The portfolio includes office buildings, shopping centers, industrial properties, and hotels. The company has a well-diversified customer base, including multinational corporations, small and medium-sized enterprises, and government entities. They own many famous buildings like Alice Lane towers (Sandton) Centurion Mall (Pretoria) Kyalami Corner East Rand Mall, Boksburg, Rose Bank Mall Benmore Gardens etc...
JSE:RDFLong
by Timonrosso
Redefine needs to define its next breakout Redefine has been easy to probability predict in the last two years. It's been on one strong trajectory down. And after each crash, there is a relief rally to buy and profit from. However, now we are in tricky territory. There is a Broadening Triangle being formed which can break either way. That's the difficulty with Broadening patterns. My bet is DOWN only because the overall trend is in a bear market. And the overall bias is down because the price is below the 200MA. However, there needs to break a few strong levels. 1. The current support on the Broadening pattern. 2. The even strong support level established at R3.20. My target if the price breaks down will be R3.11. However, it's not like we can do much with this information. As an investor, I guess it's best to hold and wait for some kind of recovery. As a short term trader, we can just watch the analysis play out as I doubt market makers have Redefine as an option to short. We also need to look at the property index which has an influence on the market. ABOUT THE COMPANY: Redefine Properties is a real estate investment trust (REIT) based in South Africa. Overview: Redefine Properties is one of the largest real estate investment trusts in South Africa. Industry Focus: The company primarily focuses on the ownership, management, and development of properties across various sectors, including retail, commercial, and industrial. Diversified Portfolio: Redefine's property portfolio includes a diverse range of assets such as office buildings, shopping centers, and industrial properties. REIT Structure: As a real estate investment trust, Redefine typically distributes a substantial portion of its earnings as dividends to shareholders.
JSE:RDFShort
by Timonrosso
Growthpoint looking to point up after W breakoutW Formation has formed on the property company over the last 3 months. Today we are seeing a strong breakout to the upside. Also, the downtrend has broken and the price has moved into a bull market showing strong momentym up. Other indicators show upside to come: 7>21 Bullish Price<200 - Bearish but, price action is showing upside to come. RSI>50 Target R14.44 ABOUT THE COMPANY Growthpoint Properties Limited is a South African-based real estate investment trust (REIT) and one of the largest property investment companies in the country. Name: Growthpoint Properties Limited is commonly known as Growthpoint. Establishment: Growthpoint was founded in 1987 and has grown to become a prominent player in the South African property market. REIT Status: Growthpoint is classified as a real estate investment trust (REIT), which means it enjoys certain tax advantages and must distribute a significant portion of its earnings as dividends to shareholders. International Presence: While primarily focused on the South African property market, Growthpoint has expanded its footprint internationally, with investments in several countries. Diverse Portfolio: Growthpoint's property portfolio is diverse and includes office buildings, industrial properties, shopping centers, and retail properties. Property Assets: The company owns and manages numerous properties, including landmark buildings and shopping malls across South Africa and abroad. SOME OFFICES AND SHOPPING CENTRES INCLUDE: OFFICES: Sandton City Office Tower The Place 85 Grayston Drive Growthpoint Kings Park The Estuaries SHOPPING CENTRES: Canal Walk Shopping Centre East Rand Mall The Atrium on 5th Northgate Shopping Centre The Constantia Village
JSE:GRTLong
by Timonrosso