UPDATE Vukile still building its way to R17,59This is from the last update.
We saw an Inv Head and Shoulders from AUg 2023 to December 2023.
The price then broke above the Brim and the entire market went through an uptrend trajectory.
Higher lows each time, one fakeout, then a continued bullish momentum nuation.
Price remains above the 200MA and 20MA which signals upwards to come.
The target remains at R17.59
ABOUT THE COMPANY
Vukile Property Fund Limited is a notable retail-focused Real Estate Investment Trust (REIT) operating in South Africa and Spain.
Establishment and Listings:
Vukile was established in 2002 and listed on the Johannesburg Stock Exchange (JSE) on June 24, 2004. It expanded its listings to the Namibian Stock Exchange on July 11, 2007.
CEO:
Laurence Gary Rapp has been leading Vukile as its Chief Executive Officer, guiding the company's growth and expansion strategies.
Diverse Portfolio:
The company owns a variety of retail properties across South Africa and Spain, providing a well-diversified exposure across different macroeconomic drivers and a substantial Rand hedge portfolio. Its South African property portfolio includes around 40 properties with a gross lettable area (GLA) of approximately 859,772 square meters.
Recent Achievements:
Vukile has demonstrated resilience and growth, delivering a 10% increase in its cash dividend and updating its FY2024 guidance with positive expectations.
Specialist Focus:
As a specialist retail SA REIT, Vukile focuses on delivering spaces and experiences that exceed customer and tenant expectations, aiming to be the most trusted and respected retail property business in South Africa.
