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METAIR INVESTMENTS LTDMETAIR INVESTMENTS LTDMETAIR INVESTMENTS LTD

METAIR INVESTMENTS LTD

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MTA trade ideas

Our opinion on the current state of METAIR(MTA)Metair (MTA) produces energy solutions (batteries) and components for the vehicle manufacturing business. It has operations in Africa and in various European and Middle East countries. The company's energy storage business is located in Turkey in an operation called "Mutlu". The business it is in has the prospect of growing rapidly as electric motor vehicles replace those powered by internal combustion engines. The company has announced its intention to split into its European acid battery business and its automotive components business in South Africa. In a report on the impact of the floods in Natal, the company said, "Whilst the impact on Metair’s facilities was minimal and operations had promptly returned to normal, a major Original Equipment Manufacturer (OEM) customer of the Group advised that it suffered significant damage to its plant with production suspended for clean-up operations and assessments to be carried out." The company received a R150m insurance payout for business interruption from the Natal floods. In its results for the six months to 30th June 2024, the company reported revenue up 4% and a headline loss of 3c per share compared with a profit of 41c in the previous period. The company's net asset value (NAV) increased 12% to 2923c per share. The company said, "The reporting period required ongoing agility within Metair’s operating markets and mitigating actions to address the negative impacts of lower South African Original Equipment Manufacturers’ (“OEMs”) customer demand and volume variability." The share has been falling since October 2021. We recommend waiting for a break up through its downward trendline before investigating further. The share has been rising since June 2024, but has yet to break up through its long-term downward trendline. On 6th December 2023, the company announced that its CEO, Sjoerd Douwenga, would resign with effect from 31st January 2024 due to ill health. On 16th September 2024, the company announced that it had sold its entire shareholding in Mutlu, its Turkish operation, for R1,95bn. The news caused the share price to jump. On 5th October 2024, the company announced that it had acquired Autozone from the business rescuers for up to R290m in cash.
JSE:MTA
by PDSnetSA
Our opinion on the current state of METAIR(MTA)Metair (MTA) is a company that produces energy solutions, primarily batteries, and components for the vehicle manufacturing sector. It operates in Africa, Europe, and the Middle East, with its energy storage business located in Turkey under the "Mutlu" operation. The company is well-positioned to grow as the automotive industry transitions from internal combustion engines to electric vehicles. Metair has announced its intention to split its European acid battery business from its South African automotive components business, which could unlock value in the future. Regarding the floods in Natal, Metair reported minimal damage to its facilities and a prompt return to normal operations. However, one of its major Original Equipment Manufacturer (OEM) customers suffered significant damage, temporarily suspending production. Metair received a R150 million insurance payout for business interruption related to the floods. For the six months ending 30th June 2024, Metair reported a 4% increase in revenue, but a headline loss of 3c per share compared to a profit of 41c in the previous period. The company's net asset value (NAV) rose by 12% to 2923c per share. Metair noted that the period required agility and mitigating actions to manage the negative impacts of lower customer demand and volume variability from South African OEMs. The share price has been on a downward trend since October 2021, and we recommend waiting for a clear break above its downward trendline before considering further investment. Although the share has been rising since June 2024, it has not yet broken through its long-term downward trendline. On 6th December 2023, Metair announced that CEO Sjoerd Douwenga would resign effective 31st January 2024 due to ill health. On 16th September 2024, the company announced the sale of its entire shareholding in its Turkish operation, Mutlu, for R1.95 billion, which caused a sharp rise in the share price. The sale of Mutlu provides the company with additional capital and could further boost its balance sheet.
JSE:MTA
by PDSnetSA
Our opinion on the current state of MTAMetair (MTA) produces energy solutions (batteries) and components for the vehicle manufacturing business. It has operations in Africa and in various European and Middle East countries. The company's energy storage business is located in Turkey in an operation called "Mutlu". The business it is in has the prospect of growing rapidly as electric motor vehicles replace those powered by internal combustion engines. The company has announced its intention to split into its European acid battery business and its automotive components business in South Africa. In a report on the impact of the floods in Natal, the company said, "Whilst the impact on Metair’s facilities was minimal and operations had promptly returned to normal, a major Original Equipment Manufacturer (OEM) customer of the Group advised that it suffered significant damage to its plant with production suspended for clean-up operations and assessments to be carried out." The company received a R150m insurance pay out for business interruption from the Natal floods. In its results for the six months to 30th June 2023, the company reported revenue up 31% and headline earnings per share (HEPS) down 9%. The company's net asset value (NAV) increased 3% to 2615c per share. The company said, "Group revenue increased 31% to R7.6 billion (H1’22: R5.8 billion), reflecting the recovery in local OEM volumes following the KZN floods and the resulting loss of sales to the group’s key customer in FY’22. The group also commenced mass production and volume ramp-up for new customer vehicle models, most notably for FMCSA (“Ford”). Group operating profit increased by R180 million to R324 million (H1’22: R144 million) and operating margin improved to 4.2% (H1’22: 2.5%)." In a trading statement for the year to 31st December 2023, the company estimated that HEPS would be between 128c and 140c compared with a loss of 17c in the previous year. The company said, "South African OEM production volumes grew 20% from 2022, improving top-line growth in the Group's automotive components business. Automotive battery volumes sold in the Energy Storage Vertical declined 17% from 8.7 million to 7.3 million units, mainly due to the loss of export volumes primarily in Mutlu Akü." The share has been falling since October 2021 and the recent results appear to have accelerated that fall. We recommend waiting for a break up through its downward trendline before investigating further. On 22nd March 2023, the company announced that its CEO, Riaz Haffejee, would resign with effect from the end of that month. On 6th December 2023, the company announced that its CEO, Sjoerd Douwenga, would resign with effect from 31st January 2024 due to ill health.
JSE:MTA
by PDSnetSA
Our opinion on the current state of MTAMetair (MTA) produces energy solutions (batteries) and components for the vehicle manufacturing business. It has operations in Africa and in various European and Middle East countries. The company's energy storage business is located in Turkey in an operation called "Mutlu". The business it is in has the prospect of growing rapidly as electric motor vehicles replace those powered by internal combustion engines. The company has announced its intention to split into its European acid battery business and its automotive components business in South Africa. In a report on the impact of the floods in Natal the company said, "Whilst the impact on Metair’s facilities was minimal and operations had promptly returned to normal, a major Original Equipment Manufacturer (OEM) customer of the Group advised that it suffered significant damage to its plant with production suspended for clean-up operations and assessments to be carried out". The company received a R150m insurance pay out for business interruption from the Natal floods. In its results for the six months to 30th June 2023 the company reported revenue up 31% and headline earnings per share (HEPS) down 9%. The company's net asset value (NAV) increased 3% to 2615c per share. The company said, "Group revenue increased 31% to R7.6 billion (H1’22: R5.8 billion), reflecting the recovery in local OEM volumes following the KZN floods and the resulting loss of sales to the group’s key customer in FY’22. The group also commenced mass production and volume ramp-up for new customer vehicle models, most notably for FMCSA (“Ford”). Group operating profit increased by R180 million to R324 million (H1’22: R144 million) and operating margin improved to 4.2% (H1’22: 2.5%)". The share has been falling since October 2021 and the recent results appear to have accelerated that fall. We recommend waiting for a break up through its downward trendline before investigating further. On 22nd March 2023 the company announced that its CEO, Riaz Haffejee, would resign with effect from the end of that month. On 6th December 2023 the company announced that its CEO, Sjoerd Douwenga, would resign with effect from 31st January 2024 due to ill health.
JSE:MTA
by PDSnetSA
Metair Up or Down? Both targets possibleBox Formation has formed with MTA. Now we need to wait for the breakout. Now this is funny. Normally box formations are Continuation patterns. As the prior trend was down, we would expect the price to break down. However, we are seeing higher lows and the support is being respected. So I am favouring an upside breakout. But in the meantime I'll give you both potential targets to act on. 7>21 - Sideways Price<200 - Bearish RSI=50 Target up R22.00 Target down R16.00 ABOUT THE COMPANY Metair Investments Ltd is a South African company that manufactures, assembles, distributes, and retails energy storage solutions and automotive components. Establishment: Metair was founded in 1948 and has since grown into a global company with operations in numerous countries. Public Listing: Metair has been listed on the Johannesburg Stock Exchange (JSE) since 1987. Two Divisions: Metair operates through two primary business segments - Energy Storage and Automotive Components. Global Presence: Metair's operations span across South Africa, Turkey, Romania, Germany, the United Kingdom, and the rest of Africa. Energy Storage: Under the Energy Storage division, Metair manufactures products for automotive, industrial, renewable energy, retail, and telecom sectors. The division includes the brands Mutlu, Rombat, and First National Battery among others. Automotive Components: Metair's Automotive Components division includes companies like Hesto Harnesses, Lumotech, and Smiths Manufacturing. This division produces original equipment (OE) components for vehicle manufacturers and aftermarket parts. Technology Development: Metair is involved in the development of lithium-ion battery technology and has a strategic focus on e-mobility.
JSE:MTA
by Timonrosso
Metair skyrocketing to R30.00 with a warningFalling Wedge which looks more like a rectangle flag formed on Metair. We then saw a Major breakout today. The next target is generally to the top of the formation. However, we have mixed signals and a warning. 200>21>7 - Bearish RSI>50 - Bullish Target R30.00 WARNING We need the price to break above the 200MA to indicate it's in a confirmed uptrend. We need to wait for this to happen before the bullishness shows more on the charts. ABOUT the group manages an international portfolio of companies that manufacture, distribute and retail products for energy storage and automotive components. Metair was formed in 1948, becoming a supplier of automotive components to a single OEM in South Africa in 1964.
JSE:MTALong
by Timonrosso
Keep an eye on this Bullish Breakaway.I'm quite the advocate of using Support & Resistance Levels analyse price action. Here I have used the Parabolic SAR to identify Period High & Low prices, then I plotted the Fibonacci Retracement. There appears to be a move higher away from the Volume Weighted Average Price, suggesting to me that investors are Bullish on the future prospects of this share. That being said, having Broken Resistance, I would expect prices to retrace over the next month or so, but not too much as to warrant taking a short position. (Those fortunate few who bought around the periods low prices, may just be inclined to take some proverbial money off the table, as markets head into a volatile period). My view is that once (and if) the price does retrace, I have little doubt that the Bullish sentiment will continue well into 2022, where it may look to retest the old support level it broke. (as indicated on the left of the chart). * I'd strongly encourage identifying an Entry & Exit position before entering the trade. Once happy with your Risk Reward profile, then I'd think about Price Targets. ** Keep in mind that this is a Monthly Chart, so my analysis & outlook is based on a long term "Buy & Hold" strategy *** I'm not a Professional & This is not Financial Advice.
JSE:MTALong
by Mike1North