Stadio trend haven heading up to R6.70?Since July, Stadio has been in a a strong trend up.
I've drawn a diagonal Rectangle pattern showing the support and Resistances.
So if the Path continues, we can see it coming a bit down before making it's way up to R6.70.
We need to be aware of the support and resistances and if there are any breaks, the analysis may change.
Until then it's going up.
SDO trade ideas
Our opinion on the current state of STADIO(SDO)Stadio (SDO) is a tertiary education institution that offers a wide range of post-school training. The company provides higher education through five universities, offering qualifications ranging from higher certificates to degrees, master's, and PhD programs. Currently, it has over 46,000 students enrolled across six faculties, offering more than 50 accredited training programs. Notably, 86% of these students are studying online, aligning with the company's vision of growing its student base to 100,000, with a significant portion expected to be distance learning students.
In its results for the six months ending 30th June 2024, Stadio reported a 16% increase in revenue and a 20% rise in headline earnings per share (HEPS). The company's net asset value (NAV) also increased by 2% to 216c per share. The company noted, "The STADIO Group grew first semester students by 10% to 47,024 as at 30 June 2024 (30 June 2023: 42,874), with distance learning student numbers reflecting good overall growth of 10% to 40,702 at 30 June 2024 (30 June 2023: 37,067). Strong demand in professional qualifications continued to drive healthy growth in registrations for the period."
Given the challenges faced by government tertiary education in South Africa, Stadio is well-positioned to capitalize on the increasing demand for private education. The company has demonstrated strong growth and appears to be in a robust upward trend, making it a promising investment. We remain bullish on its prospects.
Our opinion on the current state of STADIO(SDO)Stadio (SDO) is a tertiary education institution that offers a wide range of post-school training. The company provides higher education through five universities, offering higher certificates, degrees, master's, and PhD qualifications. It currently has over 46,000 students enrolled in six faculties, offering more than 50 accredited training programs. Of these students, 86% study online. The company envisions having 100,000 students, with the majority expected to be distance learning students.
In its results for the year to 31st December 2023, the company reported revenue up 16% and headline earnings per share (HEPS) up 19%. The company's net asset value (NAV) increased by 1% to 212c per share. The company stated, "...despite a challenging economic environment, with good growth in student numbers for the year, specifically in new student numbers. The growth in EPS, HEPS, and CHEPS is due to an increase in student numbers, coupled with good cost controls and efficiencies."
In a business update at their AGM, the company reported that student numbers increased by 8% in the year to June 2024. This was comprised of 86% of students in distance learning and 14% in contact learning. In a trading statement for the six months to 30th June 2024, the company estimated that core HEPS would increase by between 14% and 24.3%.
We believe that Stadio has a great future, given the general ineffectiveness of government tertiary education in South Africa. At current prices, and following their results, Stadio has been in a strong upward trend. We are bullish on its prospects.
Our opinion on the current state of STADIO(SDO)Stadio (SDO) is a tertiary education institution that offers a wide range of post-school training. The company provides higher education through five universities, offering higher certificates, degrees, master's, and PhD qualifications. It currently has over 46,000 students enrolled in six faculties offering more than 50 accredited training programs. Notably, 86% of these students study online. The company envisions having 100,000 students, with most expected to be distance learning students.
In its results for the year to 31st December 2023, the company reported revenue up 16% and headline earnings per share (HEPS) up 19%. The company's net asset value (NAV) increased by 1% to 212c per share. The company stated, "...despite a challenging economic environment, with good growth in student numbers for the year, specifically in new student numbers. The growth in EPS, HEPS and CHEPS is due to an increase in student numbers, coupled with good cost controls and efficiencies."
In a business update at their AGM, the company reported that student numbers increased by 8% in the year to June 2024. This was made up of 86% of students in distance learning and 14% in contact learning.
We believe that Stadio has a great future based on the general ineffectiveness of government tertiary education in South Africa. At current prices, and following their results, Stadio has broken up through its long-term downward trendline and is now on an upward trend. We are bullish on its prospects.
Our opinion on the current state of SDOStadio (SDO) is a tertiary education institution that offers a wide range of post-school training. The company offers higher education through five universities offering higher certificates, degrees, masters, and PhD qualifications. It currently has over 38300 students enrolled in 6 faculties offering more than 50 accredited training programmes. 80% of these student study online. At least 25000 of those students are distance learning students which insulates the company against the impact of COVID-19. The company has a vision of having 100 000 students, 70% of whom are expected to be distance learning students. In its results for the year to 31st December 2022 the company reported revenue up 11% and headline earnings per share (HEPS) up 18%. The company's net asset value (NAV) increased 7% to 209c per share. The company said, "In the prior year ended 31 December 2021, the EPS was impacted by the initial impairment of the right of use asset of R17 million in respect of the leased Milpark Education Campus and an impairment of R10 million relating to the STADIO Group’s Montana property, which the STADIO Group disposed of during 2022". In an update on the position at 26th May 2023 the company said that student numbers had grown by 8%. In a trading statement for the six months to 30th June 2023 the company estimated that HEPS will be between 19,8% and 23,4% higher. We believe that Stadio has a great future based on the general ineffectiveness of government tertiary education in South Africa. At current prices, and following their results, Stadio has broken up through its long-term downward trendline and it is now on an upward trend. We are bullish on its prospects. On 1st March 2022 PSG announced that it will be unbundling it shares in Stadio (25,1%) into the hands of PSG shareholders to release value.
Stadio may be overbought, lock profits and trail your stops. JSE:SDO recently came under the light after releasing some good financial results. More often than not, when a stock becomes the "big talk" of retail investors, it is already too hot and they enter long positions only to HODL as it slips from its highs.
Looking at the recent price action of JSE:SDO, the instrument closed strongly bullish last week, however we can see price painting higher highs in a rising channel while the RSI is painting lower highs on the Weekly chart (long term price action). The 'Daily RSI' is also well into the overbought territory and this may be a signal to lock-in some profits as the instrument could be preparing for a "cool off".
Using the Fibonacci retracement tool over the high of Nov 2017 and the low of May 2020, price is expected to creep to the 61.8% retracement zone (around the R6.00 ~R6.18 levels) in a bearish reversal pattern on the lower time frames, where it may react bearishly to start its journey to R2.80 over the medium term. The share price is likely to find support at this level to rally higher and although very very unlikely (but not impossible), on the fail of this support then price may revisit the lows of May 2020.
$JSESDO - Stadio: Stay Bullish Above 299 zacStadio is a favourite of mine with solid fundamentals since unbundling from Curro.
The share price decline since listing was more of a macro fundamentals issue as the company beat all its pre-listing targets showing good growth.
From the March 2020 bottom at 75 zac, the advance has broken down in five waves labelled 1 to 5 for a higher degree wave (1).
Wave (2) has been relatively small but this is a share of a good, defensive company that I would say is probably undervalued at current levels.
As long as 299 zac holds, i will maintain my bullish stance on Stadio. A break below 299 will imply wave (2) is still unfolding.
JSE:SDO Stadio Holdings Rather Late than NeverStadio Holdings has been on a downward trend but with the Covid drop, something changed. The trading range indicated lots of buying with no spring and only higher highs at the last points of supply (LPS). The backup (BU) to the trading range was also very shallow. Now the price is already in the markup phase. However, there is still strength in the chart with an upsloping accumulation trading range in the markup. The next level of resistance is at R4 so there is still some potential from the current levels and given the current strength could indicate that even that resistance could be broken for a longer timeframe trade.
Stadio Holdings JSE:SDO
Despite the share being 79% off it's Nov-2017 high, the 14-week RSI @ it's highest level since since Jan-2018. Overhead supply of 175c is being cleared while the MACD has crossed above the zero bound for the 1st time since listing. At current levels, the technical structure is positive and leans towards a change in medium term trend from neutral to positive.
SDOStadio, the higher education group which was unbundled Curro, last reported results on 26/08 for the period ended 30 June 2020, where it announced a +15% increase in Revenue to R468m, Core Headline Earnings of R56.8m, an increase of 22%, Core Headline Earnings Per Share of 6.9 cents per share, an increase of 21% whilst EBITDA was lower by 55% to 45.9. The group also stated that student numbers were higher by 10% to 31053. Technically, the price action and technical structure for the higher education group points to potential for a long term bullish reversal follow a sustained downward trend on a multi-year basis. In November 2017 we saw the share price peak at 919c which was followed by a long term selling pressure starting to build in the subsequent months. With the share having more than double off the late-March 2020 lows (however continuing to trade at early March levels), the technical indicators point to strength: (1) MACD crossing above zero for the first time since listing, (2) 14-period RSI at the highest level since listing. In addition, we also note the price closing above the 50-week exponential moving average for the first time since listing.
SDO showing signs of life?Recently retracted from its lower Bollinger band range.
Testing its 21-day simple moving average. A break will be the first bullish signal in the last 34 days.
Recent MACD bullish crossover supports a change in trend direction. First such a signal in the last 14 days.
Upward momentum starting to support the bullish trend direction.
Heikin-Ashi bullish trend change for the weekly chart - supporting a bullish bias.
The idea remains against the overall bearish trend direction - adjust risk accordingly.
Time to exit: +/- 30 August 2019