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SIBANYE STILLWATER LTDSIBANYE STILLWATER LTDSIBANYE STILLWATER LTD

SIBANYE STILLWATER LTD

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SSW trade ideas

SSWFundamentals Sibanye is highly correlated to the USD, we expect a reversal in the USD to come soon, but the current trend is to the upside and could impact commodities more, So we expect more downside on ZAR, NZD, AUD, CAD. US Holidays are over, and we should see some profit taking and big funds to starts positioning their portfolios for the new seasonality coming up. With rates moving higher in in the USD and some potential risks with Covid looming in emerging markets that would push gold higher, however Platinum is SSW biggest holding on resources. A 40% increase in 4E Platinum group metals (PGM) Mineral Reserves at the SA PGM operations to 39.5M 4Eoz, primarily due to the inclusion of the Marikana K4 project (12.7 M 4Eoz) and the Klipfontein opencast project (0.1M 4Eoz) following detailed feasibility studies. Platinum Platinum futures traded below $1,000 per troy ounce, hovering at levels not seen since last November, amid a downbeat demand outlook, following output cut announcements by major players in the auto industry amid a global semiconductor shortage. Volkswagen stated its plant in Wolfsburg, the world’s largest, planned to restart production with only one shift, while its subsidiary Audi decided to extend the summer break by one week. Earlier, Toyota had already announced the suspension of operations at 14 of its Japanese factories in September. The metal used in catalytic converters had been already under pressure, due to a spike in COVID-19 cases across the globe and as US Fed officials talked of removing stimulus as soon as this year. Platinum is expected to trade at 1030.27 USD/t oz. by the end of this quarter, according to Trading Economics global macro models and analysts’ expectations. Looking forward, we estimate it to trade at 1197.07 in 12 months’ time. Mining Production in South Africa is expected to be -3.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts’ expectations. Looking forward, we estimate Mining Production in South Africa to stand at 2.50 in 12 months’ time. In the long-term, the South Africa Mining Production is projected to trend around 2.00 percent in 2022 and 3.00 percent in 2023, according to our econometric models. Exports in South Africa is expected to be 155000.00 ZAR Million by the end of this quarter, according to Trading Economics global macro models and analysts’ expectations. In the long-term, the South Africa Exports is projected to trend around 140000.00 ZAR Million in 2022 and 130000.00 ZAR Million in 2023, according to our econometric models. Technicals the Stock price made a strong bullish impulse on the monthly from 1500, and profit taking occurred at 7650, on the monthly time frame we are now in a Bullish correction and should expect buyers to come back in between 3820-5200 Market Condition on the weekly is bearish on the MACD, So wont be putting looking for buys as yet LONG TERM when Global economy and Supply bottle necks stops and Automotive vehicle production is at full tilt this could be a great buy as they expect demand to increase, at the moment it’s a HOLD/BUY
JSE:SSW
by MiWealth
1
SSW pass the resistance level Rhodium up and Share buyback announced SIBANYE-Stillwater has unveiled a share buy-back programme equal to 5% of its issued share capital and worth a total of just under R10bn at the current price of the company – up 12% since May 26. Neal Froneman, CEO of Sibanye-Stillwater, said the capital return programme would not replace the company’s dividend policy which is to pay 25% to 35% of normalised earnings. It said in February it would pay a R10.7bn final dividend after recommencing the payout at the interim stage in August. A total of 147.7 million shares would be bought between Wednesday (June 2) and April 6 in 2022, it said. “The approval of the buyback programme underpins our commitment to creating value for all stakeholders through disciplined adherence to our capital allocation framework and reflects the robust financial position and positive fundamental outlook for the group,” said Froneman in a statement. Shareholders in the gold and platinum group metal (PGM) producer approved a special resolution to buy-back 20% of the company’s shares at its annual general meeting last week although a pocket of investors were against the proposal. There is a debate among investors regarding the value of share buy-backs with one school of thought believing that shares are only bought back at, or near, the top of the market which is why companies have excess cash to deploy. In May, Froneman, promised “future windfalls” as a result of record PGM prices after the firm’s mines generated R15.3bn in first quarter earnings before interest, tax, depreciation and amortisation. The buy-back programme is bound to raise the bar on capital returns among Sibanye-Stillwater’s peer group, including Impala Platinum, Anglo American Platinum (Amplats) and Northam Platinum which are all benefiting from sky-high PGM basket pricing.
JSE:SSWLong
by Mashithembe
1
Sibanye Stillwater Sibanye is fighting to stay above the support line at R62, and as long as it is successful Sibanye will stay in its uptrend and continue to push higher. However, If Sibanye doesn't hold R62 then it could test R58 and then potentially R55. For now, Shorting it now could get you burnt, and on the other hand, going long could also get you burnt- so its a catch 22. But for the risk takers there is opportunity to take advantage of indecisiveness. I'll be going long at this current price of R63.80. There is downside risk of 15% if it falls to R55, however there is also an upside reward over 20%, especially if it continues to climb higher and breaks out from a potential ascending triangle. I have a stop loss at R54. My Price target to take profits is at R76 Sidenote: We can see that Sibanye broke out of an ascending Triangle earlier and could do the same as long as it holds support at R62 and doesn't closer at a lower low. I trade Sibanye, but I also have long term holdings. Long term I remain bullish on Sibanye, and if it falls to R55 I will pick up some more shares for the long term.
JSE:SSWLong
by TalkingCents
2
Sibanye Stillwater Sibanye Stillwater has had massive gains over the past year, it is now cooling off a bit, IMO. It needs to hold R64 otherwise it will open itself up to testing the next support line at the R55 area. It needs to break and close above R73 to ensure it doesn't print a lower high. However, It looks to be forming a bull flag - Which is indicating that this cool off period will precede the next bull run up. My price target is R55 if it doesn't hold R64 - at this point I will back up the truck and load a massive LONG position. Disclaimer: I own Sibanye Stillwater shares.
JSE:SSW
by TalkingCents
3
Sibanye Stillwater LtdSSW has a very strong uptrend support line producing very predictable fluctuations and rebounds. Over the last year Sibanye has time and time again rebounded on the uptrend support and we wouldn't want to bet against the market and rather go with the flow. With that being said, SSW is currently at a dip and heading towards the uptrend support and quite close to contact and thus making this a good time to enter. If we are going by count this pattern of movement has occurred more than nine times on the same line. Long term still looking Positive.
JSE:SSWLong
by AfroTez
1