Super Group had a very impressive run after result was announced on 23rd 2016. It has managed to spring up very fast from the low of 73.5 cents to the high of 94.5 cents on 1st Mar 2016. All these is happing within a span of 5 trading days. It will definitely need to pause/retreat lower before gaining strength to set the next direction. If not, most likely it will not be able to move up too much from the current price of 94.5 cents. The immediate resistance is at 96 cents.
It will be good to lock in your profit.
Super Group - 24th Feb 2016
Super Group just announced his FY2015 result yesterday.
The result is quite inline with almost the same profit achieved last year - 2014.
Performance Summary for 4Q15 Robust income-generating capability
Operating profit up 3% to S$21.2m despite lower sales revenue - Gross profit margin improved by 4 ppt to 39% - Reflects Group’s strong income-generating capability.
Net profit (after tax and minority interests) stood at S$15.7m (4Q14:S$25.9m)
- Non-recurring gain of S$6.5m on disposal of a property in 4Q14
- Non-recurring gain of S$0.5m on liquidation of a joint-venture in 4Q14
- Higher effective tax rate (4Q15:25%, 4Q14:10%)
Strong financial position - NAV per share at 46.80 SG cents – an increase of 5% - Cash flows from operating activities up 35% to S$34.4m - Cash and cash equivalents of S$123.9m
Consistent dividend payout ratio - Paying out ≥50% of net profit as dividends on an annual basis since 2010
The result was a strong mandate judging from the up surge of price from 73.5 cents to close at 79.5 cents . Up 6 cents (8.16%). This is being viewed as a fantastic performance.
Also both MACD & RSI are still trending upwards which may provide further indication that the share price may continue to head higher.
Short term wise it may continue to head higher to re-visit 87 cents with extension to 95 cents.
(trade base on your own decision)
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