Remgro upside still on the box of cards - R191.31

2023年8月11日

Box formation formed on Remgro.
Now this is an update to show the upside that's on the way, and what is to come.

As a short term trader one can set the target at R169.00.
As a medium term trader one can set the target to R191.00.

All depends on the R:R placement method and term to hold.
Either way, this thing is heading up.
MAs - 7>21>200
RSI>50
Target R191.31

ABOUT THE COMPANY

Remgro Limited is an investment holding company based in South Africa. Remgro is a prominent investment holding company based in Stellenbosch, South Africa.

Establishment:
Remgro was incorporated in 1948 in South Africa as a tobacco manufacturer. originally part of the wider Rembrandt Group founded by Dr. Anton Rupert.

Name Origin:
The name "Remgro" is derived from "Rembrandt Group", the original tobacco company from which Remgro split in the 1980s.

Investment Focus:
The company focuses on a broad spectrum of industries, including banking, healthcare, insurance, industrial, infrastructure, media, sport and recreation, technology, and consumer sectors.

Headquarters:
Remgro's headquarters are located in Stellenbosch, South Africa.

Major Investments:
Remgro holds major stakes in numerous well-known South African companies such as RMB Holdings, FirstRand, MediClinic, and Distell.

Mediclinic Corporation:
In the healthcare sector, Remgro holds a significant stake in Mediclinic Corporation, an international private hospital group.

Sports Investment:
Remgro owns a controlling interest in the Stellenbosch Rugby Academy.


HOW IT GOT ITS NAME
Remgro, short for Rembrandt Group Limited, gets its name from the larger conglomerate it was part of, the Rembrandt Group, which was founded by Dr. Anton Rupert in the 1940s.

The name "Rembrandt" was likely chosen as a nod to the famous Dutch painter, Rembrandt Harmenszoon van Rijn, reflecting the Dutch heritage of the Rupert family. When the Rembrandt Group restructured in the 1980s and 2000s, the investment arm became known as Remgro.