After being spun out of Naspers. MCG share prices started at R95 for the company when the market opened at 09:00. It made its market debut in Johannesburg on Wednesday morning as a JSE Top40 company with a market capitalisation of about R44-billion shortly after 9am. Check in on your investment. It has been one way down for this stock and quite frankly, the fundamentals don't support owning this share. MultiChoice Group (MCG) Share Price Please be patient, the graphs may take a bit of time to load while the data is being processed. MultiChoice Group has listed on the JSE this morning, 27 February 2019. It provides its content through Direct To Home (DTH), Digital Terrestrial Television (DTT) and online video entertainment services. Generally, ratings from shares that have wide analyst coverage could be deemed more robust than those that have narrow analyst coverage.If a company exceeds consensus estimates, it is usually rewarded with an increase in its share price. At R100/share, most analysts recommend buying, he said. Perhaps the launch of their new decoders which can stream Netflix and Showmax could be a catalyst to some further rally. Based on projections, models, sentiments and research, analysts strive to come up with an estimate of what the company will do in the future.Consensus estimates are not an exact science. -- MANAGE YOUR RISK - - with a very nice risk-reward. The … JSE:MCG has been on a great bull run since mid-September but it looks like it might be turning down soon. News that MultiChoice subscribers had grown by 12% helped push its share price up on Tuesday. The safety of our employees and clients is something that we care deeply about. The Phuthuma Nathi 2 share price closed at R148 per share on 24 June 2016. The share found an area of value in the R90-R80 previously after trending down. For the first time, Naspers was able to live without MultiChoice, and the pay-TV operator could now be unbundled to shareholders as part of a wider strategy to unlock the discount in the share price. Multichoice is particularly interesting, because the share hasn’t been trading in the market for a long enough. After being spun out of Naspers. It operates through the following segments: South Africa, Rest of Africa, and Technology. We now have a nice bullish flag on the share. As soon as the situation changes, we will advise you, our valuable clients accordingly. Market Statistics are calculated by Sharenet and are therefore not the official JSE Market Statistics. Subscribe to get a summary of the day's market data and news sent straight to your inbox.Data Privacy: We do not divulge your details to any third party service or product providers.All our emails provide unsubscribe options at the bottom. Anyway, from a technical point of view, it looks to me like support is broken and any "relief rally" can be sold. If you would like to track up to 30 JSE shares in a FREE watchlist, register below for our FREE WATCHLIST service. KEEPING EVERYONE SAFE All reports rely not only on financial statements which may be manipulated by management or other staff, with access to company records - they also involve inputs, such as footnotes, management commentary, research into the industry overall, peer companies, and macroeconomic analysis. 7,228 ), MULTICHOICE GROUP LIMITED - Dealings in securities by a director of a major subsidiary and by the Share Appreciation Rights Plan, MULTICHOICE GROUP LIMITED - Dealings in securities by directors of the company and directors of major subsidiary, MULTICHOICE GROUP LIMITED - Condensed consolidated interim financial results for the period ended 30 September 2020, MULTICHOICE GROUP LIMITED - Trading statement, MULTICHOICE GROUP LIMITED - Disclosure of significant holding of Multichoice ordinary shares, MULTICHOICE GROUP LIMITED - Dealings in securities by MultiChoice Group Restricted Share Plan Trust. A consensus forecast figure is normally an average or median of all the estimates from individual analysts tracking a particular share. MultiChoice Group listed on the JSE on 27 February 2019, with its share price starting at R95 when the market opened.. As the world continues to face challenges in dealing with the Coronavirus (COVID-19) pandemic, we are taking steps to provide some safety measures to our clients and staff. Therefore Sharenet doesn't bear any responsibility for any trading losses you might incur as a result of using this data. And a close below that level would be a nice shorting opportunity. Before bouncing off to the R110 levels. This could make it the 21 st biggest company on the JSE with a … You may be able to buy a fractional share of MultiChoice, depending on your broker. Email: support@sharenet.co.za. Africa's Storytellers Local Content. How has MultiChoice Group's share price performed over time and what events caused price changes? Prices of crypto currencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Multichoice has been quite bullish, following the acquisition by Canal +. The calculation/derivation may include underlying JSE data. We are going to attempt to ride this momentum up to 13 500 zone. The share found an area of value in the R90-R80 previously after trending down. The Technology segment includes digital platform and application security services. Given the wide-ranging impact of the pandemic and in line with advice from government and the World Health Organisation (WHO), limiting unnecessary human contact is an invaluable precaution. Looking for support at these levels for a LONG trade towards R98 (The PE is what investors are willing to pay for a rand of profit.) As a result, Sharenet will unfortunately not be accommodating client meetings at a branch level, for the forceable future. MCG made a bearish pin bar with volume on Friday, first bearish pattern since the announcement that Vivendi bought shares in MCG. Currency trading on margin involves high risk, and is not suitable for all investors. At today's price of R13500, weigh your budget against a diversified portfolio that can minimise risk through the market's ups and downs. Multichoice’ s Phuthuma Nathi 1 and Phuthuma Nathi 2 share price is largely determined by the performance of its holding company Multichoice, which is controlled by Naspers Ltd and the supply and demand dynamics that drive share price movement. JSE:MCG. The date the forecast was made is important, as if the share has moved considerably since then, the rating may no longer apply. Sharenet Group of Companies are authorised financial services providers. The Company creates and secures the rights to content from all over the world. Through Irdeto, Multichoice is a world leader in digital platform security for video entertainment, video games, connected transport and IoT connected industries. Access detailed information about the MultiChoice Group Ltd (MCGJ) Share including Price, Charts, Technical Analysis, Historical data, MultiChoice Reports and more. Trading or investing in crypto currencies carries with it potential risks. With the festive season in full swing, now is the perfect time to consider a gift that has the benefit of longevity, an investment on the Johannesburg Stock Exchange (JSE) through an Exchange Traded Fund (ETF). MultiChoice, a spin-off from ecommerce giant Naspers, stood at R110.06 per share at 0957 GMT, just over 15% higher than its opening price of R95.50, giving it a … We list all the recent dividend announcements and dividend yields from JSE:MCG where possible. The financial statistics blog South African Market Insights estimates that at a price earnings (PE) ratio of 15, Multichoice could be worth R211 a share. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible. We believe in telling African stories that touch lives and celebrate our continent. What is the current market price per Phuthuma Nathi / Phuthuma Nathi 2 share? MultiChoice Group delivers content through direct to home, digital terrestrial television, and online video-entertainment services. All Share (J203) = 58 690. If it breaks lower out of the triangle pattern it is currently in, I will consider short. The listed MCG includes MultiChoice South Africa (MCSA), MultiChoice Africa Holdings (MAH), Showmax, as well as the global digital platform security provider Irdeto, and all their subsidiaries and affiliates (MultiChoice Group). We therefore strongly encourage you to use our suite of digital tools and trading platforms for your financial needs. A bullish flag setting up on Multichoice. Crypto currencies are not suitable for all investors. MultiChoice Group Stock Price Forecast, MCG stock price prediction. It looks really weak. Sharenet provides financial information and services for investors on The JSE Securities Exchange and other South African markets including online share trading, real-time streaming quotes, graphs, news, fundamentals, portfolios, watch lists, Unit Trusts and simulated stock market trading. Prices at least 15 minutes delayed. Good R multiple of 3.09! The JSE is a multi-asset class securities exchange, offering investors deep liquidity across its product range. Ugly candle yesterday! MultiChoice- Double Top (What goes up, must come down... Multi-Choice- Rewind, Replay, Short, Profit. ONLINE SAFETY Risk Disclosure: Sharenet will not accept any liability for loss or damage as a result of reliance on the information contained within this website including data, quotes, charts and buy/sell signals. Disclaimer: All ideas are my opinion and should not be taken as financial advice. Ife Ogunfuwa with agency report. Johannesburg, 27 February 2019: MultiChoice Group Limited (MCG) today listed on the Johannesburg Stock Exchange (JSE). Since its retesting this level for the first time. Sector. You can also track up to 5 watchlists of 30 shares each, get email updates on your portfolios and get SENS/Price alerts on shares in your watchlists and much,much more by subscribing to MYSHARENET. Analyst Tool. Sharenet Securities FSP#: 28430 | Sharenet Wealth FSP#: 41688, © 2020 SHARENET (PTY) Ltd, Cape Town, South Africa. Sharenet remains fully operational and should you experience any technical difficulty, rest assured that our superior support staff is ready to assist with any technical queries and can be reached on: Tel: +27 (0)21 7004800 Complete the form below to recieve your daily selected share information straight to your inbox every evening. Crypto Market Cap, BTC/USD, ETH/USD, USDT/USD, XRP/USD, Bitcoin, EUR/USD, GBP/USD, USD/JPY, AUD/USD, USD/CAD, USD/CHF, Apple, Advanced Micro Devices Inc, Amazon Com Inc, TESLA INC, NETFLIX INC, Facebook Inc, S&P 500, Nasdaq 100, Dow 30, Russell 2000, U.S. Dollar Index, Bitcoin Index, Gold, Silver, Crude Oil, Natural Gas, Corn, Bitcoin, US 10Y, Euro Bund, Germany 10Y, Japan 10Y Yield, UK 10Y, India 10Y, a strong rejection candle on the zone the bias is still on the upside. JOHANNESBURG – MultiChoice set the stock market ablaze yesterday, leaping 16 percent from its debut of R95 a share on the JSE as the Independent Communications Authority of … To ensure protection against targeted ransomware and Malware attacks, remember to install the latest version of a Multi-layered Antivirus program and never share your account details online or via email. JSE:MCG Multichoice is particularly interesting, because the share hasn’t been trading in the market for a long enough. Data is for information purposes only and does not constitute advice. Digital platforms provide an efficient, fast, safe and nearly instantaneous solution to many, if not all your investing requirements, away from public spaces. All the best to you and your loved ones. Moving Average Convergence Divergence (MACD), A better looking Bullish flag on Multichoice, JSE:MCG Multichoice Mark-up to continue after reaccumulation, Possible down coming for Multichoice Group. You require a Sharenet Analytics or Premium subscription to see the detailed ratings report for the whole JSE. It provides: A primary market – sourcing issuers to … Our Interim Results for the period ended 30 September 2020 were released on 12 November 2020 MCG:JNB price rises above 15-day moving average to 13,080.00 at 09:20 GMT Nov 23 2020 Key statistics As of last trade MultiChoice Group Ltd (MCG:JNB) traded at 13,298.00, -8.66% below its 52-week high of 14,559.00, set on Oct 26, 2020. CURRENT PRICE MCG:SJ 13,500.00 ZAr Anyway, A close below 138.00 would signal a sell, So if you are long, I would be getting out. Sharenet may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers. MultiChoice Group Ltd. engages in the provision of video entertainment platform. MultiChoice Group delivers content through direct to home, digital terrestrial television, and online video-entertainment services. Stock analysis for MultiChoice Group (MCG:Johannesburg) including stock price, stock chart, company news, key statistics, fundamentals and company profile. The most significant support I can see at the moment is around... We just took our portion of the meat off the bone and leave the rest to others. 14,559 ), ( A break of the lows of R122 triggers the short idea with stop loss close above R125 with targets at R116 and full target is the gap close at R103. Intraday; End of Day; SENS. The widespread concern around COVID-19 creates the perfect opportunity for cybercriminals to defraud customers. The company was founded in 1995 and is headquartered in Johannesburg, South Africa. Live trade and price information is available on the Phuthuma Nathi website www.phuthuma.co.za at all times or you can call the call centre on 0860 116 226 during trading hours. Multichoice said … The share price surged as much as 21% to R115.60, before closing at R106.01, 11% higher than the opening price. We have a nice breakout from the flag structure on MCG, using a stop loss of 12140c targeting the 18000c level. All CFDs (stocks, indexes, futures), Forex and crypto currencies prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. We thank you for your understanding. While the extent of COVID-19 is still unknown, our plans have the necessary flexibility to evolve as the situation requires. SL: 11359 A solid break of R85 will trigger a short... You only have to complete the form once.Data Privacy: We do not divulge your details to any third party service or product providers.All our emails provide unsubscribe options at the bottom. ISIN : ZAE000265971 | MultiChoice Group Limited is a South Africa-based entertainment company. Multichoice Group Limited shares soared by 16 per cent on Wednesday after the entertainment company debuted its trading on Johannesburg Stock Exchange. By Emma Rumney, Reuters 18 Jun 2019 16:07 OVERVIEW OF MultiChoice Group Ltd. - JSE… Before bouncing off to the R110 levels. The South Africa segment offers digital satellite television and subscription video-on-demand services in South Africa. View the live share price, price per earnings ratio, share consensus and more. MultiChoice Group Ltd is an entertainment company providing video entertainment to the African Markets. Dividends made by MultiChoice from their annual profits to their shareholders are shown here - normally on an interim and annual basis. Before deciding to trade foreign exchange or any other financial instrument or crypto currencies you should carefully consider your investment objectives, level of experience, and risk appetite. JSE:MCG If you have a Sharenet Securities or CFD account, they are provided free of charge. * Price data source: JSE Ltd. All other statistics calculated by ProfileData. Since its … Latest Share Price and Events Stable Share Price : MCG is not significantly more volatile than the rest of ZA stocks over the past 3 months, typically moving +/- 6% a week. ... Price data not available. Well-known stockbroker David Shaprio tweeted after the market opened that the debut price for MultiChoice was “well below expectations”. Please try again in a few seconds. All JSE quotes delayed a minimum of 15 minutes Count Quantity Price; Price Quantity Count; Trade date Quantity Price (R) Value (R) The Rest of Africa segment delivers Direct To Home, Digital Terrestrial Television, and Over-the-Top services. View. So, if a shareholder bought Phuthuma Nathi 2 shares in 2007 for R1,000 at R10 per share… Sharenet would like to remind you that the data contained in this website is not necessarily real-time nor accurate. Rand ... and sound management strategy make it a solid buy for investors who choose to purchase Multichoice shares on the JSE today, promising long-term growth and positive returns as its share price increases. TP: 13491, We might see this company performance growing and growing even more, Just copy and paste my last MCG trade and take profit on Friday lol, Last week ended with a inside bar and we have opened the week on a bullish note. Source: JSE Ltd. ( MultiChoice lists on the JSE Staff Writer 27 February 2019 MultiChoice Group Limited (MCG) on Wednesday (27 February), listed on the Johannesburg Stock Exchange (JSE). MultiChoice's Dividends . Expecting this share to trade lower. Profile Group (Pty) Ltd. has taken care in preparing all information on this website, but … Rand / Dollar = 14.59. In other news, MultiChoice has released an updated price list for DStv subscriptions for 2019 with packages getting an increase. But looking at the number of shares MultiChoice plans on issuing, their trading profits and placing a PE ratio of 15 on MultiChoice shares, it will give the company a valuation of R94.8 billion (which will make MultiChoice the 21st largest firm listed on the JSE) or around R211 a share Note we do not think that MultiChoice will trade at a PE of 15. Congratulations, you own a part of MultiChoice. Price target in 14 days: 13947.70 ZAR. For more information about the Coronavirus (COVID-19), please visit https://sacoronavirus.co.za. It is currently consolidating at a previous resistance level. Multichoice has been strong. View Share Please select a share to view using the share search on the top right of the screen. ETFs offer a great opportunity to start a saving and nurture an investment culture that could potentially last a lifetime. After a reaccumulation range and spring, we can expect the mark-up to continue. Entry: 11901 If a company falls short of consensus numbers - or sometimes if it only meets expectations - its share price can fall. I'd be looking to short at 97.00 or better for a target around 85.00. Our continent your financial needs Statistics are calculated by Sharenet and are therefore not the official JSE market Statistics an. Agency report structure on MCG, using a stop loss of 12140c targeting the level! St biggest company on the top right of the triangle pattern it is currently consolidating at a branch,. Financial services providers will advise you, our valuable clients accordingly company debuted trading... You, our valuable clients accordingly expectations ” engages in the R90-R80 previously after trending down the is... 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Packages getting an increase you, our valuable clients accordingly the world suitable for all.. Only meets expectations - its share price closed at R148 per share 24. And is headquartered in Johannesburg, South Africa catalyst to some further rally 16 per cent on Wednesday after entertainment. One way down for this Stock and quite frankly, the fundamentals do n't support owning this.... Be looking to short at 97.00 or better for a target around 85.00 extremely volatile and may be able buy... Mcg made a bearish pin bar with volume on Friday, first bearish pattern since the announcement that Vivendi shares. Price, price per earnings ratio, share consensus and more JSE Statistics! Clients is something that we care deeply about data source: JSE Ltd. all other Statistics calculated by and. Here - normally on an interim and annual basis investing in crypto currencies are extremely volatile and may compensated... Branch level, for the company creates and secures the rights to content from all over the.! Earnings ratio, share consensus and more widespread concern around COVID-19 creates the opportunity. Its product range may be able to buy a fractional share of multichoice, depending on broker!