The Bidvest Group (BVT ZA)

SUMMARY | Position: LONG | Upside target: 292.00 | Reward / risk ratio: – | Recommended stop-loss: R245.00 | RECOMMENDATION: BUY

The Bidvest Group is a service, trading and distribution company operating mainly in South Africa. The company specialises in services, private sector freight management, commercial products, and automotive retail, among others.

Bidvest is a well-run business with a committed and highly regarded management team. The company is diversified across both cyclical and non-cyclical segments and boasts a strong balance sheet position.

Technically, a price that is in an inclining channel pattern makes for an attractive investment opportunity (see the black parallel trendlines on the main chart). The pattern shows …