JSE:LTE   LIGHTHOUSE PROPERTIES PLC
Lighthouse Capital (LTE, 636c) | technically, the setup is improving with the price having this past week cleared it's downward trend since it's most recent peak on 08 June 2020 at a price of R11.20. The technical indicators are also supportive of a trend reversal with the MACD looking to cross back above zero, with the 7-14 RSI's are at the highest levels since June. For the period ended 30 Sept, management indicated that the groups was in a strong financial positin following the capital raise of €278m during the year. The group’s gearing at September 2020 was 21,4% which remains below the board’s limit of 45%. Trader looking to get long could use a stop of 595c, with targets of 675c and 715c.
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