Labat Africa Ltd (LABJ)

13 +1 (+8.33%)
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100
  • Morne Rose @Morne Rose
    Great!! Labat above the 200 day moving average! Also bouncing off support on fib level 0.618. Soon some upward movement :)
    Like 1
  • Ty Au @Ty Au
    ?
    Like 0
  • How do you feel today about Labat Africa Ltd?
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  • Morne Rose @Morne Rose
    Was only listed two days back! Give time for investors to come on board. We not trading, but investing.
    Like 2
  • Mike Shield @Mike Shield
    Hopefully tomorrow it will get going again
    Like 1
  • Rekash Priaram @Rekash Priaram
    😥
    Like 0
  • Rob Welman @Rob Welman
    it went twice as high on news half as good , the last time it ran.....I think market is waiting to see the net profit increase and the dangling of the dividend carrot
    Like 2
  • Ty Au @Ty Au
    Well that was short lived :(
    Like 1
  • Ty Au @Ty Au
    “Green light” ;)
    Like 0
  • Mohamed Patel @Mohamed Patel
    Will it still go higher?
    Like 0
    • Ty Au @Ty Au
      I’d also love to know what to expect!
      Like 0
    • Jonwes Govender @Jonwes Govender
      Probably a lil profit taking then we will see this share reach its true potential. Must be a reason why Germany and USA investors showing interest in them?
      Like 2
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  • Langebaan Langebaan @Langebaan Langebaan
    Hoping this upward movement continues....
    Like 2
  • Rob Welman @Rob Welman
    stanby..... ignition....get ready for liftoff
    Like 4
  • Vishan Maharaj @Vishan Maharaj
    labat to duel list on the FSE(Germany)...
    Like 3
  • Morne Rose @Morne Rose
    Great! Fundamentals supporting the Technicals! :)
    Like 7
  • Rob Welman @Rob Welman
    strategic partnership.... awesome....
    Like 2
  • Vishan Maharaj @Vishan Maharaj
    R300mil capital investment just announced.....up we go...hopefully 🤞
    Like 3
  • Ty Au @Ty Au
    Waiting…. Grrr
    Like 1
    • Rob Welman @Rob Welman
      when are next results due?
      Like 0
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  • Morne Rose @Morne Rose
    According to fibonacci levels, price is reacting to support zone by 768 on weekly time frame. Soon we will maybe see some upward movement :)
    Like 1
  • Ty Au @Ty Au
    Useless stock. Ready to sell and get out of this one. Just need any bit of gain to do so.
    Like 0
  • George Language @George Language
    Cilo Cybin first company to register on JSE today mentioned in news 24. I though LABAT was first???
    Like 0
    • Morne Rose @Morne Rose
      So because of their other businesses, they are not seen solely as a cannabis company.
      Like 0
    • George Language @George Language
      @Morne Rose It makes sense - no pun intended 😜
      Like 0
    • Morne Rose @Morne Rose
      I think with this new company on board it will only work in favor for Labat. They will compliment each other nicely (labat on the retail and research side and cilo cybin on the pharmaceutical side) and maybe all this will lead to legalisation of cannibis in SA or at least easing of restrictions.
      Like 2
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  • Rob Welman @Rob Welman
    interesting sens yesterday
    Like 0
  • James Anderson @James Anderson
    Any1 have price predictions for end of the year
    Like 0
    • Rob Welman @Rob Welman
      all depends on good news....she can run to 70 cents as per the last good news released.....but market dictates, as ong as there are low sellers, the price will stay low
      Like 1
    • Ty Au @Ty Au
      I’d like at least 40 or upwards. Hopefully some good harvest coming up and a big ocerseas contract or somerhing. That would be nice.
      Like 1
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  • Ty Au @Ty Au
    Uplift incoming? Recent news: 46 080 554 new shares issued for cash. The shares were issued at prices ranging from 31.2 cents. to 50 cents per share, being an average of 34.65 cents per shares
    Like 0
  • Morne Rose @Morne Rose
    Beautiful inverse head and shoulders pattern forming on the weekly time frame. If it plays out, can take the price to 70c and maybe even go higher from there. Let's wait for the process of selling loss making fuel businesses to be completed.
    Like 2
  • Ty Au @Ty Au
    The Department of Agriculture, Land Reform and Rural Development estimates that the cannabis industry is worth an estimated R28 billion in South Africa, and could create anywhere between 10,000 – 25,000 jobs across the sector.
    Like 1
    • Rob Welman @Rob Welman
      this had been known for years, j
      Like 0
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  • Ty Au @Ty Au
    Buy
    Like 2

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