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MOTUS HOLDINGS LTDMOTUS HOLDINGS LTDMOTUS HOLDINGS LTD

MOTUS HOLDINGS LTD

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MTH trade ideas

Our opinion on the current state of MOTUS(MTH)Motus (MTH) was unbundled from Imperial (IPL) and separately listed on the JSE on 22nd November 2018. It is a company that owns motor dealerships in South Africa, the UK, and Australia. The company operates through four divisions: import and distribution, retail and rental, motor-related financial services, and aftermarket parts. It imports and sells more than 80,000 vehicles per annum and runs 356 dealerships and 134 rental outlets for Tempest and Europcar. In addition, Motus offers vehicle finance and fleet management services in South Africa, catering to 730,000 clients. The company also retails parts and accessories for older vehicles through 720 franchised outlets. With a 20% share of the South African retail vehicle market, Motus sells approximately 100,000 vehicles per year. It is the importer of brands such as Hyundai, Kia, Mitsubishi, and Renault. The CEO, Osman Arbee, has indicated that the company plans to pay generous dividends, leveraging its strong cash flows. The company generates 65% of its turnover in South Africa and 93% of its operating profit from this region. On 1st October 2021, Motus announced the acquisition of FAI Automotive in the UK for R550 million. In its results for the year ending 30th June 2024, the company reported a 7% increase in revenue, although headline earnings per share (HEPS) fell by 28%. The company noted, "The automotive industry is impacted by various factors, including higher-than-normal vehicle and parts price inflation, volatility in the SA Rand against major currencies, high interest rates, and high cost-of-living in all geographies we operate in. These challenges contributed to a strain on consumer disposable income." Technically, the share price fell from a high above R130 in September 2022 to levels around R80 in April 2024. It has since recovered to R117. With a P:E ratio of 7.91, the share is reasonably priced in our estimation. Motus is a well-established blue-chip company that is somewhat dependent on the state of the economy and consumer spending levels. We believe it will prove to be a good investment, particularly as the economy improves, especially with the anticipated end of load-shedding and the advent of the new government of national unity (GNU).
JSE:MTH
by PDSnetSA
Our opinion on the current state of MOTUS(MTH)Motus (MTH) was unbundled from Imperial (IPL) and separately listed on the JSE on 22nd November 2018. It is a company that owns motor dealerships in South Africa, the UK, and Australia. The company has four divisions: import and distribution, retail and rental, motor-related and financial services, and aftermarket parts. It imports and sells more than 80,000 vehicles per annum and runs 356 dealerships and 134 rental outlets for Tempest and Europcar. It offers vehicle finance and fleet management in South Africa with 730,000 clients and retails parts and accessories for older vehicles through 720 franchised outlets. Altogether, it has a 20% share of the South African retail vehicle market, selling roughly 100,000 vehicles per annum. It is the importer of Hyundai, Kia, Mitsubishi, and Renault. The CEO, Osman Arbee, said that the company plans to pay generous dividends because of its strong cash flows. The company generates 65% of its turnover in South Africa and 93% of its operating profit. On 1st October 2021, the company announced that it had acquired FAI Automotive in the UK for R550m. In its results for the six months to 31st December 2023, the company reported revenue up 11% and headline earnings per share (HEPS) down 27%. The company said, "The South African operations contributed 55% to revenue and 66% to EBITDA for the period (2022: 65% and 77%, respectively), with the remainder being contributed by the UK, Australia, and Asia. The Group's passenger and commercial vehicle businesses, including the UK and Australia, retailed 64,076 new units (2022: 66,147), and 43,747 pre-owned units (2022: 43,422) during the period." In a trading statement for the year to 30th June 2024, the company estimated that HEPS would decrease by between 25% and 35%. The company said, "...consumers are experiencing considerable strain on their disposable income. The higher-than-normal vehicle and parts price inflation, exacerbated by the impact of the weak Rand, has negatively impacted affordability." Technically, the share has fallen from a high above R130 in September 2022 to current levels around R86. It is on a P:E of 4.78, which makes it reasonably priced in our estimation. We see this as a very well-established blue-chip share that is to some extent dependent on the state of the economy and the level of consumer spending. We think it will turn out to be a good investment, especially as the economy improves and provided the loadshedding problem can be contained.
JSE:MTH
by PDSnetSA
Our opinion on the current state of MTHMotus (MTH) was spun off from Imperial Holdings and made its debut on the Johannesburg Stock Exchange (JSE) on 22nd November 2018. As a standalone entity, Motus operates a comprehensive motor vehicle business, with its activities spanning across South Africa, the United Kingdom, and Australia. The company is organized into four main divisions: import and distribution, retail and rental, motor-related financial services, and aftermarket parts. It has an impressive portfolio, importing and selling over 80,000 vehicles annually, managing 356 dealerships, and operating 134 rental outlets under the Tempest and Europcar brands. Additionally, it provides vehicle finance and fleet management services to approximately 730,000 clients in South Africa and retails parts and accessories for older vehicles through 720 franchised outlets. With a 20% market share in the South African retail vehicle sector, Motus is a significant player, selling around 100,000 vehicles per year and serving as the importer for notable brands such as Hyundai, Kia, Mitsubishi, and Renault. The company's leadership, under CEO Osman Arbee, has committed to distributing generous dividends, supported by robust cash flow generation. Despite generating the majority of its turnover (65%) and operating profit (93%) from its South African operations, Motus has demonstrated its capability to expand and operate successfully internationally. This is evidenced by the acquisition of FAI Automotive in the UK for R550 million on 1st October 2021. For the six months ending on 31st December 2023, Motus reported an 11% increase in revenue, although headline earnings per share (HEPS) decreased by 27%. This period saw the South African operations contributing 55% to revenue and 66% to EBITDA, with the international operations making up the balance. The company's vehicle businesses across all regions retailed 64,076 new units and 43,747 pre-owned units during this timeframe. The share price experienced a significant dip from its initial listing price of R95 to around R34 in the aftermath of COVID-19. However, it subsequently emerged from this downturn, forming an "island" formation before entering a new upward trend. Currently trading at a price-to-earnings (P:E) ratio of 4.69, Motus presents itself as a reasonably priced investment. This positioning, alongside its status as a well-established blue-chip company, suggests its potential for good returns, especially with improvements in the economy and assuming challenges such as loadshedding can be effectively managed.
JSE:MTH
by PDSnetSA
Our opinion on the current state of MTHMotus (MTH) was unbundled from Imperial (IPL) and separately listed on the JSE on 22-11-2018. It is a company that owns motor dealerships in South Africa, the UK and Australia. The company has four divisions - import and distribution, retail and rental, motor-related and financial services and aftermarket parts. It imports and sells more than 80 000 vehicles per annum and runs 356 dealerships and 134 rental outlets for Tempest and Europcar. It offers vehicle finance and fleet management in South Africa with 730 000 clients. It retails parts and accessories for older vehicles through 720 franchised outlets. Altogether it has a 20% share of the South African retail vehicle market, selling roughly 100 000 vehicles per annum. It is the importer of Hyundai, Kia, Mitsubishi and Renault. The CEO, Osman Arbee, said that the company plans to pay generous dividends because of its strong cash flows. The company generates 65% of its turnover in South Africa and 93% of its operating profit. On 1st October 2021 the company announced that it had acquired FAI Automotive in the UK for R550m. In its results for the year to 30th June 2023 the company reported revenue up 16% and headline earnings per share (HEPS) up 1%. The company said, "New vehicle sales have been exceeding expectations even with ongoing increases in the total cost of ownership. New vehicles retailed increased by 10,4% for the 12 months to 30 June 2023, to ~541 000 vehicles. Motus achieved ~19,8% retail market share for the 12 month-period. Management’s forecast for vehicle sales for the 12 months to 31 December 2023 is between 520 000 to 540 000 vehicles." In an operational update on 18th January 2024 the company said, "We expect to deliver double-digit revenue growth and stable operating profit for the six months to 31 December 2023, compared to the period ended 31 December 2022." Technically, the share fell from its listing price of R95 to around R34 following COVID-19, at which level it formed an "island". It has broken up out of that island formation and entered a strong new upward trend. It is on a P:E of 5,23 - which makes it reasonably priced in our estimation. We see this as a very well-established blue-chip share that is to some extent dependent on the state of the economy and the level of consumer spending. We think it will turn out to be a good investment, especially as the economy improves and provided the loadshedding problem can be contained.
JSE:MTH
by PDSnetSA
Motus Triple Bottom wait for the break!Triple Bottom seems to be forming on Motus. The price has broken above the downtrend, showing the bulls are trying to get into control. Right now there is a consolidation period where we're seeing a higher bottom and the price will need to break above the neckline of the Triple Bottom. Another clear sign of consolidation is the fight between the MAs... Hence this is a waiting game. But once the price breaks above the neckline, the first target will be easily to R146.52.
JSE:MTHLong
by Timonrosso
2
Motus Holdings LTD maybe not worth "holding"?after JSE:MTH suffered a share price beat down in September 2022 from its highs of R136.00, it found support in January 2023 around R105.00 to R131.60 only for it to resume its melt down like an icecube in the sun from 7th February 2023 and broke the R105.00 support all the way down to R88.30. Price has now been in a rising wedge retesting the broken support. Last week the instrument had a not-so-convicing bullish close at R105.50, with the closure being just under the 50% Fib retracement level of the weekly candle's range and barely over the 50 Week EMA. Holders of this instrument need to take caution and prepare for an exit as there is now bearish oil threatening to loosen the grip on this "holding". current bearish sentiments hold true so long as the instrument trades below R112.00. A close below R98.40, could see the instrument take a dive to R88.30 and a further free-fall to the R43.50 ~ R48.00 levels over the medium to long term to retest the broken highs of October 2020.
JSE:MTHShort
by Source_Sailor
$JSEMTH - Motus Holdings: The Calm Before The Storm?The last coverage on Motus was on 07.04.2023, link below. The stock has consolidated in what looks to be a rising channel. It is still early days but the bulls have yet to show initiative by bidding the stock aggressively from the 8828 low. Rising channels are bearish continuation patterns. Price can consolidate for a longer period and continue to make new higher highs and lows. At this early stage of the consolidation I will sit on my hands.
JSE:MTH
by Loyiso_BlaqueSoros_Mpeta
Motus broke above a Triple Bottom and is heading to R130.00 Triple Bottom has formed on Motus after the last few months. And just recently, the price has broken above the neckline of the pattern, This is bullish for an investor as there is extensive upside to come, by the looks of things. 7>21 bullish Price<200MA RSI>50 Target 1 will be to R130.00. It's quite optimistic, but you saw how quickly the stock fell in a short period. It needs to go back up and rebalance. ABOUT THE COMPANY Motus Holdings Limited is a South African company that operates in the automotive sector, dealing in vehicle retail, vehicle services, parts and accessories, car rental, and financial services. Founding: Motus was established as a division of Imperial Holdings Limited in 1973. Public Listing: The company was separately listed on the Johannesburg Stock Exchange (JSE) in November 2018 after a demerger from Imperial Holdings. Global Presence: Motus operates in South Africa, the rest of Africa, the United Kingdom, Australia, and South East Asia. Business Segments: The company operates through four main segments: Import and Distribution, Retail and Rental, Motor-Related Financial Services, and Aftermarket Parts. Vehicle Brands: Motus represents a wide range of vehicle brands through its dealership network, including Hyundai, Kia, Renault, Mitsubishi, and many more. Vehicle Types: The company deals in both new and pre-owned passenger vehicles, commercial vehicles, and heavy equipment. Services: Motus also provides vehicle-related financial services and products, including vehicle finance, insurance, and warranty products. Parts and Accessories: Through its Aftermarket Parts segment, Motus sells a wide range of vehicle parts and accessories. Rental Services: Motus offers vehicle rental services through its car rental business, which operates under several brands including Europcar and Tempest. Employees: As of 2021, Motus employs approximately 16,300 people across its various operations.
JSE:MTHLong
by Timonrosso
$JSEMTH - Motus Holdings: How Big Can This Bear Get?On the 19th of November 2022 I cautioned that Motus' share price will not go up forever, link below. I highlighted that the stock was forming a terminal pattern in an ending diagonal and that a trend reversal was imminent. More often than not, the final wave in an ending diagonal makes a new high relative to the third wave and on some occasions even overshoots the upper trendline. In this case, the best wave count suggest that wave(v) is truncated, meaning it terminated below the peak of wave(iii). The strong sell-off from 13163 conforms that the upward impulse from 2300 is complete. Motus has retraced 35% from its all-time high of 13600 and 32% from the orthodox end of the impulse at 13163 so it's already in a bear market. The question now really is how big can the bear get. I am tentatively labeling that sell-off from 13163 to 8828 as wave(A) of a zig zag implying further downside in the medium-long-term. Any attempts to buy the correction for wave(B) should use a stop-loss below 8828.
JSE:MTH
by Loyiso_BlaqueSoros_Mpeta
MOTUS Reverse Cup and Handle target to R105.32Reverse Cup and Handle formed on Motus. It also formed a bit of a GAP which is not conducive for trading as we can expect the gap to close. 21>7>200 - Bearish RSI<50 Target R105.32 ABOUT Motus Holdings Limited (founded in 1948 as Imperial Holdings Limited and then changed the name to Motus Holdings in 2018) is a diversified automotive group based in South Africa, with operations in South Africa, the United Kingdom, and Australia. Motus Holdings operates in four primary segments: Automotive retail and rental, automotive parts and accessories, aftermarket parts, and financial services. The company is the largest vehicle retailer in South Africa, with a network of over 250 dealerships across the country. Motus Holdings also operates the largest car rental fleet in South Africa, with over 14,000 vehicles available for hire. Motus Holdings has a market capitalization of around ZAR 14 billion (as of February 2023).
JSE:MTHShort
by Timonrosso
$JSEMTH - Motus Holdings: Share Price Will Not Go Up Forever!One thing is constant about markets, whether indices or single stocks, and that is bull trends will be followed by bear trends or periods of consolidation. Motus has had a sterling bull run since bottoming in April 2020 at an all time low of R23,00 and recently hit an all time high of R136,00. Applying the Elliott Wave Principle reveals that this bull trend has matured and buying momentum is waning and a trend reversal is imminent. Based on this wave count, the share is in the (v)th wave of the 5th wave of a higher degree (1)st wave. Wave 5 in this case is tracing out an ending diagonal pattern (aka rising wedge) which is a terminal pattern. The MACD indicator clearly shows divergence, indicating that buying momentum is weak. It is possible that wave (v) can make a new all time high but i would not be jumping into Motus as this stage of the trend.
JSE:MTH
by Loyiso_BlaqueSoros_Mpeta