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Discovery Holdings Ltd
Buy, Hold or Sell?

Let's analyse Discovery together

PenkeI guess you are interested in Discovery Holdings Ltd. Buy, hold or sell? I don't know! However, I do recommend doing research before doing anything. I will help you with that.

I'm going to help you getting a better view of Discovery Holdings Ltd. At the end you don't have to ask anyone for trading advice. You can make your own decision, with more confidence, the odds in your favor, backed by data.

You can find me behind Let's Analyse Together in the top-right of each section.

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Quick analysis of Discovery (30 sec.)










What can you expect buying and holding a share of Discovery? (30 sec.)

How much money do you get?

How much money do you get?
R0.02
When do you have the money?
1 year
How often do you get paid?
100.0%

What is your share worth?

Current worth
R9,673.57
Expected worth in 1 year
R16,061.12
How sure are you?
100.0%

+ What do you gain per year?

Total Gains per Share
R6,429.28
Return On Investment
51.8%

For what price can you sell your share?

Current Price per Share
R12,403.00
Expected price per share
R11,609 - R13,235
How sure are you?
50%

1. Valuation of Discovery (5 min.)




Live pricePrice per Share (EOD)

R12,403.00

Intrinsic Value Per Share

R-8,890.81 - R3,790.23

Total Value Per Share

R782.76 - R13,463.80

2. Growth of Discovery (5 min.)




Is Discovery growing?

Current yearPrevious yearGrowGrow %
How rich?$3.3b$2.8b$550.1m16.3%

How much money is Discovery making?

Current yearPrevious yearGrowGrow %
Making money$281.2m$289.2m-$7.9m-2.8%
Net Profit Margin6.3%8.3%--

How much money comes from the company's main activities?

3. Financial Health of Discovery (5 min.)




What can you expect buying and holding a share of Discovery? (5 min.)

Welcome investor! Discovery's management wants to use your money to grow the business. In return you get a share of Discovery.

What can you expect buying and holding a share of Discovery?

First you should know what it really means to hold a share of Discovery. And how you can make/lose money.

Speculation

The Price per Share of Discovery is R12,403. The market price reflects what other people think it is worth; not what it's really worth. Your job is to find out if the market price is fair, overpriced, or underpriced. I will help you with that.

If you buy blind, there is a 50% chance of making or losing money by selling the stock in the future. However, we can look at a few things to determine the odds in our favor:

  • The fundamentals: the financial health trends of Discovery.
  • The technials: based on market psychology, we can make a calculated estimate of what the price will do in the future. We can do this through technical analysis. We can calculate the probabilities and the expected value (millionaire math). That's called speculation.
  • The book value: what is the market price compared to it's book value.

Investing

If you really want to invest in Discovery, you will have to let go of the thought of selling in the future. If you have to sell the share for less than you bought it, it can still be a good investment. Focus on what it means to hold the stock forever:

  • You own a part of the company. The equity of this part can grow or shrink. The current Book Value per Share is R9,673.57. Based on the TTM, the Book Value Change Per Share is R1,596.89 per quarter. Based on the YOY, the Book Value Change Per Share is R1,086.63 per quarter.
  • You may receive quarterly/yearly dividend in the form of additional shares.
  • You may receive quarterly/yearly dividend in the form of cash. Based on the TTM the Dividend per Share is R10.43 per quarter.
Based on historical numbers we can estimate the returns while holding a share of Discovery.

How much money are you going to get?

 MRQTTMYOY5Y10Y
 R% of Price per ShareR% of Price per ShareR% of Price per ShareR% of Price per ShareR% of Price per Share
Usd Eps0.410.0%0.410.0%0.430.0%0.330.0%0.340.0%
Usd Book Value Change Per Share0.840.0%0.840.0%0.570.0%0.420.0%0.400.0%
Usd Dividend Per Share0.010.0%0.010.0%0.000.0%0.050.0%0.070.0%
Usd Total Gains Per Share0.850.0%0.850.0%0.580.0%0.470.0%0.470.0%
Usd Price Per Share7.70-7.70-6.76-6.90-6.73-
Price to Earnings Ratio18.66-18.66-15.67-157.73-88.19-
Price-to-Total Gains Ratio9.07-9.07-11.70-21.59-19.10-
Price to Book Ratio1.51-1.51-1.59-1.75-2.33-
Price-to-Total Gains Ratio9.07-9.07-11.70-21.59-19.10-

When do you get the money?

Usd Investment
$.00
Usd Price Per Share6.548784
Number of shares152
Gains per QuarterTrailing 12 Months5 Year
Usd Dividend Per Share0.010.05
Usd Book Value Change Per Share0.840.42
Usd Total Gains Per Share0.850.47
Gains per Quarter (152 shares)129.0071.32
Gains per Year (152 shares)515.99285.27
YearsReturn on Investment (TTM)Return on Investment (5Y)
 DividendBook Value gainTotal gainsDividendBook Value gainTotal gains
Broker costs---10---10
1351350631254275
271025102262509560
3101538153892763845
4132051205412310181130
5172563257015412721415
6203076308618515271700
7233588360221517811985
8274101411824620362270
9304614463427722902555
10335126515030825452840

How sure are you?

Based on the past periods, how sure are you to get value out of your investment.

Linear %
 Trailing 12 Months3Y5 Year10 YearALLTIME
  % % % % %
Earnings Per Share1.00.00.0100.0%3.00.00.0100.0%5.00.00.0100.0%10.00.00.0100.0%22.00.00.0100.0%
Book Value Change Per Share1.00.00.0100.0%3.00.00.0100.0%5.00.00.0100.0%10.00.00.0100.0%21.00.01.095.5%
Dividend per Share1.00.00.0100.0%3.00.00.0100.0%5.00.00.0100.0%10.00.00.0100.0%19.00.03.086.4%
Total Gains per Share1.00.00.0100.0%3.00.00.0100.0%5.00.00.0100.0%10.00.00.0100.0%22.00.00.0100.0%

Fundamentals of Discovery

About Discovery Holdings Ltd

Discovery Limited provides various insurance products and services primarily in South Africa and the United Kingdom. It operates through Health South Africa, Life South Africa, Invest South Africa, Vitality South Africa, Insure South Africa, Bank South Africa, Health United Kingdom, Life United Kingdom, and All Other segments. The company offers health, life, car, travel, business, and home insurance products; motor, building, household content, and portable possessions insurance products; private medical insurance products; and commercial short-term risk insurance products. It also provides managed care services; financial solutions; investment products; retail banking solutions, including deposits and loans and advances; and Vitality, which offers health and lifestyle benefits. The company was formerly known as Discovery Holdings Limited and changed its name to Discovery Limited in December 2012. Discovery Limited was founded in 1992 and is based in Johannesburg, South Africa.

Fundamental data was last updated by Penke on 2024-03-19 12:20:05.

Financial Health

Profitability Details
 Compared to previous yearCompared to industry
The company is making a profit.
Using its assets, the company is less efficient in making profit.
Using its investors money, the company is less efficient in making profit.
Operating Efficiency Details
 Compared to previous yearCompared to industry
The company is operating less efficient.
The company is less efficient in keeping operating costs low.
Liquidity Details
 Compared to previous yearCompared to industry
The company is very able to pay all its short-term debts.
The company is very able to pay all its short-term debts with the most liquid assets.
Solvency Details
 Compared to previous yearCompared to industry
The company is just able to pay all its debts by selling its assets.
The company is unable to pay all its debts with equity.

Valuation

Valuation Details
 Compared to previous yearCompared to industry
Based on the equity, the company is underpriced.
Based on the earnings, the company is fair priced.
Based on how much money comes from the company's main activities, the company is expensive.

1.1. Profitability of Discovery Holdings Ltd.

1.1. Profitability
1.1.1. Net Profit Margin

Measures how much net profit Discovery earns for each 1 of revenue.

  • Above 10% is considered healthy but always compare Discovery to the Insurance - Life industry mean.
  • A Net Profit Margin of 6.3% means that 0.06 for each 1 in revenue is generated as profit.

Let's take a look of the Net Profit Margin trends of Discovery Holdings Ltd:

  • The MRQ is 6.3%. The company is making a profit. +1
  • The TTM is 6.3%. The company is making a profit. +1
Trends
Current periodCompared to+/- 
MRQ6.3%TTM6.3%0.0%
TTM6.3%YOY8.3%-2.0%
TTM6.3%5Y6.2%+0.1%
5Y6.2%10Y8.4%-2.2%
1.1.2. Return on Assets

Shows how efficient Discovery is using its assets to generate profit.

  • Above 5% is considered healthy but always compare Discovery to the Insurance - Life industry mean.
  • 1.8% Return on Assets means that Discovery generated 0.02 profit for each $1 in assets.

Let's take a look of the Return on Assets trends of Discovery Holdings Ltd:

  • The MRQ is 1.8%. Using its assets, the company is less efficient in making profit.
  • The TTM is 1.8%. Using its assets, the company is less efficient in making profit.
Trends
Current periodCompared to+/- 
MRQ1.8%TTM1.8%0.0%
TTM1.8%YOY2.0%-0.3%
TTM1.8%5Y1.8%0.0%
5Y1.8%10Y3.0%-1.2%
1.1.3. Return on Equity

Shows how efficient Discovery is using its investors money to generate profit.

  • Above 15%-20% is considered healthy but always compare Discovery to the Insurance - Life industry mean.
  • 8.3% Return on Equity means Discovery generated 0.08 for each 1 the owners (shareholders) invested.

Let's take a look of the Return on Equity trends of Discovery Holdings Ltd:

  • The MRQ is 8.3%. Using its investors money, the company is less efficient in making profit.
  • The TTM is 8.3%. Using its investors money, the company is less efficient in making profit.
Trends
Current periodCompared to+/- 
MRQ8.3%TTM8.3%0.0%
TTM8.3%YOY10.2%-1.9%
TTM8.3%5Y8.2%+0.1%
5Y8.2%10Y12.2%-3.9%

1.2. Operating Efficiency of Discovery Holdings Ltd.

1.2. Operating Efficiency
1.2.1. Operating Margin

Measures how efficient Discovery is operating .

  • Measures how much profit Discovery makes for each 1 of sales after paying variable costs (production costs, wages, etc) but before taxes.
  • Above 15% is considered healthy but always compare Discovery to the Insurance - Life industry mean.
  • An Operating Margin of 6.1% means the company generated 0.06  for each 1 in revenue (before taxes).

Let's take a look of the Operating Margin trends of Discovery Holdings Ltd:

  • The MRQ is 6.1%. The company is operating less efficient.
  • The TTM is 6.1%. The company is operating less efficient.
Trends
Current periodCompared to+/- 
MRQ6.1%TTM6.1%0.0%
TTM6.1%YOY7.4%-1.3%
TTM6.1%5Y6.3%-0.1%
5Y6.3%10Y10.1%-3.9%
1.2.2. Operating Ratio

Measures how efficient Discovery is keeping operating costs low.

  • Below 1 is considered healthy (always compare to Insurance - Life industry mean).
  • An Operation Ratio of 0.91 means that the operating costs are 0.91 for each 1 in net sales.

Let's take a look of the Operating Ratio trends of Discovery Holdings Ltd:

  • The MRQ is 0.913. The company is less efficient in keeping operating costs low.
  • The TTM is 0.913. The company is less efficient in keeping operating costs low.
Trends
Current periodCompared to+/- 
MRQ0.913TTM0.9130.000
TTM0.913YOY0.889+0.025
TTM0.9135Y0.696+0.218
5Y0.69610Y1.056-0.360

1.3. Liquidity of Discovery Holdings Ltd.

1.3. Liquidity
1.3.1. Current Ratio

Measures if Discovery is able to pay off Short-term Debt.

  • Above 1.5 is considered healthy (always compare to Insurance - Life industry mean).
  • A Current Ratio of 617.27 means the company has 617.27 in assets for each 1 in short-term debts.

Let's take a look of the Current Ratio trends of Discovery Holdings Ltd:

  • The MRQ is 617.273. The company is very able to pay all its short-term debts. +2
  • The TTM is 617.273. The company is very able to pay all its short-term debts. +2
Trends
Current periodCompared to+/- 
MRQ617.273TTM617.2730.000
TTM617.273YOY126.763+490.510
TTM617.2735Y149.257+468.015
5Y149.25710Y77.319+71.939
1.3.2. Quick Ratio

Measures if Discovery is able to pay off Short-term Debt but only using the most liquid assets.

  • Above 1 is considered healthy but always compare Discovery to the Insurance - Life industry mean.
  • A Quick Ratio of 1,562.85 means the company can pay off 1,562.85 for each 1 in debt (using most liquid assets).

Let's take a look of the Quick Ratio trends of Discovery Holdings Ltd:

  • The MRQ is 1,562.848. The company is very able to pay all its short-term debts with the most liquid assets. +2
  • The TTM is 1,562.848. The company is very able to pay all its short-term debts with the most liquid assets. +2
Trends
Current periodCompared to+/- 
MRQ1,562.848TTM1,562.8480.000
TTM1,562.848YOY275.782+1,287.066
TTM1,562.8485Y368.481+1,194.367
5Y368.48110Y185.712+182.769

1.4. Solvency of Discovery Holdings Ltd.

1.3. Liquidity
1.4.1. Debt to Asset Ratio

Measures how much % of Discovery assets are financed with debt.

  • Below 1 (100%) is considered healthy but always compare Discovery to Insurance - Life industry mean.
  • A Debt to Asset Ratio of 0.79 means that Discovery assets are financed with 78.8% credit (debt) and the remaining percentage (100% - 78.8%) is financed by its owners/shareholders. 

Let's take a look of the Debt to Asset Ratio trends of Discovery Holdings Ltd:

  • The MRQ is 0.788. The company is just able to pay all its debts by selling its assets.
  • The TTM is 0.788. The company is just able to pay all its debts by selling its assets.
Trends
Current periodCompared to+/- 
MRQ0.788TTM0.7880.000
TTM0.788YOY0.803-0.014
TTM0.7885Y0.790-0.002
5Y0.79010Y0.766+0.024
1.4.2. Debt to Equity Ratio

Measures if Discovery is able to pay off its debts by using shareholders equity.

  • Below 2 is considered healthy but always compare Discovery to the Insurance - Life industry mean.
  • A Debt to Equity ratio of 372.0% means that company has 3.72 debt for each 1 in shareholders equity.

Let's take a look of the Debt to Equity Ratio trends of Discovery Holdings Ltd:

  • The MRQ is 3.720. The company is unable to pay all its debts with equity. -1
  • The TTM is 3.720. The company is unable to pay all its debts with equity. -1
Trends
Current periodCompared to+/- 
MRQ3.720TTM3.7200.000
TTM3.720YOY4.065-0.345
TTM3.7205Y3.801-0.081
5Y3.80110Y3.355+0.446

2. Market Valuation of Discovery Holdings Ltd

2.1. Earnings Per Share
2.1. Price to Earnings Ratio

Measures how much money you pay for each share for every 1 in earnings Discovery generates.

  • Above 15 is considered overpriced but always compare Discovery to the Insurance - Life industry mean.
  • A PE ratio of 18.66 means the investor is paying 18.66 for every 1 in earnings.

Let's take a look of the Price to Earnings Ratio trends of Discovery Holdings Ltd:

  • The EOD is 15.872. Based on the earnings, the company is fair priced.
  • The MRQ is 18.664. Based on the earnings, the company is fair priced.
  • The TTM is 18.664. Based on the earnings, the company is fair priced.
Trends
Current periodCompared to+/- 
EOD15.872MRQ18.664-2.792
MRQ18.664TTM18.6640.000
TTM18.664YOY15.666+2.998
TTM18.6645Y157.726-139.062
5Y157.72610Y88.187+69.538
2.2. Price To Free Cash Flow Ratio

Let's take a look of the Price To Free Cash Flow Ratio trends of Discovery Holdings Ltd:

  • The EOD is 344.641. Based on how much money comes from the company's main activities, the company is expensive. -2
  • The MRQ is 405.272. Based on how much money comes from the company's main activities, the company is expensive. -2
  • The TTM is 405.272. Based on how much money comes from the company's main activities, the company is expensive. -2
Trends
Current periodCompared to+/- 
EOD344.641MRQ405.272-60.631
MRQ405.272TTM405.2720.000
TTM405.272YOY48.399+356.872
TTM405.2725Y69.515+335.756
5Y69.51510Y42.461+27.055
2. Book Value per Share
2.3. Price to Book Ratio

Measures if the stock price of Discovery is to cheap or to expensive compared to its book value.

  • At or below 1 is considered healthy (always compare to Insurance - Life industry mean).
  • A PB ratio of 1.51 means the investor is paying 1.51 for each 1 in book value.

Let's take a look of the Price to Book Ratio trends of Discovery Holdings Ltd:

  • The EOD is 1.282. Based on the equity, the company is underpriced. +1
  • The MRQ is 1.508. Based on the equity, the company is underpriced. +1
  • The TTM is 1.508. Based on the equity, the company is underpriced. +1
Trends
Current periodCompared to+/- 
EOD1.282MRQ1.508-0.226
MRQ1.508TTM1.5080.000
TTM1.508YOY1.586-0.078
TTM1.5085Y1.746-0.238
5Y1.74610Y2.328-0.581
2. Total Gains per Share

3. Summary

3.1. Key Performance Indicators

The key performance indicators of Discovery Holdings Ltd compared to the Most Recent Quarter (MRQ).

 End of day+/-Most Recent QuarterTrailing 12 Months+/-Year-Over-Year+/-5 Year+/-10 Year+/-
Book Value Change Per Share--1596.8881596.8880%1086.634+47%792.774+101%759.162+110%
Book Value Per Share--9673.5669673.5660%8076.678+20%7604.283+27%6008.288+61%
Current Ratio--617.273617.2730%126.763+387%149.257+314%77.319+698%
Debt To Asset Ratio--0.7880.7880%0.803-2%0.7900%0.766+3%
Debt To Equity Ratio--3.7203.7200%4.065-8%3.801-2%3.355+11%
Dividend Per Share--10.43410.4340%8.445+24%95.847-89%134.813-92%
Eps--781.458781.4580%817.697-4%616.288+27%649.019+20%
Free Cash Flow Per Share--35.98835.9880%264.673-86%476.962-92%263.146-86%
Free Cash Flow To Equity Per Share---150.606-150.6060%342.793-144%493.651-131%390.563-139%
Gross Profit Margin--0.6060.6060%0.682-11%-0.674+211%0.093+551%
Intrinsic Value_10Y_max--3790.231--------
Intrinsic Value_10Y_min---8890.810--------
Intrinsic Value_1Y_max--497.984--------
Intrinsic Value_1Y_min---28.103--------
Intrinsic Value_3Y_max--1406.177--------
Intrinsic Value_3Y_min---832.246--------
Intrinsic Value_5Y_max--2205.799--------
Intrinsic Value_5Y_min---2449.790--------
Market Cap8166432872000.000-18%9645468880000.0009645468880000.0000%8494080420000.000+14%8651168889000.000+11%8417952974100.000+15%
Net Profit Margin--0.0630.0630%0.083-24%0.062+2%0.084-25%
Operating Margin--0.0610.0610%0.074-18%0.063-2%0.101-40%
Operating Ratio--0.9130.9130%0.889+3%0.696+31%1.056-14%
Pb Ratio1.282-18%1.5081.5080%1.586-5%1.746-14%2.328-35%
Pe Ratio15.872-18%18.66418.6640%15.666+19%157.726-88%88.187-79%
Price Per Share12403.000-18%14585.00014585.0000%12810.000+14%13077.600+12%12754.200+14%
Price To Free Cash Flow Ratio344.641-18%405.272405.2720%48.399+737%69.515+483%42.461+854%
Price To Total Gains Ratio7.717-18%9.0749.0740%11.698-22%21.594-58%19.104-53%
Quick Ratio--1562.8481562.8480%275.782+467%368.481+324%185.712+742%
Return On Assets--0.0180.0180%0.020-13%0.0180%0.030-41%
Return On Equity--0.0830.0830%0.102-19%0.082+1%0.122-32%
Total Gains Per Share--1607.3211607.3210%1095.079+47%888.621+81%893.975+80%
Usd Book Value--3377827200.0003377827200.0000%2827704000.000+19%2656727040.000+27%2095325760.000+61%
Usd Book Value Change Per Share--0.8430.8430%0.574+47%0.419+101%0.401+110%
Usd Book Value Per Share--5.1085.1080%4.264+20%4.015+27%3.172+61%
Usd Dividend Per Share--0.0060.0060%0.004+24%0.051-89%0.071-92%
Usd Eps--0.4130.4130%0.432-4%0.325+27%0.343+20%
Usd Free Cash Flow--12566400.00012566400.0000%92664000.000-86%166995840.000-92%92072640.000-86%
Usd Free Cash Flow Per Share--0.0190.0190%0.140-86%0.252-92%0.139-86%
Usd Free Cash Flow To Equity Per Share---0.080-0.0800%0.181-144%0.261-131%0.206-139%
Usd Market Cap4311876556.416-18%5092807568.6405092807568.6400%4484874461.760+14%4567817173.392+11%4444679170.325+15%
Usd Price Per Share6.549-18%7.7017.7010%6.764+14%6.905+12%6.734+14%
Usd Profit--281265600.000281265600.0000%289238400.000-3%219827520.000+28%230429760.000+22%
Usd Revenue--4475908800.0004475908800.0000%3496627200.000+28%3654024000.000+22%2968753920.000+51%
Usd Total Gains Per Share--0.8490.8490%0.578+47%0.469+81%0.472+80%
 EOD+4 -4MRQTTM+0 -0YOY+18 -185Y+23 -1310Y+20 -16

3.2. Fundamental Score

Let's check the fundamental score of Discovery Holdings Ltd based on Penke's default stock scanner.

Penke's Stock Scanner

  
  
IndicatorConditionValue
Price to Earnings Ratio (EOD)Between0-1515.872
Price to Book Ratio (EOD)Between0-11.282
Net Profit Margin (MRQ)Greater than00.063
Operating Margin (MRQ)Greater than00.061
Quick Ratio (MRQ)Greater than11,562.848
Current Ratio (MRQ)Greater than1617.273
Debt to Asset Ratio (MRQ)Less than10.788
Debt to Equity Ratio (MRQ)Less than13.720
Return on Equity (MRQ)Greater than0.150.083
Return on Assets (MRQ)Greater than0.050.018
Total5/10 (50.0%)

3.3. Technical Score

Let's check the technical score of Discovery Holdings Ltd based on Penke's default Symbol scanner.

Penke's Symbol Scanner

  
  
IndicatorConditionValue
RsiGreater than5032.861
Ma 20Greater thanMa 5013,176.050
Ma 50Greater thanMa 10013,412.780
Ma 100Greater thanMa 20013,537.950
OpenGreater thanClose12,600.000
Total1/5 (20.0%)



Latest Balance Sheet

Balance Sheet of 2023-06-30. Currency in ZAR. All numbers in thousands.

Summary
Total Assets301,927,000
Total Liabilities237,953,000
Total Stockholder Equity63,970,000
 As reported
Total Liabilities 237,953,000
Total Stockholder Equity+ 63,970,000
Total Assets = 301,927,000

Assets

Total Assets301,927,000
Total Current Assets20,370,000
Long-term Assets17,097,000
Total Current Assets
Cash And Cash Equivalents 20,370,000
Short-term Investments 15,145,000
Net Receivables 16,059,000
Total Current Assets  (as reported)20,370,000
Total Current Assets  (calculated)51,574,000
+/- 31,204,000
Long-term Assets
Property Plant Equipment 3,910,000
Goodwill 5,406,000
Long Term Investments 169,425,000
Intangible Assets 6,982,000
Long-term Assets Other -173,030,000
Long-term Assets  (as reported)17,097,000
Long-term Assets  (calculated)12,693,000
+/- 4,404,000

Liabilities & Shareholders' Equity

Total Current Liabilities33,000
Long-term Liabilities15,824,000
Total Stockholder Equity63,970,000
Total Current Liabilities
Short-term Debt 33,000
Short Long Term Debt 33,000
Accounts payable 5,757,000
Other Current Liabilities -33,000
Total Current Liabilities  (as reported)33,000
Total Current Liabilities  (calculated)5,790,000
+/- 5,757,000
Long-term Liabilities
Capital Lease Obligations 4,225,000
Long-term Liabilities  (as reported)15,824,000
Long-term Liabilities  (calculated)4,225,000
+/- 11,599,000
Total Stockholder Equity
Common Stock10,351,000
Retained Earnings 44,218,000
Accumulated Other Comprehensive Income 52,841,000
Other Stockholders Equity -44,219,000
Total Stockholder Equity (as reported)63,970,000
Total Stockholder Equity (calculated)63,191,000
+/- 779,000
Other
Capital Stock11,130,000
Cash and Short Term Investments 20,370,000
Common Stock Shares Outstanding 661,328
Current Deferred Revenue-5,724,000
Liabilities and Stockholders Equity 301,927,000
Net Debt 216,000
Net Invested Capital 79,552,000
Net Tangible Assets 51,174,000
Property Plant and Equipment Gross 6,862,000
Short Long Term Debt Total 20,586,000



Balance Sheet

Currency in ZAR. All numbers in thousands.

 Trend2023-06-302022-06-302021-06-302020-06-302019-06-302018-06-302017-06-302016-06-302015-06-302014-06-302013-06-302012-06-302011-06-302010-06-302009-06-302008-06-302007-06-302006-06-302005-06-302004-06-302003-06-302002-06-30
> Total Assets 
0
3,341,000
4,032,000
5,216,000
6,792,000
8,643,000
10,793,000
14,931,000
20,994,000
30,905,000
40,662,000
54,933,000
72,196,000
89,462,000
118,577,000
130,923,000
157,982,000
180,233,000
210,328,000
246,694,000
271,224,000
301,927,000
301,927,000271,224,000246,694,000210,328,000180,233,000157,982,000130,923,000118,577,00089,462,00072,196,00054,933,00040,662,00030,905,00020,994,00014,931,00010,793,0008,643,0006,792,0005,216,0004,032,0003,341,0000
   > Total Current Assets 
0
2,392,600
0
0
2,429,000
1,051,000
912,000
9,277,000
13,500,000
14,778,000
21,929,000
28,167,000
33,422,000
32,228,000
47,847,000
54,581,000
63,558,000
9,403,000
17,909,000
20,013,000
19,775,000
20,370,000
20,370,00019,775,00020,013,00017,909,0009,403,00063,558,00054,581,00047,847,00032,228,00033,422,00028,167,00021,929,00014,778,00013,500,0009,277,000912,0001,051,0002,429,000002,392,6000
       Cash And Cash Equivalents 
0
1,337,000
0
0
1,322,000
996,000
812,000
1,737,000
2,845,000
3,285,000
7,658,000
10,176,000
11,678,000
6,251,000
8,634,000
9,098,000
10,894,000
9,403,000
17,909,000
20,013,000
19,775,000
20,370,000
20,370,00019,775,00020,013,00017,909,0009,403,00010,894,0009,098,0008,634,0006,251,00011,678,00010,176,0007,658,0003,285,0002,845,0001,737,000812,000996,0001,322,000001,337,0000
       Short-term Investments 
0
0
0
0
0
0
0
0
1,453,000
0
12,466,000
9,567,000
2,155,000
9,454,000
9,794,000
7,298,000
7,547,000
0
8,638,000
11,467,000
10,134,000
15,145,000
15,145,00010,134,00011,467,0008,638,00007,547,0007,298,0009,794,0009,454,0002,155,0009,567,00012,466,00001,453,00000000000
       Net Receivables 
0
0
0
0
0
0
0
83,000
0
0
0
0
1,652,000
2,111,000
4,891,000
2,548,000
3,125,000
4,525,000
5,474,000
5,259,000
13,113,000
16,059,000
16,059,00013,113,0005,259,0005,474,0004,525,0003,125,0002,548,0004,891,0002,111,0001,652,000000083,0000000000
       Other Current Assets 
0
1,055,600
0
0
1,107,000
55,000
100,000
7,457,000
9,202,000
11,493,000
1,805,000
8,424,000
19,589,000
16,523,000
29,419,000
38,185,000
45,117,000
61,452,000
34,035,000
37,205,000
37,406,000
45,108,000
45,108,00037,406,00037,205,00034,035,00061,452,00045,117,00038,185,00029,419,00016,523,00019,589,0008,424,0001,805,00011,493,0009,202,0007,457,000100,00055,0001,107,000001,055,6000
   > Long-term Assets 
0
948,400
0
0
4,363,000
7,592,000
9,881,000
5,654,000
7,494,000
16,127,000
18,733,000
26,766,000
38,774,000
57,234,000
70,730,000
76,342,000
94,424,000
109,378,000
16,726,000
16,023,000
15,902,000
17,097,000
17,097,00015,902,00016,023,00016,726,000109,378,00094,424,00076,342,00070,730,00057,234,00038,774,00026,766,00018,733,00016,127,0007,494,0005,654,0009,881,0007,592,0004,363,00000948,4000
       Property Plant Equipment 
0
221,200
2,236,000
2,720,000
186,000
228,000
291,000
199,000
220,000
200,000
251,000
533,000
666,000
727,000
1,052,000
1,210,000
4,272,000
4,212,000
4,643,000
4,188,000
3,811,000
3,910,000
3,910,0003,811,0004,188,0004,643,0004,212,0004,272,0001,210,0001,052,000727,000666,000533,000251,000200,000220,000199,000291,000228,000186,0002,720,0002,236,000221,2000
       Goodwill 
0
0
0
0
0
0
0
0
0
1,302,000
1,542,000
1,859,000
2,239,000
2,375,000
2,447,000
2,107,000
2,247,000
4,642,000
5,070,000
4,879,000
4,912,000
5,406,000
5,406,0004,912,0004,879,0005,070,0004,642,0002,247,0002,107,0002,447,0002,375,0002,239,0001,859,0001,542,0001,302,000000000000
       Long Term Investments 
0
0
0
0
0
0
0
0
0
0
0
0
3,375,000
8,967,000
61,823,000
67,617,000
80,446,000
92,555,000
107,236,000
138,754,000
152,983,000
169,425,000
169,425,000152,983,000138,754,000107,236,00092,555,00080,446,00067,617,00061,823,0008,967,0003,375,000000000000000
       Intangible Assets 
0
35,500
1,356,000
1,926,000
2,529,000
3,227,000
4,163,000
520,000
325,000
1,440,000
1,434,000
1,574,000
2,021,000
2,526,000
4,584,000
4,071,000
5,491,000
5,597,000
6,381,000
6,371,000
6,539,000
6,982,000
6,982,0006,539,0006,371,0006,381,0005,597,0005,491,0004,071,0004,584,0002,526,0002,021,0001,574,0001,434,0001,440,000325,000520,0004,163,0003,227,0002,529,0001,926,0001,356,00035,5000
       Other Assets 
0
4,289,400
4,032,000
5,216,000
11,155,000
16,235,000
20,674,000
20,585,000
28,488,000
47,032,000
59,395,000
81,699,000
110,970,000
146,696,000
189,307,000
207,265,000
252,406,000
61,452,000
175,693,000
210,658,000
235,547,000
264,460,000
264,460,000235,547,000210,658,000175,693,00061,452,000252,406,000207,265,000189,307,000146,696,000110,970,00081,699,00059,395,00047,032,00028,488,00020,585,00020,674,00016,235,00011,155,0005,216,0004,032,0004,289,4000
> Total Liabilities 
0
1,139,800
1,596,000
1,941,000
2,580,000
3,281,000
4,629,000
7,918,000
12,612,000
21,932,000
28,931,000
41,225,000
54,785,000
62,106,000
87,970,000
98,633,000
120,388,000
137,150,000
165,775,000
200,275,000
217,669,000
237,953,000
237,953,000217,669,000200,275,000165,775,000137,150,000120,388,00098,633,00087,970,00062,106,00054,785,00041,225,00028,931,00021,932,00012,612,0007,918,0004,629,0003,281,0002,580,0001,941,0001,596,0001,139,8000
   > Total Current Liabilities 
0
1,414,400
0
0
0
0
0
0
0
0
3,534,000
3,395,000
3,882,000
10,583,000
23,969,000
8,769,000
9,049,000
10,262,000
26,265,000
30,644,000
156,000
33,000
33,000156,00030,644,00026,265,00010,262,0009,049,0008,769,00023,969,00010,583,0003,882,0003,395,0003,534,000000000001,414,4000
       Short-term Debt 
0
875,900
0
0
0
0
0
0
0
0
2,000
216,000
130,000
958,000
5,000
1,400,000
6,000
0
1,345,000
2,065,000
156,000
33,000
33,000156,0002,065,0001,345,00006,0001,400,0005,000958,000130,000216,0002,00000000000875,9000
       Short Long Term Debt 
0
0
0
0
0
0
0
0
0
0
0
0
575,000
958,000
5,000
1,400,000
6,000
0
0
0
156,000
33,000
33,000156,0000006,0001,400,0005,000958,000575,000000000000000
       Accounts payable 
0
538,500
0
0
522,000
735,000
1,116,000
1,278,000
1,681,000
2,391,000
3,532,000
3,179,000
3,752,000
5,506,000
8,563,000
7,369,000
9,043,000
10,262,000
3,066,000
3,807,000
4,574,000
5,757,000
5,757,0004,574,0003,807,0003,066,00010,262,0009,043,0007,369,0008,563,0005,506,0003,752,0003,179,0003,532,0002,391,0001,681,0001,278,0001,116,000735,000522,00000538,5000
       Other Current Liabilities 
0
0
0
0
0
0
0
0
0
0
0
0
5,368,000
5,437,000
4,248,000
14,811,000
19,388,000
-10,262,000
20,906,000
24,403,000
-156,000
-33,000
-33,000-156,00024,403,00020,906,000-10,262,00019,388,00014,811,0004,248,0005,437,0005,368,000000000000000
   > Long-term Liabilities 
0
0
0
0
0
0
0
1,520,000
1,947,000
532,000
3,591,000
4,379,000
5,246,000
6,223,000
11,726,000
14,378,000
22,404,000
23,812,000
165,775,000
200,275,000
12,284,000
15,824,000
15,824,00012,284,000200,275,000165,775,00023,812,00022,404,00014,378,00011,726,0006,223,0005,246,0004,379,0003,591,000532,0001,947,0001,520,0000000000
       Long term Debt Total 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
8,474,000
13,705,000
14,325,000
19,836,000
19,493,000
20,584,000
0
020,584,00019,493,00019,836,00014,325,00013,705,0008,474,000000000000000000
       Other Liabilities 
0
0
0
0
0
0
0
0
0
0
0
0
42,228,000
57,052,000
58,671,000
65,442,000
75,404,000
87,195,000
101,926,000
125,394,000
146,005,000
132,275,000
132,275,000146,005,000125,394,000101,926,00087,195,00075,404,00065,442,00058,671,00057,052,00042,228,000000000000000
> Total Stockholder Equity
0
2,073,800
2,436,000
3,275,000
4,212,000
5,362,000
6,164,000
7,013,000
8,382,000
8,969,000
11,730,000
13,706,000
17,411,000
27,356,000
30,607,000
32,290,000
37,594,000
43,083,000
44,549,000
46,415,000
53,550,000
63,970,000
63,970,00053,550,00046,415,00044,549,00043,083,00037,594,00032,290,00030,607,00027,356,00017,411,00013,706,00011,730,0008,969,0008,382,0007,013,0006,164,0005,362,0004,212,0003,275,0002,436,0002,073,8000
   Common Stock
0
1,036,900
1,276,000
1,336,000
1,348,000
1,393,000
1,468,000
1,548,000
1,541,000
1,542,000
1,503,000
1,470,000
2,582,000
7,488,000
8,300,000
8,306,000
8,308,000
10,142,000
10,148,000
10,151,000
10,178,000
10,351,000
10,351,00010,178,00010,151,00010,148,00010,142,0008,308,0008,306,0008,300,0007,488,0002,582,0001,470,0001,503,0001,542,0001,541,0001,548,0001,468,0001,393,0001,348,0001,336,0001,276,0001,036,9000
   Retained Earnings Total Equity0000000000000000000000
   Accumulated Other Comprehensive Income 
0
0
0
0
0
0
0
540,000
0
0
0
0
0
0
0
0
0
0
33,623,000
35,486,000
42,594,000
52,841,000
52,841,00042,594,00035,486,00033,623,0000000000000540,0000000000
   Capital Surplus 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
8,377,000
8,379,000
10,214,000
10,214,000
11,121,000
11,121,000
0
011,121,00011,121,00010,214,00010,214,0008,379,0008,377,000000000000000000
   Treasury Stock0000000000000000000000
   Other Stockholders Equity 
0
1,036,900
1,160,000
1,939,000
640,000
912,000
721,000
0
574,000
278,000
670,000
1,253,000
1,501,000
2,024,000
1,934,000
346,000
1,280,000
452,000
-30,354,000
-33,551,000
-38,973,000
-44,219,000
-44,219,000-38,973,000-33,551,000-30,354,000452,0001,280,000346,0001,934,0002,024,0001,501,0001,253,000670,000278,000574,0000721,000912,000640,0001,939,0001,160,0001,036,9000



Balance Sheet

Currency in ZAR. All numbers in thousands.




Cash Flow

Currency in ZAR. All numbers in thousands.




Income Statement

Currency in ZAR. All numbers in thousands.


Latest Income Statement (annual, 2023-06-30)

Gross Profit (+$)
totalRevenue84,771,000
Cost of Revenue--
Gross Profit84,771,00084,771,000
 
Operating Income (+$)
Gross Profit84,771,000
Operating Expense-77,420,000
Operating Income5,187,0007,351,000
 
Operating Expense (+$)
Research Development-
Selling General Administrative1,641,000
Selling And Marketing Expenses2,101,000
Operating Expense77,420,0003,742,000
 
Net Interest Income (+$)
Interest Income4,587,000
Interest Expense-2,666,000
Other Finance Cost-3,288,000
Net Interest Income-1,367,000
 
Pretax Income (+$)
Operating Income5,187,000
Net Interest Income-1,367,000
Other Non-Operating Income Expenses-
Income Before Tax (EBT)7,372,0001,146,000
EBIT - interestExpense = 2,521,000
7,379,000
7,993,000
Interest Expense2,666,000
Earnings Before Interest and Taxes (EBIT)5,187,00010,038,000
Earnings Before Interest and Taxes (EBITDA)7,220,000
 
After tax Income (+$)
Income Before Tax7,372,000
Tax Provision-2,052,000
Net Income From Continuing Ops5,320,0005,320,000
Net Income5,327,000
Net Income Applicable To Common Shares5,168,000
 
Non-recurring Events
Discontinued Operations-
Extraordinary Items-
Effect of Accounting Charges-
Other Items-
Non Recurring-
Other Operating Expenses77,399,000
Total Other Income/Expenses Net4,041,0001,367,000
 

Technical Analysis of Discovery
The psychology behind the price

Technical indicators reflecting market sentiment and the collective psychology of you and other traders. Your emotions and other traders' emotions, such as fear and greed, play a significant role in driving price movements.

General trend

First of all, I'm going to put something in the back of your mind. One of the most stable factors that gives you more confidence as a trader: the general trend of Discovery. The general trend of Discovery is BEARISH with 100.0% confidence. It is very important for your mental being to use each indicator with this in mind. But beware, also the general trend flips once in a while! You can use moving averages to determine Discovery's overall trend. For convenience I use the most commonly used moving averages: 20, 50, 100 & 200. Of course you can use other moving averages or other indicators to determine the trend.

Indicator phases

Some of the indicators I use have 3 zones: overbought, oversold and neutral. Transitions between these zones (market phases) provide valuable trading signals and insights. Expecially with the general trend mind, I use the highlighted phases:

Indicator zone transitionsBullish trend (-100.0%) Bearish trend (100.0%)
Overbought to neutralBullish pullback=Bearish reversal
Upper to lower neutralBullish correction=Bearish continuation
Nuetral to oversoldOversold=Oversold
Oversold to neutralBullish reversal=Bearish correction
Lower to upper neutralBullish continuation=Bearish pullback
Nuetral to overboughtOverbought=Overbought

1. Price Targets

1.1 Support & Resistance

Support and resistance are levels on a price chart that act as barriers or zones where the price of an asset tends to stop, reverse, or experience a significant amount of buying or selling pressure.

Support is a price level at which demand for an asset is strong enough to prevent the price from falling further.
Resistance is a price level at which selling pressure becomes significant enough to prevent the price of an asset from rising further.


Score

Let's take a look at the Support & Resistance of Discovery Holdings Ltd.

The long score for the Support & Resistance is 0/1.
The longshort score for the Support & Resistance is 0/(-1 +1).

  • Between support/resistance: The price is trading between support and resistance lines.

The bullish price targets are: 13,102 < 13,159 < 13,235.

The bearish price targets are: 12,263 > 11,900 > 11,609.

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Discovery Holdings Ltd Daily Support & Resistance Chart

2. Trend Indicators

2.1 Moving Averages

Shows the moving average of the selected period.

  • Moving averages are lagging trend indicators.
  • There are many types of moving averages.
  • Moving averages are also used within other indicators.

Score

Let's take a look at the Moving Averages of Discovery Holdings Ltd. The current mas is .

The long score for the Moving Averages is 0/14.
The longshort score for the Moving Averages is -14/(-14 +14).

  • MA 20 trending down: The MA 20 is trending down. -1
  • Close < MA 20: The price is below the MA 20. -1
  • MA 20 < MA 50: The MA 20 is lower than the MA 50. -1
  • MA 20 < MA 100: The MA 20 is lower than the MA 100. -1
  • MA 20 < MA 200: The MA 20 is lower than the MA 200. -1
  • MA 50 trending down: The MA 50 is trending down. -1
  • Close < MA 50: The price is below the MA 50. -1
  • MA 50 < MA 100: The MA 50 is lower than the MA 100. -1
  • MA 50 < MA 200: The MA 50 is lower than the MA 200. -1
  • MA 100 trending down: The MA 100 is trending down. -1
  • Close < MA 100: The price is below the MA 100. -1
  • MA 100 < MA 200: The MA 100 is lower than the MA 200. -1
  • MA 200 trending down: The MA 200 is trending down. -1
  • Close < MA 200: The price is below the MA 200. -1

Directionalities and relatives.

Moving AverageAmount of candlesTrendPrice +/-vs. MA 50vs. MA 100vs. MA 200
MA 2020
MA 5050-
MA 100100--
MA 200200---

Explanation: https://www.youtube.com/watch?v=xwW8h0lrQ-I

Discovery Holdings Ltd Daily Moving Averages Chart
2.2 Moving Average Convergence/Divergence (MACD)

Shows the momentum of the selected period based on two moving averages.

  • MACD is a lagging momentum indicator.
  • Uses two moving averages.
  • Can show buy or sell signals based on momentum.
  • Can show overbought. and oversold. levels.

Score

Let's take a look at the Moving Average Convergence/Divergence (MACD) of Discovery Holdings Ltd. The current macd is -287.49690433.

The long score for the Moving Average Convergence/Divergence (MACD) is 0/4.
The longshort score for the Moving Average Convergence/Divergence (MACD) is -4/(-4 +4).

  • MACD line < signal line: The MACD line is below the signal line, which indicates a bearish signal in the market. This means that the negative momentum is currently stronger than the average momentum, suggesting that sellers are more active than buyers, and there's a higher probability of the Discovery price going down in the near term. -2
  • MACD < 0: The MACD is below the zero line (centerline), it indicates a bearish signal for Discovery. This means that the short-term moving average is lower than the long-term moving average, signaling negative momentum and suggesting a higher likelihood of the Discovery price continuing to fall in the near future. It indicates that sellers are gaining control, and there is negativism in the market, leading to potential price decreases. -1
  • Trending down: The MACD line is trending down. This indicates that the short-term moving average is falling faster than the long-term moving average, suggesting negative momentum in the market. This signals that sellers are becoming more active and insecure, leading to potential price decreases as traders anticipate further losses and are willing to sell at lower prices. -1
Discovery Holdings Ltd Daily Moving Average Convergence/Divergence (MACD) ChartDiscovery Holdings Ltd Daily Moving Average Convergence/Divergence (MACD) Chart
2.3 Directional Movement Index (DMI)

The DMI is a collection of 3 indicators: +DI (Plus Direction Indicator), -DI (Minus Direction Indicator) and ADX (Average Directional Index). The ADX helps you determine the strength of a trend.


Score

Let's take a look at the Directional Movement Index (DMI) of Discovery Holdings Ltd. The current adx is 24.77.

The long score for the Directional Movement Index (DMI) is 0/7.
The longshort score for the Directional Movement Index (DMI) is -2/(-7 +7).

  • PLUS_ID < MINUS_DI: The +DI line is below the -DI line. This indicates a bearish signal in the market, as the negative directional movement is currently stronger than the positive directional movement, showing that sellers have the upper hand. Market psychology suggests that traders are pessimistic, expecting further price decreases, and are more willing to sell Discovery shares, leading to potential downward momentum in its price. -1
  • PLUS_ID < MINUS_DI && ADX < 25 && ADX trending up: The ADX is below 25 and indicates a weak or no trend. However, the ADX is rising and a new bearish trend could be forming. -1
Discovery Holdings Ltd Daily Directional Movement Index (DMI) Chart
2.4 Parabolic SAR

Shows the current trend and potential entry and exit signals.

  • Parabolic SAR (stop and reverse) is a lagging trend indicator.
  • Shows the current trend.
  • Shows potential entry signals.
  • Shows  potential exit signals.
  • Can be used to place trailing stoplosses..

Score

Let's take a look at the Parabolic SAR of Discovery Holdings Ltd. The current sar is 13,720.

The long score for the Parabolic SAR is 0/1.
The longshort score for the Parabolic SAR is -1/(-1 +1).

  • Close < SAR: The price is below the SAR. It's generally considered a bearish signal. -1
Discovery Holdings Ltd Daily Parabolic SAR Chart

3. Momentum Indicators

3.1 Relative Strength Index (RSI)

Measures the speed and change of price movements.

  • Leading momentum indicator, meaning the signals are instant.
  • Ranges between 0 and 100.
  • Above 70 is considered overbought.
  • Below 30 is considered oversold.
  • Above or below 50 can also be used to determine price trend or support and resistance.
  • RSI divergence looks at a deviation between RSI and price movement. Penketrading automatically calculates RSI divergences.
  • Can be used in many different ways

Score

Let's take a look at the Relative Strength Index (RSI) of Discovery Holdings Ltd. The current rsi is 32.86. The current phase is Continuation in bear market.

The long score for the Relative Strength Index (RSI) is 0/13.
The longshort score for the Relative Strength Index (RSI) is -4/(-13 +13).

  • Continuation in bear market: Downtrend continues after a consolidation or pullback. Hold or add to short positions.
  • Trending down: The RSI is trending down. -1
Discovery Holdings Ltd Daily Relative Strength Index (RSI) ChartDiscovery Holdings Ltd Daily Relative Strength Index (RSI) Chart
3.2 Stochastic Oscillator

Compares a certain price to multiple prices ranging over time.

  • Leading momentum indicator, meaning the signals are instant.
  • Used to determine overbought and oversold areas much like the RSI.
  • Ranges between 0 and 100.
  • Above 80 is considered overbought.
  • Below 20 is considered oversold.
  • Consists of two lines named K and D.
  • K compares the highest high and lowest low on the selected price range.
  • The D line is a moving average of the K line.
  • Can be used to spot divergences

Score

Let's take a look at the Stochastic Oscillator of Discovery Holdings Ltd. The current phase is Oversold in bear market.

The long score for the Stochastic Oscillator is 0/6.
The longshort score for the Stochastic Oscillator is -6/(-6 +6).

  • STOCH < 50: The STOCH %K is below 50. There are more sellers than buyers. -1
  • STOCH < 20: The STOCH %K is below 20 and oversold. -2
  • STOCH %K line < STOCH %D line: The STOCH %K line is below the STOCH %D line, which indicates a bearish signal in the market. This means that the negative momentum is currently stronger than the average momentum, suggesting that sellers are more active than buyers, and there's a higher probability of the Discovery price going down in the near term. -2
  • Trending down: The STOCH %K is trending down. -1
Discovery Holdings Ltd Daily Stochastic Oscillator ChartDiscovery Holdings Ltd Daily Stochastic Oscillator Chart
3.3 Commodity Channel Index (CCI)

Measures the difference between the current price and the historical average price.

  • Lagging or leading Momentum indicator
  • When the CCI is above zero, the price is above the historical average
  • When the CCI is below zero, the price is below the historical average
  • Used for spotting trends
    • If the CCI moves from negative or near zero to positive 100 that might indicate an uptrend
    • If the CCI moves from positive or near zero to negative -100 that might indicate a downtrend

Score

Let's take a look at the Commodity Channel Index (CCI) of Discovery Holdings Ltd. The current cci is -126.9275929.

The long score for the Commodity Channel Index (CCI) is 0/1.
The longshort score for the Commodity Channel Index (CCI) is -1/(-1 +1).

  • CCI < -100: The CCI is below -100, it indicates that the price is significantly below its average, suggesting a potential oversold condition. -1
Discovery Holdings Ltd Daily Commodity Channel Index (CCI) ChartDiscovery Holdings Ltd Daily Commodity Channel Index (CCI) Chart
3.4 Chande Momentum Oscillator (CMO)

Measures the difference between the sum of recent gains and the sum of recent losses. Then divides the result by the sum of all price movements in that period.

  • Lagging momentum indicator
  • Ranges between +100 and -100
  • Considered overbought above +50
  • Considered oversold below -50
  • It's possible to add a moving average that acts as a signal line

Score

Let's take a look at the Chande Momentum Oscillator (CMO) of Discovery Holdings Ltd. The current cmo is -39.48160504.

The long score for the Chande Momentum Oscillator (CMO) is 0/1.
The longshort score for the Chande Momentum Oscillator (CMO) is -1/(-1 +1).

  • CMO < 0: The CMO is below 0, the momentum of the price is negative, indicating a potential downtrend in the price. -1
Discovery Holdings Ltd Daily Chande Momentum Oscillator (CMO) ChartDiscovery Holdings Ltd Daily Chande Momentum Oscillator (CMO) Chart
3.5 Williams %R

 Shows the current price relative to the highest high over the last 14 days.
 

  • Lagging momentum indicator
  • Ranging between 0 and -100
  • Above -20 is considered overbought
  • Below -80 is considered oversold
  • Is prone to give false signals

Score

Let's take a look at the Williams %R of Discovery Holdings Ltd. The current willr is -91.31513648.

The long score for the Williams %R is 0/1.
The longshort score for the Williams %R is -1/(-1 +1).

  • WILLR < -80: The Williams %R is below -80. This indicates that the price is in oversold territory, suggesting a potential price correction or trend reversal to the upside. -1
Discovery Holdings Ltd Daily Williams %R ChartDiscovery Holdings Ltd Daily Williams %R Chart

4. Volatility Indicators

4.1 Bollinger Bands

Shows if the price is to high or to low relative to an average.

  • Lagging volatility indicator
  • Uses 3 bands: one upper, one lower and one in the middle
  • Works best when the middle band reflects an intermediate trend (MA20).
  • When the price is moving closer to the upper band, the market might be overbought
  • When the price is moving closer to the lower band, the market might be oversold 

Score

Let's take a look at the Bollinger Bands of Discovery Holdings Ltd.

Discovery Holdings Ltd Daily Bollinger Bands Chart
4.2 Average True Range (ATR)
Measures market volatility
  • Leading volatility indicator
  • Can be used to determine stop-loss positions
  • Calculated by:
    • Current high minus the current low
    • Current high minus the previous close
    • Current low minus the previous close
  • The larger the range of the candles, the greater the ATR value

Score

Let's take a look at the Average True Range (ATR) of Discovery Holdings Ltd. The current atr is 370.99.

Discovery Holdings Ltd Daily Average True Range (ATR) ChartDiscovery Holdings Ltd Daily Average True Range (ATR) Chart

5. Volume Indicators

5.1 On-Balance Volume (OBV)

 Measures market volatility

  • Leading momentum indicator
  • Calculation:
    • If the closing price is above the previous closing price: OBV = previous OBV + current volume
    • If the closing price is below the previous closing price: OBV = previous OBV - current volume
    • If the closing price is the same as the previous closing price than the OBV is the same.
  • Can be used to confirm price trends
  • Can be used with divergences

Score

Let's take a look at the On-Balance Volume (OBV) of Discovery Holdings Ltd. The current obv is -35,144,378.

Discovery Holdings Ltd Daily On-Balance Volume (OBV) ChartDiscovery Holdings Ltd Daily On-Balance Volume (OBV) Chart
5.2 Money Flow Index (MFI)

Measures the flow of money in and out of a security

  • Lagging momentum indicator
  • Looks like RSI but uses volume as an extra metric (RSI only considers price)
  • Above 80 is considered overbought
  • Below 20 is considered oversold
  • Can be used with divergences

Score

Let's take a look at the Money Flow Index (MFI) of Discovery Holdings Ltd. The current mfi is 34.79.

The long score for the Money Flow Index (MFI) is 0/2.
The longshort score for the Money Flow Index (MFI) is -1/(-2 +2).

  • MFI < 50: -1
Discovery Holdings Ltd Daily Money Flow Index (MFI) ChartDiscovery Holdings Ltd Daily Money Flow Index (MFI) Chart

6. Summary

6.1. Notifications

TypeNotificationDate
PenkeCurrently no notifications for Discovery Holdings Ltd.

6.2. Trading Signals

Below you will find trading signals as the indicator is commonly used. This doesn't mean you should use it that way. Learn from these, but don't use them blindly. I recommend using at least 4 indicators, 1 from each category: trend, momentum, volatility and volume.

DateIndicatorSignal
2023-11-06STOCH LONG EXITThe %K line crosses below the %D line.
2023-11-07DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2023-11-08SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
2023-11-13DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
STOCH SHORT EXITThe %K line crosses above the %D line.
2023-11-14DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2023-11-15DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2023-11-17WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2023-11-20STOCH LONG EXITThe %K line crosses below the %D line.
2023-11-21STOCH SHORT EXITThe %K line crosses above the %D line.
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2023-11-22STOCH LONG EXITThe %K line crosses below the %D line.
2023-11-24STOCH SHORT EXITThe %K line crosses above the %D line.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2023-11-28STOCH LONG EXITThe %K line crosses below the %D line.
2023-11-29CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2023-12-01MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
2023-12-04STOCH SHORT EXITThe %K line crosses above the %D line.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2023-12-07STOCH LONG EXITThe %K line crosses below the %D line.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2023-12-11STOCH SHORT EXITThe %K line crosses above the %D line.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2023-12-12MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
2023-12-13CCI LONG ENTRY SHORT CLOSE100 crossover to upside
2023-12-14WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2023-12-18STOCH LONG EXITThe %K line crosses below the %D line.
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2023-12-20STOCH SHORT EXITThe %K line crosses above the %D line.
2023-12-22CCI LONG ENTRY SHORT CLOSE100 crossover to upside
2023-12-27WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2023-12-29STOCH LONG EXITThe %K line crosses below the %D line.
2024-01-04SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
2024-01-08MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
2024-01-09SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2024-01-15CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2024-01-16BB LONG ENTRY SHORT CLOSEPrice closed below the lower band.
2024-01-17STOCH SHORT EXITThe %K line crosses above the %D line.
2024-01-22MFI SHORT ENTRY LONG CLOSE20 crossover to downside
2024-01-23MFI LONG ENTRY SHORT CLOSE20 crossover to upside
2024-01-25STOCH LONG EXITThe %K line crosses below the %D line.
2024-01-26SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
STOCH SHORT EXITThe %K line crosses above the %D line.
2024-01-29STOCH LONG EXITThe %K line crosses below the %D line.
2024-01-30MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
STOCH SHORT EXITThe %K line crosses above the %D line.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-02-02STOCH LONG EXITThe %K line crosses below the %D line.
2024-02-05CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2024-02-06STOCH SHORT EXITThe %K line crosses above the %D line.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2024-02-08STOCH LONG EXITThe %K line crosses below the %D line.
2024-02-09SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2024-02-12MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
2024-02-14WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2024-02-16STOCH SHORT EXITThe %K line crosses above the %D line.
2024-02-21MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2024-02-26STOCH LONG EXITThe %K line crosses below the %D line.
2024-02-27CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2024-02-28MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2024-02-29MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
STOCH SHORT EXITThe %K line crosses above the %D line.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2024-03-01MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2024-03-04DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
2024-03-05STOCH LONG EXITThe %K line crosses below the %D line.
CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
2024-03-06SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
STOCH SHORT EXITThe %K line crosses above the %D line.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2024-03-07STOCH LONG EXITThe %K line crosses below the %D line.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2024-03-11SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
STOCH SHORT EXITThe %K line crosses above the %D line.
2024-03-12MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2024-03-13CCI LONG ENTRY SHORT CLOSE100 crossover to upside
2024-03-15STOCH LONG EXITThe %K line crosses below the %D line.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-03-18MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
BB LONG ENTRY SHORT CLOSEPrice closed below the lower band.
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-03-19RSI LONG ENTRY SHORT CLOSE30 crossover to upside
STOCH SHORT EXITThe %K line crosses above the %D line.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-03-22STOCH LONG EXITThe %K line crosses below the %D line.
2024-03-25WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
BB LONG ENTRY SHORT CLOSEPrice closed below the lower band.

6.3. Candlestick Patterns

Discovery Holdings Ltd Daily Candlestick Chart
DateCandlestick Pattern

6.4. Technical Score

Let's check the technical score of Discovery Holdings Ltd based on Penke's default Symbol scanner.

Penke's Symbol Scanner

  
  
IndicatorConditionValue
RsiGreater than5032.861
Ma 20Greater thanMa 5013,176.050
Ma 50Greater thanMa 10013,412.780
Ma 100Greater thanMa 20013,537.950
OpenGreater thanClose12,600.000
Total1/5 (20.0%)
Penke

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