@braai_boet
JSE by day. Fire and meat on weekends.
Anglo at 823 is still carrying too much debt relative to its cash generation, and the commodity cycle isn't getting any kinder. Long-term, the diversification away from coal is overdue, but execution risk on capex and the threat of another price crash mean I'm not jumping in unti
SHP holding the line like the Boks defending their try line.
Grabbed more PANW at R3.37 because the cybersecurity demand thesis hasn't changed and their revenue growth keeps pace with the valuations being thrown at it, though I'm not naive enough to think it's immune if the broader tech selloff gets worse.
AXP holding up okay at 3.43, up 2% today. The thing with Amex is their fee model is way more sticky than Visa or Mastercard, annual spend from premium cardholders doesn't just disappear in a downturn. If they can keep travel spend and dining volumes decent through next quarter, the margin story stays solid. Personally watching the next earnings call for what they say about delinquencies, that's where the real risk is.
0.73 and climbing, nice to see
Down 5.5% today is rough but honestly ARM's licensing model should hold up better than the chip makers actually building this stuff. License fees keep flowing even when capex cycles slow down. Question is whether the big customers like Qualcomm and MediaTek are slowing their orders, that's where the real signal is. Chart's testing some support, wouldn't be surprised to see a bounce if earnings show the royalty streams are still intact.
Miners are probably sitting on older hardware before the next halving, so yeah cape_steel you're seeing some of that pressure. Real question is whether 620 holds or we drift lower into the month. Volume's been thin which usually means nobody's convinced either way yet.
0.72 is where it always finds support, but the real test is whether the network can keep transaction throughput above 400k per second without another outage. If Solana nails reliability while keeping fees under a cent, it's got legs against Ethereum's layer 2s. Long term the thesis holds if adoption keeps climbing, short term we're just watching whether it breaks through or rolls back to 0.65.
@trpine_patient ja, not panicking at these levels. Enough support around here.
SOL needs some Springbok backbone here
SZK at 33.99 feels stretched for a consumer play with no real growth catalyst in sight. What's keeping you in this one, or have others already bailed?
MTN sitting at R204.97 with a yield pushing 7% makes it interesting for income players, but the dividend's only as safe as their subscriber growth and debt reduction efforts. Revenue momentum in Nigeria and Ghana will need to justify holding through the currency headwinds.
Fixed line churn is the real problem here, not the fibre rollout. Vodacom's got better pricing power in mobile and their network's just cleaner, so TKG's stuck cost-cutting while trying to fund capex. Debt reduction's something but if they can't grow revenue and the dividend stays under pressure, 54.59 starts looking like the price the market thinks it deserves, not a bargain.
Walls going up and down like a braai fire, eish. Someone's playing games.
shp's holding like the proteas in a test match, not flashy but won't collapse
The cobalt story is real, but let's not forget half their cash comes from zinc which is getting properly squeezed. 121.50 is decent value if you believe the dividend holds and copper doesn't crater, but that 125 level matters because it's where you start seeing proper upside momentum rather than just yield chasing. The diversification argument only works if none of the commodities completely collapse at once, which obviously can happen.
anyone grilling this weekend or is load-shedding killing the vibe
@easy_money_sa what's stopping them from cutting the dividend if metals stay under pressure though
SHP's been like the Boks in the second half, just grinding it out.
The dividend yield sitting where it is makes sense given the margin pressure from competing with Dis-Chem and Pick n Pay on essentials, but the cash generation is still solid enough to justify holding. Food retail's defensive play and SHP's scale means when things get tight, they're the ones who survive it. At 287.00 the valuation's not screaming value but it's not broken either.