replicant2209

BYI sitting at R80.28 and people still crying about margins. Look at what Bytes is doing in the enterprise distribution space, that's a sticky moat once you lock in corporates. Revenue growth is there, cash conversion is improving, and we're not even at scale yet on the software side. This is a 3-5 year hold minimum if you can't handle the lumpy quarters.

Look, everyone crying about the rand weakness and load-shedding hitting volumes but Mpact's got real assets, real cash flow, and they're not burning money like some JSE darlings. Yeah the packaging cycle is cyclical but at R19.60 you're getting a business that actually prints money, not a promise. Bears always miss the rebound.

Furniture retail dead but insurance play brewing

rand's been getting hammered against the dollar for months, weak fundamentals here at home aren't helping. if you're holding rand-exposed stuff without usd hedge you're just bleeding, that's not FUD that's math. long term sa needs to sort its power crisis and get competitive again or this just keeps sliding.

rand getting absolutely hammered because the fed aint cutting rates anytime soon and our reserve bank is stuck holding the bag. geezus, every time there's fed noise the dollar rips higher and we're stuck paying more for imports, hitting everything from energy to tech stocks. this is the long game though, sa fundamentals gotta improve or we're watching 20 plus for years.

Look at the nav discount and the euro industrial story, that's where the real value sits. Yeah rand's killing the repatriation but ecommerce logistics in europe aint going anywhere, rents track inflation there unlike our property market. If you're in this long term the currency drag is noise, dividend covers itself at 1.2x and they're still acquiring. WE ARE A PRE-REVENUE COMPANY... wait no, but same energy, these guys will compound proper once the macro settles.

@swordfish_sa agreed, the yield alone justifies a nibble here

@guppy_jse yep, footfall data doesn't lie

LETS GOOO PPH IS MOVING

SBK at R336.38 is still reasonable given the dividend yield and exposure to african growth. balance sheet is solid, npl ratio manageable. people panic about rate cycles but this is a 10 year hold if you're patient, not a trading stock. banks always recover.

African ops are the real story here ngl, retail banking in SA is squeezed but the continent growth is just getting started. Dividend's solid enough while you wait and the balance sheet can handle whatever load-shedding throws at the economy, beats most peers on that front.

@bullhammer_sa yep, finally some sense in here

@bullhammer_sa what's your thesis on foot traffic though, load-shedding still killing it

DSY playing like the Boks, defense holding strong today

Credit impairments still reasonable relative to peers, that's what matters here.

@jse_tttrading exactly, industrial is the play here

look PRX is bleeding rand today but ngl the emerging market exposure is exactly what long term money wants, Naspers got here first and look where they are now, we're sitting on classifieds, fintech, food delivery across Africa and Asia, that's not a lottery ticket that's a platform, R731 is noise if you're holding 5 years

@tsquared_jse good entry, thats the price we needed to see accumulate at

Look at the loan book growth and npl ratios, this bank is built different. Yeah we're down from peaks but the fundamentals are actually tightening, margins holding while others are getting squeezed. If you can't see the value at R4744 with the dividend yield where it is, can't fix stupid.

let's go spp, time to run!!