Scandi64

Fish prices are under pressure globally, rand weakness helps exports but their margins are getting squeezed. Need to see volume growth or a big contract to justify holding at R8.21, otherwise we're just treading water here. The aquaculture side is where the real upside is if they can scale it properly.

ITE sitting at R9.13 and housing market still in the gutter. Thing is, load-shedding killed reno spending but once construction picks up again they're positioned to print. Needs volume off a decent contract win, that's the catalyst we're waiting for.

ISO sitting at R110.35 and honestly the medical isotope play is solid long term but we need to see actual revenue growth from new contracts. Company's got the tech and the market demand is there with all the hospitals needing these products, just needs to land some proper deals to justify the valuation.

rand's been hammered again, that flows straight through to the index. when the currency stabilizes we'll see some relief but right now everything offshore gets more expensive. need to see some actual earnings growth from the big caps or this stays under pressure.

fibre capex is necessary but it's bleeding them dry in the near term, mobile margins getting crushed by vodacom. need to see them actually win back enterprise contracts and stabilize consumer fixed before this moves. dividend's decent at these levels but won't get excited till management shows they can grow subs again, not just cut costs.

retail getting hammered but tfg holding up better than most, stores still moving stock. problem is margins tight with load shedding costs eating in. need to see if they can actually grow earnings or just shuffle things around, price at r66.98 aint bad if they sort the operational stuff out

margin story is real but closures should be behind us now, question is whether they can stabilize the base and grow earnings again. rand knocked them around last year but if they hold cost discipline and foot traffic stays okay through winter, could be worth sitting with. need to see decent h1 numbers though, if they disappoint again then we're back to square one.

r175.91 now, slow grind up. lekker

@jozi_janet dividend looks thin right now though, what's the actual yield worth waiting for

Sitting at R300 and change, SHP's been range bound for ages. Margins are getting squeezed between load shedding costs and wage pressure, retail's tough right now. Need to see same-store sales actually grow and not just rely on price hikes to bump the numbers. Till that happens this is a hold at best, let's get a contract, once the deals start then it will run simple as that.

@scandi_jse64 rates aren't staying high forever though, inflation cooling down fast

Dividend yield still looks decent at these levels, ngl. Question is whether earnings hold up if rates stay high.

absa's got decent upside if they can keep net interest margin up while loan growth stays solid. big four banks all cramped but absa's credit quality is holding better than the rest. issue is rate cuts coming, gonna squeeze margins. need to see earnings surprise to justify pushing past r260.

industrial portfolio is actually doing work while retail gets hammered, that's the saving grace here. distributions still solid so the yield isn't fake, just need the rate cycle to turn and some actual tenant demand to come back. at r17.62 not bad if you're playing the long game, once the portfolio stabilises properly then it runs.

absa sitting pretty at r253.53, broke through that r250 resistance. balance sheet is solid compared to the others, dividend yield still decent. need to see if they can grow loan book without hammering credit costs, that's the play here. let's get a contract with a big customer and then it will run, simple as that.

R4744.36, nice little push today

CLS holding up okay at R239.93 but needs revenue growth to justify the valuation, not just same-store comps. Pharmacy side is solid but beauty margins getting squeezed. Let's get a contract with one of the big corporates for wellness programmes, once the deals start then it will run, simple as that.

Let's go SOL, run it

@sextant_za ja spot on, yield's the only thing holding it up tbh

Zinc's been weak and that's dragging GLN. Copper's okay but cobalt's the real question mark, depends on EV demand staying solid. Gets back above R125 and holds it, then we're cooking. Otherwise just waiting for China to sort itself out or a decent contract announcement.