to join the discussion
ANH trading at R1301.53 is still nursing the hangover from macro headwinds and consumer spending pressures across emerging markets. The dividend yield remains attractive for patient capital, but until we see revenue stabilization in key territories and operating leverage improve,
Good Morning Everyone. ANH closed R1306.49, down from highs near R1400 earlier in the year. Earnings multiples looking stretched against global beer peers, especially with load-shedding hammering local production costs. Long term the dividend yield is there but near term price action suggests more volatility coming.
Look the rand weakness is killing the rand hedge story for now but ANH still printing decent volumes offshore. At R1306.49 you're paying what, 18x earnings on a brewer that's got pricing power and a moat the size of Africa. Yeah there's pressure but this isn't a broken business, just a bit out of favour.
interesting numbers on the last set, ebitda margins held up better than i expected given load-shedding costs. fwiw the dividend yield at r1306.49 is looking decent if they keep the payout policy steady, but the rand weakness is a double edged sword for export earnings. could be wrong but the sell off feels overdone relative to the actual damage.
ANH down 1.10% to R124,300 today, which is par for the course given the rand weakness and consumer spending pressures we're seeing locally. The offshore revenue exposure is a legitimate hedge for the group, but SA's struggling middle-income consumer means domestic volume growth r
Just grabbed more ANH at R125688 because I'm not touching my beer budget anytime soon and the stock picked up 2.69% today, so why not own a slice of what I'm drinking anyway.
ANH dropping 1.17% today, eish. But you know what, sometimes the best teams lose a match and bounce back stronger next week hey.
ANH down less than 1% today but honestly the beer industry is getting squeezed with all these craft brands popping up, their margins aren't what they used to be. Still wondering if the dividend is enough to hold through the downturn or if I should rotate to something else.
ANH down 0.61% today at R122614 but the real story is whether they can keep margins intact as input costs stay elevated. Trading at these levels, you're pricing in some recovery but I need to see earnings beat before I get excited.
ANH at R123k is pricing in a lot of optimism given the margin pressure from input costs across SA operations. That 0.54% bump today feels like profit-taking before earnings.
ANH at R122,505 creeping up 0.89% while the beverage sector treads water — difference is their scale just carries them higher regardless. Compare that to Distell, and you see ANH's got the machinery that keeps printing money even when volumes flatten.