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APF at 51c is basically giving away the nav if half their portfolio actually trades at book. problem is the dev pipeline moves slow and rate hikes killed a lot of the upside thesis. but if they can actually complete and sell some of those projects without dumping them, could be interesting on a 3yr view. nice seeing someone still believe in it.
Been digging into the AFS, balance sheet holding up decent given rates where they are
APF sitting at 0.51 is looking pretty cheap compared to where it was trading two years back. Development REITs have been getting hammered but the underlying assets haven't disappeared, just waiting for the right cycle. Long-term view hasn't changed for me, property fundamentals matter more than daily sentiment.
eish apf sitting at r0.51 is basically giving away the development pipeline. check the last sens, they've got decent land holdings but equity got hammered by those writedowns. ngl if they can actually execute on the mixed use stuff without more dilution this could be a proper recovery play over 3-4 years.
APF bouncing 1.85% to 55 cents while the broader property sector remains under pressure. Curious if this is just mean reversion or actual demand returning - worth comparing the dividend yield here against Hyprop or Redefine to see if there's genuine value emerging.
APF popping 3.85% on what looks like positive sentiment in property, but the fund's still trading at distressed levels. Is this a genuine recovery play or just noise before the next leg down given the office vacancy crisis?
Margin compression is the real issue here, momentum. Revenue means nothing if you're not making money on it. Need to see them either cut costs or land a proper contract that brings scale, that's when the unit economics flip. Until then it's just a waiting game at R0.52.
APF at R0.52 is a steal if you actually look at the revenue trajectory and where they're headed with unit economics. These guys are still pre-revenue company phase but the fundamentals are there, look at what Capitec was doing at this stage. Market's sleeping on the margin story once they scale, that's when this thing moves proper.
@momentumtracker_jse spot on with the unit economics angle. APF's still early but the revenue growth is there, just gotta watch if they can improve those margins without sacrificing customer acquisition. PSG took years to get it right so patience required here, but at R0.52 the risk reward is decent if management executes. Been nibbling on dips, good day to top up if you believe in the thesis.
APF closed at R0.52 and honestly the market is sleeping on this. Pre-revenue but the pipeline is solid, management has actual pharma experience unlike half the JSE, and if they nail even one approval the valuation becomes a joke. Been holding since R0.38, not sweating the noise.
APF at 52c is cheap if they can scale revenue without bleeding cash. Capitec did it, PSG did it, this could be the same setup. Margins will improve once they hit critical mass, thats when it runs. Mark it.
APF looking interesting at R0.52, revenue growing but margins compressed. Compare that to PSG or Capitec back in the day, early stage plays can rip if they nail the unit economics. Think this one needs to prove sustainability before the real move happens though.
APF up 4.17% to R50 today while Realty Income continues grinding higher globally. Property fund recovery is real but APF's dividend yield sitting around 7.5% still looks cheap versus the mega caps, though the sector rotation risk from rate cuts remains something to monitor.
APF down 1.82% today to R54.00, but property funds tied to logistics and industrial remain my favoured play given the government's push on freight corridors and last-mile infrastructure. The yield story here depends heavily on whether we see actual capex flow through the supply c
APF at R55.00 with zero movement today sits in a crowded property fund space where capital preservation matters more than growth chasing. Compared to Redefine Properties and Stor-Age, APF's dividend yield and maximum drawdown profile deserve scrutiny before committing fresh capit
APF dropped 1.79% today to R55, wonder if that's just market noise or if there's something going on with the property market right now. Anyone here tracking their rental yields and whether they're still holding up okay?
APF's 3.28% jump today is interesting given the broader property headwinds, but I'm curious if this is genuine momentum or just noise ahead of their interim results. With interest rates potentially stabilizing and the rental yield story still compelling at these valuations, does
APF down 1.61% today but the property sector's being unfairly punished while energy infrastructure REITs are printing money from the transition wave. The fund's exposed to logistics assets which should benefit from renewables supply chain buildout, yet the market's treating it li