Araxi Limited

AXX +2.4% and vol is picking up. R210.00, watching the close.

Added to my AXX holding at R192 despite today's minor pullback, as the 4.2% yield remains attractive relative to the industrial sector average and the dividend cover of 2.1x suggests management has room to sustain or grow distributions without compromising capital expenditure.

Araxi down a tiny bit today at R192 but honestly that's just noise when you looking long term. Our stokvel been holding these industrials for the dividend income, not the daily jumps up and down.

AXX up 3.72% to R195 feels like relief buying on no real news. Earnings haven't justified this valuation since Q2.

Sold half my AXX at R188 this morning—down 1% is fine timing, but the industrials rotation into healthcare looks more promising right now.

AXX down 1.05% to R188 today - is this just noise or are we seeing real weakness in their order book? Anyone holding through earnings or taking profits here?