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@julianreins_jse what about the debt levels though, getting worse or stabilising?
@julianreins_jse spot on, retail always sells the dip before reading the actual numbers. BAC's margin pressure is real but not terminal, and if the rand weakness sticks around that FX tailwind alone justifies R3.50. Seen worse recoveries than this.
bac sitting at R3.50 but balance sheet still looks weak compared to the majors. earnings haven't justified the price in months. what's the actual catalyst here or we just holding bags.
BAC sitting at R3.50 is mental value if they can sort the balance sheet out. They've got decent assets on the books but the debt ratios are what's keeping it pinned down, similar situation to where PSG was two years back before the turnaround. Long term play if management actually executes, could see this double once they prove the operational stuff works. GLTA
@julianreins_jse spot on, the rand weakness actually helps BAC's export side and most people sleeping on that. Margins are still solid if you look at the actual numbers not just the panic selling. At R3.50 this feels like where the smart money accumulates before the next leg up imo.
Need some Bulls momentum at R3.50, GLTA
BAC sitting at R3.50 is where you'd want to be accumulating if the rand stays weak. Check the latest SENS filing, they're still guiding on volumes through Q4 and margins haven't collapsed like the market thinks. Most retail here doesn't read past the headline numbers.
BAC getting hammered 47% today is brutal, but I'd need to understand what triggered this collapse before panic selling. A crypto-exposed play bleeding this hard usually means either regulatory news or a major narrative shift in the digital assets space, so worth digging into the
BAC down 47% today, eish that's a proper shellacking. Makes me wonder if the crypto stocks are getting hammered harder than the broader Tech index right now, or if this is just BAC-specific bad news?
BAC sitting flat at R975 while the crypto narrative shifts almost weekly. For those of us building wealth over decades, does the blockchain infrastructure play make sense here, or are we essentially betting on sentiment cycles that'll keep us up at night?
Staying well clear of BAC at R985 after today's 228% spike. that kind of volatility is antithetical to everything I build my portfolio around, and I'd rather sleep at night with predictable 10-12% annual returns from quality dividend stocks than chase cryptocurrency-adjacent play
Added BAC to the TFSA this month at R979.00. 5-year view, not bothered by short-term noise.
BAC sitting at R990 today after that small dip, but Bitcoin plays still got long-term juice in my opinion. Our stokvel is holding tight because the crypto story in Africa is far from over.