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BAT closing down 2.27% today likely reflects broader rand weakness working through the portfolio value of this dual-listed play, though the dividend yield at current levels remains compelling for ZAR-based investors seeking a hard currency cash stream. The real question is whethe
Brait trades at a significant discount to embedded value compared to its listed peers, yet the market continues pricing in perpetual deleveraging risks that feel overdone given the cash generation capacity of the underlying portfolio assets. Against Mediclinic and Pepkor Holdings
Looking at Brait's latest segment reporting, the fashion and home portfolio continues to hemorrhage cash while management keeps insisting on 'strategic repositioning'. Has anyone actually modeled out what the debt service requirements look like post-disposal of the non-core asset
Everyone's selling the dip on BAT, but the dividend yield at these levels is looking lekker attractive for a long-term hold, especially with the P/E not screaming overvalued. The -1.38% is just noise if the fundamentals still support the payout.
Took profits on a third of my BAT position at R213 after the 1.84% pullback today, given the valuation compression we've seen and the elevated interest rate environment making my property equity allocation more attractive on a risk-adjusted basis.
BAT down 0.92% to R215 today - is this the market pricing in more headwinds on the consumer side, or just noise? Their restaurant exposure in this environment feels like carrying extra weight.
Brait at R218 is still pricing in serious restructuring risks. The retail portfolio drag hasn't lightened enough to justify holding at these multiples.
Brait at R214 down 0.93% feels like noise—their property portfolio still printing cash, but that debt load keeps me from adding more.
At R214, Brait's down 0.93% but I'm thinking longer term here — this company's been restructuring for years and the real question is whether management can finally deliver on those turnaround promises or if we're just throwing good money after bad. Fashion retail in SA is brutal