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BAT at R2.10 is pricing in deep distress, but the dividend yield at that level starts to look interesting if management can stabilise the property portfolio. The real question is whether they've truly bottomed or if there's more deleveraging pain ahead.
Interesting numbers on the portfolio side, ngl. The valuation swings so hard depending on what happens with their bigger holdings, and at R2.08 you're basically pricing in a lot of downside already. My reading of this is the real test is whether management can actually unlock value from these assets or if we're just holding bags while they shuffle things around. fwiw the spread between NAV and share price used to mean something but these days feels more like a red flag than a buying signal.
honestly brait's been taking a hammering but at R2.08 you're getting a decent discount on what the assets are actually worth. the real question is whether management can actually unlock value from their portfolio or if we're just holding dead money. looking at their stakes in the businesses they own, there's potential but it needs execution and that's where they've struggled before lol
Brait's been grinding lower for years and today's -0.89% is just noise in a much bigger story. The company's capital structure remains a headwind, but if they can unlock value from their property portfolio and show disciplined capital allocation over the next 18-24 months, there'
BAT up 1.83% today, nice little gain. Is this the start of a recovery run or just a temporary bounce like a striker getting one good touch before losing the ball?
BAT up 2.28% today to R224, that's nice? But is the price actually cheap compared to what the company makes, or am I missing something about why it's moving?
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
Current R 2,25 — 50% of range
Fundamentals sourced from JSE disclosures. Updated quarterly.