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BEL down 1.3% today but the selloff looks overdone given the equipment rental cycle is turning. Balance sheet is cleaner than it was two years ago and if construction activity picks up even modestly, there's decent upside from R38.
BEL down 0.72% to R34.70, which is pretty unremarkable noise given the broader industrial equipment space is under pressure. Comparing to Trellidor, BEL's trading closer to book value while TRL commands a hefty premium, so there's either hidden value here or the market knows some
Did some homework on BEL over the weekend, balance sheet's solid
Good Morning Everyone. BEL sitting at R35.00, market cap around 3.967bn, heavy exposure to gold mining equipment and services. Gold's been resilient so there's tailwind there, but the margin pressure from rand weakness cuts both ways on input costs. Long term if gold stays above 2k usd per oz the mining capex cycle should keep ticking, that's where the real money is for BEL.
bel's been dead money for a while. gold exposure should be a tailwind but mining capex is weak right now, equipment sales not moving. r35 feels fair but where's the catalyst. unless rand tanks or mines actually expand, hard to see this rip.
BEL GOLD EXPOSURE IS INSANE RIGHT NOW, LOOK AT WHAT HAPPENED TO OTHER MINING EQUIPMENT PLAYS WHEN BULLION RAN. R35.00 IS A STEAL IF YOU BELIEVE GOLD STAYS STRONG. BEST IS YET TO COME!!
BEL catching a bid at R38 this morning, up 2.7%. Anyone else noticing the equipment rental demand picking up, or is this just noise ahead of earnings?
Gold prices holding strong and BEL's margins should follow. Mining capex cycle is picking up, these guys supply the gear. R150 this week minimum, mark it.
BEL sitting at R38.00, mining gear plays always need contracts to move. Gold price holding up so demand should be there, but until Bell lands something tangible with one of the big ops, it's just treading water imo. Let's get a contract, once the deals start, then it will run.
BEL sitting at R38 with gold doing what it does, but the real question is whether they can actually grow earnings or if we're just riding the commodity wave. Mining capex cycles are brutal, and if the majors pull back on equipment spend, BEL gets hurt hard. That said, they're not some penny dreadful, they've got actual contracts and recurring service revenue to lean on when spot goes quiet.
bel getting hammered because gold price isnt moving but fundamentals on the equipment side are solid. biggest play here is when rand weakens again, those mining capex budgets open up and bell becomes the only real distributor with the service network. r38 is where patient money sits.
bel's been hammered but gold is still doing its thing globally, so the mines aren't going anywhere. r39.00 is pretty beaten down from where it was, reckon if gold stays strong the equipment suppliers eventually follow. heavy machinery plays are cyclical but with load shedding and mining being one of our few real exports, long game could be decent.
Bell's been hammered because gold's not printing money like it used to, but R39.00 is getting interesting if you believe the rand stays weak and mining capex actually happens. Equipment supplier to mines is a boring business until it isn't, then it's brilliant. Patience game.
BEL's got decent exposure to gold capex cycle but man, that R39 level is getting tested hard with rand weakness eating into margins. Equipment suppliers always bleed first when mining sentiment turns, ngl. If gold stays strong at least there's some floor there but the balance sheet needs to show better cash generation next results or this could drift lower.
Bell Equipment at R4150 is trading at a reasonable valuation relative to industrial peers, and with equipment demand recovery accelerating across mining operations, the dividend yield becomes attractive compared to the broader industrial sector. The +0.88% move today feels conser
The -2.03% pullback in BEL feels overdone given that equipment demand from the majors remains robust as gold hedging intensifies and rand weakness actually improves export competitiveness for mining input suppliers. Investors are throwing out the baby with bathwater here; the cur
BEL at R4300 (+2.65%) is still tracking way below where it should be if Sibanye's acquisition actually closes - problem is the deal's been in limbo for months now, which kills momentum. Either this pops hard on deal completion or it keeps grinding sideways while shareholders blee
BEL up 1.22% to R4150 today. Gold strength helping, but need to see if they can actually deliver on those Duketon grades they've been talking about.
R4150 feels stretched after today's pop. Gold's been quiet but BEL keeps climbing—where's the fresh catalyst that justifies this momentum?
Current R 38,53 — 50% of range
Fundamentals sourced from JSE disclosures. Updated quarterly.