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BYI at R90 trades on a decent revenue multiple relative to Naspers, but lacks the scale and margin profile. If they can actually convert that IT services growth into operating leverage instead of just chasing top-line, then maybe there's a case, but I'm not convinced yet.
BYI popping 1.84% on the back of decent sector momentum, though that P/E is still looking stretched at current levels so not jumping in just yet.
BYI sitting at R86.90 is pretty cheap for a tech distributor with their client base ngl. Yeah volume is thin and load-shedding hit everyone but the fundamentals in IT services aren't disappearing, corps still need to upgrade infrastructure. Could easily see R150 this quarter if they post decent numbers, mark it.
could read as the distribution side is getting squeezed but their solutions business should be higher margin, problem is the MD&A doesn't really break that out clearly enough to know if management is actually shifting the mix or just hoping. at R86.90 you're not getting paid much for the turnaround if it even happens
BYI sitting at R86.90 and the IT distribution game in SA is just brutal right now, margin compression everywhere. Reckon they need to show some actual earnings growth next results or this stays range-bound, corporates aren't exactly splashing on tech upgrades with load-shedding and the rand getting hammered.
BYI closed at R86.90 but revenue growth has been pretty flat last couple years, distribution arm not pulling weight like it should. Compare that to Mustek or even Dstv's tech side and you see the gap. Waiting to see if they can actually turn the solutions business around or this just grinds sideways.
BYI sitting at R80.28 and people still crying about margins. Look at what Bytes is doing in the enterprise distribution space, that's a sticky moat once you lock in corporates. Revenue growth is there, cash conversion is improving, and we're not even at scale yet on the software side. This is a 3-5 year hold minimum if you can't handle the lumpy quarters.
BYI closed at R80.28 but the distribution game is brutal right now, margins getting squeezed everywhere. Need to see better leverage on their solutions side to justify the price, not just shift boxes. Watching how they perform against the big offshore players who are starting to circle SA harder. Fundamentals matter more than the technicals on this one imo.
Good morning everyone. BYI closed at R80.28, still down from those highs earlier in the year. Margins in IT distribution are thin so the real question is whether they're winning market share off competitors or just treading water. Worth reading their latest sens to see if pipeline is actually building.
BYI's distribution model puts them in a decent spot versus pure software plays like Altron, but the margin compression on hardware keeps me watching closely. If they can shift more revenue to services and recurring contracts like Datatec's managed offerings, the R80.28 entry looks reasonable for a 3 to 5 year hold. Local IT infrastructure spend should stay resilient even if the rand wobbles, and load-shedding paradoxically drives more cloud migration. Positioned perfectly for that shift if management executes.
BYI's been getting hammered but ngl the distribution side still has legs if they can land one decent enterprise contract. Problem is the margin pressure from competition and load-shedding eating into capex budgets. Let's get a contract, once the deals start, then it will run, simple as that.
honestly byi has been a bit of a slog lately, closed at r79.80 and feels like we're just treading water. the distribution side should be solid but i'm not seeing the growth story that gets people excited, especially compared to what some of the other tech plays are doing. if they can actually show earnings momentum next quarter maybe the narrative changes but rn it's a hold and wait situation for me lol
BYI popped 2.33% today to R83.12, which is decent momentum for a tech play that's been hammered lately. Need to check if this is just short covering or if the fundamentals actually shifted on the earnings side.
BYI breaking through R85 with that 5.22% pop today, looking decent on the technical side. If they can hold this momentum and the P/E stays reasonable, there's still room to run here.
BYI SITTING AT R80.78 AND NOBODY TALKING ABOUT THE DISTRIBUTION MOAT HERE!! THIS IS BASICALLY WHAT ALSO DID BEFORE THE RUN, RECURRING REVENUE FROM CORPORATES LOCKED IN, LOAD SHEDDING MEANS MORE IT INFRASTRUCTURE SPEND NOT LESS!! R120 MINIMUM IN 12 MONTHS, BEST IS YET TO COME!!
BYI sitting at R80.78 and distribution play like this should be benefiting from corporates needing to refresh their kit. Problem is the rand weakness kills margins on imports but locally sourced stuff could be the winning move. If they can shift mix away from hardware into higher margin services, could be lekker for patient money over next couple years.
BYI sitting at R80.78 and the distribution game in SA is still broken enough that anyone with half a brain and decent margins prints money. question is whether they can keep clients locked in when the big globals start sniffing around. catch the express train or get left holding the bag.
BYI closed at R80.78 and the IT distribution space is quiet but solid. These guys have steady revenue streams from corporates and institutions, not sexy but not fragile either. If rand stays reasonable and load-shedding doesn't kill business completely, there's room to run here long term. Good luck everyone.
Current R 89,87 — 50% of range
Fundamentals sourced from JSE disclosures. Updated quarterly.