Bytes Technology GRP (JSE: BYI)

r99.71 now, well looky look!

99.71, knocking on 100's door now

Back to 96.52. Frustrating as hell though.

96.52 now, down a bit today.

94.60 now, down again today eish.

Down to 94.60, rough day lol

94.60 and bleeding. Not convinced yet.

96.14 now, bit of weakness today.

96.14 now, down a bit. Holding?

96.14 now, down 2.27%. Eish.

BYI at R94.50 is carrying a fat valuation multiple for a software distributor, and the recurring revenue model only half-justifies it if growth stays north of 15 percent. I'd want to see margin expansion or a solid earnings surprise before chasing further up.

BYI down 0.76% to R90.15 today, but the selloff feels overdone given their consistent revenue growth this year.

BYI dropped 0.58% but the tech distributor's valuation still looks stretched at current levels given the margin pressure in the sector. Revenue growth needs to accelerate meaningfully to justify where this is trading relative to peers.

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.