Calgro M3 HLDGS (JSE: CGR) share price, discussion & sentiment

CGR's down 3% today but the housing backlog narrative hasn't changed. At these levels the dividend yield is starting to look decent if management can execute on those sectional title volumes.

CGR up nearly 3% today while the broader property sector treads water, which suggests some conviction around their low-cost housing play. Trading at a decent discount to Raubex and other construction-linked names, but the dividend yield remains anaemic compared to peers pushing 8

Delivery delays killing momentum here, Aveng building faster.

cgr getting hammered on property demand fears but balance sheet still decent compared to other devs. issue is whether they can shift stock fast enough before rates stay high. if they crack r3.80 could get ugly but longer term residential is still needed in this country

property sales have slowed but their debt levels are the real issue here. balance sheet got hammered in the last few years and at r4.28 youre basically betting on a proper recovery in residential demand. comparable devs are in better shape imo

CGR's been getting beaten up but the issue is simple, no major contracts landed. They're sitting on land and projects, just need a big customer or institutional buyer to step in. Once you see that kind of deal hit SENS, this reprices hard. Problem is they're burning through equity doing it the slow way, R4.28 is starting to look interesting if management actually delivers something material in the next six months.

Good morning everyone CGR closing at R4.50 is interesting given the housing demand story still intact, especially in the middle income segment where they've got real traction. Debt levels matter though, property dev cycles are long and load-shedding keeps hitting construction costs. Worth reading their latest SENS on project completions and cash generation.

cgr looking decent at r4.50, balance sheet is solid and they're still shifting units despite the interest rate environment. good day to top up if you believe in the residential play, not many pure play developers left on the jse that aren't completely underwater.

cgr closing at r4.50 is painful, balance sheet needs some work before this bounces properly. residential market staying weak but their managed estates model could be the differentiator vs competitors if they execute. waiting for sens on cash position before getting interested again, too much leverage risk right now.

CGR getting absolutely crushed on rate hike fears but the long-term view hasn't changed. Property demand is still there for middle income stuff, just financing got way more expensive. Hard to see how bond yields stay this high with inflation coming down, so patient holders might be rewarded. R4.50 looks interesting if you can stomach the volatility.

closing at R4.50 feels weak for a developer with their land bank. who's actually buying residential in this economy though, that's the question.

CGR IS CRIMINALLY UNDERVALUED AT R4.50!!! COMPARE THIS TO WHAT AFRO AND EMPOWER PULLING IN FOR SIMILAR RESIDENTIAL PLAYS, THIS STOCK SHOULD BE TRADING WAY HIGHER ONCE THEY RELEASE NEXT EARNINGS. BEST IS YET TO COME!!!

Good Morning Everyone. CGR closed R4.50 yesterday, sitting on roughly 1.2bn shares outstanding according to last SENS. At that valuation the market cap is around 5.4bn rand, pretty lean for a developer with active projects across gauteng and kzn. Land banks still decent but need to see top line growth come through in next few results.

CGR sitting at R4.50 is lekker value if you believe in the residential pipeline. Balance sheet's been cleaned up nicely, debt down, and they're still shifting units in a tough market. Middle income housing isn't going anywhere, eish, just takes time. Long hold for me.

CGR taking a knock today at R4.25 but the property sector's been rough across the board. Compare this to Raubex or Vukile and you'll see the real estate malaise isn't unique to CGR, though their dividend yield needs watching if it keeps sliding.

CGR's 5% pop today likely reflects some relief on housing demand, but at R450 I'm not seeing the margin of safety that justifies a punt here. The embedded value in their land bank needs scrutinizing against their cost of capital before I'd consider accumulating.

CGR holding steady at R428 despite the property sector headwinds, but I'm curious whether the latest releases show whether they're actually shifting units in this constrained market or just maintaining book value through accounting adjustments. Has anyone tracking their sales vol

With CGR off 1.18% today and residential sentiment under pressure, I'm curious whether the market is properly pricing in the embedded value of completed units versus the liability duration on their debt book. Given current repo rates, has anyone modelled what happens to their NIM

CGR trading at R417 after today's 1.88% dip, but the real question is whether this developer's earnings justify the current multiple given property market headwinds. Revenue growth has been muted and with residential sentiment fragile, I'd need to see a convincing breakout above

The modest 0.71% bump on CGR today masks what I reckon is a compelling contrarian setup in residential developers right now. With bond yields finally stabilizing and the property market showing signs of selective recovery in the mid-to-upper segments where Calgro operates, the st