Calgro M3 HLDGS (JSE: CGR)
- Open
- R3.80
- Prev Close
- R3.80
- Day High
- R4.00
- Day Low
- R3.80
Key statistics
| Market cap | R382M |
|---|---|
| P/E | 2.4 |
| EPS | N/A |
| Div yield | 2.15% |
| 52W high | R5.75 |
| 52W low | R3.30 |
| Volume | 31K |
| Listed | N/A |
Price and fundamentals data is supplied by EODHD, with Yahoo Finance as a fallback source. Sentiment is computed by StockTalk SA from 26 live member stances recorded by registered members on this page.
CGR's been range-bound around R3.40 for a while now, which suggests the market's pricing in the housing demand headwinds and construction costs that won't ease soon. The dividend yield is decent if management holds payout, but without meaningful revenue growth or margin expansion
Picked up some CGR at 3.50 because the property developer's dividend yield at current levels is decent, but I'm not expecting fireworks from a sector that's been treading water.
CGR sitting at R3.70 with those property headwinds still there, but are we pricing in any recovery in the residential pipeline or is the market just writing off the whole sector? Their dividend got slashed which stings, but the yield's decent if they stabilise the balance sheet.
CGR at R3.67 is still dealing with the property headwinds that have plagued the whole sector. Until we see revenue stabilise and debt levels come down, I'm staying on the sidelines despite the cheap valuation.
Took a nibble at CGR below R4 because the housing backlog story hasn't changed despite the share price getting hammered, though I'm under no illusions about execution risk in this space.
CGR at R3.82 is pricing in a lot of pessimism on the residential developer cycle, but the dividend yield remains attractive for patience if they can stabilize margins through this downturn. The balance sheet will be the key watch here: if debt ratios blow out, the payout gets cut
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.