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CGR down 3.18% today but I'm not convinced the market is fairly pricing in the structural headwinds this developer faces with rising interest rates still crunching mortgage affordability. The dividend yield might look attractive on paper, but I'd rather wait for more evidence of
Topped up my CGR position at R450 this morning despite the minor pullback, because the residential development pipeline remains robust and I reckon the rental reversion tailwinds in their sectional title portfolio will drive earnings accretion once interest rate relief kicks in.
CGR sliding 1.06% to R465 feels like noise—real question is whether that new estate pipeline they announced last month actually converts or stays vaporware like the last three promises.
CGR at R465 is getting hammered by load-shedding pressures on construction costs, but if they can secure the Waterfall mixed-use development and push through their pipeline, the company's got real asset backing. Long term, the question is whether they pivot hard enough to afforda
CGR at R470 after that 2.84% push today - is this finally breaking out of the sideways grind or just another dead cat bounce? Property market's been rough.
CGR at R457 dropping 1.72% today but the residential pipeline in Gauteng is solid—if they can manage debt properly and keep unit sales moving, this could run. The housing shortage isn't getting better, so demand should stick around.