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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 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.
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 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.
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!!!
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
CGR trading at R420, down 1.87% today, but the residential play still offers better yield potential than most property peers when you factor in their housing project pipeline and land holdings. Unlike the office-heavy REITs getting hammered by remote work trends, Calgro's focus o
CGR down less than 1% today so not too worried, but I'm trying to understand if the property developer story still works with all these interest rate hikes. Anyone else holding this or should I be looking elsewhere for housing exposure?
CGR down less than 1% today, which is basically noise in a sector that's been repriced for rate cuts. The real question is whether management can actually convert that lower cost of capital into margin expansion on their developments.
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.