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Picked up more CMH at 38.48 after the recent pullback because the dividend yield is sitting around 8% and the auto retail cycle tends to recover sharply once credit conditions ease, though I'm not ignoring that consumer spend remains choppy.
CMH's been grinding higher on what looks like steady demand, but with the consumer under pressure lately I'm wondering if that 0.85% today is just noise or if there's actually legs to this move. Anyone seeing improved foot traffic at the dealerships or is margin compression still
CMH up just over 1% today but the dividend yield is sitting around 6.5% at current levels. Anyone else concerned about whether they can sustain those payouts given the pressure on new vehicle sales, or are we confident management has sorted the cash flow issues?
CMH's up 1.65% but this looks like a bear trap given the headwinds in discretionary spending and used vehicle inventory pressure. The market's pricing in recovery too early when dealer margins are still being squeezed.
CMH bouncing 4.85% today, which is decent given the broader consumer headwinds we're facing. Stock's been beaten down enough that any hint of inventory normalisation or margin recovery could push it higher, but let's see if this holds above R39 or if it's just another relief boun
Pulled the latest results. Balance sheet holding up ok, sales pressure real though
been digging through the CMH financials and the vehicle sales numbers are pretty grim, margin compression is real with all the discounting happening across the sector. dealers like Optimal and Westlake both getting hammered same way so it's not unique to them but the question is whether they can cut costs fast enough before the credit cycle gets worse. holding at R37.51 feels like you're betting on a recovery that might take 2-3 years minimum, maybe longer if interest rates stay high.
cmh sitting at r37.51 and honestly the dealer network's been under pressure with load-shedding killing foot traffic. long game tho, soon as the lights stay on and folks start buying again this thing could run, ngl the balance sheet's solid enough to weather it. glta
CMH sitting at R37.51 but dealer margins getting squeezed hard. New vehicle sales flat, used car market saturated. Unless they pivot to service revenue or cut costs proper, this is just dead money for the next 18 months.
CMH sitting at R40.06 is decent value if you look at what theyre actually moving through those dealerships. Volume's been solid even with load-shedding killing foot traffic, means the guys who do show up are buying. Good day to top up before the next earnings surprise imo, not selling at these prices.
cmh sitting at r40 and dealers are actually shifting stock again. rand weakness helping exports but domestic demand still weak, ngl. if they can keep fcf positive and not blow cap on expansion, could work. long game though, not a quick flip.
CMH sitting at R40.06 feels like value when you consider the dealership network still moves real volume despite the economic squeeze. Locally we're not seeing the same margin recovery as Bidvest Auto but the used car market keeps CMH afloat in a way that pure retail can't. Positioned perfectly for when the rand stabilizes and credit appetite comes back.
cmh's balance sheet looks decent compared to where it was two years ago, cash position helped them weather the rand weakness. dealership stocks like this always get hammered on recession fears but the vehicles still need selling. long-term view hasn't changed, loadshedding's more of a threat to sales than anything else right now.
CMH down 1.12% today but still trading above the 200-day moving average. Is this a dip to load up on given the resilience in vehicle sales, or are we overthinking a structural slowdown in the sector?
CMH SITTING AT R39.68 AND NOBODY TALKING ABOUT THE AUTOMOTIVE RECOVERY COMING!! DEALERSHIP NETWORKS LIKE THIS PRINT MONEY WHEN INTEREST RATES DROP AND CONSUMER CONFIDENCE RETURNS, LOOK WHAT HAPPENED TO SIMILAR PLAYS GLOBALLY!! MASSIVE UPSIDE FROM HERE, LFG!!
CMH got hammered on the automotive cycle but the dealership network is still solid. At R39.68 theres decent value if you believe the new vehicle sales recover once load-shedding eases up. I've been nibbling on dips, put an order at R38.50 last week and got filled on a chunk. Not selling at these prices, the upside when the market turns is worth the wait.
cmh getting hammered on used car weakness and interest rate pressure. dealer networks bleeding cash when credit demand drops like this. at r39.68 who's actually buying here, sentiment is cooked.
cmh closed at r39.68 yesterday and honestly the dealership game is brutal right now with interest rates still high. but the company's got solid market share across the provinces, way better positioned than some of the smaller players. if rates come down next year could be a decent recovery play for patient holders imo
CMH jumping 3.14% today, that's lekker to see for a Monday, wonder if the dealerships are finally picking up some momentum.
CMH taking a knock today at R3821 but the automotive sector's energy transition exposure is where the real story sits. The OEM supply chain transition to EVs could reshape margins over the next three to five years, though near-term consumer weakness from load-shedding disruptions
Current R 39,45 — 50% of range
Fundamentals sourced from JSE disclosures. Updated quarterly.