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EPE sitting at R5.55 with most of the portfolio stuff still unlisted, so you're basically betting on management's ability to unlock value over time. ngl the illiquidity is a feature not a bug for a hold, but nav per share needs to actually move for this to make sense long term.
nah but epe at R5.55 is starting to look cheeky, especially if they keep finding decent unlisted assets to bolt on. private equity outfits work when the boss actually knows where to dig and doesn't just shuffle paper around.
mate, EPE sitting at R5.65 but the nav per share is what, north of R8 on the last reporting? that's a proper disconnect. problem is nobody knows what half these unlisted holdings are actually worth, could be zombie assets or could be diamonds. private equity black boxes like this need real price discovery and they're just not getting it on the JSE.
Look, EPE is pre-revenue but the fundamentals on the PE side are there, comparing this to how Brait looked in 2010 before they went massive. Balance sheet is clean and management knows how to find value in unlisted stuff. Bears shorting at R5.65 are impatient, this compounds over years not months.
EPE's got the pace of a Pirates midfielder right now, all promise no delivery
EPE's nav per share keeps getting hammered and the portfolio companies aren't pulling their weight, ngl. At R5.65 you're basically buying a bag of unlisted assets that nobody's pricing in properly. The thing is if they get even one decent exit in the next couple years it could rerate hard, but that's a big if. Better plays out there for now imo.
epe sitting at r5.65 is basically asking you to bet on them finding diamonds in the rough while the rand tanks. private equity plays are marathon races not sprints, so if you're here for quick moves you'll just get frustrated and sell at the bottom like everyone else does.
EPE's been a slow burn but the nav per share tells a story if you actually look. Compare that to what Bravado or Ethos are trading at and you realize the market's not pricing in what's sitting in that portfolio. Rand weakness helps too if they've got offshore assets. Patience required but positioned perfectly for the next cycle.
EPE popping 4.17% to R6.00 is decent momentum, though the fintech space is getting crowded with better-capitalised players like Investec still trading at more attractive valuations. The dividend yield on EPE needs monitoring if this rally holds, otherwise I'm treating it as a rec
EPE up 2.56% today but I reckon this bounce is just noise before the next leg down. Financials sector is under pressure and this outfit hasn't shown me enough on earnings growth to justify holding above R5.80.
EPE closing at R5.92 is frustrating as hell though, feels like we're treading water on the private equity side. NAV per share should be way higher given the portfolio quality but the market just doesn't rate unlisted asset plays like this. Gonna be shocked if we don't see some decent moves once they get a decent exit or two out the door, that's where the real unlock happens.
reading the latest sens release, epe's nav per share is still underwater vs the listing price. the issue is they're holding a lot of illiquid stuff and the rand weakness is hitting their offshore exposure. decent management team but you're basically betting on some of those unlisted positions doing something in the next 2-3 years. at R5.92 there's maybe some value if you believe in the portfolio but it's not a quick trade.
EPE up 1.53% today and holding above the R5.99 level, which is decent given the broader market sentiment in financials. Haven't seen any major catalysts yet though, so I'm waiting for earnings or an actual dividend story before getting excited.
EPE down 1.32% today but the market's being too harsh on the financials sector right now, especially for a diversified player like this. The pullback looks overdone given their asset base and the fact that rate cuts are likely coming through 2025.