Firstrand (JSE: FSR) share price, discussion & sentiment

Volume still light at this level, institutional desk probably waiting for confirmation above R100 first

@mogale_morning what makes you think it sticks there, earnings report coming?

Need some Springbok forward pack energy to break through that R100 wall

@mumu_data yep, institutions waiting for a dip

@k_maphosa what you mean then what, rates starting to come down no, thats lekker for the banks

@mumu_data thin volume could mean institutional guys are waiting for earnings though, ja?

@trpine_patient so close man, lets see if we break through

@momentumtracker_jse yep, R100 looks sticky today

Hello R98.96, almost there

closing in on 100, then what

Good Morning Everyone, FSR holding above R98 on thin volume this morning, institutional buyers quiet so far

Big wall at R100, algos not letting this run easy

rim holding up better than peers is fair, but wesbank margins are getting squeezed too if you're paying attention to the fine print. question is whether the dividend yield justifies sitting through another year or two of rate holds. fsr's a quality franchise but at r98 you're not getting a bargain anymore.

@jse_tttrading rate cycle pivot could take time but franchise holding strong meantime

fsr's been solid through the rand swings, nem's holding the margin better than i expected. wesbank's been the workhorse, vehicle finance keeps printing. think the market's worried about rate cuts that might not even happen for another year or two, which is why the dividend yield looks juicy right now. don't even check the sp, come back in 6 months.

@jse_tttrading rate cycle could take a while ja, but the dividend keeps you whole in the meantime

Springboks down at halftime, still backing the comeback

@jse_tttrading exactly, franchise too strong to sweat this

@jse_tttrading when's the rate cycle actually turn though, could be years still

rand weakness is real but fsr's net interest margin is holding better than peers like standard bank, and when you think about what wesbank alone generates on vehicle finance it's hard to see the downside from here. dividend yield plus franchise strength, positioned perfectly for when the rate environment settles.