Grand Parade Inv (JSE: GPL)

Hello 1.65, that's a lekker pop today!

1.65, finally some life in GPL ngl

1.47 now, that's a proper hammering today.

1.47 now, ai tog. Down again?

Ouch, 1.47 now. Down quite a bit today hey.

Down to 1.48. Ouch.

1.48, that's a proper hit today.

1.48 now, eish. Down hard today.

1.48 now, that's rough. Down again?

1.48 now. That's a proper dip today.

1.48 now. Getting hammered today.

1.89 now, that's a solid pop today!

1.89 now, that's something. Green day for GPL.

1.89 and green. Load-shedding not killing the till tonight.

R1.56 now, down 3 percent. Rough day.

1.56 now. Eish, that's a knock.

R1.56, down 3% already. Eish.

GPL's been hammered down to R1.76 but the automotive retail exposure gives it a decent hedge against rand weakness, though margins are under pressure and the dividend yield looks thin until volumes recover. The balance sheet will matter more than sentiment over the next two years

GPL at R1.80 is trading at a discount to book value, but the real question is whether management can arrest the revenue decline in their core furniture division. Yield is decent around 6% if they maintain the payout, but without growth momentum the capital appreciation upside sta

Picked up more GPL at R1.76 because the dividend yield is sitting pretty and management's cost discipline on the retail side should start showing in the next earnings, even if consumer spending stays patchy.