Kap (JSE: KAP) share price, discussion & sentiment

KAP's up 1.11% today but the P/E still looks stretched for a cyclical industrials play with modest revenue growth. Dividend yield is decent enough to hold, but I'm waiting for clearer earnings momentum before adding.

KAP sitting at R2.73 with that packaging exposure to FMCG and construction. Recovery play or value trap given the rand headwinds and tight margins in the sector?

Picked up a small parcel of KAP at 2.75 this morning, reckon the packaging demand should tick up once the economy shows some real signs of recovery.

KAP taking it on the chin today with that 3.87% drop, but the packaging outfit is still trading at a discount to peers like Bidvest when you look at forward multiples. Revenue growth has been pedestrian, ja nee, but at least the dividend yield sits above 5% which is keeping some

KAP's up 0.71% to R2.82 but that's still nowhere near the R3.50 levels we saw earlier in the year. The industrials have been under pressure with weak construction and manufacturing data, so I'd need to see some actual earnings momentum before getting excited here.

KAP at R2.82 is trading near multi-year lows with a cyclical business that's struggled through the downturn, but the packaging and steel exposure gives it leverage if we see any meaningful recovery in manufacturing and construction demand. Long-term play hinges on whether managem

Grabbed some KAP at R2.75 this morning before the pop, reckoning the industrials rotation might have legs if the rand stays firm and their packaging division keeps benefiting from export demand.

KAP down 2.83% to R2.75, eish that's a tough session. Without seeing what triggered the move I'm hesitant to add, but if it's just sector noise rather than a company-specific issue then the dividend yield might start looking interesting at these levels.

Book value still sitting pretty here.

KAP turning the corner on margins finally

kap struggling to break above the r2.80 level, keeps getting sold into whenever it tries. volumes been thin which is typical for diversifieds, institutional guys probably waiting for a proper earnings beat before they pile back in. the manufacturing and distribution arms have decent margin potential if rand stays anywhere near reasonable but thats a big if with load shedding killing margins everywhere. if they can actually execute on the african expansion story and not just talk about it, long term could work but right now just looks like rangebound until something actually moves the needle.

kap's been getting hammered but the diversified play across manufacturing and distribution actually makes sense in a recovery. at r2.83 you're getting decent value if the rand stabilizes and regional demand picks up. bigger industrials like ASR trade on way tighter multiples so there's room to run if management executes. glta

KAP's been range-bound for ages and the -0.71% today is noise, but the real question is whether management can actually deliver on capex returns and get margins moving again. At these valuations you're betting on a operational turnaround rather than multiple expansion, which is f

KAP's down 2.81% today but the selloff looks overdone given their paper and packaging divisions are holding up reasonably well in a tough cycle. At these levels the 6.5% dividend yield is starting to look tasty if management can stabilize earnings through this downturn.

Kap at R2.85 is looking solid value for a diversified industrial play. Balance sheet is decent and the distribution side feeds well into the regional African push. I put an order at R2.78 last week and got filled, not selling at these prices, good day to top up if you're thinking longterm on the industrials exposure.

KAP sitting at R2.85 with those diversified segments spread across manufacturing and distribution, hard to get excited when the earnings haven't really justified the multiple. Regional African exposure is the play if they can execute but we've heard that story before with industrial stocks. I wonder how many hold this for the dividend versus actually believing in the turnaround.

kap's been consolidating hard around r2.85 but the diversified industrial play is solid if you look at the regional exposure. manufacturing and distribution arms actually have decent margins once you strip out the noise. not sexy like tech but the dividend history and asset base give me confidence for the long game. might take a while but happy to hold.

Kap's been hammered down to R2.85, proper recovery play if they sort out the manufacturing side. Diversified industrials like this usually get overlooked but the African distribution network is worth something when sentiment turns. Gonna be shocked if this doesn't bounce back to at least R3.50 once the market stops being so skittish about industrial stocks.

Grabbed another parcel of KAP at R2.51 after that 3.83% drop, the dividend yield's looking attractive again and the balance sheet can handle the current headwinds in packaging demand.

KAP's bounce today doesn't change the structural headwinds facing packaging volumes in a recessionary environment, though the current valuation warrants a closer look at embedded value in the property portfolio and legacy contracts that aren't reflected in consensus earnings esti