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margins getting hammered is the real story here not the rand weakness, bayman. spirits demand stays decent but if cost of goods keeps climbing and they can't pass it to the bottle they're stuck. seen this movie before with the big brewers, take two years to recover pricing power.
@bayman_jse yeah margins are the real issue here, not the load-shedding excuse. need to see cost control first
margins getting hammered, waiting for that R25.50 level too
MKR sitting at R26.03 and honestly feels like spirits sector is getting squeezed harder than usual. Wine and spirits are discretionary spend so when rand weakens and folks tighten belts, these guys suffer. Long term you need to believe the export side picks up or domestic demand stays solid through load-shedding chaos, otherwise this looks like a value trap.
MKR at R26.03 is cheap if they can land a proper distribution deal with one of the big retailers. Right now they're just shuffling product through smaller channels. Wine and spirits is a tough game in SA with load-shedding killing hospitality but the fundamentals work if volumes move. Let's get a contract, once the deals start, then it will run.
So wine and spirits at R26.03 with basically no revenue stream is a tough sell ngl. Do you think the production side is actually moving or is this just holding onto distributer relationships while waiting for something to happen.
MKR at R26.03 is decent value if you believe in the spirits rebound post load-shedding chaos, but ngl the volumes have been thin and margins got squeezed last half. I put an order at R25.50 yesterday, not filled yet but I reckon we see that level before year end. Good day to top up if you're long term on this one.
MKR down 1.10% to R28.78 today, but that's just noise on a pre-revenue play where the real value sits in execution of their renewable projects over the next 12-24 months.
MKR AT R29.10 AND NOBODY TALKING ABOUT THE SPIRITS UPSIDE!! LOOK WHAT HAPPENED WITH DISTELL WHEN THEY LOCKED DOWN PREMIUM DISTRIBUTION, THIS COULD RUN TO R45 EASY IF MANAGEMENT EXECUTES ON THE EXPORT SIDE!! BEST IS YET TO COME!!
MKR closed at R29.10 yesterday but the real question is whether this wine and spirits play can hold above R30 when the market reopens. Margins in this space are getting squeezed hard with load-shedding costs eating into production. If they can keep distribution channels moving and nail the export side, there's meat on the bones here, but the domestic market is pretty thin right now.
MKR closing at R29.10 is solid given where we were a few months back. Spirits and wine demand isn't going anywhere in SA, especially with the tourism bounce coming back. Market cap at R2.8bn feels reasonable for the cash they're turning over. Long hold for me, lol ya.
mkr sitting at r29.10 and the spirits side of things is actually solid fundamentals, not just hype. wine and spirits got tailwinds from the recent tax stuff and rand weakness helps exports. ngl if they can hold margin on production costs this could run, lot of room between here and the big boys valuations.
MKR up nearly 10% today is interesting given the broader renewables funk we've seen. Still trading at a discount to peers like Enel on forward multiples, so there's meat on the bone if they can prove the conversion economics stack up.
checked the md&a again, mkr's gross margin expanded to 58% this quarter which is solid for the sector. up 4% today but still trading below book value which feels cheap if they hit their product roadmap targets next year. comparable to asml multiples when you back out the rand weakness
Net cash position improved to R287m in latest quarter, covers 8 months opex easily.
MKR down 2.07% today to R2700, but I'm curious whether this dip reflects genuine operational concerns or just sector rotation out of renewables. Anyone tracking their latest project commissioning timelines and whether the margin profile on their waste-to-energy contracts justifie
MKR taking a 4.58% hit today feels overdone for a renewable energy play in this macro environment. The market's been punishing anything cyclical lately, but with energy demand climbing and government pushing green infrastructure spend, I reckon the sell-off creates an entry point