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Man NVS is stuck in a tough spot. Print's dying everywhere, even here in SA with load-shedding killing production costs, and these guys aren't exactly pivoting fast enough. At R6.02 the yield might look ok on paper but if revenue keeps sliding there's nothing to catch it. Gonna be shocked if they don't need to make some proper moves in the next year or two.
been digging into the h1 numbers and the margin compression is real, print volumes down across the board which honestly everyone saw coming with digital shift. but what stuck with me is they're actually holding capex steady rather than cutting, suggests management still sees runway in the core business. at R6.02 that's pretty digestible if you believe the restructuring actually lands, but cash conversion got slower which is the bit that worries me more than the headline numbers.
Print and publishing is getting hammered but NVS has been through worse. Last results showed they're still moving product and the balance sheet isn't broken, long-term view hasn't changed for me. Seems to mirror what happened to Capitec during the panic, bounces back once people remember the business still works.
NVS getting hammered 4.21% today, though at R5.46 the dividend yield is starting to look interesting if management can stabilise earnings through this cycle.
Print demand staying weak across the board, rand weakness helping exports a bit but not enough to offset the local drag. Long-term view hasn't changed though, balance sheet is solid and once the rate cycle turns this stuff typically bounces hard. Inflation very high still so consumers cutting back on discretionary print spend, that's the real headwind right now.
Print volumes staying weak across the board, that's the real problem. NVS needs to land some decent contracts with corporates or retailers, otherwise just grinding lower. Balance sheet looks okay but revenue's going nowhere, makes sense to me.
Print volumes still under pressure but margins holding better than expected. NVS at R5.46 trades at a decent discount to book if you believe they can stabilise the publishing side. Comparable operators overseas had to cut costs hard, Novus doing it slower but maybe smarter. Worth watching their next SENS on cash burn.
NVS down 0.73% today but the dividend yield is still pushing 8.5% at this price. Anyone else thinking the market is being too harsh on the earnings growth trajectory, or is there a reason to be cautious on the consumer goods headwinds we're seeing?
NVS finally broke above that R541 resistance with conviction today, up 5.18%, and the momentum into the close suggests we could be eyeing the R590-600 zone if buying pressure sustains through tomorrow's open.
Grabbed some NVS at 541 today even though it dropped 0.92% because sometimes the best players perform when the pressure is on, and this consumer goods outfit has got the legs to run the full 90.
NVS trading at R541 with today's modest decline warrants scrutiny on the embedded value versus cash generation. My concern centres on whether management can sustain ROIC above cost of capital given SA retail headwinds, plus I'd want clarity on working capital trends before viewin
NVS taking a 4.91% hit today, but the selloff looks overdone given the structural tailwinds in pet nutrition and home improvement categories. The market's missing the margin expansion story as operational leverage kicks in across the Pets Best and Rubie's divisions, especially wi
Just picked up some NVS at R545 since I'm curious if picking single consumer stocks can beat my ETF returns, though honestly I'm still not sure what makes this better than just owning a fund with fifty companies in it.
NVS trading at R541 after today's 1.81% pullback warrants scrutiny against Distell, which commands a premium despite similar distribution challenges and exposure to mature categories. The question isn't whether Novus is cheaper, but whether its balance sheet leverage and capital
At R540 I reckon NVS needs to show they can actually grow volumes instead of just hiking prices to offset input costs. The retail environment isn't getting easier and their margin story only holds if consumers keep swallowing price increases.
NVS up 0.93% to R540 but the retail headwinds aren't easing. Question is whether this bounce holds or we see another test of support.
NVS down 7% today to R530 - is this a panic sell from retail or are institutional investors seeing cracks in the Dis-Chem growth story? Anyone digging into what triggered this?