PPR absolutely ripping today with that 20% move, must be something brewing in the property space or maybe dividend whispers getting the punters excited.
Putprop (JSE: PPR) share price, discussion & sentiment
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PPR jumping 20% intraday is decent recovery action, but that property sector bounce could be noise if the fundamentals haven't shifted. Need to see if this holds above R7 or if it's just mean reversion on weakness.
@easystreet_jse ja, holding proper there
Good morning everyone. PPR sitting at R6.98 with property yields still making sense against the bond rate, especially if they can stabilize that retail exposure through the cycle. The issue is balance sheet debt relative to nett asset value, but if they keep trimming the portfolio and pulling cash they might get some re-rating. Worth reading the latest SENS on disposal proceeds.
@momentumtracker_jse yep, commercial anchors holding up. retail's the dead weight here
PPR sitting at R6.98 is actually decent value if you believe in the property recovery thesis ngl. Retail's been battered but their commercial portfolio has some solid anchors, and the yield on nav is starting to look interesting again versus the other reits getting pumped. Long game here, not a quick flip.
PPR flat today at R580 while the property boys are playing musical chairs with interest rates. How's it comparing to Redefine and Hyprop when the whole sector's just sitting on the bench waiting for the economy to pass?
PPR just ripped 50% in a single session, breaking decisively above the R550 resistance that's been capping it for weeks. That kind of volume spike on a property play usually signals institutional rotation into the sector, but I'd want to see if it holds above R600 on the next few