Sabvest Capital (JSE: SBP)

148.00 now, below that 150 level.

148.00 now, below that 150 level. Eish.

152.00 now, through that 150 level. nice.

152.00 now, through 150. Lekker.

155.50, nice push today

155.50 now, holding the green. Let's see if it sticks.

149.00, knocking on 150's door.

149.00 now, almost at 150.

Hello R149.00, let's see if we can hold it.

145.00, up over 3%. Let's see if it holds.

145.00 now. That's lekker.

145.00 now. Green day for SBP.

142.51 now, down hard today.

142.51, down 2.39%. eish

142.51, red day passing.

SBP at R146 is trading at a reasonable valuation for a closed-end fund with decent asset backing, but the real question is whether management's capital allocation is beating inflation over the medium term. The dividend yield looks solid on paper, yet you're essentially paying for

SBP sitting pretty at R153.83, nearing that R150 support which is key. Holdings are solid, nav looks decent compared to what other investment companies trade at, so upside is there if the market wakes up to the value. LFG

Well looky look, closed at R153.83 and we're sitting just above R150 which is decent. Thing is with these holding companies you're really betting on management to pick winners, and Sabvest's portfolio moves are so slow it's hard to tell if they're actually adding value or just sitting on cash. Gonna be shocked if this breaks R160 anytime soon unless they announce something juicy.

SBP sitting on R153.83 and honestly the portfolio quality matters more than the share price at this level. If Sabvest can actually compound the underlying investments without taking massive writedowns every cycle, R150 support means something. Problem is holding companies always trade at a discount to NAV because nobody trusts management to not mess it up.

SBP sitting at R153.83, nowhere near where it should be if the portfolio was actually firing. Holdings are decent enough but the NAV discount is brutal, that's the real problem here. Need to see some of these investments actually deliver returns or the whole thing stays dead money. Let's get a contract, once the deals start, then it will run.