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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.
Took the dip on SBP today at R145.05, down 5.20%, because at this price the discount to NAV is starting to look interesting for a patient holder.
sbp sitting at r145.01 but nav per share is what matters here. holding company discount is real, been watching the portfolio mix and some of those underlying positions are solid. question is whether management can actually compound value or if we're just bagholding a discount to intrinsic. reckon it depends on how they deploy cash over next 18 months.
Do you think the investment holdings model even works anymore in SA? Sabvest sitting at R145.01 but most of the big money is just buying the underlying stocks direct instead of paying for the holding company discount. Where's the actual value add versus just owning Zeder or Bravura or whatever they hold.
SBP sitting at R149.00, just below that R150 resistance. Holdings portfolio is looking lean compared to the cash position, reckon management's being selective on deployment which is either smart or they're struggling to find value. NAV per share versus the discount is starting to tighten up if you dig into the latest numbers.
SBP sitting at R149.00 with R150 right there, holding company plays always look cheap until they don't. Nav discount getting silly if you believe the portfolio, but that's the game with these things, you're betting the board actually knows how to allocate capital better than you do picking stocks yourself.
SBP sitting at R149.00, just below R150 resistance. Holdings portfolio needs some catalysts, NAV discount is wide but that's typical for investment companies. Real question is whether management can unlock value in the underlying assets or if we're just sitting on cash waiting for something to happen.
SBP sitting at R149.00, basically at resistance. Problem is the rand weakness is eating into offshore returns and the holding company discount is brutal in this kind of macro environment. Long-term view hasn't changed but you're fighting inflation and rate cycle headwinds on the NAV, markets are shaky but that's when real value shows up. I'll keep holding as long as it takes.
SBP up 0.63% today, sitting at R15,799, but I'm trying to understand if the holding company discount is still as bad as it was or if management is doing something with the portfolio lately.
SBP's 3.23% move today seems disproportionate to any fundamental shift in underlying portfolio valuations. Has anyone modelled the embedded value sensitivity to the recent equity volatility, or are we just seeing algorithmic flows chasing a breakout above technical resistance?
Anyone else holding SBP here? Just saw it up 1.33% today and wondering if this holding company is worth the R15200 price or if I should look at something else for my first proper investment.
SBP down 2.6% to R15400 feels like panic selling. Their portfolio companies are generating decent cashflow and the discount to NAV is getting ridiculous at this level.
SBP at R14500 finally showing some life with that 1.39% bump, but we're still trapped in a narrow band until it breaks above R15k convincingly.
SBP dropped 0.73% to R13800 today but I'm holding—the discount to NAV is still juicy enough that I don't panic sell on minor pullbacks like this.
Current R 139,00 — 50% of range
Fundamentals sourced from JSE disclosures. Updated quarterly.