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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.