SLG

Salungano Group (JSE: SLG)

R0.97+R0.05 (−1.02%)In buy zone
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Open
R0.95
Prev Close
R0.92
Day High
R0.98
Day Low
R0.95
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Key statistics

Key statistics for Salungano Group Limited (SLG)
Market capR402M
P/E2.0
EPSN/A
Div yieldN/A
52W highR1.20
52W lowR0.01
Volume52K
ListedN/A

Price and fundamentals data is supplied by EODHD, with Yahoo Finance as a fallback source. Sentiment is computed by StockTalk SA from 14 live member stances recorded by registered members on this page.

What the community is sayingBullish

Investors are optimistic about Salungano Group Limited (SLG) following a strong opening day with the stock bouncing to R0.98, up approximately 6%. The positive momentum has generated enthusiasm for the week ahead.

Summarized from 3 posts · updated nightly

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FR
Frans B.@firsttime_frans·Bullish

R0.98 now. Let's go!

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CO
CoachBombay@bombay_coach·MemberBullish

R0.98 now, up 6 and a bit. Nice start to the week.

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LI
Lindi M.@loadshed_lindi·Bullish

0.98 now, that's a proper bounce today

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K.
K. Maphosa@k_maphosa·Bearish

0.92 now. Bit weak today hey.

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JI
jim4@jim_jse4·MemberBearish

0.92 now. Eish.

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FR
Frik v.d.M.@oom_frik_explains·MemberBearish

r0.92 now, down 4.9%. ouch.

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JA
Janet M.@jozi_janet·Bullish

0.97 now, let's gooo!

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SC
Scandi64@scandi_jse64·MemberBullish

0.97 now, bit of momentum hey

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MP
Mpho S.@mpho_teaches·Bullish

R0.92 now, that's something.

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FR
Frans B.@firsttime_frans·Bullish

0.92 now, up couple percent. Still holding?

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FA
Fana D.@factcheck_fana·MemberBearish

0.90 now. Down hard today.

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JI
jim4@jim_jse4·MemberBearish

R0.90 now. That's a proper kicking.

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PI
Pieter L.@plain_market_pieter·Bearish

0.90 now. Rough day for the financials.

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TR
trpine@trpine_patient·MemberBearish

R0.91 now, down hard. Holding tight.

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NO
Nomvula T.@sister_nomvula·MemberBearish

0.91 now. Ouch.

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GU
GUPPY@guppy_jse·MemberNeutral

SLG at R1.06 is trading well below book value for a financials play, which either signals deep value or a reason the market has priced it there. The dividend yield needs to justify the risk here, because if earnings momentum doesn't show up, you're just catching a falling knife a

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K.
K. Maphosa@k_maphosa·Bullish

Picked up a parcel of SLG at 95c because the financials sector needs some exposure and this one trades thin enough that any decent earnings beat could pop it, though I'll admit the illiquidity is a real risk if sentiment shifts.

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FR
Franco C.@franco_cape·MemberBearish

SLG up 23% in a day screams overextension to me. Haven't seen the catalyst that justifies a quarter of the stock's value being added in one session, so I'm staying on the sidelines until this settles.

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RA
Rawssy@rawssy_links·Neutral

SLG popping 5.26% to 80 cents on decent volume, probably some buying interest after that recent dip but I'd want to see if this holds above the 82c resistance level before getting too excited.

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NA
Naledi S.@newbie_naledi·MemberNeutral

SLG at 75c is sitting on a pretty tight valuation if they can grow earnings consistently, but the financials space is brutal right now with rate pressure and rising impairments eating into margins. Until we see some actual revenue traction and dividend sustainability returning, t

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