Super Group (JSE: SPG)

Good Morning Everyone, 16.71 now, down 2% today.

16.71 now, down 2%. Holding or bailing?

16.71 now. Down a bit today.

17.66 now. Bit of weakness but nothing breaks here.

17.66 now, down 2%. Where's the floor?

17.66 now, bit of red today but holding.

17.78 now, down again. Load-shedding hitting the fleet hard.

17.78 now. Down again.

17.78 now, down a bit today.

SPG's been bouncing around R17.80 with fuel and convenience retail still under pressure from load-shedding and consumer pullback. Logistics exposure keeps it relevant but the dividend yield doesn't compensate for the volume drag we're seeing.

SPG sitting at R19.20 after that earnings beat last week. Logistics play with decent dividend yield and revenue momentum, but the valuation's not exactly screaming value at current P/E. Reckon there's upside if they keep the operational leverage going.

SPG's trading statement should give us clarity on whether they've managed margin improvement through this cycle. At R20.02 the stock is trading on depressed earnings multiple if they've held revenue growth, so the devil will be in the cash generation and capex guidance going forw

Picked up more SPG at R20.12 after that morning dip, reckoning the logistics outfit's got room to run given fuel headwinds are easing and the dividend yield's still decent for the sector.

SPG up 3.80% to R19.65 today, decent recovery after the recent weakness but I'd need to see it break above R20 with some volume before getting too excited about the trend.

SPG holding R19.65, R20 is right there waiting

SPG bouncing around R19.65 like a minibus taxi on the N1, but the fleet rental and logistics side still grinding. Reckon if they hold the R20 level and keep utilization rates up, there's something there for patient money. Big dogs dont cook they eat, and SPG's been keeping the trucks moving through load-shedding chaos when half the economy's sitting still.

interesting numbers on spg's logistics side, fwiw the fleet utilisation metrics have been solid even with load-shedding headwinds. worth noting they're still trading below r20 which feels soft given the rental division's recovery trajectory. could be wrong but the vehicle finance book looks healthier than it was 18 months ago, so there's upside if they can keep costs down through the downcycle.

SPG's been beaten down but the logistics side is actually picking up volume, which matters when rand weakness hits imports. Load-shedding is killing margins short term but fleet rental clients aren't going anywhere. Long-term view hasn't changed, sitting above R19.65 is fine for me, rates are probably done hiking anyway.

SPG getting squeezed at R17.94, fleet ops still solid

SPG closing at R17.94 is actually decent given the transport space is brutal right now. Their fleet rental side keeps the lights on but logistics margins are getting squeezed, fuel costs are killing everyone. If they can actually grow that vehicle rental book without bleeding cash on logistics deals, reckon this could run back to the mid 20s. Not sexy but solid long term if you can stomach the volatility.