Spur Corporation (JSE: SUR)

39.17, down again. Eish.

39.17 now. Eish, bit of selling today but holds the line.

41.18 now. Down heavy today.

41.18 now. Weak hands selling?

44.89 now, that's a solid jump today

44.89, that's lekker movement today.

44.89 and climbing, spur finally waking up

R44.00 now, that's lekker movement.

R44.00, that's lekker.

45.00 and holding. Believe it when it stays there.

45.00 now, that's lekker!

42.50 now. Bit soft today.

R42.50 now, down a bit today.

Took a small position in SUR at R45 given the dividend yield sitting around 4.5% and the recent pullback, but I'm not chasing it higher until we see some evidence that same-store sales growth is actually turning around.

SUR at 41.38 still looks decent on a 2.4% yield, but the restaurant recovery narrative feels stretched given consumer headwinds. Anyone tracking same-store sales or have a view on where the multiple should land if inflation keeps eating into margins?

SUR at R40.99 is trading on sentiment around restaurant traffic rather than fundamentals. With leisure spending under pressure in SA, the valuation needs to reflect either margin expansion or same-store growth that I haven't seen yet.

SUR down 1.18% today but the market's being too harsh. Earnings resilience through load-shedding chaos and a 6.2% dividend yield at these levels looks undervalued relative to the domestic consumer recovery we're seeing.

spur's been stuck in that r38-r40 range for ages, tough to get excited when the franchise model isn't firing like it used to. casual dining's getting hammered by loadshedding and weak consumer, compare that to competitors doing better with their pricing power and you see the problem. until they show earnings momentum or a real turnaround story i'm staying on sidelines.

Spur needs a Springbok comeback vibe here

spur's been range bound since the rand started moving. franchisees are hurting with load-shedding and foot traffic down, margins getting squeezed hard. compare that to shoprite or pick n pay, they at least got the volume to absorb costs. sur's got what, 150 outlets? not enough scale when consumer's cutting back on eating out.