The Foschini Group (JSE: TFG) share price, discussion & sentiment

@mogale_morning balance sheet breathing room makes all the difference when retail's this tight

inventory turn improvement is legit, but the margin compression from weak rand is eating into what could be a clean story. read the md&a on merchandise mix, sportscene's doing the heavy lifting while exact's still sluggish. if they can stabilize rand-sensitive input costs through the next few quarters without killing volumes, the multiple here looks defensible against where they could be.

sportscene moving stock faster is actually huge, that's what you want to see after all the noise about retail being dead. if they can keep that momentum and stop bleeding cash on the weak rand side of things, r66.98 starts looking like proper value for what they're trying to build back. the brand names still mean something, just need the stores humming again.

spent an hour on the latest results last night, inventory turn is legit better. holding.

Big money quietly accumulating here, noticed 2.8m shares bought at close last week. R66.98 is still cheap relative to what the turnaround could look like if they nail the inventory reset and get foot traffic back post-Christmas. Retail's brutal but TFG's brands have real staying power, patience looks like a real good idea.

Worth reading the latest results, balance sheet held up ok

R66.98 lets goooo!

been digging into the latest numbers and the inventory turn is way better than where they were last year, especially in sportscene. margin pressure is still there with the rand being weak but they're actually moving stock faster which suggests the ranges are landing with customers. at R66.98 you're not paying a crazy premium for the turnaround story, retail locally is brutal but tfg's got the brand portfolio to survive it.

tfg been beaten down so hard but the fundamentals around sportscene and exact are actually solid, retail bounce back is real ngl. r66.98 still feels like value if they can sort the fashion side out in the next two quarters, comparing to pepco they're way undervalued imo.

Foschini's been grinding through the tough retail cycle better than most, and at R66.98 the yield's actually worth a look if they can stabilize foot traffic. Balance sheet's not pretty but it's not Steinhoff either, and the brand portfolio gives them options most single-banner shops don't have.

retail getting hammered but tfg holding up better than most, stores still moving stock. problem is margins tight with load shedding costs eating in. need to see if they can actually grow earnings or just shuffle things around, price at r66.98 aint bad if they sort the operational stuff out

Pulled the latest AFS last night, balance sheet holding up ngl

worth a deeper dig on this one, the inventory moves are legit

@mumu_data morning, yeah watching closely today

Been reading the latest results, inventory management actually improving lol

algos pumping it 3.8% on zero news, classic setup

TFG needs to sort out the store footprint, too many underperformers dragging margins down. If they can get Sportscene firing and trim the weak stores, cash generaton comes back and the stock reprices. At R66.40 it's not expensive if they execute, but execution is the whole bet.

Risk reward is very compelling at these levels. TFG's taken its lumps but the turnaround in cash flow and inventory management is real, not just talk. Retailers bouncing off lows usually have legs, especially when you see the branded portfolio holding value through the cycle. More eyes on the prize once the next numbers land.

do think the rand strength helps them on imports but retail foot traffic still looks weak. where's the actual like for like growth coming from if consumers are this squeezed. could be wrong but r66.40 feels priced for a recovery that hasnt shown up yet.

Good Morning Everyone, TFG watch today