Trellidor HLDGS (JSE: TRL)

1.29 now, that's lekker.

Hello R1.29, nice to see it.

1.29 now. Steady climb this week.

R1.29 now, that's lekker movement.

Picked up TRL at 124c on the basis that the security barriers outfit has decent cash generation and a P/E sitting below 10x, though the dividend yield needs watching if margins stay under pressure.

TRL at R1.26 is trading at a significant discount to peers like Reunert and Raubex on a price-to-book basis, but the dividend yield sits around 6% which is decent for a cyclical industrials play. Security hardware demand is lumpy though, so you're essentially backing management e

TRL's been getting hammered but security gates aren't going anywhere with load-shedding and crime what they are. Thing is, margins compressed like mad last year so need to see if they've actually fixed costs or just hoping volumes come back. At R1.29 you're not paying much for a reboot.

TRL closed at R1.29, still dirt cheap for a security outfit with that much residential exposure. Load-shedding paranoia keeps burglary spikes going, so the demand side isn't drying up anytime soon. Once margins stabilize and they actually push volumes, this could run hard. Worth watching the next earnings for cash generation.

TRL's margins got hammered last year but security demand locally isn't going anywhere with what's happening. Inflation's killing the input costs but once rate cycle peaks this should stabilize, long-term view hasn't changed. Still cheap at R1.29 relative to what the business does.

TRL's been hammered but the fundamentals are solid, burglar-proofing isn't going away in SA anytime soon. At R1.29 it's pricing in way too much doom, I reckon we see a proper recovery once the rand stabilizes and construction picks up again. Good day to top up if you've got spare cash.

security products demand just wont die hey

Trellidor's been getting hammered but the security market isn't going anywhere, load-shedding's only made burglary worse. At R1.28 the dividend yield is decent and they've still got solid cash generation from the residential stuff. Good day to top up if you believe in SA's housing market recovering, which eventually it has to.

trellidor sitting pretty at r1.28 after that run. security products sector actually got legs with load shedding killing everyone's sense of safety, commercial side picking up. compare to other industrials and trellidor's margins are solid, ngl domestic demand for grilles and gates isn't going anywhere.

trellidor sitting at r1.28 is criminal for a company with their asset base and market position in southern africa. guys act like burglar bars and security gates aren't essential in this country, loadshedding and crime driving demand for the next decade easy. compare this to where other industrials were trading when they were consolidating market share, this is a gift for patient money.

TRL holding steady at R127 with that modest 0.79% bump, but I'm curious if the market's pricing in enough upside given the industrials headwind we're facing across the board. Is anyone running the numbers on their revenue growth versus the current P/E to justify holding through t

TRL's 3.82% pullback today coincides with the rand weakening past 18.50 to the dollar, which should theoretically benefit an exporter with meaningful offshore earnings. Has the market repriced for slower domestic security demand given the potential GDP contraction we're tracking,

TRL down 3.82% to R126 today, eish. Wonder if this dip is like what we seeing across other industrials or if Trellidor getting hit harder than the rest?