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retail and fintech are tough margins right now but weaver's actually got the mass market locked in, those homeChoice customers aren't going anywhere. thing is the debt's heavy and load shedding's eating logistics, so patience needed here not a quick flip.
HomeChoice retail was hemorrhaging, fintech side is where the real optionality sits and management knows it. FinChoice been grinding quietly and the margin expansion story is real, not fairy dust. At R50.12 we're pricing in zero growth which is eish for a company that's actually fixing its cost base. Five years from now if this executes people will wonder why they sold.
wvr sitting at r50.12 is cheap compared to where the fintech play should be. homechoice retail bleeding but finchoice is the real asset, that division's got legs in the mass market lending space. everyone sleeping on the turnaround potential here, mark it.
WVR sitting pretty at R50.12, retail and fintech mix is solid if you believe in mass market credit expansion in southern africa. homeChoice turnover is steady, finChoice got room to grow earnings wise. Good day to top up if you reckon load-shedding doesn't crater consumer spend more than it already has.
been digging through the homechoice retail vs finchoice split and the numbers are honestly messy. retail footprint shrinking but finchoice lending book growing, problem is margins getting squeezed on both sides and debt sitting high. at r53.50 you're not really pricing in the turnaround risk, feels like the market's already baked in too much hope that the omnichannel thing will work. compare to capitec where at least the unit economics are clean, here you're betting on two separate businesses that can't seem to find their footing at the same time.
Worth noting the retail side is still underwater but FinChoice is actually moving, their credit book grew and delinquency ratios held okay last reporting. If they can keep FinChoice scaling while retail stabilizes, that's a different story to where they were two years ago imo. Fwiw the rand weakness should help on the export side of retail if they ever get margin back.
WVR's been grinding higher over the past few months and at R64 it's finally breaking into interesting territory for dividend income at those yields, though you'd want to see the revenue growth accelerate beyond single digits before getting too excited. The fintech space is brutal
WVR closed at R60.52, still sitting well below the 52week high. Group's got solid exposure to both retail and fintech which is decent diversification but retail's been under pressure with load shedding killing foot traffic. FinChoice side carrying more weight now, margins looking tighter though. Long term play if they can scale the fintech faster than retail declines.
WVR closed at R60.52 but honestly the retail side is getting murdered by load-shedding and weak consumer spending. FinChoice doing some heavy lifting though, if they can keep growing that loan book without blowing up credit losses we might have something. Holding for now but needs a proper catalyst.
WVR up 1.91% to R64 today, which is decent momentum for a fintech play. Still trades at a meaningful discount to Capitec's valuation multiples, though WVR's revenue growth trajectory will need to justify that gap over the next few quarters.
WVR sitting flat at R6499 today, but I'm curious if anyone else is seeing the divergence on the daily RSI. The stock's been consolidating hard for weeks now and I'm wondering if we're setting up for a breakout above R6600 or if this is just rangebound noise in a fintech space tha
Everyone's ignoring WVR at R6499 but I reckon the market's being too pessimistic here, surely a fintech play in SA's growing digital space deserves more attention than this flat trading? Maybe I'm missing something but this feels undervalued compared to what I see in the JSE tech
Trimmed my WVR calls into today's 3.97% pop since the IV crush on tech names has compressed my vega exposure, and the risk reward no longer justifies holding through potential profit taking given the extended move we've seen this month.
WVR at R6500 jumping 3.17% today shows the fintech game is still got legs, like a striker who keeps finding the back of the net. Long term, if they keep innovating and grabbing market share in this digital money space, could be a real difference maker for the portfolio.
The 3.23% pop feels like retail chasing momentum on fintech flows rather than fundamental repricing. WVR's valuation at these levels doesn't justify the implied volatility compression we're seeing in the warrants, suggesting the market is pricing in growth that hasn't materialise
WVR at R6400 is riding the fintech wave, but here's what concerns me: when the rand weakens and inflation keeps climbing, tech valuations get squeezed unless earnings growth outpaces currency depreciation. The real play isn't the 0.79% daily noise, it's whether their revenue grow