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YRK at R2.15 is trading at a discount to book but the timber sector's margin pressure is real with input costs sticky and export demand still patchy. Need to see volume recovery and better pricing power before getting excited, though the dividend yield does offer something if the
YRK at R2.13 is still nursing deep losses from its 2015 highs, and the timber sector's structural headwinds from import competition and weak local construction demand haven't really abated. Long-term holders need to see evidence of either margin recovery or strategic repositionin
YRK up nearly 1% today to R2.13, which is decent movement for a timber play. Still trading well below peers like Sappi on relative valuation, though timber demand remains choppy globally so the discount might be justified.
YRK sitting at R2.09 is decent value if they can lock in some decent export contracts. Timber demand is there, especially with weaker rand helping pricing. Real question is whether management can execute on the operational side, load-shedding is killing margins right now but that's industry-wide. Let's get a contract, once the deals start then it will run, simple as that.
timber bounce looking real if they can shift export volumes, rand weakness usually helps these guys. at R2.09 you're paying peanuts for land and growing stock, beats sitting in cash while load-shedding kills everything else.
YRK closed R2.09 which is looking solid given timber demand's been choppy. The forestry play makes sense when you think about export volumes and rand weakness helping margins, reminds me how a weaker currency actually helps the harvest side. Land holdings alone give it some floor, plus if load shedding eases the processing costs come down hard. Long holder here.
YRK up 4.15% today on what looks like decent timber demand signals, but that P/E is still looking stretched for a cyclical play. Anyone else worried the lumber uptick is temporary or reckon we're seeing genuine recovery in the sector?
YRK slipping 0.51% to R1.94 is fairly routine noise for timber stocks given the lumber cycle volatility we're seeing lately.
timber stocks getting hammered across the board but yrk at r1.91 is starting to look like value if you believe the cycle turns. forestry stocks are cyclical ngl, and rand weakness usually helps exports but load-shedding has crippled processing costs. institutions been quiet on this one, reckon they're waiting for a catalyst before stepping back in.
York's got real assets in the ground and the rand weakness should be helping export margins, but the timber cycle is brutal and you're competing against Sappi who at least has diversified revenue streams. At R1.91 the yield isn't screaming value yet, positioned perfectly might be too strong a call until we see what next earnings actually look like.
SPENT SOME TIME ON YRK FUNDAMENTALS LATELY, TIMBER CYCLE TURNING!!!
Timber's been getting smashed globally and locally, rand weakness doesn't help either when you're trying to export. At R1.91 the yield's decent if they can keep the dividend, but the real question is whether demand comes back before cash runs out.
Timber demand from construction and export is structural, not cyclical. YRK's positioned perfectly in a sector where supply constraints actually favour the incumbent players, unlike what we see with the mega-cap miners constantly fighting oversupply. At R2.08 the multiple looks reasonable relative to cash generation in a business that benefits from rand weakness. The future excites me here.
timber is cyclical hey, rand weakness helps export side but domestic construction still slow. at R2.08 you're pricing in recovery that hasn't landed yet, where's the actual revenue growth.
YRK up 1.04% to R1.94 today, but timber stocks are getting squeezed compared to the broader Resources index. Peer Sappi's trading way ahead on earnings momentum and international exposure, making YRK look like it's lagging the sector recovery.
YRK up just over a percent to R1.92, nothing spectacular but at least it's not fighting gravity like it was earlier in the year.
Current R 2,12 — 50% of range
Fundamentals sourced from JSE disclosures. Updated quarterly.