This will be my outlet for all things financial. Humour and sarcasm included
Joined August 2020
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$JSEITE
$JSECSB
Italtile has always been the better company in my opinion. Real quality
Be that as it may I think a lot of the ITE top dogs jumped ship when they saw a long period of no growth ahead!
There was a big exodus from top management
Jan Potgieter
Lance Foxcraft
1/n
New 52-week low for tile, bathroom and house refurb business $JSEITL Italtile as it traded to 759 cents then bounces to 798 cents. I wonder if #ITL is back in the market buying back shares at these lowly levels ?
On a PE of 7.0x versus 10.1x for sector comparative $JSECSB Cashbuild, #ITL appears a relative bargain valuation wise on face value
However, the underlying sectoral landscape remains highly challenging with 2 recent interest rate hikes, rising energy/fuel costs hitting consumers and the increasing spectre of rising food costs into Q1 2027
Both #ITL and #CSB tend to have better Q4 periods to the end of the calendar year, however, this year money in consumers pockets may be much tighter with spending - perhaps - not as allocated towards DIY and home refurbishment
Tough space to be in despite the lowly valuations with no catalyst for any earnings improvement or share price uplift seemingly ahead if one reads the South African GDP or economic tea leaves
They dont need the money. These companies are probably NET bad for the country
The sad part is many of the people promoting it will tell you they dont use it or didnt know it was bad.
Someone dangled a big cheque in front of them and they asked 'how high must I jump?'
Does this guy really need more money ?! He's already making millions pounding All Blacks in submission, why also kill our country ?
Of course the @Springboks are also sponsored by a betting company ?!
#CrystalChallenge
There is always end of year window dressing to make the fund manager portfolio look better.
Will there now be a 5 November Crystal challenge window dressing?
(Said in gest)
Noticing a lot of comments like this.
My guess is that forefathers of this mentality also thought the first automobile was stupid when they had a perfectly good horse.
They thought the printing press was silly when we obviously have ink and a pen
And a round wheel? How dumb!
#KingsmeadCricket
for as long as Ive watched cricket, bad light has always ruined Kingsmead tests in DBN
Everyone with basic geography knows that DBN technically could be another time zone. For business reasons its works on std SA time
why not start cricket at 8:30 or 9am?
Ever since I went through their IPO prospectus and found the names @bronwynnielsen @RobertHersov and @DividendPapi I lost quite a lost of respect for all 3 individuals.
Even if you were simply approached & paid money to attach your name to something you were not involved in
Boardroom bloodbath at JSE-listed bitcoin firm, whose investors include Rob Hersov and Alec Hogg news24.com/business/companie…
$JSEBAC
Dodgy companies doing dodgy things
Good luck to those invested.
This is not a real company in my opinion. You have much better odds of making money going to the casino if you want a 'gamble'
techcentral.co.za/africa-bit…
$JSEBAC
Curious if all the Africa Bitcoin Corporation Ltd holders are still comfortable with the stock?
Formerly Altvest. This company has broken Labats record of changing its business every 3 yrs to changing its business every 1 yr
Formerly alternative investments.
1/n
$JSESLM
$JSESNT
Another person who shares my view.
As a SNT shareholder I oppse the deal at current pricing.
These posts about a possible PLAGUE outbreak in Russia better be nothing!
We cant go through another pandemic fiasco again
$JSEBLU
Peresec Prime Brokers (amongst others) has reduced its holding in BLU
Went from 10.4% to 9.34%
I said before this is definitely not because of SIM small cap fund which holds a tiny amount of shares.
With this share price weakness there are clearly many sellers!
$JSEBLU
Plse explain this narrative that SIM selling is affecting the BLU price?
They are just merging the small cap fund right?
Its a R233m fund. BLU is not top ten holding
20 times more shares traded on the 28th than they hold in total.
Dont know the reason. Doubt its SIM