BAT - BRAIT
Posted Today, 08:11 PM
Posted 13 June 2017 - 07:37 PM
Posted 13 June 2017 - 02:59 PM
Taking a beating today!! Looking attractive, yes - but there's definitely still some downside. This one can even get to under R50 in the coming months. The Rand will continue to strengthen, which is not good for them
Posted 20 March 2017 - 06:34 PM
Posted 09 March 2017 - 09:02 AM
I bought some. I think its a good stock long term at this price - not the best, but at this price I like it and premier foods might do well
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Posted 09 March 2017 - 08:28 AM
I've Also been looking at this one for my long term portfolio. I was thinking it might drop a litlle more, as the pound has weakend further since the last NAV update. Maybe it's already priced in?
Posted 08 March 2017 - 09:08 PM
Posted 14 September 2015 - 10:25 AM
I also wanted to get in when it was R125, now I regret not punting when i could
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Posted 13 September 2015 - 09:52 PM
Posted 13 September 2015 - 07:54 PM
I read of rumours that Wieso is looking at buying a supermarket chain in the UK..
Something to keep an eye on!
At 160 I would short it. 130 buy it... interesting where it trades. NAV is only like 82 or so...
Posted 13 September 2015 - 06:19 PM
Surely it should have been higher but then wouldn't have been an as attractive investment for the take up which was oversubscribed.
My reasoning here is that at maturity, because of the lower convertible px ( assuming that the market px is somewhat higher at that time) more share will have to be issued than if market price were paid. This will tend to dilute share value.
Still... I agree with you that the markdown was most likely a bit extreme.
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Posted 13 September 2015 - 01:27 PM
The drop was a complete overshot by the market. Those convertible bonds are only at a 30% premium in a few years, Brait will do more.
This is a good buy to 140 odd levels again I reckon
Posted 13 September 2015 - 12:49 PM
Is this going north or south after the drop this week