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BAT - BRAIT


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#1 Bullhunter

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Posted 20 November 2017 - 05:59 PM

Time for a technical bounce. Took some at R59 today

At R42 it must be a bargain?


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#2 SoleTrader

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Posted 28 June 2017 - 08:11 PM

And off she goes. Interesting that Brait looking east for expansion.
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#3 SoleTrader

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Posted 23 June 2017 - 07:00 PM

Time for a technical bounce. Took some at R59 today
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#4 SoleTrader

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Posted 13 June 2017 - 07:37 PM

I squirmed out of this one at a decent profit of R14 per share on the day of the trading update. Too late to short now, but NewLook is full of debt. Most likely best to put zero value on it. This takes the NAV down to R67. Add a 10% discount for a holding company, results in a value of R61 per share. So fully priced my gut feel right now.
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#5 CrescoRSA

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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


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#6 SoleTrader

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Posted 20 March 2017 - 06:34 PM

Completed my order today. I see the stock fell out of the ALSI40 index, so the dumb index funds and ETFs suppressed the price when they liquidated their holdings. Any case, the stock technical looking like a buy, much cheaper that a year ago
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#7 PlatinumWealth.co.za

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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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#8 Jack5

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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?


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#9 SoleTrader

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Posted 08 March 2017 - 09:08 PM

Looks like a decent entry level point. Took 75% of my order at 7600c today.
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#10 SLEEKONE

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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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#11 myusuf

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Posted 13 September 2015 - 09:52 PM

Ok I got in at 127 - when it was 10p down on friday
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#12 Fuxx

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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...


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#13 Sam

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Posted 13 September 2015 - 06:19 PM

Isn't the 30% the problem?
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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#14 Fuxx

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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

 

 


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#15 myusuf

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Posted 13 September 2015 - 12:49 PM

Is this going north or south after the drop this week

 


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