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Author Topic: Brait  (Read 21804 times)

TheKwok

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Brait
« on: May 13, 2013, 11:10:39 am »
Relative valuation of Brait (as per a request I received) is here - https://sites.google.com/site/sasharingshares
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BeatBuffet

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Re: Brait
« Reply #1 on: May 14, 2013, 11:05:49 am »
FT.com has Brait at a p/e of 5.75, ar they using incorrect data?

http://markets.ft.com/research/Markets/Tearsheets/Summary?s=BAT:JNB
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TheKwok

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Re: Brait
« Reply #2 on: May 14, 2013, 01:44:46 pm »
There are a number of ways of calculating a P/E. You can use the HEPS of the previous financial year, or the EPS of the current 6 months + EPS of previous full year - EPS of 1st 6 months of previous full year, or...or...or

According to my data on Brait:
Sep 12 Interim EPS - 242c
Sep 12 Interim HEPS - 242c
Mar 12 Final EPS - 654c
Mar 12 Final HEPS - 545c
Sep 11 Interim EPS - 491c
Sep 12 Interim HEPS - 346c

It seems FT.com is using the previous financial years EPS in their P/E calculation. However they have their EPS as 661c (compared to my data which is 654c). Not sure why there is a discrepancy

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Moonraker

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Re: Brait
« Reply #3 on: November 05, 2015, 01:30:18 pm »
Very few opinions on BAT here. I like it. Absolutely no debt and lots of cash to invest after selling PEPKOR to Steinhoff. They recently upped their stake in Iceland Foods financed partly from the convertible bond issue. New Look has lots of potential especially if they enter the Chinese market. Nothing wrong with Virgin Active.
So, with all the cash it can't be too long before we hear of another offshore aquisition.
The price however is rich, but that would not concern me unduly. Waiting for that aquisition.
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jaDEB

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Re: Brait
« Reply #4 on: November 06, 2015, 08:38:03 am »
BAT
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jaDEB

If it scares you, it's a sign you need to do it

rjthomas

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Maize shortages in Southern Africa
« Reply #5 on: December 26, 2015, 02:29:47 am »
As you know Maize is an important crop for Southern African foods. Premier foods is one of the largest producer of Maize products and Brait owns 90% of Premier. The demand outstrips the supply, therefore maize prices will continue to increase, and profits should increase for Premier and other maize producers.

Do you agree this is a good time to buy?
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Mr_Dividend

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Re: Brait
« Reply #6 on: December 26, 2015, 05:22:11 am »
I think (and I could be wrong) that the producers will not be able to pass on the fill increases of the inputs onto the consumer. So margins will actually be squeeze.
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rjthomas

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Who has a Brait LSE listing update
« Reply #7 on: February 11, 2017, 05:02:47 am »
In September 2016 there was this report that Brait SE is seeking a listing on the LSE. This seems the logical step for a company with growing investments in Europe and UK. If you have any updates on this, and the expected date, please share them here.

As an avid follower of Christo Wiese, I will start to redirect my investments into Brait SE and Shoprite in anticipation of the tie-up with Steinhoff for the African Retail market. Basically, I will continue to focus on opportunities with exposure outside South Africa.

Have a great weekend!

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PlatinumWealth.co.za

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Re: Brait
« Reply #8 on: February 11, 2017, 01:32:14 pm »
Quote from: rjthomas on February 11, 2017, 05:02:47 am
In September 2016 there was this report that Brait SE is seeking a listing on the LSE. This seems the logical step for a company with growing investments in Europe and UK. If you have any updates on this, and the expected date, please share them here.

As an avid follower of Christo Wiese, I will start to redirect my investments into Brait SE and Shoprite in anticipation of the tie-up with Steinhoff for the African Retail market. Basically, I will continue to focus on opportunities with exposure outside South Africa.

Have a great weekend!



Slight OT:

Do you trade on the Chinese exchange as well?

I see in your sig you live there?

Definitely something I would like to experience.
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www.PlatinumWealth.co.za <- South African Investment and Finance forum.

rjthomas

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Stock markets in China
« Reply #9 on: February 14, 2017, 10:01:38 am »
Foreigners are not allowed to buy shares in China (Shanghai, Shenzhen). In Hong Kong it's possible to use HSBC bank, and I will soon start doing that once my company starts paying my salary there.
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PlatinumWealth.co.za

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Re: Stock markets in China
« Reply #10 on: February 14, 2017, 10:35:11 am »
Quote from: rjthomas on February 14, 2017, 10:01:38 am
Foreigners are not allowed to buy shares in China (Shanghai, Shenzhen). In Hong Kong it's possible to use HSBC bank, and I will soon start doing that once my company starts paying my salary there.

Oh wow that is interesting, I did not even know that.

What affect does that have on an economy?
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rjthomas

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China stock markets
« Reply #11 on: February 24, 2017, 11:38:50 pm »
Not much. Institutional investors are allowed but not individuals. So I guess it doesn't matter much.

Remember there are 1.4 billion people in China and at least 600-800 million people have moved into the middle class in the last 30 years. They don't need foreigners to boost consumption or buy property.
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joeman

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Re: Who has a Brait LSE listing update
« Reply #12 on: March 29, 2017, 01:42:05 pm »
Quote from: rjthomas on February 11, 2017, 05:02:47 am
As an avid follower of Christo Wiese, I will start to redirect my investments into Brait SE and Shoprite in anticipation of the tie-up with Steinhoff for the African Retail market. Basically, I will continue to focus on opportunities with exposure outside South Africa.

Have a great weekend!

How did this work out for you? Brexit has hit them really hard and I'm starting to wonder whether they'll ever get back to all time highs (which would mean almost doubling their current levels!)?  :'(
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Keep calm
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