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BAT trade ideas

Our opinion on the current state of BRAIT(BAT)Brait (BAT) is an investment holding company which owns 78% of Virgin Active, 93.7% of Premier, and 18.5% of New Look (a clothing retailer in the UK). It sold its stake in Iceland Foods for R2.4bn in June 2020 and used the proceeds to pay down debt. It is itself 46% owned by Christo Wiese's company Titan. The company's most important performance measure is its net asset value (NAV). The NAV was impacted by a change in the valuation multiple for Premier, which was reduced from 12.4 times to 11.4 times. The turnaround at New Look is very important to the group. In January 2019, Brait announced that it had come to an agreement which would see its holding of New Look reduced to just 18.5%. This was done through a debt-swap which takes New Look's debt down from GBP 1.35bn to GBP 0.35bn. The news of this capitulation saw Brait's share price drop by over 20%. Virgin Active is 65% of the Brait portfolio and has been battling with the impact of COVID-19. Business Day (14/11/22) reported that Brait will have a cash pile of R2.1bn after the Premier listing. Technically, Brait had a series of falling tops at around R170 in 2015 and 2016 that would have scared any private investor. This was followed by a collapse of the share price down to 231c in March 2020. Since then, the share has been moving sideways but spiked up on its latest results. The announcement of the R3bn rights offer in its latest results did not please the market, and the share fell over 10%. In its results for the year to 31st March 2024, the company reported that its net asset value (NAV) had fallen from 706c per share a year ago to 652c. The company said, "Virgin Active’s strong performance and operational turnaround has continued with all territories now EBITDA positive. Robust operating performance across key territories with active membership increasing to 1.021 million over the past twelve months combined with 10% average yield enhancements across the portfolio." The company's headline loss for the year was 13c per share, following a 70c loss in the previous year. We feel that Brait has lost some of the appeal that it once had, and Christo Wiese is under a cloud since the collapse of Steinhoff. In our opinion, this share is not a buy at the moment. The share has become a penny stock trading for less than 100c and has been trending down since 2021. Technically, it needs to break above resistance at 500c before it becomes interesting - and that is a long way away.
JSE:BAT
by PDSnetSA
Our opinion on the current state of BATBrait (BAT) is an investment holding company that owns 78% of Virgin Active, 93.7% of Premier, and 18.5% of New Look (a clothing retailer in the UK). It sold its stake in Iceland Foods for R2.4bn in June 2020 and used the proceeds to pay down debt. It is itself 46% owned by Christo Wiese's company Titan. The company's most important performance measure is its net asset value (NAV). The NAV was impacted by a change in the valuation multiple for Premier, which was reduced from 12.4 times to 11.4 times. The turnaround at New Look is very important to the group. In January 2019, Brait announced that it had come to an agreement which would see its holding of New Look reduced to just 18.5%. This was done through a debt-swap which takes New Look's debt down from GBP1.35bn to GBP0.35bn. The news of this capitulation saw Brait's share price drop by over 20%. Virgin Active, which constitutes 65% of the Brait portfolio, has been battling with the impact of COVID19. Business Day (14/11/22) reported that Brait will have a cash pile of R2.1bn after the Premier listing. Technically, Brait had a series of falling tops at around R170 in 2015 and 2016 that would have scared any private investor. This was followed by a collapse of the share price down to 231c in March 2020. Since then, the share has been moving sideways but spiked up on its latest results. The announcement of the R3bn rights offer in its latest results did not please the market, and the share fell over 10%. In its results for the six months to 30th September 2023, the company reported active membership up 10% and "Continued strong performance in HY24, with EBITDA growth of 24% to R1 billion (LTM EBITDA of R1.9 billion), driven by strong growth across all divisions except for the Mozambican business." The company's net asset value (NAV) fell 3% to 684c per share, and headline earnings per share was 1c compared with a loss of 32c in the previous period. In a pre-close trading update, the company said, "Revenue in the MillBake business continued to see inflationary price increases that were delivered during the period. ... Virgin Active South Africa increased its active membership base from 606k as at 30 September 2023 to 625k as at 29 February 2024... against the backdrop of a soft and competitive UK retail market, New Look had a reasonable Christmas Quarter." We feel that Brait has lost some of the appeal that it once had, and Christo Wiese is under a cloud since the collapse of Steinhoff. In our opinion, this share is not a buy at the moment. The share has been trending down and needs to break above resistance at 500c before it becomes interesting - and that is a long way away.
JSE:BAT
by PDSnetSA
Our opinion on the current state of BATBrait (BAT) is an investment holding company which owns 78% of Virgin Active, 93,7% of Premier and 18,5% of New Look (a clothing retailer in the UK). It sold its stake in Iceland Foods for R2,4bn in June 2020 and used the proceeds to pay down debt. It is itself 46% owned by Christo Wiese's company Titan. The company's most important performance measure is its net asset value (NAV). The NAV was impacted by a change in the valuation multiple for Premier which was reduced from 12,4 times to 11,4 times. The turnaround at New Look is very important to the group. In January 2019, Brait announced that it had come to an agreement which would see its holding of New Look reduced to just 18,5%. This was done through a debt-swap which takes New Look's debt down from GBP1,35bn to GBP0,35bn. The news of this capitulation saw Brait's share price drop by over 20%. Virgin Active is 65% of the Brait portfolio and has been battling with the impact of COVID19. Business Day (14/11/22) reported that Brait will have a cash pile of R2,1bn after the Premier listing. Technically, Brait had a series of falling tops at around R170 in 2015 and 2016 that would have scared any private investor. This was followed by a collapse of the share price down to 231c in March 2020. Since then the share has been moving sideways, but spiked up on its latest results. The announcement of the R3bn rights offer in its latest results did not please the market and the share fell over 10%. In its results for the six months to 30th September 2023 the company reported active membership up 10% and "Continued strong performance in HY24, with EBITDA growth of 24% to R1 billion (LTM EBITDA of R1.9 billion), driven by strong growth across all divisions except for the Mozambican business". The company's net asset value (NAV) fell 3% to 684c per share and headline earnings per share was 1c compared with a loss of 32c in the previous period. We feel that Brait has lost some of the appeal that it once had, and Christo Wiese is under a cloud since the collapse of Steinhoff. In our opinion, this share is not a buy at the moment. The share needs to break above resistance at 500c before it becomes interesting - and that is a long way away.
JSE:BAT
by PDSnetSA
TRADE UPDATE: BRAIT Plc great company but still coming downLarge Bear Box Pattern formed and the price broke below. The signs were showing downside to come. But it's been a slow trade. 200 > 21> 7 - Bearish RSI <50 Bearish Target remains at R2.50 ABOUT THE COMPANY Brait SE was founded in 1991 and is headquartered in Johannesburg, South Africa. The company has a diversified portfolio of investments in various sectors, including healthcare, food, retail, and financial services. The company has investments in several well-known brands, including Premier Foods, Virgin Active, and New Look. The company has a market capitalization of approximately R4.4 billion as of April 2023. Brait's largest shareholder is Christo Wiese, a South African billionaire businessman. Brait's current CEO is John Gnodde, who has been with the company since 2014. In 2015, Brait acquired a 90% stake in Virgin Active, one of the largest health and fitness club operators in the world.
JSE:BATShort
by Timonrosso
BRAIT showing strong downside to come to R2.50Large Bear Box Pattern formed over the last year with Brait. And unfortunately it gets worse. The Highs have become lower and lower accompanied by bearish indicators. 200 > 21> 7 - Bearish RSI <50 Bearish Target R2.50 WARNING: The breakout was definitely not a strong one. So, if there are strong prospects and investors want to protect the company, it could very well be a fakeout. Until then it's bearish until the trend turns. ABOUT BRAIT BRAIT SE (Est. 1995 in Stellenbosch, South Africa) is an investment holding company listed on the Johannesburg Stock Exchange (JSE) and the Euro MTF market of the Luxembourg Stock Exchange. BRAIT invests in a diversified range of businesses, including consumer goods, health and wellness, and technology, media, and telecommunications (TMT) sectors. BRAIT has a global presence, with investments in South Africa, Europe, and the United States. Here are some companies BRAIT has major investments in Premier Foods - a leading food manufacturer in South Africa, producing a range of products under popular brands such as Blue Ribbon, Snowflake, and Manhattan. Virgin Active - a global health and fitness club chain, with over 200 locations in the UK, South Africa, Italy, Spain, Portugal, and Australia. Iceland Foods - a UK-based frozen food retailer, known for its value and convenience, with over 950 stores across the UK.
JSE:BATShort
by Timonrosso
$JSEBAT - Brait PLC: Triangle Creates Bullish ExpectationsWatch the QuanTechMental analysis using this link youtu.be Brait has undergone some restructuring of its business over the past three years and has seen the share price drop from lofty heights to hitting a bottom in March 2021 at R2,30. The rally to R5,10 unfolded in a clear impulsive manner which i have labelled wave 1 to 3. Since hitting the R5,10 the share has traded sideways. Consistent with the wave principle, sideways consolidation tends to be a triangle or a combination pattern with a triangle. As long as price holds above R3,49 this outlook remains valid and a break below R3,49 will prompt a re-assessment of the pattern unfolding. Trade recommendation buy @ 420 zac stop-loss @ 348 zac
JSE:BATLong
by Loyiso_BlaqueSoros_Mpeta
Buying Opportuniy on BATBAT Daily Time-frame. Possible buying opportunity. My reasons: Market got rejected from the lower resistance level (red zone) and broke out from the trendline..it also retested the trendline and got rejected there as well. Market also got rejected from the blue resistance level. I would have my targets at the dark green zone, anywhere between 400c and 440c..this is on a daily timeframe so it might some time for it to get there. I would enter now(@283c) and if the market goes against me, i'd cut my losses at around 200c. This is all based off of technical analysis, use it with some fundamentals to get a clearer picture if where the market might go.
JSE:BATLong
by StonksInsider
BATThis note is an extract from my weekly research report Brait (BAT) | On Friday, volume was substantially higher at 5.38m shares traded versus it's 50-day average of just over 1 million shares. The share also traded close to 2 std deviations below it's 200-day linear regression and also developed a long candle wick on the day, suggesting strong buying interest off the lows. I'm look for the share to start developing a base around these levels with a medium term move toward the mean between 360c and 380c.
JSE:BAT
by LD_Perspectives
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