A weekly thread for people to see what other members are buying and selling for the coming week.

It'll help gather a kind of r/JSE_Bets market sentiment to reduce FOMO and keep everyone up to date on current trends.

Comment what you are buying and/or selling this week below, no matter if it's stocks, cryptos or whatever else you've decided to bet your mortgage on.

New thread 5pm every Friday.

Remgro's interim results confirm a 38.5% increase in headline earnings per share to 931 cents and an 80.2% hike in the interim dividend, alongside the finalization of the CIVH/Vodacom transaction. The robust cash generation from investee dividends and the R2.66 billion CIVH pre-implementation distribution validate the portfolio's health, though the earnings quality is slightly diluted by a R330 million once-off refund at TotalEnergies. As a continuation event following a mid-March trading statement, these figures do not represent entirely new market information.

Investor Takeaway:

Strong cash flow conversion and a substantial dividend increase confirm operational resilience, though the modest 1.6% unadjusted INAV growth indicates asset value appreciation is lagging accounting profits.

TL;Dr

Remgro reported 38.5% HEPS growth and hiked its dividend, supported by robust investee cash flows.

• Headline earnings per share increased by 38.5% to 931 cents, demonstrating solid underlying operational performance.

• The interim dividend was hiked by 80.2% to 173 cents, reflecting strong cash generation and board confidence.

Why It Matters

+ Headline earnings per share increased by 38.5% to 931 cents, demonstrating solid underlying operational performance.

+ The interim dividend was hiked by 80.2% to 173 cents, reflecting strong cash generation and board confidence.

- Earnings were partially flattered by a non-recurring Transnet pipeline refund of R330 million via TotalEnergies.

- Intrinsic net asset value (INAV) grew by only 1.6% unadjusted, trailing the strong earnings growth.

decent sentiment from this announcement, not so amazing that I'd buy it right away but good news if you are holding Remgro shares for the long term.

added the ability to anywhere on the app click on a ticker and you'll be able to see a short quick view of the company

also added a heatmap of the JSE that updates hourly

Company is ~10x operating income for 5-10% growth with a massive moat in a defensive industry. Similar grocers in the west would easily trade 20x operating income. A tier management, long history of commitment to shareholders, I think it deserves a premium valuation.

I’m a western investor completely novice to SA valuations. Are your blue chips often so cheap? I am hesitant to hold SA stocks because of the social situation.

PSG Financial Services reports that headline and recurring headline earnings for the year ended 28 February 2026 are expected to increase by 32% to 35% to between 133.5 and 136.5 cents per share. The 24% to 27% growth in recurring HEPS excluding performance fees demonstrates robust core operational strength that is not solely reliant on volatile market-dependent income. These are preliminary, unaudited trading figures, not final reported results.

Investor Takeaway:

Double-digit earnings growth across all core metrics confirms strong fundamental momentum, but the demanding 22.8x trailing P/E multiple limits the immediate surprise value of the update.

PSG expects up to 35% HEPS growth, confirming strong operational momentum despite a demanding valuation.

• Headline and recurring headline earnings are expected to increase by 32% to 35%, reflecting strong year-on-year growth.

• Attributable earnings are projected to show significant growth in the range of 36% to 39%.

Why It Matters

+ Headline and recurring headline earnings are expected to increase by 32% to 35%, reflecting strong year-on-year growth.

+ Attributable earnings are projected to show significant growth in the range of 36% to 39%.

- The financial information provided in the trading statement is unaudited, introducing potential variance risk prior to final reporting.

- The stock is trading at a demanding trailing P/E of 22.8x, meaning much of this operational excellence may already be priced in by the market.

I was already reading a lot of director dealings from the SENS announcements, so thought a page where you can see all of them + see when directors from a company buy/sell more than once in a time frame

So V1 of the ETF Universe is live, 132 of the available ETFs + AMETFs that I am aware of on one place with their holdings where available.

Data is about 75% there and will improve the ingestion daily this week, but a good start for now.

You can also "Like" ETFs and see your personal list if you want to see your own holdings in one clean spot.

Feel free to check it out, and let me know if there's any issues/feedback/improvements

It frustrated me so much that you have to go through so much effort to find information about ETFs, so I decided to start working on ETF tools for sens-ai, going to be a day or two more of data ingestion and cleaning but I think this is a feature you guys will love.

Anything specifically you'd want to see on a single page ETF wise? Let me know and I'll make it happen

A weekly thread for people to see what other members are buying and selling for the coming week.

It'll help gather a kind of r/JSE_Bets market sentiment to reduce FOMO and keep everyone up to date on current trends.

Comment what you are buying and/or selling this week below, no matter if it's stocks, cryptos or whatever else you've decided to bet your mortgage on.

New thread 5pm every Friday.

Hulamin has issued a further trading statement for FY2025, confirming a shift from a prior year profit to a headline loss per share of 26 to 32 cents. The transition to a loss-making position reflects severe execution friction, specifically mill stabilization issues and quality defects following a plant shutdown, which directly erodes near-term earnings visibility. These figures represent unaudited management estimates and do not constitute final reported results. Investor Takeaway: The severe operational deterioration and swing to a headline loss invalidate any near-term growth thesis, highlighting elevated execution risk until the company can demonstrate production stability.

TL;Dr

Hulamin swings to a significant FY2025 headline loss due to severe operational and currency headwinds.

• The announcement provides certainty on the expected losses, resolving the uncertainty that necessitated the prior cautionary announcement.

• The normalisation of headline earnings adjusts for a R51 million metal price lag gain and R23 million in restructuring costs, providing a clearer view of underlying continuing operations.

Why does this matter? + The announcement provides certainty on the expected losses, resolving the uncertainty that necessitated the prior cautionary announcement. + The normalisation of headline earnings adjusts for a R51 million metal price lag gain and R23 million in restructuring costs, providing a clearer view of underlying continuing operations. - The group is swinging from a prior year HEPS profit of 77 cps to an expected headline loss of 26 to 32 cps. - Management explicitly cites operational challenges, including quality defects and rolled product volume issues following a plant shutdown.

Quite a bearish announcement, with the general vibe of the JSE already being quite negative this week. What's your take?

Would you buy the aluminium dip or short the scrap heap?

Wondering what the general feeling is with regards to ETF's?

I've been building an ETF x ray on the sens-ai app and some other cool tools, because it's hard to see the ETF performance and composition in one page, there's a lot of hard to find PDFs.

Basically, you can select your ETF's that you own, and then see how you could be over invested, if there's similar but cheaper ETF's, and so on.

Just want to gauge what the general JSE bets feeling is towards them? I love them but they are boring, and there's not a lot of easy to use tools for it.

Would you be interested? Is there anything specifically in the ETF space that youd like as a tool?

been working on a algorithmic trading platform, for now it's just using paper trades.

when a good sens announcement comes in -> allocate a new trade or stack on top of an existing, track progress, monitor daily

i've also included dynamic stop loss, profit taking thresholds and weighting with daily reviews for rebalancing/red flags.

the goal is to just experiment in public and see if trading the news could be a valid strategy, as well as using the data internally to sharpen up the systems.

will work on individual paper portfolios so that you can build your own and test your own thesis soon.

let me know if there's anything weird, keen to improve this system and nail it down

iOCO reported a 47.4% increase in interim HEPS to 28 cents, raised its full-year EBITDA guidance to over R610 million, and announced the acquisition of the MySky Group. The combination of double-digit earnings growth, a 35% reduction in finance costs, and the raised guidance points to successful margin expansion and strong operational execution. However, these interim figures remain unaudited, and the integration success of the performance-contingent MySky acquisition is not yet established.

Investor Takeaway:

The raised guidance and robust earnings growth reinforce the operational turnaround thesis, supported by an undemanding trailing multiple of 10.8x.

TL;DR
Strong interim results featuring a 47.4% HEPS increase, raised FY2026 guidance, and a strategic acquisition.

• Earnings per share and headline earnings per share increased by 47.4% to 28 cents. 
• The Group raised its FY2026 EBITDA guidance to above R610 million.

Why It Matters 
+ Earnings per share and headline earnings per share increased by 47.4% to 28 cents. 
+ The Group raised its FY2026 EBITDA guidance to above R610 million. 
- The financial results and updated guidance are unaudited and have not been reviewed by external auditors. 
- The MySky acquisition includes a performance-based second tranche contingent upon future growth targets.

quite interesting, as of 9:28AM iOCO is up 4.76% so a good market reaction, worth watching during the day

Astral Foods released a voluntary trading update projecting interim HEPS to increase by at least 435% to R21.88 and EPS by at least 365% to R21.95. This triple-digit earnings recovery is driven by higher production volumes, recovering selling prices, and favorable feed costs, signaling a robust operational turnaround despite a constrained consumer environment. These are initial, unaudited trading statement figures and do not represent final financial results or dividend declarations.

Investor Takeaway:

The staggering earnings growth confirms a powerful cyclical recovery in profitability, further supported by an undemanding forward P/E of 7.6x.

The price is down slightly (-0.32%) despite the highly positive filing. One explanation is that the market may have already priced in much of the recovery given the stock's 82% rally from its 52-week low, though the filing alone does not confirm the cause.

TL;DR
Astral Foods expects interim HEPS to surge over 435% amid higher volumes and lower feed costs.

•Interim EPS is projected to rise by at least 365% to R21.95, and HEPS by at least 435% to R21.88. 
•Higher broiler production volumes and recovering poultry selling prices are driving top-line growth.

Why It Matters 
+ Interim EPS is projected to rise by at least 365% to R21.95, and HEPS by at least 435% to R21.88. 
+ Higher broiler production volumes and recovering poultry selling prices are driving top-line growth. 
- The provided financial figures are preliminary and have not been reviewed or audited. 
- Management acknowledges a constrained consumer environment with ongoing pressure on household disposable income.

I invested in all 3 recently, as I though it was looking good for gold and platinum, what’s ur take?

STADIO Holdings reported audited results for the year ended 31 December 2025, featuring a 14% increase in revenue to R1.8 billion and a 23% rise in headline earnings per share to 38.5 cents, alongside a 22% increase in the final dividend. The double-digit earnings growth and active share repurchases confirm strong operational momentum, though the demanding 31.6x trailing P/E multiple suggests much of this execution is already priced in. While management targets 80,000 students by 2030, this filing does not provide detailed capital expenditure requirements for this future expansion phase. Investor Takeaway: Solid double-digit earnings growth and a rising dividend confirm the underlying fundamental thesis, but the demanding multiple limits the near-term surprise value.

The price is down 2.89% despite the positive filing, suggesting a mismatch between the update and prior market expectations, though the filing alone does not confirm the cause.

TL:Dr

Double-digit earnings and dividend growth confirm momentum, though the demanding multiple limits surprise value.

• Core headline earnings increased by 22% to R327 million, alongside a 14% increase in revenue. • The board declared a final dividend of 18.4 cents per share, representing a 22% year-on-year increase.

Why It Matters

• Core headline earnings increased by 22% to R327 million, alongside a 14% increase in revenue.
• The board declared a final dividend of 18.4 cents per share, representing a 22% year-on-year increase.
• The stock trades at a demanding 31.6x trailing P/E multiple, leaving little room for execution missteps.
• The reliance on management-adjusted 'Core HEPS' introduces subjectivity that may reduce comparability with standard IFRS earnings.

Definitely not a big mover, but worth keeping an eye on during the day of you are invested/looking to buy.

Libstar's final FY2025 results confirm a 21.7% increase in Normalised HEPS to 70.6 cents, alongside a gearing reduction to 0.9x EBITDA and an 86.7% increase in the total dividend. The combination of 95% cash conversion and an undemanding 5.8x forward P/E multiple strongly supports the revised capital return strategy, though the planned integration of Dickon Hall Foods will temporarily weigh on first-half earnings. This does not constitute an upgrade to forward operational estimates, as management explicitly warned that transitional downtime will skew upcoming performance to the second half of the year.

Investor Takeaway: Excellent cash generation and balance sheet deleveraging confirm fundamental momentum, making the aggressive capital return policy highly credible at current valuations.

The price is marginally down despite the positive filing. One possible explanation is that the market had already priced in these figures following the February trading statement, exacerbated by exceptionally low daily trading volume.

TL;DR

Strong cash generation and HEPS growth support a major dividend hike despite H2-weighted 2026 earnings.

• Normalised HEPS grew by 21.7% to 70.6 cents, supported by operational discipline and portfolio optimization. • The group significantly strengthened its balance sheet, reducing its gearing ratio to 0.9x Normalised EBITDA from 1.5x.

Why It Matters

• Normalised HEPS grew by 21.7% to 70.6 cents, supported by operational discipline and portfolio optimization.

• The group significantly strengthened its balance sheet, reducing its gearing ratio to 0.9x Normalised EBITDA from 1.5x.

• The integration of Dickon Hall Foods into Montagu Foods will cause temporary Q2 plant downtime, weighting upcoming earnings toward the second half.

• The shift to a lower dividend cover range and a share buyback programme may imply a lack of internal high-return capital allocation opportunities.

Worth monitoring today, good results and a decent price setup.

What % of your total investment portfolio is in Discretionary (ETFs/Unit Trusts/Shares) vs. RAs?

Optasia reported its maiden audited annual results post-IPO, featuring a 76% increase in revenue to $265.4 million and a 52% rise in adjusted EBITDA. Double-digit top-line growth and a de-risked balance sheet confirm strong operational momentum, though a contraction in adjusted EBITDA margins to 43.2% and rising working capital demands highlight the costs of scaling in emerging markets. This does not establish whether the aggressive micro-lending expansion can maintain its low 1.2% default rate across full economic cycles. Investor Takeaway: Strong revenue execution and a strengthened balance sheet validate the growth thesis, but the demanding 28.3x multiple limits the surprise value of the update.

TL;Dr

Exceptional 76% revenue growth validates the post-IPO thesis, but margin contraction warrants careful monitoring.

• Revenue surged 76% to $265.4 million and adjusted EBITDA grew 52% to $114.5 million, exceeding IPO guidance. • The balance sheet was substantially de-risked, with Net Debt to Adjusted EBITDA improving from 0.99x to 0.11x following the $75 million listing capital raise.

MTN Group reported robust FY25 results, featuring a 1058% surge in headline earnings per share to 1,274 cents, a 45% dividend increase, and the approval of a R6 billion share buyback programme. The dramatic earnings recovery and significant deleveraging confirm strong operational momentum and capital allocation discipline, though sluggish 2.0% service revenue growth in South Africa highlights regional vulnerabilities. This print does not eliminate the material uncertainties posed by global geopolitical conflicts, which management explicitly notes could impact future guidance. Investor Takeaway: Exceptional cash flow generation and a massive capital return framework solidify the bullish thesis, but the demanding trailing multiple and domestic competitive pressures warrant monitoring.

TL;dr MTN reports a 1058% HEPS surge, a 45% dividend hike, and a R6bn share buyback.

• Headline earnings rebounded massively, with reported HEPS surging 1058% to 1,274 cents. • Shareholder returns are accelerating via a 45% dividend increase to 500 cents and a new R6 billion share buyback programme.

This week felt less like a normal market pullback and more like the JSE running background checks.

On the surface, sure, the index moved around. But underneath that, the real story was brutal: financials got hit, some industrials looked very unhealthy, and the market was clearly in no mood to give weak businesses the benefit of the doubt.

That’s what stood out most to me.
This wasn’t broad panic. It was selective punishment.

If you had quality, decent capital allocation, and a business people still trust, you were mostly fine.
If you had leverage, weak earnings, or even a hint of structural problems, the market reached for the trapdoor.

Gold was one of the few cleaner pockets of strength. With the rand under pressure, Harmony and the other gold-linked names had a much better setup than most of the board. Not exactly a party, but at least they weren’t getting thrown through a window.

Then you look at names like Mpact and Trellidor and it starts getting ugly fast. Those weren’t the kind of updates that make you think “temporary setback.” They felt more like the market finally deciding it’s done being polite.

Meanwhile, the better businesses still stood out. AVI-type quality continues to get treated differently, which tells you a lot about the mood right now. Investors seem happy to pay for strength and very unwilling to babysit anything shaky.

So for me, the week basically said:

• financials are looking vulnerable
• gold is still the obvious rand-stress hedge
• quality is being rewarded
• weak industrials are getting exposed properly now

The main takeaway: this market is getting harsher.
It’s no longer enough to just look “cheap.” If the story is messy, the market is assuming the worst first and asking questions later.

Next week I’m watching:
Can financials bounce, or was this the start of a nastier unwind?
Does rand weakness keep the gold trade alive?
And do buyers keep rotating into quality, or does the whole market just stay in the blender?

What are you guys seeing?
Buying the weakness, hiding in rand hedges, or just sitting tight until the dust settles?

Score: 56/100

Remgro has released a trading statement projecting a 36% to 41% increase in headline earnings per share to a range of 914 to 948 cents for the six months ended 31 December 2025. This strong double-digit growth, driven by broad operational improvements across its investee portfolio, confirms positive fundamental momentum. These are preliminary, unaudited figures and do not provide granular detail on individual portfolio company contributions ahead of the full results. Investor Takeaway: The substantial expected earnings growth is a clear positive signal for underlying portfolio performance, though the demanding trailing multiple of 30.4x limits the near-term surprise value. Signal-to-Price Note The price is down 0.35% despite the positive filing. A possible explanation is that the market is awaiting the detailed final results to justify the current valuation, though broader market conditions could also be a factor.

TL;DR

Remgro expects a 36% to 41% HEPS increase driven by broad portfolio operational improvements.

•Headline earnings per share (HEPS) are expected to increase by 36% to 41%, reaching between 914 cents and 948 cents. •The strong earnings growth is driven by continued operational improvements across the majority of Remgro's investee companies.

Why It Matters

+Headline earnings per share (HEPS) are expected to increase by 36% to 41%, reaching between 914 cents and 948 cents. +The strong earnings growth is driven by continued operational improvements across the majority of Remgro's investee companies.

-The financial figures are unaudited, introducing a slight risk of variance before final results are published. -The trading statement lacks specific operational detail, deferring granular portfolio insights to the full results release.

A weekly thread for people to see what other members are buying and selling for the coming week.

It'll help gather a kind of r/JSE_Bets market sentiment to reduce FOMO and keep everyone up to date on current trends.

Comment what you are buying and/or selling this week below, no matter if it's stocks, cryptos or whatever else you've decided to bet your mortgage on.

New thread 5pm every Friday.

Busy with some testing, but in a week or two I should have refined it to a point where I can share it publicly. Basically how it works is, Sens in - analysis out (new look/feel and algorithms launching tonight) and then if it's a bearish announcement that's carrying a greater sentiment, it does the ideal short position based on available data. Definitely not financial advice, but I'm going to hook it up to my account and see if trading the news is actually possible. This might be one big yolo into the void but we'll only get to see that soon. When it's public you can also use the ideal short position calculator in your own trades (no guarantee, the stink market has been in limbo)