Metair $JSEMTA : The share price closed at R4.41 yesterday, virtually the same as it was back in 2009 after the financial crisis lows :

New 52 week low for automotive retail and component business $JSEMTA Metair Investments Year-to-date -50.7% trading today at 470 cents Back in June 2025 I wrote a @FinancialMail feature on #MTA at 800 cents post an all day site visit with management While much improvement and rationalization had been undertaken there was still much to do and be proven (Autozone for one) as well as the crushing debt pile that consumed a vast proportion of annual profits I stated back then "much of the easy money had been made" in the rally .. and that inventors would need "tangible evidence" that the restructuring would lead to earnings growth Not a stock I was keen on and that remains the case ... that debt pile does not help its case

Spending the best part of the day with small cap $JSEMTA Metair Investments the automotive OEM parts & aftermarket parts (Autozone) business YTD #MTA is -27% to 686 cents In an April @FinancialMail company review I remained cautious on the risks to the #MTA share price & that was the right recommendation given the price slide Past couple of months the share looks like it has bottomed & is ticking higher (is someone accumulating a recovery / value play) despite the gargantuan debt pile ? This is the second site visit I’ve participated in with #MTA. Today, there is a better air of calm & confidence from management Might still be early days but despite the un-sexy nature of the company & sector & the dismal SA economic policy on automotive vehicle manufacture …. gut feel #MTA is less of a dog with fleas today compared to six months ago …. I wonder if some flea & tick powder is being slowly sprinkled on ? Six months ago I’d not touch #MTA (right call) … today I’d say it looks modestly intriguing but I’ve more work to do But yes, it does “feel better” six months on six months …. still but not one for granny’s portfolio …. still more of a risk play

Thanks @davidshap4711 #Sasfin for regular #Christalchallenge updates. Don't have any hopes but am grinding higher, now @FinanceGhost says $JSEMTA is latest thing in the drinking water. Was one of only 4 shares I could find on #JSE with upside target from #TheDawieSetup in Jan'25.

Interim results from automotive parts and battery business were a very mixed bag and justifies the caution I had on $JSEMTA Metair Investments some months ago post a site visit with management The stock is down -15% since the site visit and down -29% year-to-date As I said in my company review despite the hopes for revenue and earnings growth from a restructured base & the addition of Autozone, the gargantuan debt pile was always the elephant in the room. Results confirmed this For the six months, #MTA saw revenue rise 53% to R8,66bn, operating profit increased 27% to R450m and HEPS recovered from last year's loss to 65 cents per share. NAV fell -55% to 1301 cents per share On results #MTA fell -9.47% and continues to look weak. As I said in my article, at some stage that vast debt millstone needs a recapitalisation = probably big rights issue ... if you believed that then why hang onto the stock ? moneyweb.co.za/mny_sens/meta… via @Moneyweb

A tightly packed 4-page H1 2025 trading update from automotive parts & battery small-cap $JSEMTA Metair Investments @5malltalkdaily wrote a 2-page feature in late-June in @FinancialMail at 800 cents stating 'uncertainty remained ... and the early recovery money had been made'. Today, #MTA is 599 cents (-25%) The extensive trading update is on-going work in restructuring and getting the remaining #MTS assets back to a reasonable operating tack - despite still having vast debt that dwarfs the market cap (continues to concern me & at some stage this will have to be addressed probably via a huge capital raise I wager) Once-off costs, restructuring and other issues lead continuing operational interim results reporting a loss of 80 - 90 cents per share (from a prior 3 cents). Excluding these, HEPS would be down between 6% to 10% to a range of 69 - 72 cents per share Results out September 10th My narrative of June 26th is maintained. Too much uncertainty currently especially given the operating environment #MTA is in

In the month end edition of @FinancialMail the back of magazine Investors Monthly section will have a plethora of company reviews to enlighten readers from me @smalltalkdaily and my compatriots @MarcHasenfuss @FinanceGhost My contributions this month are company reviews on $JSEADH ADvTech $JSEBWN Balwin Properties $JSESHG Sea Harvest I also wrote a feature on $JSEMTA Metair Investments following my participation in a company site visit Out on the news stands on Wednesday, go get your copy

Hello from Benoni. @smalltalkdaily is at First Battery a division of $JSEMTA Metair Investments on a site visit of the company today Let’s see what’s going on here

Been invited to tour and visit the various local operations of $JSEMTA Metair Investments with an unpack of current business strategy and business recovery initiatives The battery smelting and production factory (First Battery) then the new Autozone division in Johannesburg The stock has had a horrific period past years as calamitous offshore operations (now exited) and a crushing debt pile >R4bn has weighed on the stock and its sagging share price which is down -39% over one year and -75% over 3 years I've kept a file on #MTA for some 25 years, its been a train smash the past years, let's see if the current new management team have a plan Always worth kicking a tyre, if even its flat & manky....maybe, just maybe, it can get a re-tread ?

At last embattled, debt laden $JSEMTA Metair Investments whose stock has fallen -45.28% year to date and -21% since the last HEPS update on February 14th, announces that the R1,072m market cap business which has R4 billion of debt - most short term - has restructured and refinanced its debts Seems to lift the immediate threat of a vast, dilutive right issue (but) in this morning's @JSE_SENS they do not give an unequivocal NO so it hangs in the air (maybe as a later option) ? At least the R4 billion debt has been reorganised so that is some relief at least for the company and share price

When you have to issue a 4-page YE2024 trading update to explain the kak inside the business you just know its going to be awful $JSEMTA Share slumping towards a further 52-week low at 652 cents -5.51% HEPS loss forecast ranging between 185.33cps to 212.33cps vs a positive 135cps in FY2023 Continuing operations HEPS - once all the baggage and kak removed - 78.56cps to 98cps or 0% to 20% higher With R4bn in debt there is clearly a need for a right issue which given the sagging share price will not be anything that drives investors towards the stock as the "capital restructuring" hangs in the air The EU is also investigating the European battery sector with #MTA commenting "at this stage, no ruling or final determination has been made by the Commission and a reliable estimate of the FINE cannot be determined" Year-to-date #MTA -30% with the stock now falling into the micr0-to-small cap level at R1,392m Results out March 26th with associated YE2024 webinar Caveat Emptor as I've commented for some time

Tankity Tank $JSEMTA Metair hits another new 52-week low at 680 cents, year-to-date #MTA -25.4%

$JSEMTA Metair having a sickly start to 2025 A stock that BADLY needs any glimmer of good news as the narrative & optics on #MTA has been dire Turkey its problems and losses may be gone (for tuppence) but the adventure by previous management was a mutli-billion rand disaster that still weighs Where is the light at #MTA ? OEM vehicle parts is hardly a sexy business, EV's threaten on the horizon as the rampage by Chinese ICE & EV's globally and locally are trampling traditional vehicle manufacturers - clients of #MTA #MTA needs a reinvention - but what? Batteries ? And is #MTA competent and nimble enough to evolve. The share price is telling you the market is worried

How to burn away US$212 million or R3.78 billion at current $ spot rates ... just give it to $JSEMTA Metair Investments (ha what a name, they should change that quickly to better reflect their abysmal track record)

Ten years ago $JSEMTA Metair Investments peaked at c.4100 cents its been on a one way slide to a new 52-week low (today) ever since Always lots of promises and few actual deliverables

$JSEMTA #METAIR #AUTOZONE 🔴Metair said on Friday it has agreed to buy privately owned AutoZone, which is under business rescue, for up to R290m 🔴Explaining the reason for its interest in AutoZone, Metair said the acquisition is in line with its strategy of diversification in the mobility sector and provides it with an established distribution channel to grow its automotive aftermarket businesses in South Africa. 🔴AutoZone is a privately owned leading distributor of auto parts, spares and car accessories in South Africa, with about 169 retail stores and seven QSV stores. 🔴AutoZone entered into business rescue proceedings on July 1. As at July 1, the value of AutoZone's net assets was cR485m. This included net working capital of R421m

$JSEMTA - Prescient downgrade post T/S to R12 a week ago - lingering Debt concern while Hesto begins to deliver. de-ratings take ages to navigate. From a trading perspective it’s closed the gap and fight finds some buying here R12,25.

Perpetual underperformer $JSEMTA Metair Investments announces it is exiting its battery business Mutlu Holdings in Turkey selling it for US$110m or R1,95bn selling it to Quexco, a US-based holding company for a number of investments in the energy and materials space. Its largest holding is Bestolife, a company producing compounds and lubricants Granted geo-politics has changed the Turkish battery segment and the key Russian market for the Turkish batteries has died but the @JSE_SENS also shows how MUCH the Rand has tanked over the years #MTA bought 75% of Mutlu in 2013 for US$220m or R2.17bn (c.R9.86 to $ back then) they now exiting at R17.76 #MTA did a squeeze out transaction at nominal cost to acquire 100% of Mutlu in 2015 At least the Rand strengthened after the GNU giving some face to #MTA who have seen their ass investing offshore

$JSEMTA - We re-entered on the the trigger above R14,25 for a momentum play into T/S!