Mit der heutigen #Zahlung der Nedbank $JSENED aus Südafrika, habe ich am 13.04.2026 bereits die Gesamtsumme der #Dividenden aus dem Jahr 2021 von 1.562 € übertroffen 💪 Im Vorjahr war ich sogar noch 2 Tage schneller, am 11.04.2025 war es soweit. Der #Schneball rollt 🤑

$JSENED $JSESBK This SENS out on NED today is quite wild So it appears that SBK hasnt crossed the 5% threshold of NED shares previously published. It does however appear that SBK does own NED shares Its accumulating them? Normally you wouldnt want that known beforehand 1/n

SA Banks stretched? Investec updated their recommendation on a couple of them: - Nedbank $JSENED Cut to Hold; PT R292 (6.8% upside) - Standard Bank $JSESBK Cut to Hold; PT R309 (6.6% upside)

There are 16 shares in the JSE ALSI (ex Property) trading on <10x forward P/E ratio and >5% forward implied dividend yield: Couple of interesting names: - Tsogo Sun $JSETSG - Sun International $JSESUI - Truworths $JSETRU - Nedbank $JSENED - ABSA $JSEABG Which shares do you hold?

SA Banks are all up this month : Capitec $JSECPI up 16% Nedbank $JSENED up 15% Standard Bank $JSESBK up 10% ABSA $JSEABG up 9% FirstRand $JSEFSR up 7%

Nedbank Group Ltd ( $JSENED ) Just took profits on Nedbank. Stock offers value, and has been sold off due to growth concerns, will re-enter lower again if I get the chance. On 24th October, S.A will hear the outcome to see if they will be removed off the FATF greylisting.

Nedbank $JSENED is up 9% since last week. The rest of the banks are all up : Standard Bank up 7% ABSA up 6% FirstRand up 4% Capitec up 1%

I’m loading $JSENED ( R211,50)and $JSEABG ( R180). Good chance we wake up post being removed from “Greylisting “ in Oct.

Every company in the JSE ALSI with >30% potential upside based on average sell-side target price. Couple of interesting names on the list: - Reunert $JSERLO 66.5%(?) - TFG $JSETFG 49% - Afrimat $JSEAFT 46% - Tsogo Sun $JSETSG 45% - Bidvest $JSEBVT 36% - Sasol $JSESOL 36% - Nedbank $JSENED 32% Any sitting in your portfolio or watchlist? DYOR!

Sheesh okay okay $JSENED stop shouting I’ll have a nibble

Interesting! P/B just below 1. ROE of about 15%. Market is pricing it for a 15% return. PE of 6 implies yield of 16%. Basically saying $JSENED is never going to grow again (Yield Growth = Total Return) assuming no change in rating

$JSENED - This one is pulling back to a key Buy zone that previously held -R220-225!

Nedbank $JSENED trades at a Foward P/E of 6 and a discount to its book value. The share price is the same as 10 years ago. In August 2015 the share price was also around R230 :

Companies on the JSE trading more than 1 standard deviation below their 5 year average forward P/E: Some big names on the list! Most notably Woolworths $JSEWHL, Nedbank $JSENED, Reunert $JSERLO and the gold counters.

There are 7 shares in the JSE ALSI (ex Property) trading on <7x forward P/E ratio and >7% forward implied dividend yield: Sappi $JSESAP Tsogo Sun $JSETSG Exxaro $JSEEXX ABSA $JSEABG Nedbank $JSENED Thungela $JSETGA Old Mutual $JSEOMU Sappi having a tough time!

Nedbank $JSENED current valuation versus historics: From a P/NAV perspective, not much room to expand; however, earnings multiples are marginally below their 5 year average which may be supportive. Relative industry comparison 👇

There are 9 shares in the JSE ALSI (ex Property) trading on <7x forward P/E ratio and >7% forward implied dividend yield: Oceana $JSEOCE Sun International $JSESUI Nedbank $JSENED Old Mutual $JSEOMU ABSA $JSEABG Investec $JSEINP Exxaro $JSEEXX Tsogo Sun $JSETSG Sappi $JSESAP

This week’s newsletter on Evolution AB $EVO, QuantaSing $QSG, Super Micro Computer $SMCI, and Nedbank #JSENED is out. I also look at rhodium and ruthenium. PM/email for a sample. Enjoy 🔥

Opening a position in Nedbank here #JSENED. Forward P/E of ~6.5x, ~9% dividend yield (fwd). Just too cheap methinks. 🤷‍♂️

Interesting to see how the SA banks moved throughout the day. ABSA $JSEABG initially strong on their results but that faded quickly in line with the rest of them. Nedbank $JSENED looks to be the laggard for the day.