Balwin Properties: Worth considering for a recovery portfolio
Balwin, at 250c, is a small to mid-cap worthy of consideration for any recovery portfolio
30 April 2020 - 08:00
In the Covid-19 market of the past month to six weeks, many stocks have become even cheaper than they were in terms of valuations.
But what if a company was already at the bottom of the bargain basement before the slump? Balwin Properties could be classed as such a stock. The company tipped to a low of 180c (reflecting an earnings multiple of less than two) in the last quarter of 2019, then doubled as the market took cognisance of an updated corporate business strategy as well as a more generous dividend payout ratio...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.