SBP Trading Statement Bullish

SABVEST CAPITAL LIMITED - Trading statement in respect of six months ended 30 June 2026

Sabvest Capital Limited
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What this filing means

Sabcap guides net asset value per share 18%–24% higher year-on-year to between 16 381 and 17 214 cents, a material step up from 13 882 cents at H1 2025, while the dividend is held flat at 40 cents. The share had sold off 12% in the 20 trading days before the print (negative CAR-20), and a result that crosses fully above the 31 December 2025 NAV of 16 105 cents lands as a genuine surprise rather than confirmation of a familiar story. The figures are unaudited; the audited H1 accounts arrive mid…

Bull case

  • NAV per share guided 18,0–24,0% higher YoY to 16 381–17 214c, the core operational uplift in the statement.
  • Implied H1 2026 NAV sits fully above the 16 105c at 31 December 2025, indicating sequential NAV accretion accelerated into the new half.

Bear case

  • DPS frozen at 40 cents despite a projected 18–24% NAV expansion, capping dividend yield at ~0.84% and offering income holders zero participation in the headline growth.
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Category
Trading Statement
Event posture
Constructive
Published
Aug 5, 2026

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