Wait for now
The Sasfin share price has been falling and now trades only about 10% above its last reported net asset value (NAV). Typically, this price-to-NAV level of around 1:1.1 is an excellent buying price for the stock, with an expectation that the price will move to around a 40% to 50% premium to NAV, making for a great medium-term trade. But the recent trading update shows HEPS expected to be 14.34% to 21.34% lower and this could pull both the share price and NAV lower. For now, we’re better off waiting for the results and seeing how NAV is doing. Then the share needs improving results to get the price moving higher, so I am watching and waiting.