Summary The SPAR Group Ltd - Company Profile and SWOT Analysis, is a source of comprehensive company data and information. The report covers the company's structure, operation, SWOT analysis, product and service offerings and corporate actions, providing a 360˚ view of the company. Key Highlights The SPAR Group Ltd (SPAR Group) operates as a wholesaler and distributor of food and non-food products. The company offers a range of bakery and confectionery items, grocery items, general merchandis...
MR PRICE GROUP (ZA), a company active in the Apparel Retailers industry, loses a star(s) at the fundamental level and sees its general evaluation downgraded. The independent financial analyst theScreener just removed a fundamental star(s) for a 2 over 4-star rating. As such, market behaviour remains unchanged and is evaluated as moderately risky. theScreener believes that the loss of a star(s) merits downgrade to the general evaluation of the title, which passes to Neutral. As of the analysis da...
THE FOSCHINI GROUP (ZA), a company active in the Apparel Retailers industry, is favoured by a more supportive environment. The independent financial analyst theScreener has confirmed the fundamental rating of the title, which shows 4 out of 4 stars, as well as its unchanged, defensive market behaviour. The title leverages a more favourable environment and raises its general evaluation to Positive. As of the analysis date February 18, 2022, the closing price was ZAR 140.00 and its potential was e...
WOOLWORTHS (ZA), a company active in the Broadline Retailers industry, now shows a lower overall rating. The independent financial analyst theScreener confirms the fundamental rating of 2 out of 4 stars. However, the market behaviour deterioration triggered a risk requalification, which can be thus described as moderately risky. theScreener believes that increased risk justifies the general evaluation downgrade to Neutral. As of the analysis date January 21, 2022, the closing price was ZAR 52.05...
The general evaluation of TRUWORTHS INTL. (ZA), a company active in the Apparel Retailers industry, has been upgraded by the independent financial analyst theScreener with the addition of a star. Its fundamental valuation now shows 4 out of 4 possible stars while its market behaviour can be considered as defensive. theScreener believes that the additional star(s) merits the upgrade of its general evaluation to Positive. As of the analysis date January 18, 2022, the closing price was ZAR 57.68 an...
Full Article at IIR has reaffirmed its Recommended rating for PIA after undertaking a review post the appointment of a new Portfolio Manager, Harding Loevner. The full report can be found on the IIR website. On 26 July 2021, Pengana International Equities Limited (PIA) announced a fully franked dividend of 1.35 cents per share for the June quarter. This represents an 8% increase on the March quarter dividend and takes the total dividends declared for FY21 of 5.1 cents per share, fully franked....
MRP's attractive positioning in the market (value fashion) was diluted in the current period due to poor execution on the product offer, underestimating the impact of high inflation on volumes and inability to adapt offer for changes in the market. The higher frequency of fashion errors (since 2015) and misinterpreting the reaction of the MRP consumer raises risks about internal processes and appropriateness of its sourcing model. The resultant volatility in GP margin dampens the outlook for a...
A director at Truworths International Limited bought 30,000 shares at 50.190ZAR and the significance rating of the trade was 59/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last...
A director at Woolworths Holdings Limited sold 300,000 shares at 54.635ZAR and the significance rating of the trade was 100/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two...
Squarely in the neutral camp At this point in time the major global indexes (MSCI ACWI, ACWI ex-US, EAFE, EM) have failed to break above their respective resistance levels, leaving us squarely in the neutral camp. • We need to see more from cyclical value. We believe the aforementioned major global indexes are likely to remain below resistance or have limited upside unless and until we see more definitive signs of bottoming within cyclical value areas of the market (e.g., Materials, Energy, ...
A director at Mr Price Group Limited sold 100,000 shares at 198.581ZAR and the significance rating of the trade was 100/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two yea...
Truworths (JSE: TRU) results show that poor revenue growth profile is eroding operating margins and returns despite effective inventory and cost control. We believe that this is a result of Truworths' (womenswear) premium pricing, and a lack of innovation and fashion appeal in the product offer and will result in further market share loss. This will dilute TRU returns and earnings growth profile. TRU's ROIC decreased from its historic average of 36.8% (since ‘08) to 21.1% in H1'19. In this r...
WHL's exposure to the department store model dilutes its strong positioning in the Premium Food and Basic Clothing markets. While Management is confident in the strategic plans to turnaround David Jones, we believe that the structural headwinds, recent management changes and weak Australian retail environment increases the risk of disruption to revenue growth, margins and earnings. David Jones' reduction in profits contributed to 70% of the decline in earnings in H1'19. The following factors...
Woolworths Holdings limited (WHL) is ranked as good with a corporate governance score of 3.70 out of 5 (FY'17: 3.72). We believe that WHL has sound governance practices and has a continuous focus on high quality sustainability strategies. However, we vote against the change in LTI perfromance conditions and raise the concern about the retail skills of the board after announced changes to the board.
The apparel retail environment locally and globally has become increasingly challenging. The systemic shift of power from the retailer to the consumer has become evident in global heavy weight results like H&M and Inditex. Growth has slowed from double digit to low single digits. The intense competition, consumers' demand for value fashion and the consumers' changing demands are what retailers contend with. Locally, weak SA consumer consumption has affected apparel retailers. The outlook turned ...
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