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...
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...
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....
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, ...
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 ...
We argue that in view of the significance of private label in the initial investment case for the David Jones acquisition, and management’s admission that the private label performance was disappointing, a revised investment case for the DJ acquisition should be presented. We believe an updated investment case will be key in assessing the appropriateness of the carrying value of the ZAR8.8bn goodwill arising from the acquisition.
Ford Equity International Research Reports cover 60 countries with over 30,000 stocks traded on international exchanges. A proprietary quantitative system compares each company to its peers on proven measures of business value, growth characteristics, and investor behavior. Ford's three recommendation ratings buy, hold and sell, represent each stock’s return potential relative to its own country market.. The rating reports which are generated each week, include the fundamental details behind...
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