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...
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 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...
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 ...
Summary MRP delivered strong results for 1H18 with HEPS growth of 23.6% y-y and a recovery in Apparel sales growth. However, the results did benefit from a soft 1H17 base, and our analysis of longer term volume trends show that units sold in this period were slightly less than that of 1H15, even though space increased by 17% since then. More concerning for us are the trends in the homeware chains, as MRP Home’s units sold have been declining since FY13. This suggests to us that there may some s...
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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