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CLICKS GROUP sees a downgrade to Neutral on account of less fundamenta...
The independent financial analyst theScreener just lowered the general evaluation of CLICKS GROUP (ZA), active in the Drug Retailers industry. As regards its fundamental valuation, the title now shows 0 out of 4 stars while market behaviour can be considered defensive. theScreener believes that the title remains under pressure due to the loss of a star(s) and downgrades its general evaluation to Neutral. As of the analysis date February 11, 2022, the closing price was ZAR 296.16 and its target p...
- Dave Nicoski
- Ross LaDuke
Vermilion Int'l Compass: Global Equity Strategy
Dollar Surge Further Aggravates Equity Markets Support levels have meant little more than talking points as indexes are slicing through them like butter. The truth remains that no one knows how low we will go, and the trend is still down for global equities. At the same time, every week where the MSCI ACWI loses ~10%, it gets that much closer to finding a bottom. Below we provide updates on several indicators we are watching as to clues of a bottom. · US Dollar Surging. The US dollar ...
10D6 CLICKS GROUP LIMITED
IZZ TAL EDUCATION GROUP SPONSORED ADR CLASS A
N1U NEW ORIENTAL EDUCATION & TECHNOLOGY GROUP INC. SPONSORED ADR
002157 JIANGXI ZHENGBANG TECHNOLOGY CO. LTD. CLASS A
2782 SERIA CO. LTD.
002001 ZHEJIANG NHU CO. LTD. CLASS A
ELD ELDERS
3038 KOBE BUSSAN CO. LTD.
603605 PROYA COSMETICS (A)
- Jiten Bechoo
- Pratish Soni
Clicks | Proxy voting recommendation
Clicks (CLS) receives a corporate governance score of 3.03 out of 5 and is rated as “good†(FY '18: 3.38). By comparison, industry peer DCP scored 2.71 in FY '19. Clicks (CLS) receives a residual risk ESG score of 2.4 out of 5 (FY '18: 2.4). By comparison, industry peer Dis-chem scored 2.6 in FY '19. Changes to the Board include the retirement of D Kneale and the co-ordinated appointment of V Ramsunder as his successor. Ramsunder was the COO of CLS from 2015. Executive Board representa...
- Jiten Bechoo
- Pratish Soni
Clicks | Radiant share gains
Clicks Group's (CLS) defensive category mix is counteracting the weak demand environment. CLS continues to gain share in high margin health and beauty products, from independent pharmacies and traditional grocers. CLS's distribution business has scale with the inclusion of four new pharmaceutical distribution contracts over the last six months. CLS aims to roll out c.27 new stores pa until the Group's count rises from c.704 to c.900. CLS has 78 existing stores which can still incorporate a p...
- Jiten Bechoo
- Pratish Soni
Clicks | Bucking the trend
Over the last year, new retail space became available because of the failure of large department stores, as well as fringe retailers, in the weak demand environment. In contrast, CLS's H1 '19 results show that the group has a defensive category mix and continues to gain share from independent pharmacies as well as traditional grocers. Stable LFL volume growth in H1 '19 of 3.5% has robust support from a still maturing store base (30% of portfolio yet to reach optimal trading densities). High v...
- Jiten Bechoo
- Pratish Soni
Clicks | Proxy voting and governance recommendation
We published a Clicks proxy voting and governance report on 25 January 2019, but became aware of an error, in which we overstated future LTI payouts. This led to the following changes: • A change in the recommendation of our vote for ordinary resolution 7 from ‘AGAINST' to ‘FOR'. • Adapt our calculations for the range of FY '17 – FY '20 and FY '18 – FY '21 LTI scheme payouts. The calculation was originally performed on the base unit exercise value, and not on the difference between...
- Jiten Bechoo
- Pratish Soni
Clicks | Proxy voting and governance recommendation
Clicks (CLS) receives a residual risk ESG score of 2.4 out of 5. By comparison, industry peer Shoprite scored 2.9 in FY '18. CLS's corporate governance score of 3.38 out of 5 and is rated as “goodâ€. Shoprite scored an “adequate†rating of 2.17 for FY '18 (FY' 17: 2.08).
- Shamil Ismail
Clicks (CLS) - Why SA Pharmacies are Prized
Summary We evaluate CLS in the context of its EM pharmacy retail peers, and note the company is ideally positioned by operating in a market with moderate consolidation (which present above avergae growth opportunities), with many of its peers in this segment being unlisted. In the group of six EM countries in the moderate consolidation segment, we find only seven listed pharmacy chains, of which two (CLS and DCP) are in SA. While CLS’ rating may seem high in the SA market, in the context of ot...
Ford Equity International Rating and Forecast Report
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...
Company Snapshot - Clicks Group Limited
A director at Clicks Group Limited sold 15,000 shares at 125.330ZAR 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 two yea...
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