#237: Dischem, CellC & Calgro M3
WorldWide Markets with Simon Brown · JustOneLap.com
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Show Notes
- Pick n Pay (JSE code: PIK) results. Everybody loves them but I am not wowed. Operating margin of 1.5% up from 1.3% is tiny. By comparison Shoprite (JSE code: SHP) is 5.6% and Spar (JSE code: SPP) is 2.8%. Like for like constant currency turnover grew 3.8% against selling price inflation of 5.5%, so still losing market share?
- New offshore ETFs from CoreShares. A S&P500 tracker and a Global Property fund. I have applied for the later.
- Up coming events;
Chatting Calgro M3 results, memorial parks, new CEO and their residential Reit. We also touch on the Dischem listing and Cell C results that we got a first look at due to the Blue Label 45% stake in the business.
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