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Pick N Pay Stores Ltd (PIKJ)

Johannesburg
Symbol
Exchange
Currency
PIKJ·Johannesburg·ZAR
PKPYY·OTC Markets·USD
Currency in ZAR
2,460
-29(-1.17%)
Closed·

PIKJ Comments

Spinning out Boxer...but still maintaining 51%...Hmmm
Possible short term long position
At the moment, pik is circulated with negative news like franchise debt issue, load shedding, redundant warehouse n logistic cost which led to mount its debt from R 3 to R7B. Now alteast the banks have given them lifeline of loans, it may fall more 5-10%, its bottom is near but upside is unlimited. the management must bring few positive news to let it fly towards 24-28 levels. Guys just come the mcap of Pik n other retailers. its available at dirt cheap price. Risk rewards ratio looks attractive.
I agree with Goldfish SA we should consider investing in Pick n Pay. This stock will reach 65 level in 3 months times. Patience , patience l patience
This is one of the top retailer in South Africa. One should consider investing here. And the best thing is, it is available at dirt cheap valuable. Considering its competitors, its valuable should be above 100B thats long term. But it would show us 65 level in mid-term. Don't miss this Golden chance
Any particular reason why this share price is going down?
Puzzled by the high P/E while underperforming the sector
03/09/2020: Fundamentally, this is not a buy stock: highly indebted and not likely to have dividend growth & close to zero div payouts in order to deal with the debt, unless something drastic is done to turn around the debt build up i.e. check the quick and current ratios, LT/Equity...not good.
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