|Bid||14.80 x 800|
|Ask||24.63 x 1400|
|Day's Range||0.00 - 0.00|
|52 Week Range|
|Beta (3Y Monthly)||0.86|
|PE Ratio (TTM)||22.76|
|Forward Dividend & Yield||0.41 (1.68%)|
|1y Target Est||25.00|
(Bloomberg) -- Shares of Cia. Brasileira de Distribuicao still look cheap after posting their best week since September, according to Ibiuna Investimentos, which has about 6 billion reais ($1.6 billion) in assets under management.The Brazilian retailer, more commonly known as Grupo Pao de Acucar, or GPA, rebounded in Sao Paulo last week following the announcement of a reorganization proposal that would lead to the simplification of its parent company Casino Guichard-Perrachon SA’s structure in Latin America.“Our initial analysis of the proposal is pretty positive,” according to a monthly note from Ibiuna. ”We’re still quite positive on the firm’s investment thesis, as it still has a relevant discount to other Brazilian assets.”GPA proposed a public offering to acquire all of Colombia’s Almacenes Exito SA shares and recommended it transfer to the Brazil stock exchange’s Novo Mercado segment, which lists Brazilian companies with higher corporate governance standards. The migration "will ease investors’ concerns about GPA’s corporate governance,” Bradesco BBI analysts led by Richard Cathcart wrote in a report last week. In mid-June, GPA also sold a 36% stake in Via Varejo SA, a Brazilian electronics retailer it had been trying to sell since 2016.To contact the reporter on this story: Vinícius Andrade in São Paulo at firstname.lastname@example.orgTo contact the editors responsible for this story: Brad Olesen at email@example.com, Scott SchnipperFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
SAO PAULO/PARIS, June 27 (Reuters) - Casino Guichard Perrachon on Thursday unveiled a plan to simplify the complex shareholding structure for its Latin American operations, sending shares in its Brazilian and Colombian units soaring. The restructuring would result in Casino controlling its Latin American business in Brazil, Colombia, Uruguay and Argentina through a 41.4% stake in Brazilian unit Grupo Pao de Acucar (GPA). Casino, which has been grappling with high debt, has been trying to address investor criticism over the complex and sometimes opaque structure of its business.
Casey's (CASY) is on track with its Value Creation Plan, which includes fleet card program. Also, the company is benefiting from store expansion.
Brazilian retail veteran Michael Klein and his family on Friday gained control of appliance retailer Via Varejo SA from retailer GPA SA in an auction. Klein bought a smaller than anticipated additional stake in the company, but other investors pitched in and GPA ended by selling its entire stake at a higher than expected price. Combined with its previous stake of 25.4%, the Klein family will own 27%, making it the retailer's largest shareholder.
Companhia Brasileira's (CBD) Assai segment is a major growth driver. Also, the company is on track with its pilot projects.
French supermarket chain Casino Guichard Perrachon SA, which has been selling assets to cut debt and reassure investors, said on Thursday it was reviewing strategic options in Latin America. Casino, which controls Brazilian retailer Grupo Pao de Acucar (GPA), issued a statement after Brazilian paper 0 Globo said the French firm could announce "in the next few days" a plan to combine its assets in Latin America. Casino also owns wholesale chain Assai and electronics and appliance retailer Via Varejo in Brazil, and supermarket chain Grupo Exito in Colombia, Argentina, Uruguay and Chile.
The Sao Paulo-based company said it had profit of 15 cents per share. Earnings, adjusted to account for discontinued operations, came to 14 cents per share. The retailer posted revenue of $3.37 billion ...
Companhia Brasileira's (CBD) Assai and Multivarejo units are likely to be the key drivers in Q1. Additionally, digital endeavors and focus on pilot projects are likely to aid the quarterly results.
Brazilian supermarket chain Grupo Pão de Açúcar SA on Wednesday posted first-quarter sales up 12 percent from a year ago, closing the gap on Carrefour Brasil, the market leader in Latin America's largest economy. GPA, which is owned by France's Casino Guichard Perrachon SA , reported gross revenues of 13.8 billion reais ($3.46 billion), driven by gains in its wholesale division, Assaí. On Tuesday, Carrefour Brasil posted a 10 percent increase in gross sales to 14.2 billion reais, as growth in its wholesale unit Atacadão more than compensated for a flat performance in the retail division.
Grupo Pão de Açúcar SA , one of Brazil's largest food retailers, owned by France's Casino Guichard Perrachon SA, on Wednesday posted first-quarter gross revenue of 13.8 billion reais , up 12.4% from the ...
The government requires hedge funds and wealthy investors that crossed the $100 million equity holdings threshold are required to file a report that shows their positions at the end of every quarter. Even though it isn't the intention, these filings level the playing field for ordinary investors. The latest round of 13F filings disclosed the […]