|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||14.71 - 14.71|
|52 Week Range||11.49 - 16.77|
|Beta (5Y Monthly)||0.08|
|PE Ratio (TTM)||33.58|
|Forward Dividend & Yield||0.36 (2.79%)|
|Ex-Dividend Date||Sep 29, 2022|
|1y Target Est||N/A|
JOHANNESBURG (Reuters) -South Africa's biggest supermarket group Shoprite reported a 16.8% jump in half year sales on Tuesday, supported by a record Black Friday and festive season as both cash-strapped shoppers and upmarket consumers went after deals. Shoprite's duel discount and upmarket grocery model tends to shield it better than rivals against high inflationary pressures as it targets millions of South Africans reliant on government grants as well as affluent shoppers with much bigger budgets. To attract shoppers amid aggressive price competition from rivals Pick n Pay and upmarket Woolworths, it offered discounts of 7 billion rand ($402 million) at Shoprite and Checkers stores in addition to holiday deals, it said.
Despite high demand for sweet treats such as the Chocolate Overload and Caramel Canyon, owner Thando Makhubu has burnt cash running a generator for up to 10 hours a day. It is needed to replace the power lost when Eskom, the stricken electricity monopoly, cuts off swaths of demand to prevent a total grid collapse, a process known as load-shedding.
If we want to find a stock that could multiply over the long term, what are the underlying trends we should look for...