Expecting a recovery the value of the brand and company.
Updated
Firstly expecting to continue trending upwards if the starts trading above R1800-R2000.
This is one company that seem to be resilient and functions in bad time because of how big the name is what it means to the people. Looking at Pick n Pay , fundamental it looks like it far fetch for it recover but it is one of the staple names in South African households. In his book 'Same as Ever' author Morgan Housel he leaves a few questions at the end of the book and one of my favorite ones is 'What's always been true?' and the answer to that big name and household company names survive and recover if it is well run. Looking at the chart the recent low could the lowest the share price has been at R1675 which is last years financial low at the end of the fourth quarter and last years high at R5720 which creates a huge potential in value to be recovered in the upcoming years.
This is one company that seem to be resilient and functions in bad time because of how big the name is what it means to the people. Looking at Pick n Pay , fundamental it looks like it far fetch for it recover but it is one of the staple names in South African households. In his book 'Same as Ever' author Morgan Housel he leaves a few questions at the end of the book and one of my favorite ones is 'What's always been true?' and the answer to that big name and household company names survive and recover if it is well run. Looking at the chart the recent low could the lowest the share price has been at R1675 which is last years financial low at the end of the fourth quarter and last years high at R5720 which creates a huge potential in value to be recovered in the upcoming years.
Trade closed: target reached
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