Ex­pect­ing great re­sults

Finweek English Edition - - Marketplace Simon Says -

A very strong trad­ing up­date from Pick n Pay for the 26 weeks to 26 Au­gust. Like-for-like sales af­ter inflation are up 3.5% and HEPS (af­ter re­mov­ing the cost of the re­trench­ments last year) is ex­pected to be be­tween 13% and 20% higher. How­ever, the stock did not re­spond to the up­date. Re­sults are due mid-Oc­to­ber. I will be fo­cus­ing on the op­er­at­ing mar­gin – but from what we see in the up­date we can ex­pect great re­sults from the com­pany. ■ ed­i­to­rial@fin­week.co.za

*The writer owns shares in Capitec, Cal­gro M3 and Dis­cov­ery. *fin­week is a pub­li­ca­tion of Me­dia24, a sub­sidiary of Naspers.

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