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In this episode of Ghost Wrap, I recapped five important stories on the local market:
- Purple Group may be loss-making, but the revenue resilience in a near-impossible year is a strong tick in the box for this story.
- Spar has hopefully signed off on the worst year that the company will ever experience, with several own goals and the suspension of dividends.
- Pepkor has a reputation as a defensive retailer, but that doesn’t seem appropriate based on the underlying businesses.
- Bidvest gave the market a fright with its recent commentary about pricing pressure, leading to a sharp correction in the share price.
- Attacq is an excellent reminder that the old adage of “location, location, location” applies to REITs as well.