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  • Finweek - English

    Simon’s stock tips

    May 14, 2021 5 minutes
    By Simon Brown

    PICK N PAY

    Sales hit by bans

    Pick n Pay’s results for the year ending February, released on 21 April, were pretty much all about the lockdown, including the early hard lockdown. As such it was liquor and tobacco sales that were down 31% and being a high-margin part of their business, this really hurt the profits. Aside from this, the grocer’s results were solid, the operating margin was a strong 2.9% considering the loss of high-margin sales. This was CEO Richard Brasher’s last set of results and while the turnaround started slowly, ultimately I would consider it a huge success. Not only did he regain margins, he also expanded their lower-income Boxer brand, which is now well-positioned as an important part of the overall business.

    ALTRON

    Huge value in some small caps

    Altron has announced it

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