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Did the market get it wrong on Shoprite?

  • 📰 FinancialMail
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If Shoprite CEO Pieter Engelbrecht thought he’d get the market’s backing for what he calls an “exceptional” set of year-end results, he was badly wrong.

While the retailer has topped record metrics within its business, Shoprite stock crashed almost 10% on the release of its numbers last week. Since then, its shares have scraped back most of the losses, but show few signs of bounding ahead...

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Did the market get it wrong on Shoprite?Shoprite’s year-end results showed record performances in more than a few divisions, yet its shares were punished. Fans reckon it’s a buy.
Source: FinancialMail - 🏆 20. / 63 Read more »