PHANTOM SHARES: The Finance Ghost: Distell shareholders have some reading to do and Woolworths feels pricing pressure

  • 📰 dailymaverick
  • ⏱ Reading Time:
  • 66 sec. here
  • 3 min. at publisher
  • 📊 Quality Score:
  • News: 30%
  • Publisher: 84%

ประเทศไทย ข่าว ข่าว

ประเทศไทย ข่าวล่าสุด,ประเทศไทย หัวข้อข่าว

Distell shareholders have some reading to do, as they could choose to accept the cash (R180 per share in total) or roll into one or both of the unlisted companies alongside Remgro.

Capevin is the other company name you need to remember. It will house the Scotch whisky business and the cash cow that is Gordon’s Gin.

With the release of third-quarter results, the fund has demonstrated an ability to keep growing its business across the UK and SA. The company has a development joint venture with Nedbank and is currently working on two properties in Morningside and Bryanston. In the UK, Stor-Age’s Storage King brand is making acquisitions and the group has another joint venture as well.

The problem isn’t the local Food business, although I keep beating the drum that it is under major pressure from Checkers in its core high-LSM market. Price increases of 2.6% were below product inflation of 3.7%, which means that Woolworths is experiencing margin and pricing pressure. The days of high turnover growth in this business appear to be over, so this is making the cracks in the rest of the group appear even wider.

The real nightmare is still in Australia, Ian Moir’s deal legacy that everyone wishes wasn’t there. With Australia having had some of the most draconian lockdown rules in the world, 70% of the bricks-and-mortar stores couldn’t trade over this period. Online sales increased by 44.2% and contributed 28.1% of the total, saving the group from a complete catastrophe. A decrease in comparable store sales at David Jones of 9% and Country Road Group of 3.2% doesn’t bode well for profitability.

 

ขอบคุณสำหรับความคิดเห็นของคุณ ความคิดเห็นของคุณจะถูกเผยแพร่หลังจากได้รับการตรวจสอบแล้ว
เราได้สรุปข่าวนี้มาให้อ่านอย่างรวดเร็ว หากสนใจข่าว สามารถอ่านฉบับเต็มได้ที่นี่ อ่านเพิ่มเติม:

 /  🏆 3. in TH

ประเทศไทย ข่าวล่าสุด, ประเทศไทย หัวข้อข่าว

Similar News:คุณยังสามารถอ่านข่าวที่คล้ายกันนี้ซึ่งเรารวบรวมจากแหล่งข่าวอื่น ๆ ได้

THE FINANCE GHOST: An inconvenient truthWe are donkeys walking across a field to eat a carrot. In this case, sustainability-linked financing, writes FinanceGhost.
แหล่ง: FinancialMail - 🏆 20. / 63 อ่านเพิ่มเติม »

THE FINANCE GHOST: An inconvenient truthWe are donkeys walking across a field to eat a carrot. In this case, sustainability-linked financing, writes FinanceGhost. FinanceGhost I know we all probably must have heard about Bitcoin but don't know how it works, I tried it in a week ago by a man who recommended me to Leticia_thomas7 on Twitter She guides me through and i made a return of R15500 after a week of trading, connect with her
แหล่ง: FinancialMail - 🏆 20. / 63 อ่านเพิ่มเติม »

Mr Price gets boost from new acquisitions, but reports market share slipRetail sales and other income rose almost a fifth in the group's third-quarter, when Mr Price put more emphasis on selling full-priced items I never wanted to give it a try because I was really afraid of losing my hard-earned money to any scammers online, I am really delighted, I will keep investing with williamchurch09 EXCHANGE company 🇿🇦, you too can start making profits from Agent. Kindly message williamchurch09
แหล่ง: BDliveSA - 🏆 12. / 63 อ่านเพิ่มเติม »