Bell Equipment is revving up with an impressive surge in projected earnings, leaving Barloworld in the dust with a gloomy tale of revenue decline
Barloworld has a less enjoyable story to tell. Although we need to consider different reporting periods and different business models, Barloworld is primarily exposed to the mining industry, to which it sells major earthmoving equipment. This explains why Bell’s share price is up by 62% in the past year. Barloworld has dropped by 30%. Master Drilling is down by nearly 16% despite the growth in Heps.If you know where to look, you can find some excellent stuff on the JSE. One example is CA Sales Holdings, up by 59% over the past year. It is a great example of the power of a simple strategy executed to a high standard.
At the same time, Shoprite is charging ahead and trying to win as much market share as possible. It hardly seems like a fair fight, even though both retailers got exactly what they deserved. As for Spar, the group needs to take advantage of Pick n Pay’s weakness and Shoprite’s broader strategy which might leave some blind spots.
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