Shoprite Drives Through The Market 🛵

Hi there, 👋🏽

It was a dry Janu-worry but we’re back 🔦 

For 58 months in a row Shoprite experienced uninterrupted market share gains, let’s not forget PRIME was R40 at one stage during that period too.

Shining some light on:

• 1. Santova Limited (SNV:JSE)

• 2. Pick n Pay Stores Limited (PIK:JSE)

• 3. Shoprite Holdings Limited (SHP:JSE)

• 4. Pan African Resources PLC (PAN:JSE)

• 5. Transaction Capital Limited (TCP:JSE)

• Higgo vs Paul - Top Stocks for 2024 YTD

1. Santova Limited (SNV:JSE)

• Over the last 3 months, Santova repurchased shares to the value of 3.1% of their total market cap.

2. Pick n Pay Stores Limited (PIK:JSE)

• Allan Gray has purchased Pick n Pay shares and owns 10.1% of the company.

3. Shoprite Holdings Limited (SHP:JSE)

• Total Group: 13.9% growth, consisting of supermarkets RSA, supermarkets non-RSA, furniture, and other operating segments.

• Supermarkets RSA:

  • 14.6% Growth (contributing 80.5% to Group sales).

  • SHP extended uninterrupted market share gains for 58 months.

  • Net 285 stores added in the past 12 months, totaling 2,237 stores.

4. Pan African Resources PLC (PAN:JSE)

• The average cost of production is $1,300 whilst the average Gold price received: is US$1,961/oz.

• Gold production grew by 6.7%.

5. Transaction Capital Limited (TCP:JSE)

• Transaction Capital is exploring the unbundling of its shareholding in WeBuyCars.

• Unbundling involves a pro rata distribution of WeBuyCars (WBC) shares to Transaction Capital shareholders.

• WBC shares will be simultaneously listed on the Main Board of the JSE.

Higgo vs Paul - Top Stocks for 2024 YTD

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That’s all for this week’s Stock Spotlight

Onwards and upwards🚀