runyamhere

JSEMRP Gaps Down, Shows Deep Fear

Long
JSE:MRP   MR PRICE GROUP LTD
Mr Price shares dropped heavily based on a not so pleasing trading update, however this is in the past. How much of it is already priced into the share? Long-term holding a price at R153-154 is an opportunity to buy, when fear subsides some of the gap will be filled. Looking ahead MRP should bounce back given a 6 to 12 months time frame.

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