Shoprite (SHP) Further Update. I discussed the share on Monday as well as on Friday 25 August, with my comments centering around the fundamental valuation and technical positioning. I also published my view on this platform last week Monday 28 August (see attached post). At 23x earnings (p/e ratio) and a 9% increase in headline earnings per share, the mismatch of fundamental rating (expensive) and (tepid) growth saw the share down by over 6% at one point yesterday. Today, we are seeing further weakness with the share now below R240.
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