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Topics - AVM

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Shares / African Bank
« on: October 28, 2013, 10:33:54 am »
How low can they go? :wtf:
Quote
To date, companies announced steady results, except for African Bank [JSE: ABL] that warned investors that their earnings will show a drop of around 90% in the current 12 months when the company announce their results in a few weeks' time.

The culprit is much higher provisions for bad debt on their largely unsecured lending book.
http://www.fin24.com/Markets/Equities/JSE-What-to-watch-this-week-20131027

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Shares / Woolworths
« on: May 06, 2013, 02:31:28 pm »
I'd meant to top up my holdings a couple of weeks back, but wasn't paying enough attention. Now we've had a sharp rise. It still looks like fair value to me, even at a p/e of 25, but I'm wondering if we'll see another dip like we had in early April to take advantage of. It is for my long term portfolio so I know timing isn't as important here.

Any thoughts on retailers in general? SHP is also well below it's January levels, though at a p/e of 27 I just can't bring myself to buy :o

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