Previously I posted a similar type request to the forum, and many of the people wrote back to say they would hold off for a bit. Maybe see where interest rates are going. Also possibility Rand volatility may have a role in keeping investors out for the moment. I am keen to get into JDG - but may wait a bit longer.
My 5c worth...JDG is not a furniture retailer but a finacial services company that packages their loans and micro lending aroung the sale of furniture. So I think it should be evaluated as such, and in the current climate of possible interest rake hikes to come, more bad depts may occur.. Now the market is forward looking and has probably fully discounted this, however the way they sell their loans has come into question so in a recovering market they may still inderperform,
With the interest rate hike expected, and increasing inflation, it is going to affect their market even more and a further slow down in sales and increase in their bad debt book. Reckon it will go cheaper before it recovers.
A certain someone (whom shall not be mentioned here becaws I don't sleep well on the couch) thawt it was cheap at 74. Then this someone, whom, again, I won't mention, thawt it was cheap at 62. An then 50...