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12-06-2017 02:03 PM
I currently hold shares in Brait, Shoprite and Woolies - all have exposure to the SA consumer sector and I want to scale down on that. Which should I let go? Any thoughts?
19-06-2017 07:47 AM
I hold SHP and WHL. SHP I happy with, they low LSM market and tough times helps them as will returning rains which will help with pricing power.
WHL is going to find it tough locally and even the OZ economy is struggling. I have a bunch here but am holding as that's my strategy for my 'til death do us art' portfolio. I only sell if there is a significant fundamental change to the business and tough economic times does not equal that.
BAT - it's all about the UK consumer but me thinks the price is probably about right for buying.
26-06-2017 10:50 AM
When does quality become expensive and when does quality remain quality?
I think WHL is in a key business period - and if its OZ stuff does not get better and its local clothing remains in no- ones land - then I don't know.... so while the research reports indicate
a flat 2018 - if there is general negative stuff out of Oz then I see it in a crisis - and if that continues with a flat SA - then its big trouble, BUT that is too early to call.
If they get OZ food right - which is the one thing they can be relied on to do well then that could be a basis for the future.. one has to first wait to see what emerges on that front.
26-06-2017 10:54 AM