Visit our COVID-19 site for latest information regarding how we can support you. For up to date information about the pandemic visit www.sacoronavirus.co.za.
Engage and learn about markets and trading online
05-02-2020 10:40 PM
If you asked me when I was last in a CNA - I would be lying if I could remember .
Yet here we have Astoria together with others buying 167 branches and taking on 1000 plus staff. Okay, the debt stays with Edcon- but what on earth can one make of a business which seems to be nothing in particualr to anybody AND which seems to have forgotten that we live in a digital world- but - perhaps, you say, the new business owners will have a brilliant plan to ensure a success? Well, if they do, this will be the outsider who wins the Grand National - and , yes outsiders do win it - but you can count their success on the fingers of one hand, and I suspect the chances of success here are about the same.
And then there is the small matter of discipline in capital allocation. Is this really an example of that - or what it looks like - a value trap?.
13-02-2020 09:39 AM
Part 2?
I have by dint of disguising myself a la Maigret ( - but which means a hat pulled down low over my eyes and the discomfort of a trench coat - both of which will likely contribute to me mishearing) - "heard" that
the limit on the financial exposure is real ( perhaps the previous experience taught them a lesson ?) So it could mean that while shareholders will not be stonking up more cash - the only issue
remains : is this still a distraction?
13-02-2020 09:41 AM
18-03-2020 04:35 PM
Partridge, your thread title is rather apt now, don't you think.....