Pick of the Month: Looking for a turnaround at Pick n Pay
The retail giant is on its knees, but there are a few things to keep an eye on in the next few months
29 February 2024 - 10:00
Supermarket giant Pick n Pay’s share price plummeted almost 60% in 2023 — reaching levels where some investors began to see value in the price. One of them was asset manager Allan Gray, which upped its stake to 10.1 % in January.
The retailer’s share is up about 12% this year, but scepticism lingers...
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