Food retail: a bigger slice of the pie
Pick n Pay’s phlegmatic CEO described the firm’s latest results as ‘respectable’. The market thinks otherwise
31 October 2019 - 05:00
Pick n Pay CEO Richard Brasher may not have thought they were a particularly impressive set of figures — but the market did.
Around the same time he was telling analysts at a presentation that the first-half 2020 results were "not the best we’ve ever presented, but in the context respectable", excited investors were pushing the share price 10.54% higher to a four-month peak of R67.98...
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