Does Clicks need a pick-me-up?
The group has had a wobbly start to the year, as the market digests its prospects against a sky-high share price
03 February 2022 - 05:00
A recent wobble in Clicks shares — the stock fell as much as 7% on the day it went ex-dividend — has again raised fears that one of the best retail investments of the past 15 years could be stalling.
While Clicks has grown earnings and sales with astounding consistency, its shares are pricey: they trade on a historic p:e of 37 and a forward p:e of 30. That means investors are ponying up a lot of money in the hope that the company delivers on its growth promise...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.