Lewis Group - $JSELEW "Since the commencement of the..share repurchase..in 2017, the Group has bought back 36.7 million shares at a cost of R1.3 billion and an average price of R35.96 per share." Share currently R77, up 98% ytd. Excellent reimagining of a low quality business.
Monetary policy is far too restrictive in SA . The cost of capital is far too high - businesses hire people . It’s not rocket science. We need rate cuts and 25bps won’t cut it
Reminder that Goldrush Holdings $GRSP (formerly RACP) is in breach of its debt covenants. @pietviljoen
"the dividend cover ratio was 1.19 times and...the covenant was in breach. Absa agreed to waive their right to enforce early redemption as a result of the covenant breach".
$JSETFG $TFG The Foschini Group
Free cash flow plummets from an already bad -R500 million to an immense -R2.5 BILLION in the 6 months.
Zero debt was repaid... but R1.5 billion was raised.
Shares are up 4.5% today and 45% YTD
🚩🚩🚩
Buyer beware
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