Woolworths’s rocky turnaround and Pepkor’s steady rise

You can also listen to this podcast on iono.fm here. ADVERTISEMENT CONTINUE READING BELOW Welcome to Supernatural Stocks on Moneyweb with your host The Finance Ghost, your weekly fix of local and international news for investors and traders alike. These are the stories that really caught my eye in the past week.

He walked into a difficult turnaround and then an impossible backdrop for retail as the world went mad and roast chickens were banned by government.It’s hard to properly gauge his performance by only using the share price, as there was just so much noise around that time, and thus, picking the correct start date for the share price is difficult.

The market was hoping that some of the issues faced in the interim period would subside, leading to better full-year results. The only highlight is Woolworths noting that the Food business has shown its resilience at a time when the group is facing lower footfall and discretionary spending in South Africa. FBH was down 10.4% in the interim period in the terms of profitability, with it being quite possible that the full-year result looks worse.

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