Spar’s better-than-expected trading update must have been a considerable relief for shareholders as well as the group’s overhauled top management. “The figures were soft but the market was expecting worse,” Peter Takaendesa, head of equities at Mergence, tells the FM.
Sasfin’s Alec Abraham says the trading figures weren’t too bad at all. “Things seemed to have improved in South Africa, which had become a major area of concern,” says Abraham...A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and TimesLive Premium.
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Spar: the bounty of low expectationsSpar’s trading update has been welcomed by the market — which was clearly expecting worse. But debt and governance are still challenges
Source: FinancialMail - 🏆 20. / 63 Read more »