219 replies to this topic

[DividendTycoon]

Expanding too fast is a worry, they are in about 8 countries now and most still loss making as they in start up phase, but Botswana still the cash cow that should support the expansion. Zimbabwe may also be sorted, but a further worry is a number of stores were destroyed/looted in recent riots, so hopefully adequate insurance was in place.

Yup, well that Zim share issue has been sorted out. Big question now is how the market will respond after suspension lifted.

From what I've been reading etc, choppies does have a strong balance sheet and a good business model. They are expanding fast which is good but let's hope they manage that expansion well

 

Yup, well that Zim share issue has been sorted out. Big question now is how the market will respond after suspension lifted.

From what I've been reading etc, choppies does have a strong balance sheet and a good business model. They are expanding fast which is good but let's hope they manage that expansion well

[Lionelza1]

Yup, well that Zim share issue has been sorted out. Big question now is how the market will respond after suspension lifted.

From what I've been reading etc, choppies does have a strong balance sheet and a good business model. They are expanding fast which is good but let's hope they manage that expansion well

[DividendTycoon]

https://bulawayo24.c...byo-153896.html

100-1 they will now release financials

I also feel they have just been waiting for this to happen so that they can have clarity for the AFS. Lets see, have been monitoring them on facebook etc and they still opening stores and growing, so think (and pray) things not as bad everyone assumes.

[Lionelza1]

https://bulawayo24.c...byo-153896.html

100-1 they will now release financials

[Lionelza1]

Financials shudve been out already.... It can never take this long given that they published Financials in April ?

This company shud be delisted and never given an opportunity to list again. Dickheads.

[Lionelza1]

Criticism

Choppies has attracted criticism from the public in the past due to salary discrepancy. Employees such as cashiers and packers claim to earn less than P900 a month, whilst executives such as the CEO and Deputy Chairman earn more than P30 000 000.00 per annum. This has attracted outrage as the company is historically very profitable yet is not rewarding the lower-skilled workers on terms they consider fair to their efforts; in 2011 the Group made over P124 million in after-tax profits, with a dividend in excess of P121 million being paid out to shareholders.

 

Dear Jesus, what planet is this?

 

 

Injustice of the world,  the rich will get richer and the poor will get poorer, in Africa we lead

[Snippit]

Criticism

Choppies has attracted criticism from the public in the past due to salary discrepancy. Employees such as cashiers and packers claim to earn less than P900 a month, whilst executives such as the CEO and Deputy Chairman earn more than P30 000 000.00 per annum. This has attracted outrage as the company is historically very profitable yet is not rewarding the lower-skilled workers on terms they consider fair to their efforts; in 2011 the Group made over P124 million in after-tax profits, with a dividend in excess of P121 million being paid out to shareholders.

 

Dear Jesus, what planet is this?

[Lionelza1]

 

Suspension not a good development, but if it is just a case of they need some more time to complete the financials, then I think it is the right thing to do. If they release them soon I am sure the suspension would be lifted. I really hope this is the case.

 

yup suspension is the right thing to do! hope it is not followed with delisting eish then big kak

[DividendTycoon]

Suspension not a good development, but if it is just a case of they need some more time to complete the financials, then I think it is the right thing to do. If they release them soon I am sure the suspension would be lifted. I really hope this is the case.

[Lionelza1]

oooooo fuuckkkkk

[andi222]

And suspended

Sent from my SM-G950F using Sharenet Sharechat mobile app

[Lionelza1]

not yet suspended oh yea baby theres still hope

[Lionelza1]

https://twitter.com/...7398197248?s=19

Came across ur tweet

[Lionelza1]

 

when will suspension kick in? Tomorrow morning if not released? So sell out might occur at midday?

 

I would think suspension will kick in when markets open? I mean they did give deadline of 31 October right?

So far market hasnt dumped so maybe.....

[Lionelza1]

Hahaha

[Lionelza1]

Market mopping up.... Must be those damn gamblers

[Lionelza1]

Yip dip has started.... Bet even the auditors r in a flat spin trying to complete on time

[andi222]

Its starting to drop. Let's see how far it will go. Currently -9%

[Lionelza1]

Moral of the story..... If u not prepared to loose, keep money under your mattress