I stick with Polly and some sensibility and respect. It is important to value the comments made and understand the logic and guidance even if it does not resonate. Polly and I are polar on investment strategies and therefore would not necessarily agree... However when we talk about companies tructure strategy and fundamentals it may create some overlap or alignment.
Choppies is a pumped share. There is overt fraud within Zimbabwe. And excessive valuations and accounting irregularities. Penalties will be paid. Impairments made and a law suit directed at directors and auditors. Ceo will be required to leave. Expect a second dip. This story has many more chapter.
Interest in the market is on the back that this is a likely takeover target. However with dirty books realization will set in and will see this share resume negative trending before a tumultuous recovery.
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I also enjoy Polly's views, even if am at odds with them sometimes.
I also disagree with you on this IN. Fraud in Zimbabwe is not understood properly, there is a dispute over ownership which is the major issue, although the local partner is accused of stealing about $50000 cash. Very much doubt Choppies CEO will step down, as he is 20% shareholder and has been the brains behind the success to date. I believe any retailer who can beat Shoprite and Pick n Pay as they have in their home market is very good at what they do.
I have bought a lot of shares in the last week (and many more before that), but they are for keeping, not trading as I think it going to go way north of R1, but please do your own homework, I am clearly talking my book and am relying on my own intuition on this, which could be wrong of course.