Janet M.

@bombay_coach ja, and when the stores are busy it means the whole supply chain is moving, so PIK benefits across the board.

Honestly the thing about Pick n Pay is everyone shops there, so when they do well it actually means people are spending money on groceries even when times are tough. That's why I reckon it's worth watching around the 20 level, lol.

@plain_market_pieter yeah that's it exactly, and right now with platinum where it is there's just not much to hand out lol

@firsttime_Frans cheap on what though, if the construction work isn't happening because of load-shedding?

Truworths is basically our mid-market clothing store, right, so when people stop buying new jeans and tops because money's tight, they feel it. Last results showed the sales are still a bit under pressure but at least they're not collapsing, which is something.

The thing that gets me is AWS is like 60% of their operating profit but only a quarter of the revenue, so basically the cloud business is carrying the whole show while the stores are just massive but not super thick on margin. If AWS keeps growing like it has been, the share price should follow, but if cloud slows down we're in trouble.

AWS keeps printing money for them, which is the real engine behind the stock. People keep moving their stuff to the cloud instead of running servers themselves, and Amazon basically owns that market.

@mogale_morning yep, even with load-shedding people are still buying groceries, so WHL just keeps ticking along

Been holding WHL for a while now, their supermarket business is just solid, people still need to eat and Woolworths has the premium end locked down. Last close at 39.09 isn't exciting but it's steady money if you're patient with it.

Honestly PANW keeps doing well because every company on earth needs their firewalls and security software now, you basically can't run a business without it. That's why I'm holding, the demand just isn't going away.

@dividend_mum_ayesha but doesn't ASML need chip demand to actually stay strong for that 1800 to stick?

@bombay_coach ja, Shoprite's got the price advantage right now and that matters when money's tight.

Honestly, when people stop buying clothes and stick to basics because money's tight, Truworths feels the pain. That's what we're seeing now, lol ya.

Groceries are recession-proof, that's the game innit.

@jozi_janet Ja, groceries keeping the lights on for sure.

@thandi_first_share Yeah, the grocery side is carrying it right now, lol ya

Woolworths supermarkets are everywhere in SA, so when people have money to spend on better quality groceries they go there. That's why I reckon the stock matters, but the fashion side has been rough with all the load-shedding affecting foot traffic.

@oom_frik_explains exactly, the cycle's the thing here

@loadshed_lindi yeah this is rough, losing ground fast today

let's gooo green is green baby!