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choppies still bleeding from the botswana store closures, group revenue down what 30% odd in the last results. discount grocery in SA is brutal right now with shoprite and pick n pay squeezing margins everywhere. if they can stabilize the SA footprint and actually make money again maybe there's a story but at R1.68 feels like catching a falling knife still
Choppies been hammered but the discount retail model holds up in tough times, that's the real edge here. Botswana exposure and the turnaround story at group level, if they can stabilize cost of sales the leverage kicks in hard. Risk reward is very compelling at these levels, patience looks like a real good idea.
CHP at R1.68 is just getting hammered, stores are struggling in both SA and Botswana with foot traffic still weak. Revenue's been going backwards for like two years straight and they're not even profitable. Gonna be shocked if they turn this around without serious cost cuts or a proper restructure, but cheap enough that if they do something it could pop.
CHP sitting at R1.68 is cheap if they can actually turn the store network around, but the rand weakness and input costs keep biting them. Need to see same store sales stabilise and maybe a big contract with a retailer group to prove the model works again, simple as that.
stores across Southern Africa. The company has faced significant headwinds in recent years, including operational challenges, weak consumer demand in key markets, and currency pressures (particularly the Botswana pula). CHP's share price has been under sustained pressure, reflecting investor concerns about profitability, cash flow, and competitive intensity in the discount retail space., r1.50 is painful to watch. choppies lost market share to shoprite and pick n pay in the good years, now they're just surviving. debt levels don't help either, weak hands everywhere.
Choppies has been getting hammered but the discount retail model actually works in a constrained consumer environment, look at how Shoprite's held up better. At R1.50 the market's written them off completely, which feels overdone given the Botswana footprint is still profitable and the SA store rationalization is finally bearing fruit. Positioned perfectly for when rand weakness forces shoppers into basics.
Choppies getting hammered but the discount retail play still makes sense long term, those store numbers in botswana are solid. R1.50 is a gift honestly, groceries aint going anywhere and they got margin room if they sort their ops out. LFG
chp getting hammered but discount retail always bounces back, look at what pick n pay did when everyone wrote them off. choppies got the botswana footprint sorted and rand weakness actually helps when youre buying inventory cheap. r1.52 is ridiculous for the recovery play here, best is yet to come!!
Worth noting the margin compression is real, discount retail in SA is getting squeezed from both sides. But fwiw if they can stabilize the Botswana footprint and get the store productivity back up, R1.52 could look cheap in 18 months. Could be wrong but the cash generation potential is still there if management tightens the ship.
Topped up a small parcel of CHP at R1.63 today, down 1.21%, because the pullback into support looks like noise given they're still moving product across the region despite the margin pressure.
CHP down 5.52% to R1.54, which is rough but the retailer's still trading at a discount versus Shoprite on earnings. Food inflation headwinds are hitting everyone in the sector, though CHP's exposure to Botswana provides some diversification Spar doesn't have.
Everyone's dumping CHP after the drop to R160, but the retail space in Botswana and SA still has legs if they sort out their logistics issues. Think this sell-off is overcooked, could be a decent entry point for patient money.
With CHP down 4.17% today to R161, I'm curious whether this is capitulation from the market or if there are actual deteriorations in underlying unit economics that warrant the re-rating. Their gross margins have been under pressure in the Botswana and Zambia operations for some t
CHP's valuation remains compressed relative to regional peers despite stabilizing margins in the Botswana operations, though elevated interest rates continue to pressure the leveraged balance sheet and constrain returns on incremental capital deployment. At current levels, the ma
CHP's valuation at current levels offers limited margin of safety given the structural headwinds in the FMCG retail space and persistent input cost pressures that compress the already thin operating leverage in convenience retail. The modest 1.09% uptick today doesn't alter the f
CHP down 5.91% today is typical panic selling, but I'm not interested until the balance sheet tells a different story. The retailer's been burning cash and facing margin compression in a brutally competitive sector, so this dip doesn't change the fundamental weakness in working c