| Market cap | R43.4B |
|---|---|
| P/E | 12.0 |
| EPS | N/A |
| Div yield | 5.40% |
| 52W high | R227.44 |
| 52W low | R146.28 |
| Volume | 80K |
| Listed | N/A |
Price and fundamentals data is supplied by EODHD, with Yahoo Finance as a fallback source. Sentiment is computed by StockTalk SA from 61 live member stances recorded by registered members on this page.
Investors are bullish on Mr Price Group with the stock climbing toward 170, driven by positive sentiment about the company's stronger-than-expected balance sheet performance. The mood is upbeat with traders celebrating the green day and steady price gains.
Summarized from 6 posts · updated nightly
@nico_the_analyst good explainer, that's the thing exactly.
MRP's got that Sharks bite, just needs the Springbok consistency to back it up.
the thing is, people still need clothes even when money's tight, and mr price's whole thing is selling the cheaper stuff. so when load-shedding's hitting everyone's wallet, that's actually when value retailers do okay.
@jim_jse4 ja, plenty of fight left in this one.
is 169.55 expensive for one MRP share, or is that normal for JSE stocks?
Do you think people are actually shopping more at Mr Price right now, or is it just that the stock's cheap so everyone's piling in? Hard to get excited about clothing retail when half the country's skipping discretionary spending.
A dividend is when the company hands some of its profit to whoever owns the shares, usually a couple times a year. MRP's done it before when things were going well, so if you own the share and they declare one, you get paid just for holding it, separate from whether the price goes up or down.
@factcheck_fana ja, when people are already tight on cash they cut clothes first, not groceries.
ok so if shoprite and mr price both sell stuff people need, why is mr price harder hit by load-shedding?
Good day to top up. MRP sells everyday clothes and basics to people who can't afford to splash out, which is basically most of us when things get tight. The margin is thin so load-shedding and weak consumer spending do hurt, but that's exactly why the price at 169.55 makes sense right now, not a disaster.
stage 6 tonight so might actually get some work done on the laptop for once
Just bought 50 MRP at 169.55, am I mad or is this actually lekker value?
MRP's bread and butter is selling clothes and basics to people who watch their money, which is most of us right now. When load-shedding hits retail hard, a business that runs on thin margins like this one feels it in the till pretty quickly.
Mr Price's whole thing is selling affordable clothes and basics to people who are budget conscious, which is exactly what works when times are tight. Load-shedding and tough consumer spending hurt everyone in retail, but MRP's margins are already thin so yeah, it feels it harder than say Woolies does. At 169.55 though, seems reasonable if you're in it for a few years.
Reading the latest results, balance sheet holding up better than I thought.
@franco_cape ja, green suits MRP today