Mr Price Group (JSE: MRP) share price, discussion & sentiment

pulled the latest sens filing, working capital compression is real. holding.

@mumu_data yep, volume picked up this morning too. decent sign

@mumu_data decent volume tho, have you seen the daily? looks thin to me, whats your read on that

@julianreins_jse inventory story is the real one here

inventory turn is the real tell here, julian nailed it. retailers sitting on dead stock while eskom kills foot traffic, mrp's actually selling through. r175 is fair value if they keep that momentum, rand weakness helps too on the import side.

MRP moving like the Boks in the second half, slow build then boom

R177.36, finally some momentum hey

Pulled the latest SENS filing, working capital management is legit tighter this quarter

r175.91 now, slow grind up. lekker

Good Morning Everyone, MRP holding above R175 on decent volume this morning, retail sector stabilizing a bit.

MRP holding R175.91 today but what's actually interesting is the inventory turn on the latest set, they've tightened working capital properly. Most retailers are still bloated from the pandemic, Mr Price is actually moving stock, ngl that's the game right now with load-shedding killing foot traffic.

Volume's been thin on the way up, typical shake out before a proper run

@cape_steel yep, dollar strength killing them right now

Worth reading their latest inventory notes, stock turn is key here

sextant makes a good point on inventory, that's the thing that separates them from Truworths right now. yeah the rand is killing margins but if they're clearing stock faster they've got more dry powder than people think. come back in 6 months, sp will look different.

R172.58 now, good day to top up

Stop loss raid at 173. Algos doing their thing again ngl

@easystreet_jse MRP down less than 1 percent though, wheres the real damage?

Rand weakness is a real headwind for MRP ngl, but the thing that gets me is their inventory turn versus Truworths. MRP's moving stock faster even in this cycle, which means they're not stuck holding bags of expensive imports. At R172 you're pricing in a lot of pain that might not actually land if consumer hold their nerve through Q1.

@cape_steel margin squeeze is real. Rand tanking doesn't help when you're buying in dollars.