Pick N Pay Stores (JSE: PIK) share price, discussion & sentiment

R20.97, algos running out of ammo maybe

R20.97, finally breaking through that wall

R20.97, finally cracking through hey

Wall at 21 keeps getting rebuilt. Bit sus hey.

r20.85, bit of green finally

come on pik, lets go!

Grocery volumes holding up better than the doom crowd expected, load-shedding hitting them less than some peers.

algos hammering it every time we get close to R21. eish.

R20.85, good day to top up

big boys dumping at close again, so stupid man

R20.85 holding strong today, green momentum.

Someone's been selling into every bounce since open, eish.

margins are getting murdered but thuli's right, they're not drowning in debt like some thought. the store closures finally slowing down matters more than the quarterly noise, footprint's still the moat here. shoprite doesn't have pik's convenience play, that's worth something in 6 months.

@scandi_jse64 cash flow still the issue though?

yeah the footprint thing is real, pik's got way more stores than what people give it credit for, but you're right the cash bleed is the problem right now. margins getting hammered and restructuring isn't cheap. if they can stabilize the cash flow over next couple quarters though, that scale becomes an asset not a liability. holding for now, GLTA.

@trpine_patient yep, exactly. Scale matters here, footprint's the moat ngl

@k_maphosa yep, restructuring bill is real. not selling at these prices though

@trpine_patient scale means nothing if margins keep collapsing. whats the turnaround catalyst here?

footfall steadier is good but do you think the rand weakness helps or hurts when most stock is sourced locally. margins getting squeezed either way ngl.

@scandi_jse64 ja, footfall stabilising is the thing