So I've been reading about the margin thing everyone keeps mentioning, and I'm trying to work out if Pick n…by @firsttime_frans on $PIK

So I've been reading about the margin thing everyone keeps mentioning, and I'm trying to work out if Pick n Pay's own-brand push actually fixes that or if it's just shuffling money around. Boxer's got the volume but Shoprite seems to be turning theirs around faster on margins, which makes me wonder if PIK at 19.01 is actually cheap or just a value trap while they figure out the supply chain. Still figuring this out but the store network is lekker solid, that part I get.