PIK at R18.71 is trading at around 8x P/E which looks reasonable for a grocer, but revenue growth has been…by @easy_money_sa on $PIK

PIK at R18.71 is trading at around 8x P/E which looks reasonable for a grocer, but revenue growth has been anaemic and margins compressed by competition. The dividend yield is decent if they maintain payouts, but I need to see some operational leverage before getting excited.