Did you read the actual report?
I found it extremely disappointing.... They boosted their profits by revaluing stock. That is a really lazy way to hide the truth of what's going on.
I also found it fascinating, their supermarket business grew by just 2%... the news last week was saying that food inflation is at 9%. So technically they declined by 7%, and sure lockdowns a year ago would have had an impact. They have poor deals when it comes to their massive debt too.
Just a matter of time before institutional investors dump this stock.
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Price($) | Vol. | No. |
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