Yesterday JD Group and Steinhoff announced their merger talk is now off, due to insufficient JD Group shareholders' support.
JD Group is also recently in the news about it charging its customers much higher interest rates on furniture loans. This, together with its relatively poor profit outlook, has weighed on its share price.
Judging from the price chart, it has broken the shoulder line of a head and shoulder pattern, which is negative. It is likely to test the R77 - R79 level.
However, should it reach the R77 level, it will be a good time for investors to buy the stock. It will be at a lower PE. In addition, JD Group offers high dividend yield.
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1 comment:
groupon is now a days its marketing were increasing,google to trying to get groupon for local business...
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