• Power to Gordhan

    SONA 2016 has set it all up for Pravin Gordhan, it shows just how powerful he may be, says Daniel Silke.

  • Inside Labour

    The history of Valentine Day cards gives a glimpse of how technology resulted in job cuts, says Terry Bell.

  • Courage to do right

    A number of factors will impede Zuma’s opportunity to have a ‘Lula moment’, says Prof Dirk Kotze.

All data is delayed
Loading...
See More

Cashbuild shares drop to 7-month low

Jan 30 2013 12:26
I-Net Bridge

Company Data

CASHBUILD LIMITED [JSE:CSB]

Last traded 269
Change 8
% Change 3
Cumulative volume 48796
Market cap 0

Last Updated: 12-02-2016 at 05:00. Prices are delayed by 15 minutes. Source: McGregor BFA

Related Articles

Cashbuild Q1 revenue rises 4%

Cashbuild profits up

Cashbuild Q2 revenue up 9%

Cashbuild continues to expand

Cashbuild appoints new CEO

Cashbuild revenue picks up in Q1

 

Johannesburg - Shares in Cashbuild [JSE:CSB] dropped as much 7% on Wednesday to seven-month lows after the building materials retailer reported slow revenue growth in the December quarter.

“The trading update has disappointed the market as the retailer was priced for strong growth‚” Vestact portfolio manager Byron Lotter said.

Revenue for its second quarter to December 2012 was up 1% from a year earlier.

In the past three years‚ revenue growth for the company has been above 8%.

“It is no coincidence the update was released in the same day as African Bank’s‚ which showed a slowdown in unsecured lending. The other potential reason for the slowdown in sales could be the strike activity last year‚ which affected low-income earners’ disposable incomes‚ because the company is largely geared towards rural areas‚” Lotter said.

At 10:37am‚ the share price was down 6.6% at R138.80‚ the lowest level since July 3‚ valuing the company at R3.491bn.  

Follow Fin24 on Twitter, Facebook, Google+ and Pinterest.

cashbuild

 
 
 

Read Fin24’s Comments Policy

24.com publishes all comments posted on articles provided that they adhere to our Comments Policy. Should you wish to report a comment for editorial review, please do so by clicking the 'Report Comment' button to the right of each comment.

Comment on this story
0 comments
Comments have been closed for this article.
 

Company Snapshot

We're talking about:

SMALL BUSINESS

Marketing is a big concern in SA's small business community, followed by a lack of confidence and partnering with the wrong people, according to a survey.
 

Money Clinic

Money Clinic
Do you have a question about your finances? We'll get an expert opinion.
Click here...

Voting Booth

Will Jacob Zuma's State of the Nation speech help SA avoid "junk" downgrade?

Previous results · Suggest a vote

Loading...