IM believes Libstar is an overlooked special situation and thus recommends it as a buy 🔒
Mid-cap food counter Libstar may be a counterintuitive trade of the month given the rampant soft commodity and food price inflation seen in the JSE food producers sector.
The stock is also unloved by the market, a hangover of its miserable listing in May 2018 when the R12.50 placement price crashed in August 2018 to settle at 550c on a sudden profit warning. That’s usually the kiss of death for any new listing — the market is unforgiving...
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