I compressed the $JSECLS chart at this exact price point. Each candle represents 6 months of trading history.

Clicks weekly $JSECLS Market finally decided the valuation premium was not warranted.

Couple of sell-side analyst updates this morning: - Super Group $JSESPG raised to Overweight at ABSA Securities; PT R21.10 (32% upside) - Gold Fields $JSEGFI raised to Overweight at ABSA Securities; PT R1,045 (34% upside) - OUTsurance $JSEOUT raised to Buy at Investec; PT R84 (16% upside) - Clicks $JSECLS raised to Buy at Citi; PT R411 (41% upside) - TFG $JSETFG cut to Sell at Citi; PT R71 (3% downside).

Clicks Group $JSECLS reported group turnover of R19.5 billion for the first 20 weeks to 11 Jan 2026, up 7.4% y/y. - Retail sales 6.0% (comparable stores 3.7%: selling price inflation 2.4%, volume growth 1.3%). - Pharmacy turnover 9.0%; UPD distribution turnover 11.4%. - Retail was dented by aggressive competitor discounting and a warehouse management system delay at the Cape Town distribution centre. Management estimates ~R120 million lost sales; availability is improving and expected to normalize by Feb 2026. - UPD saw a 20.2% decline in notional bulk-agency turnover after two contracts were not renewed; as a result total managed turnover was down 0.2%. Interim results for the six months to 28 Feb 2026 are expected to be released on or about 23 Apr 2026.

Only two counters in the JSE ALSI are expected to release their results this week: - Clicks $JSECLS - PSG Financials Services $JSEKST Both expected on Wednesday.

Clicks $JSECLS, trades at a high multiple and last weeks trading statement shows turnover up 8.1% SBG has been selling shares and JPMorgan has been buying. This week, the CEO bought R3.5m in shares.

$JSECLS - Last Target achieved with a complete 19,0% return from entry to exit! Sometimes playing the short side can be more rewarding when the money flow dynamic shows up!

$JSECLS - It will be interesting to watch this one play out. Narrative follows price. For yeeeeears Clicks has traded at nosebleed valuations, but all of a sudden 8% yoy growth is not enough anymore. Let's see if the price drop shakes loose more negative views.

$JSECLS #CLICKS #RESULTS Clicks Group Limited - Annual Results Summary (FY2024) Financials: 🔵Group turnover up 9.2% to R45.4 billion. 🔵Retail turnover up 11.7%. 🔵Trading margin up 50 basis points to 9.2%. 🔵Diluted HEPS up 14.3% to 1193.5 cents. 🔵Total dividend up 14.3% to 776 cents per share. 🔵Cash generated by operations of R6.0 billion. 🔵Return on equity of 46.4%. Business Performance: 🔵Clicks increased store base to 936 and pharmacy network to 720. 🔵Clicks ClubCard loyalty program grew to 11.8 million members. 🔵UPD (wholesale division) saw improved performance in H2. 🔵Increased investment in new stores, pharmacies, and refurbishments. Outlook: 🔵Constrained consumer spending expected in short-term, but positive medium-term outlook. 🔵Clicks plans to open 40-50 new stores and pharmacies in FY2025. 🔵UPD well positioned to regain market share. Capital investment of R1.025 billion planned for FY2025. Dividend: 🔵Final gross ordinary dividend of 566.0 cents per share. 🔵Payable on January 27, 2025. Additional Resources: 🔵Full results available at: senspdf.jse.co.za/documents/… 🔵Clicks Group website: clicksgroup.co.za

$JSECLS - We had to wait a LONG TIME to get this set up … and so far weve been bang on the money ! Great SHORT!, see email thread delivered to clients below!

$JSECLS - Clicks: Defensiveness Invalidates Bearish Outlook dlvr.it/T9CBMC 📈📉💹📊 via ➡️ alerttrade.us

🚨 BROKSTOCK INVSTR 🚨 3 JSE SHARES TO INVEST IN THIS APRIL 2024 ⚠️ DISCLAIMER: This information does not constitute financial advice of any nature whatsoever. The decision to invest and, and the suitability of any investment choice is sorely your responsibility 1) $JSECLS 💊

$JSECLS - Still a very strong set up working on the right channel.. Could swing a long here with a SL under 29800c.

Citi has a preference for Clicks $JSECLS over Dis-Chem $JSEDCP. Clicks rated new Buy with a target price of R353 (21% upside from last price)

Want to gauge how underpriced Chinese stocks are? #JSECLS Clicks’ earnings multiple is greater than 3x that of Alibaba. 🤯

Some solid calls today whilst I was bouncing in and out of meetings .. $JSECLS $JSEFSR $ALSI

$JSECLS Clicks director buys shares for R244.98 ! What!! Then you see the date 23 OCTOBER Little late with the SENS disclosure I think

Catch me live on @BusinessDayTV between 13:00 - 13:30 for the last Trade of the Week for the year. I'll do a Technical Analysis recap on $JSEADH $JSECLS $JSEGRT $JSESBP $JSESHP. charts powered by @tradingview

Clicks $JSECLS jumped as much as 8.2% today on their earnings and dividend beat. - Turnover R41.62 billion, 5.1% y/y, estimate R41.98 billion. - Diluted headline earnings per share R10.445 vs. R10.327 y/y, estimate R10.42. - Dividend per share R6.79, estimate R6.46.