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Charles Graham: Market Commentator.
(From Moneyweb (South Africa) - AAGM)
Byline: Belinda Anderson
MONEYWEB: Charles Graham from Mawenzi Asset Management is with us on the line now. He is our market commentator for this evening. Charles, what were your thoughts on the Profurn profit warning?
CHARLES GRAHAM: We've seen Profurn - the share price has been falling over a period of time, and we are now at levels where we saw it quite a few years back. It's rather disconcerting. I think their business model is failing.
Really, I think that if one is investing in that share, it's purely speculative at this point in time. I'm a little bit concerned.
MONEYWEB: Did you have a chance to listen to Gavin Walker earlier in the show?
CHARLES GRAHAM: I did, and it worries me that they are changing their sales mix so radically - to cash sales.
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