Showing signs of an exhausted run

Clicks is a provider of health and beauty merchandise and is the largest retail pharmacy chain in South Africa. The company also owns the pharmaceutical wholesaler United Pharmaceutical Distributors (UPD).

- Moxima Gama

Share price history

Clicks’ share price gradually appreciated from a low at 1 115c/share after acquiring 60% of Direct Medicines for a cash payment of R13.2m in 2008. The group then assumed control of all Medicross pharmacies on 1 December 2016 and 45 retail front shops of the Netcare hospital division on 1 February 2017 – its share price surged to a high at 22 220c/share. Through a series of good financial results and impressive growth, Clicks’ share price tested a high at 28 115c/ share in December 2020. The group’s share price subsequently formed a new high at 31 165c/share in September.

Current outlook