We all love one thing or another on the Spur menu. Now we have to wonder; could owning a portion of Spur be the real thing here? Frankly, I prefer owning than boosting. I’m an opportunist. An introverted opportunist.
Spur Corporation Limited shares were selling at R 31, 00 each on the 21st of September 2017. Then suddenly it fell to R 25, 07 on the very same day. Now this is where being able to see a gap comes in. Most of us, if not all, spend money at Spur at some point in the month. The logical thing to do on that day was to by a couple of shares and hope it the price rises again in future. Luckily for me it did rise again. At some point of the day on the 18th of January 2018 the price was R 29, 49 per share and I cashed in. My only regret is not having a pocket big enough to have me set for life at that cash in. Why I am telling you this, you might wonder.
Well, the answer is simple. I think that there is potential in buying share in Spur Corp. as it stands today their shares are selling at R 25, 96 each. They have potential to grow and they also have potential to fall. When one embarks on a share purchasing journey in any industry, you have to be willing to lose a bit and be willing to gain a bit.
This Corporation owns multiple franchises such as John Dory’s, Panarotti’s and RocoMamas to name but just a few. So owning shares or even going as far as buying a franchise in this Corporation could possibly be one of the best decisions that one can ever make. Hopefully, you have a passion for the food industry or actually hire people who do. Also looking at the growth the food industry is having, especially with established brands. This could be a great investment.