Looks like it has held at 14 - 14.50 price range, with fair volumes still being traded. This appears to be its new resting point (as it did at 10 and 12 shs).
Given the good retail business environment, declining inflation, first half results, plus number of new stores that are now contributing to the bottom line, methinks expected growth full year only partly factored into the price - there is still significant upside potential. I do my shopping there, and am always pleased with the volume of business being done.
The oft quoted book value of 9.55 as a reason for current over-valued price may be misleading - Book value for June 2010 was only 5.8shs, and rose in 1 year to 8.6 by June 2011. Now, 9.55. It should be significantly higher by end 2012, given new stores, inventory, etc. Some good analyst out there should have worked this out already, contributing to the maintained high price.
Ive been adding more shares since 6.85shs, though stopped buying at 12shs (was dizzy by then!). I wonder if its time to start buying again, as the expected price dip is just refusing to happen - and may be rather shallow if it does, before another rally starts!