Bidvest Group (BVT) | The group is due to report it's full year earnings on Monday 14 September expectations - as per Reuters - are for Earnings Per Share of R10.71, a 20.55% decline YoY, placing the share on a price/earnings ratio of 12.4x (as at Friday's closing price of 133.83) should expectations be met. At the group's trading update for the ten months to 30 April, it stated the following: "Bidvest shareholders were informed at the time of the release of the Group’s interim results (2 March 2020), that trading conditions were challenging due to low business confidence in South Africa, constrained consumer demand and an overall weak economic environment. The COVID-19 pandemic has resulted in the economic and social environment becoming more demanding and uncertain, and has created significant operational disruptions, both on the demand and supply side of our economy. The impact on Bidvest’s trading businesses is significant and the services businesses are also being disrupted." These comments are reflective of business conditions before the official national lockdown commenced on 26 March. On the chart: Since late March, the share has found support near it's multi-year lows of ~R128-R132. A close below 130.50 on a weekly basis opens up R110 - R112 as a target range. The weekly chart accumulation and distribution indicator is trending lower while the RSI is in a bearish regime.