Ann: FY14 Guidance Update , page-3

  1. 8,098 Posts.
    lightbulb Created with Sketch. 1195
    I took a small loss and exited my entire position (except for tiny holding in case of attractive future capital raising).

    Reasons:
    (a) Coles/safeway reporting increased profits, yet metcash decreasing
    (b) most important for me, there is a 2-3year turnaround project in place. Significant increase in capital expenditure, but will it work? better to come back in a couple of years time when earnings/cashflow will be depressed because of expenditure and access it then.
    (c) This stock is not even a dividend play anymore. At 60% payout I forecast DPS to be around 16c. At current market price of $2.85 a 5.6% yield with uncertain future earnings does not cut it for me.

    Happy to sit on the sidelines
 
Add to My Watchlist
What is My Watchlist?
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)
Last
$3.89
Change
-0.050(1.27%)
Mkt cap ! $4.273B
Open High Low Value Volume
$3.91 $3.93 $3.87 $12.49M 3.210M

Buyers (Bids)

No. Vol. Price($)
2 16500 $3.88
 

Sellers (Offers)

Price($) Vol. No.
$3.90 41969 4
View Market Depth
Last trade - 16.12pm 16/07/2025 (20 minute delay) ?
MTS (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.