Whether or not WOW retests the $29.00/$29.20 level between now and the release of their report to the market expected on 28/08/15 , I have taken my profit on the swing trade.
By my observations there is too much pressure on their grocery margins , there is too much uncertainty on their MASTERS direction going forward, and they are treading water awaiting change at the top. The MARKET does not like uncertainty. From what I have gleaned, even with some recent appointments to the board, a complete enema of same may be a further positive.
I anticipate a down grade in earnings in their August release . This would be a first for WOW since listing in 1993.
There are some dynamic changes transpiring in this sector which will result in a paradigm shift for WOW in the pecking order ALDI/WES/WOW.
Metcash have sold their best performing asset, their " jewel in the crown" , the AUTOBARN franchise, to stay alive in the near term.
Metcash/IGA franchise will not survive. The IGA current advertising campaign about matching prices by them walking into the opposition stores ?????? I have seen two IGA stores in my area{ 10k radius} close and have been replaced by ALDI on those sites. A sign of what is to come?
It will be a leap frog opportunity for ALDI with no opposition from ACCC.
COLES , at the moment, are in a perfect place, price makers and not price takers in relation to WOW.
ALDI have made a BIG move in their recent TV ads to emphasise the origin and content of their offerings...more to follow.
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Last
$32.97 |
Change
0.000(0.00%) |
Mkt cap ! $40.27B |
Open | High | Low | Value | Volume |
0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 150 | $39.61 |
Sellers (Offers)
Price($) | Vol. | No. |
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$31.00 | 50 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 150 | 39.610 |
4 | 2063 | 39.560 |
4 | 3427 | 34.610 |
2 | 897 | 34.560 |
1 | 57 | 34.090 |
Price($) | Vol. | No. |
---|---|---|
31.000 | 50 | 1 |
31.300 | 614 | 1 |
31.310 | 1072 | 2 |
31.330 | 4760 | 10 |
31.340 | 1013 | 1 |
Last trade - 09.58am 03/10/2024 (20 minute delay) ? |
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