Coles profit have dropped about 29% . They have also declared no dividend. Has the restructuring and demerger caused much of this drop?
Is it a BUY or a SELL? If we work on an original cost of around $9 (assuming a 72:28 split in the demerger) (just a guess) then most would be making a profit now. But InvestSmart has them as a BUY and so does The Motley Fool saying the results a reasonably solid and prefer them about Woolworths. Morningstar rates Coles fair value at around $13.3 which is 5%-6% above current price. SimplyWallSt rates Coles at much lower value of $around $10-11 based on future cash flow, which means they are slightly overvalued at current price. We coming to a conclusion for a BUY.
What do you think?
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- Is Coles a sell or a buy after today's results?
Is Coles a sell or a buy after today's results?
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$18.39 |
Change
-0.040(0.22%) |
Mkt cap ! $24.63B |
Open | High | Low | Value | Volume |
$18.45 | $18.45 | $18.32 | $61.78M | 3.415M |
Buyers (Bids)
No. | Vol. | Price($) |
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1 | 63 | $18.38 |
Sellers (Offers)
Price($) | Vol. | No. |
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$18.40 | 1315 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 1300 | 18.340 |
1 | 4000 | 18.320 |
1 | 4000 | 18.310 |
4 | 19088 | 18.300 |
1 | 4000 | 18.290 |
Price($) | Vol. | No. |
---|---|---|
18.400 | 815 | 1 |
18.410 | 33 | 1 |
18.420 | 1225 | 1 |
18.440 | 537 | 2 |
18.450 | 125 | 1 |
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