The accountants among us can work out what is the current fair value for API.
However this seems a great strategic move by WOW.
Priceline Pharmacies overwhelmingly attract a female demographic. While I'm no expert profiler the business seems to have a lot of 18-40 year old women who love its cosmetics ranges.
Priceline is also well known for offering flu shots and more recently COVID-19 vaccinations. Unlike unlisted rival Chemist Warehouse, the wider aisles and often availability of a separate room make these a breeze at Priceline, though it increased the cost of these this year if I recall.
For years, WOW has wanted to establish pharmacies in supermarkets, but has been stymied by the pharmacists' industry lobby group - some call it the strongest trade union in Oz as it has the ear of Federal governments - so this could be an excellent way of entering the sector.
Specific figures have not been quoted but a recent media article briefly claimed 'WOW's market share (in supermarket trading) was increasing' so it has plenty of cash to wisely splash around.
Will WES reply with a further, higher bid?
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$34.53 |
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Mkt cap ! $42.27B |
Open | High | Low | Value | Volume |
$34.76 | $34.88 | $34.49 | $30.07M | 868.6K |
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No. | Vol. | Price($) |
---|---|---|
19 | 3006 | $34.52 |
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Price($) | Vol. | No. |
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View Market Depth
No. | Vol. | Price($) |
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18 | 3873 | 34.510 |
21 | 3680 | 34.500 |
16 | 2327 | 34.490 |
6 | 1013 | 34.480 |
Price($) | Vol. | No. |
---|---|---|
34.530 | 3696 | 30 |
34.540 | 3698 | 16 |
34.550 | 1892 | 10 |
34.560 | 1467 | 8 |
34.570 | 1707 | 7 |
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