Cut & Paste from Carmichaels
"Coles Myer (CML) announced that FY2002 NPAT would be in the range of $350m to $365m. This amounted to a downgrade of between 9% and 15%. The stock had previously run hard on expectation, so the downside will be significant, and lengthy. We see the stock drifting back towards $6.20 in the lead up to June. Furthermore, CML will have lost market support and will rely on the FY2002 result to restore confidence."
My thoughts are that they will bounce back a bit in July.
Revenue from purchased Franklins stores will assist the supermarket sales growth and the are currently increasing margins on all grocery lines.
cheers
Cut & Paste from Carmichaels"Coles Myer (CML) announced that...
Add to My Watchlist
What is My Watchlist?
 (20min delay)
|
|||||
|
Last
2.2¢ |
Change
-0.001(4.35%) |
Mkt cap ! $53.99M | |||
| Open | High | Low | Value | Volume |
| 2.3¢ | 2.3¢ | 2.2¢ | $1.127M | 50.75M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 10 | 4969948 | 2.2¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 2.3¢ | 3045000 | 3 |
View Market Depth
| Last trade - 16.10pm 20/06/2025 (20 minute delay) ? |
| GCM (ASX) Chart |