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Factually incorrect!Coles Share Price Hike was 25%. Fact.Coles...

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usc75

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181

18/02/20

08:47

Post #: 42987646
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Originally posted by 600mL: ↑

This is fearmongering, bordering on abject stupidity.

Supermarkets have been criticised for years for underpaying dairy farmers and have been selling home-brand items at below cost prices in order to draw in customers and profit on other lines of products. It's a well known story.

A rise that brings a home-brand product price closer to branded competitor products is not a sign of hyperinflation.

Also, I would suggest using the percentage price comparison against the branded competitor good, say 1L of "Brownes" milk would be better. (~$1.88/L) It would be a much smaller percentage and somewhere around 13% as an example.

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Factually incorrect!

Coles Share Price Hike was 25%. Fact.

Coles Kept 100% of $0.25 Extra It Charged! Fact.

Coles Did NOT Give Any of Extra $0.25/Lt Charged to Dairy Farmers! Fact.

$0.25 Increase In Retail Price on $1.00 = 25% = Hyper-Inflation! Fact.

COL Price at posting: $16.91 Sentiment: None Disclosure: Not Held
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(20min delay)
Last $16.31		Change 0.050(0.31%)		Mkt cap ! $21.84B

Open	High	Low	Value	Volume
$16.30	$16.44	$16.23	$41.28M	2.529M

Buyers (Bids)

No.	Vol.	Price($)
2	5498	$16.31

Sellers (Offers)

Price($)	Vol.	No.
$16.32	8325	1

View Market Depth

No.	Vol.	Price($)
1	122	16.300
4	9715	16.290
1	8813	16.280
4	21192	16.270
3	14346	16.260

Price($)	Vol.	No.
16.320	8325	1
16.330	222	1
16.340	115447	3
16.350	940	3
16.360	9111	2

Last trade - 16.10pm 08/05/2024 (20 minute delay)


Last $16.31			Change 0.050 ( 0.34 %)
Open	High		Low	Volume
$16.29	$16.44		$16.25	2018929
Last updated 15.59pm 08/05/2024 ?

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