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?
COL Price at posting:
$12.38 Sentiment: Buy Disclosure: Held
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