The eBay plan is apparently worth $1.25b upfront (sp. rose $1 x 1.25b shares on issue). Investors seem to be embracing this idea as a great success before it has even begun.
Sold my WOW shares about two years ago after visiting a couple of new Masters stores (traveled a fair distance to do it too, claimed travel expenses!) - was disappointed with the concept and felt the implementation needed a lot more work to be competitive. Bunnings have a massive head start in hardware and I think Woolies management were (are?) too complacent.
Still a very strong company and the cash will keep rolling in. However, a very large increase in short interest over the last six months (now at 5.4%, WES only 0.9%) is a red flag for me.
News: Woolworths partners with eBay Australia, page-15
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Last
$33.94 |
Change
0.200(0.59%) |
Mkt cap ! $41.46B | |||
| Open | High | Low | Value | Volume |
| $33.94 | $34.10 | $33.85 | $47.51M | 1.399M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 6276 | $33.94 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $33.95 | 1500 | 1 |
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| Last trade - 16.10pm 09/07/2024 (20 minute delay) ? |
| WOW (ASX) Chart |