No real chance of good growth. The are competing with Coles who have more to gain. When you are the dominating the market you only have one place to go.
Check out Telstra. Just because you are at the top, doesn't mean it will last.
My first decision about investing was never to buy WOW nor the business where I work.
If WOW are able to diversify away, ie into financial markets/banking or pharmacy then maybe there is some growth. There was their buy up of pubs for the pokie revenue but that doesn't tap into the WOW brand per se.
Good luck,
Robbbbbb sometime ago did do a chart however that a repeating range good take it to $50 - this I took note of.
why is woolies under selling pressure folks?, page-23
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Last
$35.68 |
Change
-0.050(0.14%) |
Mkt cap ! $43.58B | |||
| Open | High | Low | Value | Volume |
| $35.87 | $35.88 | $35.45 | $137.1M | 3.845M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 6223 | $35.63 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $35.69 | 617 | 2 |
View Market Depth
| Last trade - 16.10pm 30/08/2024 (20 minute delay) ? |
| WOW (ASX) Chart |