Below $20 is likely. As each month passes it seems that the problems at Woolies continue to build up. There was little, if any, in the way of good news in their latest sales report. Coles and Aldi are formidable competitors at the moment. Slashing prices is not going to solve all their problems. IMO Coles have a superior marketing campaign.
Also seems that Woolies are always playing "catch up" to Coles. The irony is that when WES took over Coles all those years ago, that was the time they should have slashed prices. They could have slammed the door on Coles and they would be in a far superior position today. But they didn't and now Coles is eating their lunch.
WOW! can it hit $20.oo?, page-6
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Last
$34.45 |
Change
0.240(0.70%) |
Mkt cap ! $42.08B | |||
| Open | High | Low | Value | Volume |
| $34.43 | $34.48 | $34.27 | $51.36M | 1.492M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 17 | $34.37 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $34.45 | 7185 | 3 |
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| Last trade - 16.10pm 29/07/2024 (20 minute delay) ? |
| WOW (ASX) Chart |