Whether or not WOW retests the $29.00/$29.20 level between now and the release of their report to the market expected on 28/08/15 , I have taken my profit on the swing trade.
By my observations there is too much pressure on their grocery margins , there is too much uncertainty on their MASTERS direction going forward, and they are treading water awaiting change at the top. The MARKET does not like uncertainty. From what I have gleaned, even with some recent appointments to the board, a complete enema of same may be a further positive.
I anticipate a down grade in earnings in their August release . This would be a first for WOW since listing in 1993.
There are some dynamic changes transpiring in this sector which will result in a paradigm shift for WOW in the pecking order ALDI/WES/WOW.
Metcash have sold their best performing asset, their " jewel in the crown" , the AUTOBARN franchise, to stay alive in the near term.
Metcash/IGA franchise will not survive. The IGA current advertising campaign about matching prices by them walking into the opposition stores ?????? I have seen two IGA stores in my area{ 10k radius} close and have been replaced by ALDI on those sites. A sign of what is to come?
It will be a leap frog opportunity for ALDI with no opposition from ACCC.
COLES , at the moment, are in a perfect place, price makers and not price takers in relation to WOW.
ALDI have made a BIG move in their recent TV ads to emphasise the origin and content of their offerings...more to follow.
- Forums
- ASX - By Stock
- WOW
- WOW likely to take a big hit
WOW likely to take a big hit, page-2
-
- There are more pages in this discussion • 87 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add WOW (ASX) to my watchlist
|
|||||
Last
$33.42 |
Change
0.120(0.36%) |
Mkt cap ! $40.82B |
Open | High | Low | Value | Volume |
$33.41 | $33.49 | $33.32 | $42.60M | 1.274M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 8318 | $33.42 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$33.43 | 362 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 6407 | 33.410 |
1 | 208 | 33.400 |
1 | 299 | 33.380 |
1 | 5681 | 33.370 |
1 | 350 | 33.360 |
Price($) | Vol. | No. |
---|---|---|
33.450 | 7644 | 3 |
33.460 | 2000 | 1 |
33.470 | 400 | 1 |
33.480 | 175 | 2 |
33.490 | 6451 | 2 |
Last trade - 16.10pm 03/07/2024 (20 minute delay) ? |
Featured News
WOW (ASX) Chart |
The Watchlist
TON
TRITON MINERALS LTD
Adrian Costello, Executive Director
Adrian Costello
Executive Director
Previous Video
Next Video
SPONSORED BY The Market Online