Woolworths Ltd (WOW)

Discussion in 'Stocks & Derivatives' started by finicky, Oct 8, 2014.

  1. nickybaby

    nickybaby Member Silver Stacker

    Joined:
    Aug 4, 2011
    Messages:
    524
    Likes Received:
    17
    Trophy Points:
    18
    Location:
    perth
    quite the drop today. WOW
     
  2. SilverDJ

    SilverDJ Well-Known Member

    Joined:
    Nov 1, 2014
    Messages:
    4,038
    Likes Received:
    1,254
    Trophy Points:
    113
    Location:
    Australia
    WOW all right, almost 10% drop today.
    Might be time to buy some more in the super fund.
     
  3. silver kook

    silver kook Active Member

    Joined:
    Dec 1, 2010
    Messages:
    1,138
    Likes Received:
    1
    Trophy Points:
    36
    Location:
    Australia
    WES down around 5 per cent too!
     
  4. nickybaby

    nickybaby Member Silver Stacker

    Joined:
    Aug 4, 2011
    Messages:
    524
    Likes Received:
    17
    Trophy Points:
    18
    Location:
    perth
    my understanding is that woollies is spending profit to increase competitiveness. Wes down as they will have to follow suit to stop customers going to woollies.

    said I was going to buy back into woollies at 25.00. I suspect market sentiment will drive this lower and will hold off.
     
  5. SilverDJ

    SilverDJ Well-Known Member

    Joined:
    Nov 1, 2014
    Messages:
    4,038
    Likes Received:
    1,254
    Trophy Points:
    113
    Location:
    Australia
    Metcash MTS down 10% as well!
    After a pretty decent rally recently.
     
  6. Caput Lupinum

    Caput Lupinum Active Member Silver Stacker

    Joined:
    Jun 18, 2012
    Messages:
    4,785
    Likes Received:
    17
    Trophy Points:
    38
    Location:
    Silver Stackers forum
    I'm liking MTS as a potential takeover target from somewhere. WOW or WES would have a hard time convincing ASIC to approve it so maybe an overseas supermarket chain. I don't hold it
     
  7. finicky

    finicky Well-Known Member Silver Stacker

    Joined:
    Jun 10, 2011
    Messages:
    3,543
    Likes Received:
    77
    Trophy Points:
    48
    Location:
    Dreamworld
    Bit glib, but last time WOW behaved like this, in late Feb where it gapped massively down, it continued to deteriorate 20% over another 7 months. Has undone the subsequent rally now anyway. Holder of WOW, but buying's not for me until confirmed change of direction.
     
  8. Lunardragon

    Lunardragon Well-Known Member Silver Stacker

    Joined:
    Oct 19, 2011
    Messages:
    4,025
    Likes Received:
    64
    Trophy Points:
    48
    Location:
    Land of Nineth Dragon
    Perhaps waiting some remedies on their masters home...
     
  9. Silverthorn

    Silverthorn Well-Known Member

    Joined:
    Apr 29, 2010
    Messages:
    2,626
    Likes Received:
    58
    Trophy Points:
    48
  10. tozak

    tozak Well-Known Member Silver Stacker

    Joined:
    May 6, 2011
    Messages:
    1,987
    Likes Received:
    31
    Trophy Points:
    48
    Location:
    Australia
    My whole life up until 2010 I only ever shopped at Woolworths then one day in 2010 the stores refused to accept my Debit card as part of their new 'Debit Cards Policy' I left the trolley full of shopping at the checkout and walked out and have never been back to do a full grocery shop since. I quite enjoy shopping at Coles now and over the past 5.5 years have really grown to know the layout of their shops now and the odd one off days I do find myself having to run into a Woolworths to grab something doesn't entice me back either. I can't help but feel that this was the most devastating policy Woolworth's ever tried as I know many other people also left Woolworths that day and never came back.
     
  11. billybob888

    billybob888 Well-Known Member Silver Stacker

    Joined:
    Jan 8, 2014
    Messages:
    1,692
    Likes Received:
    107
    Trophy Points:
    63
    Location:
    Australia
    Im not loyal to particular supermarket chains, i stay loyal to value for money
     
  12. BuggedOut

    BuggedOut Well-Known Member Silver Stacker

    Joined:
    Jul 21, 2015
    Messages:
    2,395
    Likes Received:
    467
    Trophy Points:
    83
    Location:
    New South Wales
    I bought some WOW today @ 23.44

    From a technical perspective it was a long (2 year) downtrend that looks oversold, found a decent base and it recently has bounced with a short covering rally that could signal the bottom is in.

    From a fundamentals perspective there have been some restructuring which may be positive and also the recent strengthening of the AUD is likely to help profitability. Even though I am generally a bit of a bear on the broader market and economy and think we could be in for tough times, it seems a good defensive stock and could/should hold up ok even if we go into recession.....and if we go into money-printing mode (food stamps?) then there's actually some upside.

    Anyone else holding?
     
  13. Sid

    Sid Member

    Joined:
    May 14, 2015
    Messages:
    102
    Likes Received:
    11
    Trophy Points:
    18
    Location:
    Australia
    Bugged Out, what indicates that shorts are being covered? Or is this just an assumption due to change in sentiment short term?

    Cheers,
     
  14. SilverDJ

    SilverDJ Well-Known Member

    Joined:
    Nov 1, 2014
    Messages:
    4,038
    Likes Received:
    1,254
    Trophy Points:
    113
    Location:
    Australia
    I stay loyal to convenience.
    I'm not going to drive a few extra miles to save a few bucks on the groceries.
     
  15. BuggedOut

    BuggedOut Well-Known Member Silver Stacker

    Joined:
    Jul 21, 2015
    Messages:
    2,395
    Likes Received:
    467
    Trophy Points:
    83
    Location:
    New South Wales
    Admittedly it is a bit of an assumption/opinion regarding the sharpness and volume of the recent bounce. But it could probably be backed up by looking at open interest. Unfortunately I am not that diligent, nor do I have that info.
     
  16. markc

    markc Member

    Joined:
    Apr 30, 2011
    Messages:
    351
    Likes Received:
    8
    Trophy Points:
    18
    Location:
    Brisbane
    I held WOW but sold out once all the stuff ups started happening.
     
  17. Sid

    Sid Member

    Joined:
    May 14, 2015
    Messages:
    102
    Likes Received:
    11
    Trophy Points:
    18
    Location:
    Australia
    Yeah all good I thought there may be something I was missing!
     
  18. miniroo

    miniroo Well-Known Member Silver Stacker

    Joined:
    Jun 21, 2012
    Messages:
    1,048
    Likes Received:
    67
    Trophy Points:
    48
    Location:
    Victoria
    too much going on to be sitting in this with the grandpa, grandma holders, the AGM would be like a wake, cups of tea and cucumber sandwiches.
     
  19. trew

    trew Active Member Silver Stacker

    Joined:
    Aug 24, 2011
    Messages:
    3,810
    Likes Received:
    7
    Trophy Points:
    38
    Location:
    Melbern
    Thanks for the heads up. Wasn't watching but just added to watch list.

    If they can get their earnings back to the long term trend it is selling around a PE of 10

    Share price is back to where it was 10 years ago
     
  20. heartastack

    heartastack Well-Known Member Silver Stacker

    Joined:
    Sep 2, 2010
    Messages:
    984
    Likes Received:
    404
    Trophy Points:
    63
    Location:
    Idaho
    I work for a supplier to WW. Absolutely shocking behavior on all fronts and it's getting worse. Won't be getting my money.
     

Share This Page