Coles profit have dropped about 29% . They have also declared no dividend. Has the restructuring and demerger caused much of this drop?
Is it a BUY or a SELL? If we work on an original cost of around $9 (assuming a 72:28 split in the demerger) (just a guess) then most would be making a profit now. But InvestSmart has them as a BUY and so does The Motley Fool saying the results a reasonably solid and prefer them about Woolworths. Morningstar rates Coles fair value at around $13.3 which is 5%-6% above current price. SimplyWallSt rates Coles at much lower value of $around $10-11 based on future cash flow, which means they are slightly overvalued at current price. We coming to a conclusion for a BUY.
What do you think?
Is Coles a sell or a buy after today's results?
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Last
$18.92 |
Change
-0.080(0.42%) |
Mkt cap ! $25.70B | |||
| Open | High | Low | Value | Volume |
| $18.93 | $18.95 | $18.76 | $7.916M | 419.3K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 22 | 5240 | $18.91 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $18.92 | 4082 | 26 |
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| Last trade - 12.39pm 04/12/2024 (20 minute delay) ? |
| COL (ASX) Chart |
