Look at it this way using the wonders of mathematics. A 29% drop in profit this year could easily see a 40.8% increase next year using the lower base assuming they got back to last years normalised Profit. This gives them a fair bit of experimental money id say and a good sales lift of 4% next year could result in a 46.47% increase next year but given the self-insurance provisions possibly for Queensland flood losses who would be able to guess? Would anything around an increase of 30% be suitable or should it really be 46%?
All comments welcome if I've made any errors in thinking and also to add interest to Coles growth debate.
Is Coles a sell or a buy after today's results?, page-26
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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 |
