WOW 0.56% $30.18 woolworths group limited

Entry Point (Re-Entry)

  1. 469 Posts.
    What is the sentiment on this stock at present? Do people feel we have reached our bottom point, or is there more pain to come?

    Correct my statistics here- but I believe WOW margins are sitting around the 7% mark now, with Coles sitting just above 5% (-5.5%). So I imagine there are some further cost cutting measures to be taken by WOW and gross profits will fall accordingly. I have heard Aldi margins are also sitting at around 6%, which seems remarkable given their low prices- but really, they are just homebrand products in a fancy suit.

    I do wonder if a further fall in profits is already reflected in the WOW SP and whether a bottom has been reached (or if we are near to the bottom). What are people's thoughts?

    I imagine I will start dollar cost averaging into this stock over the next few weeks.
 
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Last
$30.18
Change
-0.170(0.56%)
Mkt cap ! $43.04B
Open High Low Value Volume
$30.30 $30.38 $30.08 $47.03M 1.558M

Buyers (Bids)

No. Vol. Price($)
3 14892 $30.16
 

Sellers (Offers)

Price($) Vol. No.
$30.19 73 2
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Last trade - 16.10pm 29/11/2024 (20 minute delay) ?
WOW (ASX) Chart
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