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. |
---|---|---|
$30.19 | 73 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 9896 | 30.470 |
2 | 29098 | 30.460 |
3 | 19546 | 30.450 |
3 | 31437 | 30.430 |
3 | 30990 | 30.420 |
Price($) | Vol. | No. |
---|---|---|
30.480 | 3424 | 2 |
30.510 | 4695 | 1 |
30.540 | 52567 | 3 |
30.560 | 64531 | 5 |
30.570 | 11231 | 2 |
Last trade - 16.10pm 29/11/2024 (20 minute delay) ? |
WOW (ASX) Chart |