i think this announcement is a good positive step in the turn...

i think this announcement is a good positive step in the turn around strategy by banducci to re focus on the core business.
selling the businesses for 15x earnings while retaining the synergies in terms of rewards, fuel discount promotions, convenience stores, etc is a clear win in my opinion.
the price is better than i had expected.
the underlying issues of lidl and amazon have not gone away but the ceo is delivering his strategy and this should give both brokers/ analysts and investors a good reason to start accumulating as we are getting beyond the green shoots phase now.
big w will go too but it is less urgent as the balance sheet will gain some serious strength to allow capex into the war against the competitors.
i was happy to buy back in today at 24.30 and i think a break out in the sp could follow over the next few months, unless there is a major rollout by lidl etc that could hurt wow sentiment.