i agree the exact caltex bid was never disclosed but i recall an afr article estimated their bid was in the aud1.3-1.5bill range.
i can see why you are upset as a ctx shareholder, but i think this is a good deal for wow. bp is committed to continuing loyalty programs and joint funding the fuel dockets, and the convenience store jv will be good promotion and margins for wow.
i think banducci is doing exactly what needed to be done by selling off the under performing businesses.
the question is whether the board wastes a fortune in discounting or whether they can implement a strategy which optimises the highest return on capex.
im not an expert in running supermarkets so that will be a tough challenge, but the capital allocation risks and the external threats from new players appear fully priced into the metrics at present. aldi's share appears to be plateauing and amazon/ costco are early in their strategy so apart from some novelty interest from the early adopter consumers, i dont see them getting more than 5% market share in the next 2-3 years.
i dont see a rise above $26 until next report, but if the outlook and sales growth/ margins are good, then the market will reward holders.
im holding and looking to take profit at $26 unless the news is better than expected in which case ill sit tight and ride it up higher.
- Forums
- ASX - By Stock
- Trading Sentiment Buy Hold Sell
i agree the exact caltex bid was never disclosed but i recall an...
-
-
- There are more pages in this discussion • 27 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add WOW (ASX) to my watchlist
(20min delay)
|
|||||
Last
$30.20 |
Change
0.200(0.67%) |
Mkt cap ! $43.04B |
Open | High | Low | Value | Volume |
$30.16 | $30.20 | $29.96 | $41.82M | 1.387M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 1200 | $30.18 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$30.21 | 4687 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
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 27/11/2024 (20 minute delay) ? |
WOW (ASX) Chart |