I am expecting very disappointing sales figures - certainly looking at my local Woolies and asking around - people are not buying "stuff". So I think there will be a nice little opportunity there - this applies mutatis mutandis to the other retailers..
you are getting a major retailer at a 14* PE - that is about as cheap as they ever get. Granted they might have a decrease in HEPS, but I doubt it. WHL future is dependent on them weaving their Woolies magic on their Australian assets. Risky, but if anyone can do it, they can.
Well as I said a nice little opportunity except that its still too expensive : I think that management are having a wobble - buying in inferior goods - take a look at the comments on Bus Day ( which I personally can echo) - and letting the quality slide - and that on the food side - which is worrying. So I think that a price closer to 60 is where I will start to buy more - as this is going to be a worse quarter than equiv of last year and Uncle Pravin will strike their market's pockets
You've turned a little *****ly lately. Usually a sign that the market has turned on you. If that's the case - you're in good company. The "wrong" shares are gaining and the "right" shares are dropping. Overall - things are drifting sideways and ever so slightly upwards - add the dividends and it could be worse, I suppose. The damn Rand keeps getting stronger (this was always on the cards) but there is too much risk to just dump the hedges and pile back into this crazy country. So - we just have to take the pain.