Hi everybody, Can someone please explain to me why Woolworth's is down almost 25% in the last 3 months and why it seems to want to keep going down. I understand that all retailers have been hit recently, and I know their interim results aren't that good but this appears to be about something else? best regards
Its always the case that when SA corporate goes abroad it puffs out its proverbial chest and says "we can do it". But then the gloomsayers back in SA will almost without fail(?) overstate problems - and over sell stocks - but that is perhaps just Mr Market? - its all rather like Sasol - gloom and doom when they set up their refinery( whatever ) in the ME - "they will never get this right" or MEdICLINIC - another screaming oversell - the entire upside has been written off since the reverse listing - or so much of it as makes no difference to the statement. I love the decline - a good time to buy more assuming your sector and weighting stuff is okay... Problem is I think this market is chasing pockets of value - and that is just impatience
Thanks for that, information. Yes I must agree them buying in Australia didn't appeal to me much. I also thought that at R106 it was heavily overpriced, and believed that around R80 - R90 would be its max for value. What got me was the fact that it dropped so quickly and by so much, I thought I might be missing something major. Once again thanks for you insight. best regards.
Read (if you haven't the last) ost analyst report - when it was bumbling along in the mid 80'a in AUGUST - a buy with a TP of R99.00 - BUT the issue is that OZ will really only deliver in FY19.00...etc