Australian (ASX) Stock Market Forum

COL - Coles Group

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I boycott shopping at them where at all possible.

Coles/Linfox semi trailers with a big Coles down the right side of the trailer, down the left, full length, gay rainbow colours and a lbgt arrow thing at the front end on the same side.

Are they a supermarket,? or is the priority some other activism?
Live, and let live.
 
interim results for the 2024 financial year, including second quarter retail sales results, will be announced on Tuesday, 27 February 2024.

...Down 4 per cent today and closed on lows; sympathy with WOW??
Screenshot_20240221-173842_CommSec.jpg
 
Dona Ferentes said:
interim results for the 2024 financial year, including second quarter retail sales results, will be announced on Tuesday, 27 February 2024.

...Down 4 per cent today and closed on lows; sympathy with WOW??
View attachment 171316
Click to expand...
i think so

i was almost tempted to actually pay cash for some ( the existing holding was via the WES divestment ) today

but gee $15 would make me think , hard
 
2 supermarket chains, 2 results

tracking until the 1H results
Screenshot_20240227-200321_CommSec.jpg

.
Sales at Coles supermarkets, the second-largest chain in the country, have grown 4.9 per cent since the start of the 2024 year. Woolworths last week told investors that sales in its Australian food division rose just 1.5 per cent in the seven weeks since the end of 2023.

....is that enough
 
Dona Ferentes said:
2 supermarket chains, 2 results

tracking until the 1H results
View attachment 171682
.
Sales at Coles supermarkets, the second-largest chain in the country, have grown 4.9 per cent since the start of the 2024 year. Woolworths last week told investors that sales in its Australian food division rose just 1.5 per cent in the seven weeks since the end of 2023.

....is that enough
Click to expand...
bloody hell !!

does that mean my thinking is becoming mainstream ?

i hold both COL and WOW ( at no cash risk )

and strongly prefer shopping at Coles ( or IGA )

BTW i expected the COL results to look ugly as they wrote down good-will and depreciated assets after the WES demerger
 
divs4ever said:
bloody hell !!

does that mean my thinking is becoming mainstream ?

i hold both COL and WOW ( at no cash risk )

and strongly prefer shopping at Coles ( or IGA )

BTW i expected the COL results to look ugly as they wrote down good-will and depreciated assets after the WES demerger
Click to expand...
Similar here, hold Coles from Wes, sold out of WOW and bought AFI with proceeds a while ago.
 
i still kept a few WOW arguably ( part of ) the DRP shares from the previous decade of holding them

but worked for WOW back in the early '70's

am very disappointed with them rising from No. 2 , given the crown during the Coles/Myer troubles and squandered the advantage as WES tried to untangles the Coles/Myer empire

meanwhile COL will have it's chance after settling in to be a stand-alone business again

it just mightn't be this year
 

Down down, [share] prices are headed down​


www.livewiremarkets.com

Down down, [share] prices are headed down

In this wire, IML's Hugh Giddy shares why the future isn't so bright for the country's supermarket stocks.
www.livewiremarkets.com www.livewiremarkets.com

i hold both COL and WOW at no cash risk

sad to see a commentator partake in the chain-store scape-goating over government created inflation

i never see governments whinge about high iron or coal prices/margins ( because that is extra tax revenue as well )

and i sure didn't see negative comments in January 2020 when i sold a big chunk of WOW @ $40.76 a share ( when i was happy with $40.50 )
 
.

Light-fingered customers​

At its full-year results in August, investors had taken fright at a significant rise in the cost of theft to the company. But Coles’ controversial deployment of some of the latest anti-theft technologies has clearly had an immediate impact.

When supermarkets started introducing self-service checkouts, a rise in shoplifting was more than offset by the reduction in staffing costs. But a surge in theft attributed to cost-of-living pressures saw Coles’ “loss” balloon by 20 per cent in the last financial year.

Loss is the term used by Coles to describe the financial impact of shoplifting and throwing away spoiled fresh food.

Last Tuesday, it revealed that the basis point measure for theft, which had been at 70-80 at full-year results, has been pulled back markedly to 50. Its digital revenue also performed well, with e-commerce revenue up 29 per cent on the previous corresponding period and 15 per cent for its liquor sales.
d39ff58abab30c46c71cadf710963b766b515cfa.jpg


“Having now turned into a tailwind through the second half of 2024, we expect this [theft] largely to normalise through 2024-25, providing greater than $150 million of EBIT tailwind,” Jarden analyst Ben Gilbert wrote in a note following the earnings.
The most obvious of the new anti-theft solutions was the installation of security gates at the exits of some stores, to prevent shoppers walking out without paying for their items.

It also included AI-enabled surveillance cameras that track customers around stores, skip scan monitoring to detect when items haven’t been scanned at the self-service checkout and fog machines that fill stores with a smoke if they are broken into.

Skip scan has been rolled out in 305 stores, and smart gates are in 267 Coles supermarkets, with them being progressively deployed into more of the worst affected stores.
 
Dona Ferentes said:
.

Light-fingered customers​

At its full-year results in August, investors had taken fright at a significant rise in the cost of theft to the company. But Coles’ controversial deployment of some of the latest anti-theft technologies has clearly had an immediate impact.

When supermarkets started introducing self-service checkouts, a rise in shoplifting was more than offset by the reduction in staffing costs. But a surge in theft attributed to cost-of-living pressures saw Coles’ “loss” balloon by 20 per cent in the last financial year.

Loss is the term used by Coles to describe the financial impact of shoplifting and throwing away spoiled fresh food.

Last Tuesday, it revealed that the basis point measure for theft, which had been at 70-80 at full-year results, has been pulled back markedly to 50. Its digital revenue also performed well, with e-commerce revenue up 29 per cent on the previous corresponding period and 15 per cent for its liquor sales.
View attachment 172089

“Having now turned into a tailwind through the second half of 2024, we expect this [theft] largely to normalise through 2024-25, providing greater than $150 million of EBIT tailwind,” Jarden analyst Ben Gilbert wrote in a note following the earnings.
The most obvious of the new anti-theft solutions was the installation of security gates at the exits of some stores, to prevent shoppers walking out without paying for their items.

It also included AI-enabled surveillance cameras that track customers around stores, skip scan monitoring to detect when items haven’t been scanned at the self-service checkout and fog machines that fill stores with a smoke if they are broken into.

Skip scan has been rolled out in 305 stores, and smart gates are in 267 Coles supermarkets, with them being progressively deployed into more of the worst affected stores.
Click to expand...
I do not use self check in a general basis , shop Coles wo major grief but my interest in ai & tech is really teasing me in trying to test the system, both AI and the fun of triggering the fog system during shopping hours..challenges ?😊
 
I'm hoping that COL will drop close to $13 for a buy in, but knowing how Australian companies defy gravity after adverse findings in inquiries I would not be surprised to see it rise to $20.

gg
 
my COL holding is via the WES divestment ( no cash parted with here )

am surprised they didn't slash stuff like goodwill and asset values , to start ( as a stand-alone ) with a low tax bill

however don't give up ( nor hold your breath while waiting )

$12 to $13 sounds fair ( so far ) if i were actually parting with cash to buy some
 

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