MTS - Metcash Limited

[Smurf1976]

But Metcash's business performance has been improving lately so they say and the share price has been showing some resilience, although has not broken longer term downtrend yet. Both Market Matters and Greg Canavan think there's value there.

I recently bought although that's intended as a trade not a long term investment. Time will tell, I could always be wrong there....

Thinking longer term though one thing that does come to mind is regulatory risk. To the extent there's any, I'm thinking that would favour anyone who isn't Coles or Woolworths given the big two are somewhat of a target of sorts.

 

[Robbo]

Putting this as up for the April tipping competition, a bit of an unusual pick with a fairly range bound and boring chart, but I can't help but wonder if they might be a target for an overseas player to make a bid on.

We've heard for a long timer that foreign players are looking at a way into the Australian supermarket segment, maybe Metcash will be that.

Combined with a weaker AUD and a weaker outlook in the US, maybe the time is right for a bid to appear.

Pure speculation though and I don't hold.

 

[Robbo]

I've now taken a small position, I expected some rotation into defensive stocks, but MTS has held up even better than I had anticipated over the past few days.

 

[peter2]

Yikes! I'm not going to even try and explain todays selloff in MTS.
COL and WOW both went up today.

 

[Smurf1976]

Yikes! I'm not going to even try and explain todays selloff in MTS.
COL and WOW both went up today.

Likewise, I'm still trying to work that one out.

At least my stop loss worked.

 

[divs4ever]

Yikes! I'm not going to even try and explain todays selloff in MTS.
COL and WOW both went up today.

View attachment 197049

easy, was late to the sell-off , and has a diverse range of franchises , groceries might be strong but they do hardware , car parts , liquor outlets and more .. lots of supply chains to develop disruptions

i need lower yet before i buy extras

 

[divs4ever]

Likewise, I'm still trying to work that one out.

At least my stop loss worked.

think of MTS as a wholesale distributor ( to it's franchisees )

now some franchisees are real gems , but odds are some will be under pressure as consumers struggle

IMO i do not think this is a bad thing , more like MYR ( in structure ) than COL or WOW

i hold COL and WOW both at no cash risk , and MTS

 

[Robbo]

Yep, straight out, do not pass go

 

[divs4ever]

just checked the current parcel i hold was bought at $2.96 ( and since i got scorched on the previous saga with MTS ) i will be VERY CAUTIOUSLY averaging down this time