WOW - Woolworths Group

[Kauri]

Has graduated from my possibles to my probables portfolio... volume hasn't been outstanding but has been quite solid and mostly positive...

 

[Kauri]

Has now gone to my set-ups watch-list... a good burst of positive volume in the right place would be nice though...

 

[chops_a_must]

Way to be a good corporate citizen again, tards - Woolies closes down another cultural icon:

"Hi All

Please be advised, that as of Monday 30th July 2007, there will no longer be any amplified entertainment at the Hyde Park Hotel.

Please find below statement outlining the reasons for this decision.



Monday, 2 July 2007

It is with great sadness that I inform you that the Hyde Park Hotel has been forced to effectively cease all amplified musical entertainment at the venue as of the end of Sunday 29th July 2007.

Recently, the venue has been made aware that a number of local resident complaints had been raised as to the noise levels, specifically with live entertainment, emanating from both the front and lounge bars.

The venue has spent considerable time investigating the situation, employing the services of a sound acoustics specialist to evaluate the sound levels, and have looked into means and methods to overcome the issue.

Subsequently the venue has been left with no choice but to cancel all amplified music for the immediate future, as of Monday 30th July 2007.

This is a major blow to the venue as well as the Perth music scene, and is sadly unavoidable given the current noise restriction rulings and local resident complaints on file.

The staff and management at The Hyde Park are most disappointed that these actions are required, and hope that everyone involved will be patient and understanding during this period of change."

What a bunch of rubbish though. It's not like Perth Oval is quieter when the Glory play there... literally next door. Management also chose not to apply for the grant for sound deadening.

And at the end of the day, WOW close down another perth pub. Bite my ass.

 

[Sprinter79]

Bring on the drums, they aren't amplified are they? :
How bout sending it off with a drum spectacular? That'd really piss them off hahaha

 

[Sprinter79]

Does anyone have a list of the top twenty shareholders in WOW? Etrade won't let me bring it up

 

[Taurisk]

Does anyone have a list of the top twenty shareholders in WOW? Etrade won't let me bring it up

Hi Sprinter

I checked on Protrader (Comsec) and there is a list from the 2006 annual report, although it still says at the top: No substantial shareholders! - I wonder if they've all sold out!



Top 20 shareholders as at 19/09/2006 (Source: 2006 Annual Report.)

Name of Shareholder Share Holding % Shares Held

JP Morgan Nominees Australia Limited 161,188,530 13.61
National Nominees Limited 126,255,480 10.66
Westpac Custodian Nominees Limited 112,208,364 9.47
Citicorp Nominees Pty Limited 31,690,577 2.68
Queensland Investment Corporation 29,127,216 2.46
ANZ Nominees Limited
(cash income account) 17,841,662 1.51
Cogent Nominees Pty Limited 15,694,439 1.32
ANZ Nominees Limited (income reinvest plan) 13,209,015 1.11
AMP Life Limited 11,837,709 1.00
HSBC Custody Nominees (Australia) Limited 11,697,463 0.99
Woolworths Custodian Pty Ltd 9,649,968 0.81
Australian Foundation Investment Co 6,203,729 0.52
Perpetual Trustee Company Limited 4,759,761 0.40
Australian Nominees Pty Limited 4,434,714 0.37
IAG Nominees Pty Limited 3,568,988 0.30
Argo Investments Limited 3,141,723 0.27
Total 562,509,338 47.48


Cheers

Taurisk

 

[Julia]

Imo WOW is a basic stock in any defensive portfolio. I don't think it's a stock to look at via a short term chart. It's one for the long term. It has experienced some volatility recently possibly because of the uncertainty about what is happening with Coles, but it's basically a great business where management is always looking ahead. Complete contrast to Coles.

 

[Sprinter79]

Don't worry, I have ABSOLUTELY no intention of investing in this company whatsoever. See previous posts to see why

Thanks for the list by the way Just using it for 'private research'

 

[vishalt]

big, big day for Woolworths on Monday.

Dad has accumulated an immense amount of stock in it and I think its poised to give a smashing report with a great profit guidance as its trolled over the time burned by Coles & Wesfarmers to merge.

I think its acting similarly to the May 2006 period where it consolidated for months and then smashed past all expectations after the report, I think Woolworths has enough room to break past $30, even if its 'overvalued' its still the only Australian grocer earning consistently high profits.

However when Wesfarmers eats Coles and makes the business right I think Woolies will be in danger, but that'll take years.

 

[Sean K]

big, big day for Woolworths on Monday.

Dad has accumulated an immense amount of stock in it and I think its poised to give a smashing report with a great profit guidance as its trolled over the time burned by Coles & Wesfarmers to merge.

I think its acting similarly to the May 2006 period where it consolidated for months and then smashed past all expectations after the report, I think Woolworths has enough room to break past $30, even if its 'overvalued' its still the only Australian grocer earning consistently high profits.

However when Wesfarmers eats Coles and makes the business right I think Woolies will be in danger, but that'll take years.

$30 isn't much of a ramp vis? It's just 7% ish away. I reckon this will go to $50 one day, easy! LOL Maybe in 5 years though.......

Looks like it might break 28 shortly, a very solid base at 26 - tested it numerous times during the correction to bounce off really positively. Breaking 29 will be very good darts.

Surely a safe haven in these uncertain times.

I'm not holding at the moment but have on and off over the years. Might be time to revisit for me. Cheers.

 

[Sean K]

Breaking 29 will be very good darts.

Surely a safe haven in these uncertain times.

I'm not holding at the moment but have on and off over the years. Might be time to revisit for me. Cheers.

Looks good for a little run after breaking out of medium term sideways action? Looks to be positively benefiting from the whole Coles debarcle.

 

[reece55]

Looks good for a little run after breaking out of medium term sideways action? Looks to be positively benefiting from the whole Coles debarcle.

Geez Kennas, completely missed what was going on with WOW of late - what a run, it must be one of the only stocks at an all time high in the ASX 200...

I thought this baby was expensive at $28.00, but it just powering on..... definitely benefiting from uncertainty at the moment, it's definitely a defensive play....

The problem I see is that unless something out of the ordinary happens, it will be very difficult for them to meet expectations relative to their valuation - still, I am sure current shareholders aren't complaining!!

Cheers

 

[Sean K]

Now breaking out through 30 after consolidation after the last break. What a great mum and dad stock this has been. I have to wait for mine to keel over to inherit some at this stage....

 

[silence]

Hi

WOW seems to be sitting right on support at the moment. I can't post a chart but the current short term support is marginally under 32.00.

The market is getting quite a pounding today but this isn't looking quite as bad as some others.

 

[blinkau]

Does anyone have any advice on WOW?

All research I read keeps saying they are fully valued an marks them as a 'hold' but they keep seeming to keep the hold status on them as they rise. I want to buy a decent amount of them (planned to at $29 but only purchase 10% of what I wanted as I kept hearing they where fully valued)

Any comments I am wondering if I should just accept the price and buy in

 

[vishalt]

All research I read keeps saying they are fully valued an marks them as a 'hold' but they keep seeming to keep the hold status

And that is what you will always hear.

You know what they said about BHP when it fell to $23.60? Sell. What happened? It surged to $48.

You know what they said about CSL at $65? Hold/sell, what happened? $107.

You know what they said about Woodside at $35? Neutral/hold, what happened? $55.

You know what they said about Bendigo Mining at around $2.50? Buy. What happened? 50c today.

I also can't fathom telling you about how long analysts have said the Australian market is overvalued - since 4000 points.

And how about the banks being a sell for years? Except for ANZ, which is by far the worst performer of the big 5 - are a sell. Commonwealth Bank and NAB have been sells since they were $40 and $26 respectively.

I could go on forever about how ****ing retarded analysts are. They will always tell you the opposite of which direction the wind is blowing.

 

[blinkau]

Thanks Vishalt nothing can be more annoying sometimes when there is a 'hold' rating which just follows a stock upwards. I think ill take a potion in wow and over 10 years hopefully it turns out well. WOW seems like a great company but the westfamers acquisition of coles makes me wonder if it will have a material impact on wow in the future. I guess there is only one way to find out

People always have to eat so I can't seem them going broke anytime soon

 

[Julia]

And that is what you will always hear.

You know what they said about BHP when it fell to $23.60? Sell. What happened? It surged to $48.

You know what they said about CSL at $65? Hold/sell, what happened? $107.

You know what they said about Woodside at $35? Neutral/hold, what happened? $55.

You know what they said about Bendigo Mining at around $2.50? Buy. What happened? 50c today.

I also can't fathom telling you about how long analysts have said the Australian market is overvalued - since 4000 points.

And how about the banks being a sell for years? Except for ANZ, which is by far the worst performer of the big 5 - are a sell. Commonwealth Bank and NAB have been sells since they were $40 and $26 respectively.

Absolutely right.
The point is that most of the analysts are attached to the big broking houses.
It's entirely in their interests to persuade investors to turn their stocks over.
Most of them earn a commission based on turnover in addition to their salary.

Re the concern that Woolworths might in future be less successful under the ownership of Wesfarmers. Possibly. But I doubt it. Woolworths has always come up with new ways of increasing profit. Anyway, any rewards from Coles as a result of the changed ownership will be a few years away. Even Richard Goyder has conceded that it will be a hard road to success.

 

[vishalt]

Exactly blinkau, shares always rise in the very long term. But seeing as how Woolworths is right at all-time highs, personally I'd buy a small amount and accumulate more and more as it falls.

And I think you also have to realise how Woolworths is having the benefits of being a monopoly, and I believe that down the track gains will be less buoyant when Wesfarmers turns Coles around and maybe some big international chains open, but everyone needs to eat and Woolworths will still make money.

Absolutely right.
The point is that most of the analysts are attached to the big broking houses.
It's entirely in their interests to persuade investors to turn their stocks over.
Most of them earn a commission based on turnover in addition to their salary.

Re the concern that Woolworths might in future be less successful under the ownership of Wesfarmers. Possibly. But I doubt it. Woolworths has always come up with new ways of increasing profit. Anyway, any rewards from Coles as a result of the changed ownership will be a few years away. Even Richard Goyder has conceded that it will be a hard road to success.

Absoloutely. I've found journalists like Pascoe and Kohler better stock pickers than analysts.

 

[2020hindsight]

just for the record
here's WOW for the last 2 years (High Low Close) + averages
Also WOW vs XAO for last 12 months (candlestix) + ditto (percent indicates relative preformance campared to datum of XAO)

PS I plan to do this to a few stocks - please feel free to either
a) help out and divvy the job up between a few of us
b) suggest amendments to graphs
c) request some stocks you'd like me to post (maybe PM me)
d) tell me it's not necessary lol (or too wasteful of memory maybe?)