COL 1.27% $14.78 coles group limited.

Is Coles a sell or a buy after today's results?

  1. 230 Posts.
    lightbulb Created with Sketch. 8
    Coles profit have dropped about 29% . They have also declared no dividend. Has the restructuring and demerger caused much of this drop?
    Is it a BUY or a SELL? If we work on an original cost of around $9  (assuming a 72:28 split in the demerger) (just a guess) then most would be making a profit now. But InvestSmart has them as a BUY and so does The Motley Fool saying the results a reasonably solid and prefer them about Woolworths. Morningstar rates Coles fair value at around $13.3 which is 5%-6% above current price. SimplyWallSt rates Coles at much lower value of $around $10-11 based on future cash flow, which means they are slightly overvalued at current price. We coming to a conclusion for a BUY.
    What do you think?
 
watchlist Created with Sketch. Add COL (ASX) to my watchlist
(20min delay)
Last
$14.78
Change
-0.190(1.27%)
Mkt cap ! $19.71B
Open High Low Value Volume
$15.06 $15.11 $14.70 $76.00M 5.124M

Buyers (Bids)

No. Vol. Price($)
1 3895 $14.76
 

Sellers (Offers)

Price($) Vol. No.
$14.78 97569 1
View Market Depth
Last update - 16.10pm 20/09/2019 (20 minute delay) ?
(live)
Last
$14.75
  Change
-0.190 ( 1.22 %)
Open High Low Volume
$15.00 $15.11 $14.70 557082
Last updated 15.59pm 20/09/2019 (live) ?
COL (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.