WOW 0.62% $38.96 woolworths group limited

woolies to start an up trend?

  1. 3,567 Posts.
    With all the positives going for WOW I think we'll see the commencement of an up trend shortly. We'll probably see the usual selling after the dividend (ex- 21c on Thursday) but after that I'm guessing we'll see a new all time high by year end.

    Forward PE only 17 which is very low compared to the last few years. Another 4-5bn of saving to come, fuel deal with Caltex to grow, pharmacy roll outs etc etc gives WOW a better outlook now than it had 3 years ago!!

    Does anyone have an opinion??

    Also notice some insto selling recently but that probably just portfolio adjustment into more cyclical stocks.

    Cheers,
    Munch.
 
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