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#41 vlam

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Posted 09 April 2014 - 09:44 AM

It was a tongue in cheek comment meant to hedge my bets :ph34r:  (the part where I say "I'd be cautious")

 

So to "run" in this instance would be "up"... which is the generally excepted meaning. (i.e. "The price has run" ... meaning: it has increased significantly in a short space of time.)  B)

 

Thanks for clarifying TBG - appreciate it :)

 

Further thoughts on the WHL acquisition:

Its a really big deal.  Their market cap is about ~R60bn and the deal is about ~R21bn.


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#42 ThatBlackGuy

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Posted 09 April 2014 - 09:34 AM

In which direction? :)

 

When one speaks of a share price "running" does that refer to upwards movement in the share price?  Or "running" in either direction?

 

(sorry, just a hobbyist - not familiar with all the equity trading nomenclature)

 

It was a tongue in cheek comment meant to hedge my bets :ph34r:  (the part where I say "I'd be cautious")

 

So to "run" in this instance would be "up"... which is the generally excepted meaning. (i.e. "The price has run" ... meaning: it has increased significantly in a short space of time.)  B)


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Yes, I will take your money!  :ph34r:


#43 vlam

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Posted 09 April 2014 - 09:33 AM

Share price down 5.5% in the first 15 minutes.  Might just be people offering shares at a low price to get a lower entry point?  Keeping my eye on it.

 

Article on moneyweb relating to the acquisition: http://www.moneyweb....n-offer-from-so

 

Or investors who are negative about the news...  Will have to wait and see what sentiment dominates as the day progresses (the inordinate amount of low offers when the market opened seems to have been bought for now)


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#44 vlam

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Posted 09 April 2014 - 09:25 AM

<snip>

That said, watch the share price run 20% over the next two days.

 

In which direction? :)

 

When one speaks of a share price "running" does that refer to upwards movement in the share price?  Or "running" in either direction?

 

(sorry, just a hobbyist - not familiar with all the equity trading nomenclature)


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#45 vlam

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Posted 09 April 2014 - 09:19 AM

Share price down 5.5% in the first 15 minutes.  Might just be people offering shares at a low price to get a lower entry point?  Keeping my eye on it.

 

Article on moneyweb relating to the acquisition: http://www.moneyweb....n-offer-from-so


Edited by vlam-hobbyist, 09 April 2014 - 09:20 AM.

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#46 ThatBlackGuy

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Posted 09 April 2014 - 09:04 AM

David Jones (DSJ on the ASX) - Largest department store in Australia.

 

Expensive deal in my opinion ($2bn). Paying a P/E of 22.5x for the business.

 

CEO mentioned that they expect synergies of  $130m a year. If you assume they paid away half those synergies at 18x, then they are acquiring the current business at 12x... which makes it look a bit more reasonable.

 

Since this deal represents 40% of Woolworths current market cap, one is backing management heavily as everything hinges on their ability to deliver those synergies. 

 

Wonder how the market will see it, but I'd be slightly cautious.

 

That said, watch the share price run 20% over the next two days.


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Yes, I will take your money!  :ph34r:


#47 Sugafoot

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Posted 18 March 2014 - 05:10 PM

Am guessing next update should be in April for 3rd quarter.
Only else we wait till August for FY.
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#48 Sugafoot

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Posted 18 March 2014 - 05:09 PM

I bought WHL @R58, been a good long for me over the past month... anyone knows when the sales updates are due to come out, coz that would be the game changer for this trade!


Interim Dividend was paid out last week, if I'm not mistaken. 10/03.
Confirmed.
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#49 WINH

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Posted 18 March 2014 - 03:03 PM

I bought WHL @R58, been a good long for me over the past month... anyone knows when the sales updates are due to come out, coz that would be the game changer for this trade!


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#50 HendrikB

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Posted 19 February 2014 - 09:23 AM

Ive said it before and ill say it again. If you wanna go long on retailers, prepare to take some serious pain. They are very sensitive to any kind market weakness right now.
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#51 AJS

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Posted 19 February 2014 - 09:00 AM

Typical Goldmans...Pump pump pump...and they they dump!!!!  Anyone long heres a chance in get out minimizing your losses!!!

 

Clever money will wait for that bouce to short!!!

 Exactly. They are just looking for buyers to offload to! :P


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"Trade what you see, not what you think"

#52 HDB

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Posted 19 February 2014 - 08:49 AM

 

How about this: >>>

 

Feb 14 (Reuters) – Woolworths Holdings Ltd <WHLJ.J>:

  • Goldman Sachs raises target price to rand 96 from rand 94; rating buy

 

Typical Goldmans...Pump pump pump...and they they dump!!!!  Anyone long heres a chance in get out minimizing your losses!!!

 

Clever money will wait for that bouce to short!!!


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HDB

The mediocre teacher tells.The good teacher explains.The superior teacher demonstrates. The great teacher inspires!!


#53 Zero Hedge

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Posted 19 February 2014 - 08:42 AM

 

How about this: >>>

 

Feb 14 (Reuters) – Woolworths Holdings Ltd <WHLJ.J>:

  • Goldman Sachs raises target price to rand 96 from rand 94; rating buy

 

I like Woolies around 6100 levels...stock discounting a lot of bad news and at least 250 bps in further rate hikes but that said stock still not a dripping roast and it can de-rate even more. Tatyana from Goldman's must be smoking something to think it will be at 9600 a year from now. I don't know much but I am 100% sure Woolies won't get close to 9600 in the current environment...so temper your expectations. You may see 7400 again... with a push!


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#54 estlec

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Posted 19 February 2014 - 08:09 AM

Financial Times rates itat R98 by the end of the year


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#55 UpAnDdOwN

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Posted 18 February 2014 - 06:37 PM

How about this: >>>

 

Feb 14 (Reuters) – Woolworths Holdings Ltd <WHLJ.J>:

  • Goldman Sachs raises target price to rand 96 from rand 94; rating buy

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#56 Sugafoot

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Posted 18 February 2014 - 06:26 PM

Latest valuation after the interims - http://www.relativev....co.za/whl.html


And I was thinking of pulling the trigger and selling... It's been a painful three weeks
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#57 brendonfiddes

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Posted 18 February 2014 - 04:17 PM

Latest valuation after the interims - http://www.relativev....co.za/whl.html


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#58 Procrastinator

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Posted 16 February 2014 - 08:27 PM

Ok, this must be what they were referring to on BDTV where I heard the snippet, from their website.

"Annualised impairment rate for financial services for 6 months to dec 2013 are at 4.3% from 2.7%(dec2013)"
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Where did those damn 10 baggers go?

#59 Procrastinator

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Posted 16 February 2014 - 08:04 PM

http://www.moneyweb....hs-debtors-book.
 
This was back in 2008 already. ABSA has the majority share (and associated risk) in WFS.


According to the article in link and comments thereafter, absa purchased 50% of the financial services management company but not 50 % of the debtors book, honestly don't know how it is worked out now, wonder what the health of the debtors book is like now, I like woolies as a company but as a credit retailer they must have some bad debt, just wonder how much. Have to read up suppose.
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Where did those damn 10 baggers go?

#60 keng

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Posted 16 February 2014 - 04:37 PM

http://www.moneyweb....hs-debtors-book.

 

This was back in 2008 already. ABSA has the majority share (and associated risk) in WFS.

 

 


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