11 replies to this topic

[Shi]

https://twitter.com/...393186714902528

 

Woolies: Despite the nay-sayers, WHL has broken the neckline and is challenging the 200-day ma (at R36.75). This may cause it some problems. but I remain hopeful that it can reach R43 to R44 during the Xmas rally - which appears to be starting early.

Edited by Shi, 15 September 2020 - 10:11 AM.

[budfox]

Nice one Woolies. From this morning's SENS

Pity they followed that up with the news that they are likely to give their Australian businesses up to R1.1 billion in funding support. More good money after bad

[Shi]

Nice one Woolies. From this morning's SENS

 

 

In recognition of the challenging circumstances, the WHL Board, Group CEO and senior Executive team members have decided to forego up to 30% of their fees and salaries over the next three months. The savings arising from this will be used to provide additional financial support to staff who find themselves in extreme hardship as a result of the current crisis.

Edited by Shi, 06 April 2020 - 08:35 AM.

[DividendTycoon]

My call is R45 as big entry point. Apparently the analysts from 36one visit the Aus operation and claim it's 2 years from turning around. Until then my only retail exposure remains Nuworld (you little biscuit!!!)

Glad I sold out of WHL and bought NWL. I like WHL, especially the food side, but cant help think there has been a fundamental shift in retail, especially on the apparel/department store side. This would be felt most in Australia where they already have Amazon. Still they have come through many tests in their time and perhaps if the price got as low as R45 I would be tempted.

[SoleTrader]

My call is R45 as big entry point. Apparently the analysts from 36one visit the Aus operation and claim it's 2 years from turning around. Until then my only retail exposure remains Nuworld (you little biscuit!!!)

[TheConflict]

EISH. Variation margin must be bleeding you dry...

[MSG]

Thanks. My issue is that I am holding CFDs at R74. The downward move to R60 is killing me. I'm hoping. It makes a turnaround soon.

[DividendTycoon]

I have decided to take a R2 loss per share on two thirds of my holdings, selling at R63.30. This is contrary to my normal investment philosophy of being patient, especially with quality. 

Reason 1 is I am worried about the apparel market, think it must be incredibly tough, and Woolworths still earns majority income from this, not food.

Reason 2, it is a small loss for me and there are some incredibly cheap small and mid cap shares I could allocate the capital to rather than leave it in Woolies which I feel may tread water for a long time.

Anyway, it is a gamble, Woolies will release update soon and if better than expected, share will likely rocket. So best look at your own portfolio before making decisions. Personally I am happy to have a bit of cash in the current market rather than Woolies.

 

[TheConflict]

trying to spot bottoms is a dangerous game, bud. Stay patient

[MSG]

Hi CrescoRSA,

Thanks. I have seen from your older post in September last year that you sighted WHL to reach R60. How did you calculate this? My issue is that I hold CFDs that I bought and averaged down from a cost of R91 to R74 now. The exposure is worrying .

[CrescoRSA]

Not anytime soon I think - but not a bad idea to add a little more at these levels. I'm hoping it gets to under 60, then I will really add more to my position, and will keep adding the lower it goes. I got in around R70. Still a great company to hold LONG term

[MSG]

What is going on with woolies stock?? Today's low was R61.07.

Wonder when they are going to turn around? I bought at R75.