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Woolworths – Market Expectations Factor in A Significant Reversal of Fortunes in FY17

Woolworths – Market Expectations Factor in A Significant Reversal of Fortunes in FY17

On 25 July, Woolworths provided a trading update that guided the market slightly lower on FY16 earnings. Given the negative sentiment surrounding the company, this was viewed as a positive outcome, and Woolworths’ share price appreciated 8.2 per cent on the day. Since then, Woolworths’ share price has drifted back 4 per cent, but remains well above its recent low of A$20.50 on 6 July.

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Stuart Jackson is the Portfolio Manager of The Montgomery [Private] Fund. To invest with Montgomery domestically and globally, find out more.

This post was contributed by a representative of Montgomery Investment Management Pty Limited (AFSL No. 354564). The principal purpose of this post is to provide factual information and not provide financial product advice. Additionally, the information provided is not intended to provide any recommendation or opinion about any financial product. Any commentary and statements of opinion however may contain general advice only that is prepared without taking into account your personal objectives, financial circumstances or needs. Because of this, before acting on any of the information provided, you should always consider its appropriateness in light of your personal objectives, financial circumstances and needs and should consider seeking independent advice from a financial advisor if necessary before making any decisions. This post specifically excludes personal advice.

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2 Comments

  1. I note that Sally Macdonald, former CEO of Oroton and highly regarded by Roger Montgomery, took the helm at Big W in January. She is making some dramatic changes especially with regards to product sourcing. Do you believe she can make a meaningful difference to the business and at least stop the bleeding? If so, could it make a material difference to WOW’s numbers?

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