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Goodbye Woolworths ?? (WLW)     

Crocodile - 02 Jan 2004 09:36

draw?epic=WLW

Following the profit warning at  WH Smith I believe Woolworths could well be the next high street dinosaur to fall.

Very strong competition from Supermarkets on all the goods they sell including confectionary, records, cheap and nasty electrical goods and toys.

The shops look old fashioned and very tired so I can not see how they are going to survive.

The chart looks weak as well with the one year uptrend being broken and a fall below 42p could be followed by a quick drop to 38p and then ??

I look forward to your thoughts on it. (Opening price 44.25p)

Crocodile - 09 Jan 2004 17:08 - 15 of 18

07/01 13:09 NEWS SNAP: DOW JONES NEWSWIRES
LONDON (Dow Jones)--Brown & Jackson PLC (BRJK.LN), the retailer behind the Poundstretcher chain of U.K. discount stores, Wednesday said it's unlikely to make a profit for the year ending February and disastrous trading over Christmas will set back its recovery program by a year.
Brown & Jackson's bombshell - analysts had penciled in pretax profit of up to GBP10 million - sent shares plunging. At 1305 GMT, its shares were down 26% at 64 pence.

stockbunny - 12 Jan 2004 15:37 - 16 of 18

HBOS now has a 3% stake in Woolies - see news under WLW today.
Interesting....Some confidence from the institutional level.

FTreader - 12 Jan 2004 15:51 - 17 of 18

All I would say is this: WLW had a 'mare previously and changes were made to stocking, staffing, stores and management. Those sort of turnarounds usually succeed. WHSM is further back than this, but note that the shares have almost recovered the Profit Warning ground lost last week, so even if WLW sales are flat, doesn't mean the shares will tank. I have no position in this stock BTW.

stockbunny - 15 Jan 2004 13:44 - 18 of 18

OK so sales were at the lower end of expectations today,
but against a few other retailers of late, WLW have given
a very encouraging trading update and importantly they are not
sitting on unsold stock.
The movement this am downwards of the share price seems very
harsh - ok only a couple of pence down but in WLW terms this is
a lot! No fair!!!!!!!

End of speech from the unoffical WLW fan-club.
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