Anyone notice the exratordinary volumes yesterday? (10/5/2004)

48 million!!!

Many more buys than sells.

That and the price held out only losing a fraction of a penny.

No Easter Eggs in sight in my local store.

May be one reason but............

Any ideas people?

This trading update according to the forward diary on text should have come on the 14th - I wish it had frankly, as other retailers would have also given
out figures by then and it could have been put into a better perspective.
As it is these were - I think - the first announced following the Xmas
period and frankly that ain't a good move unless you're going to report
something more positive - at least it's recovered a bit from earlier
when it dipped to 36 odd pence.....Bit like the Titanic now, just holding
on to the wreckage....
:>(

KBC Peel Hunt says buy Woolworths (WLW.L) (on weakness).

Panmure says hold Woolworths (WLW.L) (reducing the target price to 40p from 45p).

Cheers SWW - and a happy new year to you - here's to a profitable 2005!!
The sun certainly isn't shining in Woolies Winter Wonderland today.

I would agree with that sw,{on weakness}.

By: Gavin Lumsden, Editor in Chief
07:41 Tue 04 January 2005

Woolworths shares slide 3p to 37p following the poor Christmas trading statement.

Confirming fears of a bad Christmas for many retailers Woolworths (WLW) said like for like sales at the main chain were flat in the 4 weeks to 1 January, fell 8% at Big W and fell 4.7% at MVC.

In the 48 weeks to 1 January total sales gained 2.9% helped by the entertainment wholesale and publishing business. However, like for likes at the main chain fell 1.5%, Big W was down 4.1% and MVC slid 5.3%.

Seymour Pierce notes that gross margins improved by 30 basis points but says this is well below the 150 point improvement that management was seeking. Seymour Pierce says its decision before Christmas to cut 2005 pre-tax profit forecast to 68 million looks justified. For 2006 the broker has cut forecasts from 89 million to 76 million. It has maintained its underperform stance on the stock.

'A poor performance from the group, though we are sure that Woolworths will not be the last to disappoint,' it says.

Begining to look like 35p may be on the cards imo.

but not today..........

Come on wlw,come to your uncle dave!!

lol

Morning Dave and don't jinx my tiny profit young man! ;>)
As it stands now there's about enough in my WLW pot left to
get me a pot of Pick-n-Mix
:>)

Morning bunny,sorry to here that,young man theres hope for us 40 year olds yet then,missed it early on that 36,i feel it will be here again,,anybody want a buy a time pc 599,but i can get it for 299,i now a man at woolworths,,and theres a camera.
I have been to see my guy at wlw,this morning,still 18 left.

Price has recovered a fraction - guess people are getting in
on a gamble. In all honesty apart from MVC the figs. for WLW
were basically flat, so the initial drop was I feel a tad over
done.

I am still looking at 36 & mybe lock it away until 45,and take a divi.

As always............... overdone.

Difficult to make a judgement initally between a market adjustment and a free fall but some people, (dave), likes a gamble and a cheap computer.

The chart does look like an upward trend from now on unless there is a mass exodus.

The next crunch will be in March then.

Reduced dividend I wonder?

Hope not SWW - that's one of the positives with this one
the yield is fair currently, so hopefully no drop.

Sw,i never said i wanted a tiny pc there out of date before they boxed them.

It's all right dave, I not selling them!

I see its found a level,whats your view on the volume,it will smash through 100 million trades.

Seems 38 is all it can snuffle.

That'll do for now dave.

100 mil?

no not today.