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?

Mega purchases going through - almost 10,000,000 in short time - is there any news??

Nope........

Only another 30% drop in the wlw sp and you can count me in.

Still in the mid 30s this woolworths why,, i dont know !!

Big week for woolworths ahead,,bull or bear you decide..

Dont all growl at once..

35p is too expensive this year

This sounds about right SW,26.

I think you are too low.

28p is more like it.

First slip in the sp.

Sells outweighing buys now, need this to continue for our price.

Its not going there, what's the next best buy in price Dave??

SW,not had a look at this of late,still sticking to the 20s,,29 max for me,not looking at this anymore,,to many eggs in my basket,,unless 26/29 comes about!

Still in the oil/gas business ?

Yes.

I have had a nice earner this wekk on HNR.

Took profit albeit probably beore others would have done but if the price of oil drops, and who knows..... I will be seen as a genius.

If not there will come another time.

Nice one SW,thought you were still in the fuel business,still holding SEY a quid by christmas!!
I will call in on the thread again.

Is it going down????


Woolworths Group plc

Adoption of International Financial Reporting Standards

----------------------------------------------------------------


Woolworths Group plc ('Woolworths') today releases its unaudited financial
results for the year to 29 January 2005 as prepared under International
Financial Reporting Standards ('IFRS') as part of the process for the adoption
of IFRS as its primary accounting basis for the year ending 28 January 2006.


The key changes to Woolworths' reported financial information as at 29 January
2005 under IFRS are:


recognition of all employee benefit related obligations, principally
pensions and share based payments;

recognition of lease incentives received over the entire term of the lease
rather than up to the first market rent review;

amortisation of goodwill credited back to the income statement, partly
replaced by amortisation arising on intangible assets following the
reclassification of intangible assets from goodwill;

gain arising on the formation of its music and video publishing joint
venture (2entertain Limited) now included within the income statement and
adjusted by re-crediting of the amortisation of goodwill on acquisitions;

recognition of deferred tax liabilities on temporary differences.


For the year ended 29 January 2005, the impact on profits from the adoption of
IFRS is a reduction in profit before tax, exceptional costs and goodwill
amortisation of 7.2m from 73.1m to 65.9m. Profit after tax falls from 2.2m
to 0.4m. Net assets are reduced by 71.8m from 457.3m to 385.5m at 1 February
2004 and by 95.8m from 464.8m to 369.0m at 29 January 2005.


IFRS will apply for the first time in the Woolworths financial statements for
the year ending 28 January 2006. Accordingly, financial results for the six
month period ending 30 July 2005 will be prepared and reported under IFRS.


None of the adjustments arising from IFRS relate to cash, and therefore there is
no impact on reported cash flows.

SW,i am trying to give the highstreet a wide birth at the moment,,,,,,,its not easy,,there`s always a good offer in town .

Actually I agree with you to stay away.

The turning point will be if the BOE lower interest rates but the effect from that will take a few months to feed through.

Otherwise who are you playing with?

Which way today.