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?

Heading towards the 50p mark bit by bit.

lucky for the people who still holding these.50 for sure,my be abit more to.lol

We're up a whole penny today guys and gals - don't spend it all at once!!

Now up 1.25p....

bunny ,50 pence is a fair value what do you think. just look at the eps,,,its got lots of growing to do.this is a real winner,i dont think the low share price will be seen for a long time to come.lol

50p looks reasonable, but as always it's a case of watch and see.
It could hit 50p and run straight through it or it could run out of
steam at 48/49p! Who knows? This is partly why I don't like to use
'stop/sell' just in case it does run straight through a price target
and keep going upwards. However that said, Yes, I've had to hold with
some shares longer then I wanted to because I have missed a high due to
not having a stop/sell on....swings and roundabouts my friend, swings and
roundabouts....lol

Rather like both Matalan and Peacocks which provided me a good profit, I have in the recent past noticed reorganisation in my local Woolies, stock display and positioning improved and staff training noticeably better. It was these factors that decided me to buy at 42p and is the kind of DYOR that I am finding profitable. Advancement through 50p looks on the cards to me.

Agreed Oakapples - I love retail shares because you can actually
walk into 'the company' and make your mind up from a far better
informed position than you may have with less accessible companies.
Be Lucky!!

2nd that bunny,.good luck apples,i`am a recent seller,45 1/4 be lucky.

Hot off the press - looks good news people!!!

Woolworths Group PLC
09 July 2004

FORMATION OF NEW JOINT VENTURE
Woolworths Group plc ('Woolworths Group') has today agreed terms for the
formation of a joint venture company with BBC Worldwide Ltd ('BBC Worldwide'),
the consumer commercial arm of the BBC, which will participate in video and
music publishing and TV/video production.

The new venture '2 entertain Limited' will combine the current video and music
publishing and TV/video production businesses of the Woolworths Group
subsidiary, VCI plc, with the video publishing business of BBC Worldwide. BBC
Worldwide is to retain video publishing rights in Music, Educational and
Children's programming. A UK sales and distribution arrangement for BBC
Children's video titles has been agreed with the new venture.

Completion of the transaction is now conditional on certain regulatory and
financing clearances.

On completion, Richard Green, who is currently Managing Director of VCI will be
appointed as Chief Executive of 2 entertain Limited. He will report to a
supervisory board consisting of three representatives from each of the parties
to the joint venture. The three representatives from Woolworths Group will
include Christopher Rogers and Trevor Bish-Jones (Woolworths Group Finance
Director and Chief Executive respectively) and the three representatives from
BBC Worldwide will be Rupert Gavin and David King (Chief Executive and Finance
Director of BBC Worldwide respectively) and Chris Weller (Managing Director,
Consumer Publishing BBC Worldwide). Chris Weller will be the first Chairman of
the Supervisory Board and Executive Chairman of the management team. The equity
split between the joint venture parties is 40% Woolworths Group, and 60% BBC
Worldwide

The combination of the existing strong licence portfolio of VCI, the current BBC
video catalogue and the opportunity to invest in worldwide video rights for new
BBC programming offers the venture a broad base of repertoire sources. The
venture will be well placed to compete in the buoyant DVD market and will enjoy
a strong presence in the market for popular British programmes.

In the year to 31 December 2003, the contribution of VCI plc to the Woolworths
Group profit before interest, tax and exceptional items was 16.2m and its
turnover was 95.0m. On a proforma basis in the year to 31 March 2004 the
turnover and profit of the relevant elements of the video publishing business of
BBC Worldwide were 81.6m and 23.6m respectively. Turnover in the joint
venture vehicle is expected to be in the region of 180.0m by the close of its
first full year of trading. The value of the net assets relating to VCI plc
being transferred into the new joint venture will be approximately 3.0m, and
the combined net assets of 2 entertain Limited post completion will be
approximately 9.0m.

Commenting on the deal Christopher Rogers, Chairman of VCI and Finance Director
of the Woolworths Group, said:

'This is a very exciting development for Woolworths. In creating this joint
venture, we are bringing together two of the most successful players in the home
entertainment market. 2 entertain will be a more broadly based company with a
stronger portfolio of product, providing the opportunity to better capitalise on
the good growth prospects in the home entertainment market, both in the UK and
overseas.'

Rupert Gavin, Chief Executive of BBC Worldwide, said:
'This is good news for the British video industry, for British talent and for
video buyers. The strength of the major TV and film studios can make it
difficult for British production companies to ensure their video properties and
talent get enough access to markets. By combining the scale and expertise of
two successful British distributors in a partnership, we can drive sales
opportunities more strongly and, in the process, also ensure there is greater
consumer choice. '

- Ends -

The joint venture got a mention on channel 4's financial ceefax pages
yesterday - hopefully a couple of the weekend papers may have picked it up
too so that might bring in some renewed interest from private investors...

Edit.

Posted on wrong thread.
Deleted and transferred to the Monday Investors' traders thread.

Melnibone.

Sorry, I've just realised that I've posted this on the wrong thread.

Will transfer it to the Monday investors' trader thread.

Melnibone.

looks like the bishop`s turned the corner,,,well & truly.

Moving in the right direction today - now if it can keep that up
all week that would be impressive.

no doubt bunny this will be moving northwards, but i dont have any,,dam funds.

I didn't realise you had sold out on it - still holding mine,
oh well you could always sell some MTN.....;>)

bunny post 29,,where have you been,your mtn has been on your mind thats it.
any idears what your next buy will be ,as for selling mtn ,,,,,,,,,no chance i no what i want 2.30.

I've got to sit down and think on that Dave, not sure right now where
I want to put the MTN proceeds, will keep you posted.

right oh,good luck.