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?

STOCKBUNNY :-)
im in at 43 so will have to see how xmas bears up traded this stock a few times in the past 2 years and made a few here n there.
but like u say will the price cuts have the opposite effect on the results, its alright getting the customers through the door but it aint no good if if you slash the profit margin down and theres no extra customers to support it.

I think it was a 40 million loss at half time, this sort of loss is usual as the profits are made in the run up to christmas. Everyone on the high street seems to be selling the same christmassy stuff as WLW. If they are cutting the prices, that 40 million will take a lot of making up and then there is the nett profit to be made.
I do not hold WLW but am interested in the investment logic here. Am I on the wrong track with my thinking?
opto

My view yes opto,i like wlw for what is,not a holder at the moment,but would like a dabble 42ish,but in know hurry.

optomistic I have channel traded WLW on occasion and done well out of them.

This year post finals, I have not bought in.

Why?

I have been a little concerned that things did not look right, but I could not put a finger on it till the interims.

They refused to answer whether or not, like other retailers, the summer had put a dampener on recent trading.

I could not understand why that was not answered yes or no, even after it had been researched.

I stayed out, and it seemed for a while that many others had too.

Previous highs, post reports, have not yet been reached although there is a chance they will on the run up the Christmmas, as usual they will not be sustained especiallypre trading statement and interims.

It seems now, the market may have forgotten the absence of answers.

I would come in now if the price was right, but would sell prior to the finals, just in case!

I agree the defict is a big one to make up, and I agree that many other retailers are doing the same tricks and WLW to shift stock.

Depends on the public as to what happens, but I feel those who buy every year from them will continue to do so.

Those who have deserted the likes of WH Smith are not likely to return in such a short time of, new to them, strategy.

In the short term WLW should be alright but the spring could well bring a watershed.

All imho, dyor etc.

Hello Stockbunny see you made a post in the Traders Room but I cant get in (too young)!
What do you feel about 6 times more buys than sells to-day and a drop in SP I tried to help to-day by buying a CD by Maroon 5 !

Morning OakApples!
A wave of concern appears to be flowing through many of the retailers
that possibly wont be put to rest until post-Christmas when the figures
come in. Some situations are odd (I also hold FCCN for my sins, and that
is going up today...why?...goodness knows!) but other like WLW are having
a rough ride - it's a case of buckle up and sit tight for January.
:>)

It's a buy at these prices imo.

I sincerly hope this price holds or falls to 36p while cash is injected into my account.

Errr could we go for the 'hold' option if that's OK with you
SeaWallWalker - a drop to 36p will not make the bunny smile!
;>)

Yes but............ 36p to 48 p when the Jnauary Trading statement comes out saying they have had a record Christmas?

LOL nice idea but I've been in for a while - got in at 34p, so would
prefer to see it hold at 43p or so and then head up from there
on a good trading update in Jan! (Infernal Optimist you see!)
:>)

I know, with me it's wishful thinking and annoyance that I have all my cash in the sb account tied at present.

If only they can hold it down at this price I would be happy.

Had to do the same with HNR at their low early this week, and that low went lower by the time I bought, so I am hoping for a bit of deja vous.

A touch of deja vous never hurt anyone! :>)

Bit worried about this one, but not too much!

The High Street was empty yesteray compared to normal Mondays.

Woolies was brisk but not packed. Debenhams had staff wandering round doing not much, M&S I went in and came out empty handed, (unusually), WH Smith was very busy.

Well I did the whole length and the really busy place was...................................


The Post Office!

Queues outside the door.

Where do I get some shares?

1.25p down on yesterday.

If it can drop another 2p for tomorrow, I am in business!!

SWW - Yes come January and the updates from the retailers lets
hope it was a better trading period then it appears to have been,
I have also heard reports of shops quiet or people browsing and
then wandering off to window shop elsewhere.
I take it you have seen the broker downgrade this morning on WLW?
haven't checked prices yet but chances are you might now have
the price you wanted.

Didn't see that, I'll pop next door and have a look see........

Our Woolies reasonably busy but most shoppers in John Lewis and judging by the numbers of JLP bags seen in the High Street buying. One problem for me is the 3 for 2 deals in Woolies this must surely affect margins and make estimates unrealistic to a degree.

JP MORGAN
Downgrade Neutral from Overweight Woolworths, removes from Analyst Focus List, cuts target to 47 pence from 57, reduces estimates

Oakapples142 I tend to agree on that.

Obviously for WLW though 3 for 2 is better than bogof. The most of these deals are worked out with the maufacturers so the costing load is spread anyway.

I like a bargain, and buy one get one free is appealing, but why did I want 3 Easter Eggs for 2 children?

Well that's history, I ended up giving the paper boy and easter egg............

..........for Christmas!

Everybody is doing it but a 10p downgrade is not good.

I may see sub 40 pence at this rate!

SWW - thanks for that - not too many smiles on this BB but you have just given me one. Tel JP MORGAN that I for one would be happy with 47p !! Do you know I cannot remember one occasion when an alalyst has done me any favours

Actually now you mention it, nor do I me...............

As I like to channel trade this and anticipate buying in tomorrow, I want it as low as poss.

Sub 40p would be nice but realistically I do not see that price again so Iwill be happy with current levels.

Been here had the trading scares before and it always bounces.