Woolies Rewards Shareholders With Special Dividend

Woolworths lifted 2016-17 dividend by way of higher ordinary payouts and a one off payment of 10 cents a share, but the payout to shareholders of $1.03 a share remains well short of the $1.39 a share paid in 2014-15, when the company’s Masters hardware adventure was starting to go bad and the previous board and management lost control of its supermarkets business.

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ACCC Blocks BP, Woolies Fuel Deal

It wasn’t the Christmas present Woolworths or BP were expecting. Instead of a bauble, they got coal from the competition regulator, the ACCC which has decided to oppose the big petrol station sale and purchase between the two claiming the deal would lessen competition in the petrol market.

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Big W The Big Surprise At Woolworths

Woolworths ((WOW)) has impressed brokers with its performance in the September quarter, being the fourth consecutive quarter in which it has outperformed its competitor Coles ((WES)). The main surprise on the positive side was Big W, where like-for-like sales rose 2.9% and halted four consecutive years of declines. Brokers observe few promises were made ahead of the key Christmas trading period although management appeared confident momentum would be maintained.

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Big W Drains Woolies

It used to be soo easy for Woolies a few years ago. Customers would just roll up and spend at its supermarkets in Australia and NZ, buy booze at Dan Murphy’s, shop for homewares and clothing at Big W, and buy petrol at its petrol outlets/convenience stores, many of which were run with or supplied by Caltex.

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Woolies Sells EziBuy

As an investor you know what embarrassment is? It’s a big loss, or a missed opportunity. For shareholders its similar, but overlaying that is the performance of management and boards of the companies you invest in – strategy and execution are always the big tests for dud managements or good performers.

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Is Woolies Trading At A Discount?

In our continued search for places to deploy capital, we recently reviewed the listed supermarkets and asked: ‘Are supermarkets trading at a discount to intrinsic value?’ After all, since mid-2014, the Wesfarmers (ASX:WES) share price has barely moved, while Woolworths’ (ASX: WOW) has fallen sharply. Our analysis threw up some interesting findings.

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