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Last edited 2 years ago
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#Overreaction?
stale
Added 2 years ago

Woolworths selling off $600m stake in EDV. Bit of a drop in SP that hasn't been seen in quite some time. Perhaps worth another look into the new year.

Good brief writeup in The Australian highlighting some of the updates with Endeavour group including a few pokies that weren't set up properly and supposed purchasing of more pubs.

One could presume Woolworths might have made the sale to free up some cash and diversify further and further away from the tainted non-ESG lien of the business.