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#Results
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Added 4 years ago

27-Aug-2020:  Full Year Results Announcement  and  Full Year Results Presentation  plus  Appendix 4E and 2020 Annual Report

Woolies isn't discussed much here on Strawman.com, but it's one to watch.  I'd be interested if they successfully spin out their hotels and liquor assets.  As it is, they're still the largest listed owner of pokie machines in Australia, and that's a turn-off for many investors, including me.  They also don't look particularly cheap, but they've produced another solid result, with online sales increasing by +41.8%, which is no great surprise.  They have been impacted by COVID, with group revenue up but overall earnings down, but that's to be expected also.  Worth looking at if they come back down to around $36, and that's only about 10% below where they are now, so it's entirely possible...  but I won't be buying WOW at any price until they spin out their hotels.  I love alcohol, but I don't like pokies and the harm they cause to the community.  But that's just me, and everyone is different.