{"id":60150,"date":"2014-09-10T22:34:08","date_gmt":"2014-09-11T02:34:08","guid":{"rendered":"http:\/\/countingpips.com\/?p=60150"},"modified":"2014-09-10T22:34:08","modified_gmt":"2014-09-11T02:34:08","slug":"why-the-woolworths-share-price-fell-today","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2014\/09\/why-the-woolworths-share-price-fell-today\/","title":{"rendered":"Why the Woolworths Share Price Fell Today"},"content":{"rendered":"
September 10, 2014<\/div>
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By MoneyMorning.com.au<\/u><\/a><\/p>\n

What Happened to the Woolworths Share Price?<\/h2>\n

Woolworths Limited\u2019s [ASX:WOW]<\/strong> main business is its Woolworths supermarket chain. But the company also has some chain retail interests, including the Big W discount stores, Masters Home Improvement, and the Woolworth\/Caltex petrol alliances. The company also run liquor chain stores BWS, Dan Murphy\u2019s and Cellarmasters. Topping it all off are some hotel and leisure interests.<\/p>\n

The share price closed 2.25% lower on Wednesday.<\/p>\n

Why Did This Happen to WOW Shares?<\/h2>\n

Woolworths went ex-dividend today. Its final year dividend was 72 cents, bringing the full year dividend to $1.37.<\/p>\n

What Now For Woolworths Ltd?<\/h2>\n

Currently topping up the balance sheet with cash, two days ago Woolworths sold off 54 pubs to a newly created joint venture between Charter Hall Group and super fund HostPlus. Of this, 46 sites include a Dan Murphy\u2019s and\/or BWS liquor store. <\/p>\n

The total sale of the properties was $603 million. <\/p>

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Woolworths has confirmed the tenancy of each site will remain. Generally, Woolworths\u2019 properties have a tenancy agreement for 20 years. <\/p>\n

It\u2019s likely WOW have sold these properties to cash in on rising property prices.<\/p>\n

Woolworths can be a solid defensive stock in your portfolio. However, be aware that the Masters Home Improvement chain stores are currently a drag on earnings. The Masters stores aren\u2019t expected to break even until 2016. <\/p>\n

If you are looking to add WOW shares to your portfolio, don\u2019t overpay for the stock. Look to enter the stock when it dips below $36.<\/p>\n

Shae Smith+<\/a>
\nEditor, Money Weekend<\/em><\/strong> <\/p>\n

Join Money Morning on Google+ <\/span><\/a><\/strong><\/p>\n

The post Why the Woolworths Share Price Fell Today<\/a> appeared first on Stock Market News, Finance and Investments | Money Morning Australia<\/a>.<\/p>\n

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\nBy MoneyMorning.com.au<\/u><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

By MoneyMorning.com.au What Happened to the Woolworths Share Price? Woolworths Limited\u2019s [ASX:WOW] main business is its Woolworths supermarket chain. But the company also has some chain retail interests, including the Big W discount stores, Masters Home Improvement, and the Woolworth\/Caltex petrol alliances. The company also run liquor chain stores BWS, Dan Murphy\u2019s and Cellarmasters. Topping […]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-60150","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/60150","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/comments?post=60150"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/60150\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=60150"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=60150"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=60150"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}