{"id":64018,"date":"2014-11-20T23:12:49","date_gmt":"2014-11-21T04:12:49","guid":{"rendered":"http:\/\/countingpips.com\/?p=64018"},"modified":"2014-11-20T23:12:49","modified_gmt":"2014-11-21T04:12:49","slug":"why-the-woolworths-share-price-fell-today-2","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2014\/11\/why-the-woolworths-share-price-fell-today-2\/","title":{"rendered":"Why the Woolworths Share Price Fell Today"},"content":{"rendered":"
November 20, 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 runs 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 2.981% lower on Wednesday<\/p>\n

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

39 of the 633 Caltex-Woolworths fuel network sites will exit the Caltex-Woolworths alliance. <\/p>\n

This means these 39 sites will no longer offer the Woolworths fuel discount redemptions. <\/p>\n

However, 92 Caltex operated sites will be rebranded as a Star Mart or Star Shop. By the end of 2015, these new stores, plus a couple to- be- completed sites will offer the Woolworths fuel redemption. <\/p>

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The company assured this new arrangement won\u2019t have a material profit impact on the company.<\/p>\n

What Now for Woolworths Limited?<\/h2>\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

The BIG W chain isn\u2019t helping earnings either. Big W and its apparel catalogue\/online business fell 4.1%, making it the eighth loss in a row for the business. Chief executive Grant O\u2019Brian said BIG W\u2019s transformation is still underway and will drag on results over the financial year.<\/p>\n

It\u2019s been a rough month for Woolworths shareholders. It\u2019s dropped 9.22% since 10th November. <\/p>\n

In addition to that, the share price is currently below $32, its lowest point since February 2013. The share price could still head lower as there is very little technical support for the price above $30. <\/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 runs 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-64018","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/64018","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=64018"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/64018\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=64018"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=64018"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=64018"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}