WOOL­WORTHS

Finweek English Edition - - INVESTMENT -

FNB Se­cu­ri­ties de­scribed the re­cent trad­ing up­date from the re­tailer for the 53 weeks ended 30 June 2013, as “im­pres­sive”, but said that much of this trad­ing per­for­mance had been built into the share price. It says Woolies is trad­ing on a for­ward P/E of 16.5 and a “rel­a­tively at­trac­tive” div­i­dend yield of 4.3%.

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