Gain­ing some se­ri­ous mar­ket share

Finweek English Edition - - SIMON SAYS -

Woolies* re­ported re­ally good re­sults that saw the share price adding al­most 10% in the two trad­ing days af­ter the re­lease. But where’s my div­i­dend? An in­terim div­i­dend of 96.5c is down from the pre­vi­ous 101c and af­ter the rights is­sue there are more shares in is­sue, but I am not con­vinced, and the re­tailer man­aged to com­pletely gloss over the de­crease. Cut­ting my div­i­dend al­ways makes me an un­happy share­holder. I con­tinue to hold as the re­sults were great and its Aus­tralian David Jones ac­qui­si­tion could be­come huge. Lo­cally, Woolies is gain­ing se­ri­ous mar­ket share in the food-re­tail space (so, who is los­ing here – Pick n Pay?), while lo­cal cloth­ing had a rough patch.

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