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Coles Group (COL) $12.60

The Sunday Times - - YOUR MONEY -

COL has started trad­ing as a sep­a­rate com­pany fol­low­ing the de­merger from Wes­farm­ers. Val­u­a­tions look at­trac­tive, trad­ing at an earn­ings dis­count to Wool­worths at the cur­rent share price. COL has op­tions to po­ten­tially in­crease sales, in­clud­ing through store re­fur­bish­ments and sup­ply chain in­vest­ment. The petrol divi­sion may be as­sisted by lower petrol prices driv­ing in­creased sales. COL dis­plays de­fen­sive earn­ings through con­sumer sta­ples.

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