MNI BRIEF: Canadians Fuzzy On How BOC Hikes Slow CPI, Government's Role

CANADA FLASH MAY GDP +0.1% ON FACTORIES AND REAL ESTATE

MNI China Daily Summary: Friday, June 28

MNI BRIEF: BCB Evaluating Real Depreciation Impacts - Galipolo

MNI BRIEF: PBOC Pledges to Curb Any Overshoot Of The Yuan: MPC

MNI: PBOC Net Injects CNY40 Bln Via OMO Fri; Rates Unchanged

MNI: BAKER HUGHES US RIG COUNT 581; OIL RIGS 479; GAS RIGS 97

EZ/UK T-Bill Calendar: Germany, France Auction on Monday

EZ/UK Bond Supply Calendar: BoE APF on Monday

RPT-MNI: Canada Sticks To Fiscal Anchors, Spends Chunk Of Windfall

MNI BRIEF: Poilievre Calls QE 'Scam' And Would Limit BOC Remit

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

Woolworths Holdings (WHL; SJ) vs. Woolworths Group (WOW: AU)

CONSUMER STAPLES
Credit BulletsBulletHomepagemarkets-real-timeCredit
  • Couple of headlines this morning on a Woolworths Holdings earnings guidance cut - note this is a South African retailing conglomerate who does not issue credit and NOT the largest Australian grocer Woolworths Group which our screen cheap is on.
  • To make things even more confusing WOW holdings has made acquisitions of retailers in Australia and New Zealand over the years including $2.1b purchase of department store David Jones in 2014 - it disposed that early last year.
  • Screen cheap on the Aussie grocer WOWAU28s (Baa2/BBB S) still stands, has been long-time value screen for us on carry at Z+90/B+128/3.95%. No recent px/trading sideways.
103 words

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
  • Couple of headlines this morning on a Woolworths Holdings earnings guidance cut - note this is a South African retailing conglomerate who does not issue credit and NOT the largest Australian grocer Woolworths Group which our screen cheap is on.
  • To make things even more confusing WOW holdings has made acquisitions of retailers in Australia and New Zealand over the years including $2.1b purchase of department store David Jones in 2014 - it disposed that early last year.
  • Screen cheap on the Aussie grocer WOWAU28s (Baa2/BBB S) still stands, has been long-time value screen for us on carry at Z+90/B+128/3.95%. No recent px/trading sideways.