Coles Introduces Ambitious Midterm Cost-Out Programme. AUD 12.30 FVE Unchanged.
In large parts we agree with the frank outlook Coles’ management provided at the firm’s inaugural investor day on the challenges awaiting Australian grocery retailers in the near to medium term. Nevertheless, the market looked past those headwinds, welcoming the reiterated dividend payout policy and an ambitious cost-out target. We hadn’t expected a dividend cut and any efficiency gains are likely to be chewed up by cost inflation or passed on to consumers in the form of lower food prices.At ou...
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
We have operations in 27 countries.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.