Coles Group (ASX: COL) was split from the broader Wesfarmers conglomerate (which owns Bunnings Warehouse) in November 2018 after 10 years of ownership. However, the Coles name has operated in Australia for 100 years. Today, Coles is one of the largest retailers in the country, serving 21 million customers per week across its supermarkets, Coles Express, Online, Vintage Choice and others.
It was relatively quiet on the ASX on Monday with traders eyeing the Reserve Bank of Australia’s latest interest-rate decision, to be announced today (and a public holiday in most states dampening activity further).
Marcus Today does Technical Scans every day, and on 15 September 2023, they turned up four big stocks (five if you include Resmed CDI (ASX: RMD), seven including resources) that are interestingly oversold on weekly charts.
The Coles Group Ltd (ASX:COL) share price is down over 5% after reporting its FY23 report and giving a challenged outlook.
The Coles Group Ltd (ASX:COL) share price is down more than 1% after it revealed a delay with its new distribution centres.
We consider Metcash Ltd (ASX: MTS) to be an interesting opportunity in the ASX mid and small-cap segment. It is owned by the Contact Australian Ex-50 Fund and BKI Investment Company, writes Will Culbert.
The Coles Group Ltd (ASX:COL) share price is down amid news relating to higher wage remediation costs for managers.
The Coles Group Ltd (ASX:COL) share price fell over 1% despite reporting strong sales growth in the third quarter of FY23.
The Coles Group Ltd (ASX:COL) share price is in focus after the supermarket business announced it was spending $105 million on two milk processing facilities.
The Coles Group Ltd (ASX:COL) share price is higher after the supermarket business reported strong profit growth.
