Morgans Financial Limited

Woolworths and Wesfarmers both highlighted at their annual results that the competitive landscape in food and grocery remains robust. Competition has increased from new store expansion from Aldi, and the industry-wide focus to pass on efficiency gains to customers, and invest in lower prices. However, sales growth is likely to... Show More

Paradice Investment Management

For decades there has been a small number of Australian business that have enjoyed the benefits of operating in an oligopoly, however now more than ever these business face disruptions and stiffer competition from competitors. This month Australian Large Cap portfolio manager David Moberley will take a look two such... Show More

Bell Potter

Metcash reported net profit up 20% to $122m (including discontinued automotive business). EBIT margin was 2.0% as compared to 2.5% in pcp. SEGMENT EBIT: Improvement in both Liquor and Hardware: Food and Grocery down 23% to $91.9m, Liquor up 4% to $25.9m and Hardware up 22% $11.6m. Net operating cash... Show More