Woolworths: Focus on the long-term

Perpetual Limited

Nathan Parkin, Deputy Head of Australian Equities at Perpetual, says Woolworths management is focussing on its core assets of food & liquor, where he sees strength. “We’ve not been a long-term investor in Woolworths, for all of the reasons why the share price is currently down. What we’re seeing today, is some really good signs, really good decision making within that business, around the future direction. We think the focus is in the right place, the balance sheet is robust, the cash flows will come out, and the market doesn’t believe the value of those assets anymore.” Watch the video for his thoughts on Woolworths and Graincorp: (VIEW LINK)


Perpetual Limited

Perpetual Limited is an independent and diversified financial services group providing specialised investment management, wealth advice and corporate fiduciary services to individuals, families, financial advisers and institutions.

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