Skip to main content

Metcash bid for franklins supermarket to be apposed by ACCC

The Australian Competition and Consumer Commission today announced it will oppose the proposed acquisition of the Franklins supermarket business by Metcash Trading Limited.

franklins supermarket logo

Metcash is one of  Australia's largest wholesaling and distribution company servicing independent grocery retailers throughout Australia, like IGA and Supa IGA  and the supermarkets operating under his chain.

metcash logo

Franklins operates around 80 corporate owned and 8 franchised Franklins supermarkets in NSW, and is currently owned by “Pick n Pay” Retailers (Pty) Limited South Africa's largest retailer.

Quote the ACCC

"Central to the ACCC's concerns is that the proposed acquisition is likely to result in a substantial lessening of competition through the removal of Metcash's closest and only genuine competitor for the wholesale supply of packaged groceries in NSW," ACCC chairman Graeme Samuel said today.

Franklins is a leading discount supermarket chain and Australia’s original discount grocer. It sells packaged groceries and perishables in metropolitan and rural areas throughout New South Wales. The current Franklins brand was established in 2001 after being purchased by South African retail giant, Pick n Pay.

Woolworths says it’s interested in buying several Franklins stores, but the owner of the small supermarket chain remains a barrier to a sale.

Statement of Issues
22nd September 2010
MER10+2347.pdf (146.7 KB)

Related links:

Welcome to Franklins & Family Supermarkets - Franklins ...

Franklins is a leading discount supermarket chain and Australia's original discount grocer. It sells packaged groceries and perishables in metropolitan and ...
www.franklins.com.au/

Metcash Limited: Home

Metcash is a leading marketing and distribution company, operating in the grocery, liquor and hardware wholesale industries. ...
www.metcash.com/

Comments

  1. I have long been amazed that what I consider to be "basic data" can be so hard to come by. Ask your realtor for a time series of prices in a certain neighborhood, and they will look at you like you are from Mars. Why? Well because this is a good time to sell (insert vacacious reason of whim here) and this is a good time to buy (insert vacacious reason of whim here), so historical pricing makes no sense.

    Try to get good data on the indices going back a hundred years....good luck.

    Even getting commodity prices is a feat. Wish I still had access to the full on Bloomberg, but alas that is no more. Costs around $30,000 a year, I had it for free.

    So here is the project. Search out and upload "Real Data Series" of all sorts, and post them as direct downloads on Hawaii Trading.


    You got Data? Send it over, I will post it up. Knowledge can be freedom and power. Let's create freedom and power, for free.


    First chart / Excel is by me (Courtesy of the Perth Mint). This chart data is down-loadable in Excel at Hawaii Trading. Within 2 months, my goal is to have 25 spreadsheets with valuable data, available for free.

    The Excel format is sloppy, it took me 30 minutes to whip it into this shape as they had odd date formatting.

    http://oahutrading.blogspot.com/p/real-data-series.html

    ReplyDelete
  2. As we lighten up a bit and head into Christmas, I thought these spicy charts would be a nice break.

    This set of charts from Doctor J who has insightful posts on Daneric usually will spice up the Christmas season. What charts?

    They are spicy, keep your eyes on the fractals now.....

    http://oahutrading.blogspot.com/2010/12/doctor-j-charts-of-interest.html

    ReplyDelete
  3. Hope you all don't mind some good free stuff. take it if you like ignore it you don't --the authors have given permission to post in full.

    Matt and Steve, the Traders at Breakpoint Trades have been generous enough to post yet another full edition, with audio, Newsletter, including trade ideas at link attached.

    Have at it, appreciate your comments. This is some quality classic TA with Patterns, Fibonacci, Elliot, and not to mention, good old common sense. And they provide an awesome trading blog with lots of comments and intraday trade ideas, from subscribers and Authors.

    Their record for watch list trade ideas is over 70%, and sometimes closer to 90%. Of course we all can't be there at the perfect time to hit each one, but that is not necessary. Hit enough good trades, that is all I have to say about that.

    http://oahutrading.blogspot.com/2010/12/paid-newsletter-reposted-here-in-full.html

    ReplyDelete
  4. I’m still learning from you, but I’m improving myself. I absolutely love reading all that is posted on your site.Keep the information coming. I liked it!
    Stock Tips

    ReplyDelete

Post a Comment

Popular posts from this blog

List of Australian blue chip stocks

Australian shares gained 0.6 percent on Wednesday led by blue chip miners and financials on strong resource price


The biggest Blur chip stocks traded on the ASX, in terms of their market capitalisation, include:
BHP BillitonCommonwealth Bank of AustraliaTelstra CorporationRio TintoNational Australia BankAustralia and New Zealand Banking GroupRio tintoWestpac
The only stock to do worse than the S&P/ASX 200 is Harvey Norman Holdings Ltd [ASX: HVN]. Even so, it’s a better-than-the-bank 8.3% gain. The others have done much better: Qantas [ASX: QAN] up 36.1%; JB Hi-Fi [ASX: JBH] up 20.5%; Toll Holdings [ASX: TOL] up 25.3%; and Myer Holdings [ASX: MYR] up 37.1%. The benchmark S&P/ASX 200 index rose 27.1 points to trade at 4,977.3 by 2310 GMT. It fell 0.8 percent on Tuesday, its lowest close since February 7.

Best Australian stock forums online ( finance forums)

Many traders and investors use forums to share ideas, learn from the more experienced, or simply to stave off boredom during long hours at the computer. Here we list the known universe of forums, complete with costs, member numbers, extra benefits and popular forum topics. Please post a message on Your 2 Cents if your favourite forum isn't listed here, or if you feel that there's more to add about the day-to-day goings on in your online community.Forum
Cost
Stock comps
Forum areas
Comments
AussieStockForums.comFreeASX by share code, General, Beginners, Derivatives, Commodities, International, Strategies/SystemsEasy to use, independent forum. Aussie Stock Forums has a group of very active and knowledgeable traders. Private messaging available. Australian forum.
Chimes in ExileFreeASX stocks, fundamental analysis, technical analysis, commodities, economics, investment tools The forum has a small group of regular contributors that form a genuine community of investor…

The diggers and dealers forum meet 2011

The diggers and dealers forum has just begun August 1. Its a three day annual event happening every year  at the WA country town of kalgoorlie.2011 Diggers & Dealers forumBig name brokers  keenly watching the event will be MacquarieDeutsche BankBell PotterGoldman SachsRBS MorgansEvans & PartnersHartleysBlack Swan Euroz.Well most other websites will give you the  finer details of the annual meet and greet that happens at kalgoorlie , so we will just stick with the bare minimum of details  and focus on the more enjoyable bits  of information that the dealers require to strike a good deal while in town.Bare detailsWebsite : Diggers & DealersEvents : Program and scheduleWatering holes and entertainment at Diggers and dealers forumPubs , clubs  and skimpy (barmaids) culture in kalgoorlie . There are about 25 pubs in Kalgoorlie-Boulder area and for a city that stretches just 67sq km the number of pubs makes for  a good choice on drinking holesand entertainmentExchange Hotel ( Pa…