BWP Trust: Result 2015

With BWP shares hovering around our Sell price, Jon Mills looks at whether you should continue to Hold.

Soon-to-depart Woolworths chief executive Grant O’Brien was a major driver behind Project Oxygen: Woolworths’ attempt to create a rival to Wesfarmers’ Bunnings Warehouse hardware chain in the form of Masters.

Woolworths hoped Masters would reduce Bunnings’ profitability and, along with forcing Wesfarmers management to devote itself to defending Bunnings’ turf, also reduce the danger to Woolworths’ grocery business from a reinvigorated Coles.

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