Metcash Limited (ASX:MTS) Shares Sink 7% – Is It A Bargain?
Metcash Limited (ASX:MTS) (MTS.AX) shares continued their descent on Tuesday, falling around 6.5%, despite falling a similar amount on Monday.
ALL ORDINARIES Index Down, Wesfarmers (ASX:WES) Shares Drop
Australia’s share market, or the All Ordinaries Index (INDEXASX:XAO)(ASX:XAO), is currently down 0.27% at lunch.
Here’s Why Metcash Limited (ASX:MTS) Shares Slumped Today
ASX-listed Metcash Limited (ASX:MTS) (MTS.AX) shares were trading lower today despite the broader S&P/ASX 200 (INDEXASX:XJO) (^AXJO) climbing higher.
S&P/ASX 200 Pre-Market News, Metcash (MTS) Profit Result
Here are the news headlines from the S&P/ASX 200 (INDEXASX:XJO)(ASX:XJO) on Monday morning. Metcash Limited (ASX:MTS) has released its 2018 profit result and Vocus Group Ltd (ASX:VOC) has extended its debt facilities.
Metcash Limited (MTS) Just Took A $352m Hit To Its Balance Sheet
Metcash Limited (ASX: MTS) announced this morning that it will recognise a $352 million impairment to goodwill and other net assets in the Supermarkets & Convenience segment of its business.