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Share Tracking Colruyt & Ahold

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Share Tracking Colruyt & Ahold
2010-2011 Universiteit Antwerpen

Share-tracking report
Roberto Benabid
2E10

Contents

Part I: Rationale statement
The stocks of Colruyt and Ahold were chosen for several reasons. In terms of collecting determinants of shares , the stocks of Colruyt in combination with Ahold’s shares were chosen because they are both located in the same sector however active in different countries. With this in mind determinants of portfolio performance associated with the location, sector, etc. can be discovered. In terms of maximal portfolio performance, the retail stocks weren’t affected by the economic crisis unlike other stocks.
A boom or slump in these shares is not expected, maybe a steady increase will be more likely. This prediction was made with the Christmas shopping in view.
In the period from September 1, 2010 to October 4, 2010 the share price of Colruyt fluctuated between 197.25 and 194.10 euros. These small fluctuations were caused due the longer opening hours, a disappointing profit forecast, etc.
In the period from September 1, 2010 to September 28, 2010 the shares of Ahold showed a steady increase of 49 cents per share. The shares fluctuated from 9.68 to 10.17 euros. This increase was due to the 3% higher net profits generated by Ahold. This was beyond Ahold’s expectations. On the other hand by market close on October 4,2010, the shares in Ahold had dropped 54 cents per share since September 28, 2010 from 10.17 to 9.63 euros. This drop was caused by the change of their CEO. The former CEO John Rishton was replaced by Dick Boer. From the stock market figures the conclusion can be made that there was a lack of


References: Share of the week Colruyt date accessed: November 11, 2010 (http://www.analist.be/berichten/2010/08/10/7176/Aandeel+van+de+week:+colruyt) www.demorgen.be BEL20 is recovering date accessed: November 28, 2010 (http://www.demorgen.be/dm/nl/996/Economie/article/detail/1184584/2010/11/18/Bel20-surft-mee-met-opluchtingsrally.dhtml) Colruyt splits stocks date accessed: November 28, 2010 (http://www.demorgen.be/dm/nl/996/Economie/article/detail/1168935/2010/10/12/Colruyt-splitst-aandelen.dhtml) Distribution center Colruyt in Zaventem. date accessed: November 28, 2010 (http://www.demorgen.be/dm/nl/996/Economie/article/detail/1185033/2010/11/19/Distributiecentrum-Colruyt-in-Zaventem-schept-40-nieuwe-banen.dhtml) Euronext Brussel: PIGS put damper on festivities date accessed: November 28, 2010 (http://www.demorgen.be/dm/nl/996/Economie/article/detail/1177368/2010/11/01/Euronext-Brussel-PIGS-zetten-domper-op-feestvreugde.dhtml) The opening of the first low-energy store in Belgium date accessed: November 28, 2010 Ahold last in the race to buy Hema date accessed: November 28, 2010 (http://www.fd.nl/artikel/20714233/ahold-laatste-race-koop-hema-media) target price of Ahold raised to 13.00 euros date accessed: November 28, 2010 (http://www.fd.nl/artikel/20760539/ahold-koersdoel-omhoog-eur13-00-sns) www.nieuwsblad.be Ahold doubts about the acquisition of Hema date accessed: November 28, 2010 (http://www.nieuwsblad.be/article/detail.aspx?articleid=GCQ3291CS) Ahold sees profit decrease date accessed: November 28, 2010 (http://www.nieuwsblad.be/article/detail.aspx?articleid=DMF20101118_014) Albert Heijn early as February in Belgium date accessed: November 20, 2010 (http://www.nieuwsblad.be/article/detail.aspx?articleid=GQJ30JIFD) BEL20 falls out of place date accessed: November 28, 2010 (http://www.nieuwsblad.be/article/detail.aspx?articleid=DMF20101105_048) European markets end in red date accessed: November 20, 2010 (http://www.nieuwsblad.be/article/detail.aspx?articleid=DMF20101001_026) Share Colruyt in the red zone date accessed: November 11, 2010 Ahold gets a new CEO date accessed: November 11, 2010 (http://www.standaard.be/artikel/detail.aspx?artikelid=DMF20100930_015&word=ahold) Fiat in favor of the 5-for-1 stock split Colruyt date accessed: November 20, 2010 (http://www.standaard.be/artikel/detail.aspx?artikelid=Q230NDTJ&word=colruyt) Test Aankoop Invest date accessed: November 11, 2010 (http://www.standaard.be/artikel/detail.aspx?artikelid=OR2VQBC1&word=colruyt) www.supermarktactueel.nl AH opens an office in Antwerp date accessed: November 28, 2010 (http://www.supermarktactueel.nl/nieuws/actualiteiten/ah-opent-kantoor-in-antwerpen) www.telegraaf.nl Albert Heijn publishes a happy and useful magazine date accessed: November 28, 2010 (http://www.telegraaf.nl/dft/nieuws_dft/article8012701.ece) Ireland gets more time? date accessed: November 28, 2010 (http://www.telegraaf.nl/dft/goeroes/frankschaeffers/8095123/__Krijgt_Ierland_nog_de_tijd___.html) Preview: Ahold saw profits fall date accessed: November 28, 2010 (http://www.telegraaf.nl/dft/bedrijven/ahold/article8230394.ece) Promotion war between supermarkets intensified date accessed: November 28, 2010 Ahold generates 3% higher net profit date accessed: November 11, 2010 (http://www.tijd.be/nieuws/ondernemingen_consumptie/ahold_boekt_3_procent_hogere_nettowinst.8954071-3073.art) Colruyt fights Delhaize with their own weapons date accessed: November 11, 2010 (http://www.tijd.be/nieuws/ondernemingen_consumptie/Colruyt_bestrijdt_Delhaize_met_eigen_wapens.8968416-3073.art)
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