monkey man Posted September 20, 2005 Share Posted September 20, 2005 In reply to: singas on Tuesday 20/09/05 09:29am Wesfarmers have a track record of paying their price in their deals. I would like to see this attitude continue. Am I right in stating that the MacBank led consortium are planning to split up and sell Dyno Nobel? Might be an opportunity there... MM Link to comment Share on other sites More sharing options...
jazzmoo Posted March 30, 2006 Share Posted March 30, 2006 Does anyone know why Wesfarmers is being hammered this past week? Link to comment Share on other sites More sharing options...
Idyll128 Posted March 30, 2006 Share Posted March 30, 2006 In reply to: jazzmoo on Thursday 30/03/06 10:35am jazz, WES are probably being hammered after a Merrill Lynch downgrade to hold and perhaps market perception they are boring especially relative to booming resource sector. Could also be perception that Goyder won't have the golden touch like Chaney. The reality is in a booming market with high asset prices deals are probably harder to find that meet their strict return on capital requirements. This is evidenced by large capital expenditure on existing businesses but no new deals. Bottom line is it is this discipline that has made them such a great investment over the long term. Current management show no signs of changing there strategy, so provided they can continue to execute (need improved execution in coal and industrial) expect WES to outperform market in long term. Link to comment Share on other sites More sharing options...
jazzmoo Posted March 30, 2006 Share Posted March 30, 2006 In reply to: Idyll128 on Thursday 30/03/06 12:39pm Yes, agree with everything you said, but is any of that actually news to the market? It's just seems to have come on all of a sudden. The trades look a bit odd too. Someone seems to be driving it down. Link to comment Share on other sites More sharing options...
Idyll128 Posted December 15, 2006 Share Posted December 15, 2006 Wesfarmers share price on a roll. Looks like the lastest stock to benefit from the private equity rumour mill courtesy of latest edition of BRW. Share price up around $1.80 in the last 2 days. Link to comment Share on other sites More sharing options...
nipper Posted December 15, 2006 Share Posted December 15, 2006 In reply to: Idyll128 on Friday 15/12/06 02:09pm ah, is that where the fire is!! having seen the market smoke. Private equity and WES are something of a match: thanks for the direction pointer. However, I don't want anyone to buy my WES. quite happy with the dividends and unrealised capital gain (bought sub $7 years ago) Link to comment Share on other sites More sharing options...
Idyll128 Posted December 15, 2006 Share Posted December 15, 2006 In reply to: nipper on Friday 15/12/06 02:42pm Yes the capital gain liability is a problem for long term holders. One of my parcels of WES has a cost base of 4 cents after accounting for the numerous capital returns. Still a private equity buyout at $45 to $50 would ease the pain somewhat. Link to comment Share on other sites More sharing options...
auroraoz Posted February 15, 2007 Share Posted February 15, 2007 Selling properties on a leaseback! What sort of profit will that tally to? bet theyre up 100% on set up a few years ago? A good mix aoz Link to comment Share on other sites More sharing options...
sally1 Posted February 18, 2007 Share Posted February 18, 2007 Still holding for the present http://www.sharescene.com/html/emoticons/blink.gif Link to comment Share on other sites More sharing options...
Galactic man Posted March 11, 2007 Share Posted March 11, 2007 Still cheap compared to other bluechips, what are people's thoughts? Link to comment Share on other sites More sharing options...
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