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In reply to: Galactic man on Sunday 11/03/07 05:44pm

Sunday Herald - stock picks - 1 broker recommends BUY, also there is a potential for a T/O of some of WES divisions. I have only 1000 shares, bought last year, unfortunately paid $37 per share so I am definitely holding, might even top up at the sp drop. WES is an excellent co imho.

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  • 3 weeks later...

In reply to: rossw on Monday 12/03/07 12:28pm

Ross,

 

The hunted becomes the hunter as WES buys a seat at the table in the Coles sale.

 

"Wesfarmers joined with Macquarie Bank, PEP and British private equity retail specialist Permira to launch the bid, which is 8 per cent higher than the $15.25 a share, $18 billion offer from the KKR consortium rejected by Coles six months ago."

 

Be interesting to see which bits they are interested in. Office Works for sure, maybe Target, but I expect they will leave food to the other partners as they have no expertise in this area.

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In reply to: Idyll128 on Tuesday 03/04/07 11:18am

ID, you or I or Wesfarmers or Pauline Hansen have more expertise in food or any kind of retailing that Coles management. Just an opinion. http://www.sharescene.com/html/emoticons/smile.gif

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In reply to: PeterH on Tuesday 03/04/07 03:16pm

PH,

 

Certainly agree on Pauline Hanson, I guess I'm more like John Fletcher with the famous "I haven't been in a supermarket for 25years" remark when he took the helm.

 

Wesfarmers have or did have specific guidelines on which directions individual business units were allowed to expand both domestically and internationally based on their current operations. I expect if they decided food was an area they wished to become a player then these risk management rules would preclude them from making such a large investment in the first instance.

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Looks like Wesfarmers want Office Works and Target and plan to fatten the rest up for market.

 

Following the successful acquisition of Coles, Wesfarmers intends to restructure the company

along the following lines:

ÃÆâ€â„¢ÃƒÆ’ƒâہ¡ÃƒÆ’‚¢ÃƒÆ’¢Ã¢Ã¢Ã¢Ã¢â€š¬Ã…¡Ãƒâ€šÃ‚¬ÃƒÆ’…¡Ãƒâہ¡ÃƒÆ’‚¬ÃƒÆ’â€Å¡Ãƒƒâہ¡ÃƒÆ’‚¢ ColesÃÆâ€â„¢ÃƒÆ’ƒâہ¡ÃƒÆ’‚¢ÃƒÆ’¢Ã¢Ã¢Ã¢Ã¢â€š¬Ã…¡Ãƒâ€šÃ‚¬ÃƒÆ’…¡Ãƒâہ¡ÃƒÆ’‚¬ÃƒÆ’¢Ã¢Ã¢Ã¢Ã¢â€š¬Ã…¡Ãƒâ€šÃ‚¬ÃƒÆ’…¾Ãƒâہ¡ÃƒÆ’‚¢ Everyday Needs businesses ÃÆâ€â„¢ÃƒÆ’ƒâہ¡ÃƒÆ’‚¢ÃƒÆ’¢Ã¢Ã¢Ã¢Ã¢â€š¬Ã…¡Ãƒâ€šÃ‚¬ÃƒÆ’…¡Ãƒâہ¡ÃƒÆ’‚¬ÃƒÆ’¢Ã¢Ã¢Ã¢Ã¢â‚¬Å¡Ã‚¬Ãƒâ€¦Ã‚¡ÃƒÆ’‚¬Ãƒâ€Â¦ÃƒÆ’¢Ã¢Ã¢â‚¬Å¡Ã‚¬Ãƒâ€¦Ã¢â‚¬Å“ Food, Liquor and General Merchandise (K Mart)

ÃÆâ€â„¢ÃƒÆ’ƒâہ¡ÃƒÆ’‚¢ÃƒÆ’¢Ã¢Ã¢Ã¢Ã¢â€š¬Ã…¡Ãƒâ€šÃ‚¬ÃƒÆ’…¡Ãƒâہ¡ÃƒÆ’‚¬ÃƒÆ’¢Ã¢Ã¢Ã¢Ã¢â‚¬Å¡Ã‚¬Ãƒâ€¦Ã‚¡ÃƒÆ’‚¬Ãƒâ€Â¦ÃƒÆ’¢Ã¢Ã¢â‚¬Å¡Ã‚¬Ãƒâ€¦Ã¢â‚¬Å“ would be owned by Wesfarmers and its consortium partners, funds advised by

Pacific Equity Partners and Permira, and Macquarie Bank. Wesfarmers would hold

approximately 50 per cent of the Everyday Needs businesses, which will be majority

Australian-owned and which will be structured with typical private equity

characteristics.

ÃÆâ€â„¢ÃƒÆ’ƒâہ¡ÃƒÆ’‚¢ÃƒÆ’¢Ã¢Ã¢Ã¢Ã¢â€š¬Ã…¡Ãƒâ€šÃ‚¬ÃƒÆ’…¡Ãƒâہ¡ÃƒÆ’‚¬ÃƒÆ’â€Å¡Ãƒƒâہ¡ÃƒÆ’‚¢ Wesfarmers would own Officeworks and Target outright.

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  • 2 months later...

In reply to: Idyll128 on Tuesday 03/04/07 06:51pm

Hi,

I know about Coles, etc. but why there is suddenly such a big surge in WES sp??, mainly Thursday and Fri. Could it be that WES are the mixture and at the moment retailing and resources are surging therefore WES is benefitting, or is there something someone important knows what normal mortals (like me) do not know?? It is a very interesting scenario atm. Any comments welcome.

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  • 2 weeks later...

In reply to: daggie on Sunday 17/06/07 06:52pm

According to an article which appeared in the Weekend Finrev

 

Quote

The most bizarre thing in recent weeks is that it is the predator's share price that has been rising, not that of the target.

 

This reflects the broad market view that price tension has been removed from the auction and Wesfarmers may be able to get Coles on the cheap.

 

Wesfarmers shares have also been helped by the rise in the coal price outlook(for its large coal business) and the realisation among institutional investors that they need to start building a bigger Wesfamrers position because it will be a large part of the index if, as is likely, it uses a significant amount of its own scrip as consideration in its bid for Coles.

Unquote

 

Hope this answers your question !

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