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WES - WESFARMERS LIMITED


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In reply to: pot of gold on Wednesday 11/07/07 03:02pm

Last year they went ex-dividend on 21st August and paid on 4th September. Presumably the dates will be similar this year - plus or minus a few days.

 

As to the amount, they paid $1.50 last year. Most analysts are predicting that they will keep their total dividend at $2.15. Since they paid an interim of 85c, this implies a reduced final of $1.30.

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  • 1 month later...

http://www.brr.com.au/site/images/partners/sharescene-logo.jpg

Recent ShareScene.com Radio Broadcast (16/08/2007 13:00:00):

WES - 2007 Full Year Results - Mr Richard Goyder, MD and CEO

 

N.B. ShareScene.com Radio can normally be accessed by the 'RADIO' link, top of every page.

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ShareScene.com Radio delivers investor presentations from ASX listed companies. Keep up to date with the latest corporate dealings of the shares you follow. Hear news direct from the source. Listen to directors and investor relations mangers discuss their company, give investor updates and brief on current results. ShareScene.com Radio keeps you informed about company announcements and events, and provides you daily market wraps and industry discussions.

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  • 3 months later...

Just thought I would post here today now that I am a shareholder.

 

Thankyou Mr Coles for giving me some at $39.4783.

 

I will look forward to their divies!

 

Nifty http://www.sharescene.com/html/emoticons/rolleyes.gif

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  • 4 months later...

from CitiSB

 

QUOTE
Coal Covers Interest Costs
Coal price rise cushions higher interest costs - Wesfarmers will benefit from record coal prices over the next 12 months and the gain will more than offset rising interest costs. We lift our FY08e EPS by 1.3% and FY09e by 2.7%, but reduce FY10e by 3.6% given the dilution from the DRP.

Coal price upside - We forecast hard coking coal prices of US$285/t for the 2008 Japanese fiscal year (previous forecast US$200/t). WES has a large exposure to coking coal. While the spike in prices is predominantly a short-term phenomenon, hard coking coal has a more attractive outlook than thermal coal given the barriers to entry and leverage to global industrial production.

Interest costs rising - WES recently issued A$710 million of bonds in the US market at an effective interest cost of 11%. We apply this interest cost to the entire $4 billion to be refinanced by October 2008. While a large jump, the rising interest cost is more than offset by higher coal earnings.

Signs of improvement at Coles - Once the coal price upgrades filter through the market, investor focus will turn to WES' retailing businesses. We expect positive signs in Food & Liquor to emerge over the next 4-6 months. We have received positive feedback from suppliers about improved inventory management and on-shelf product availability, precursors to improving sales.

Our view - We reiterate our Buy / Medium Risk rating on WES and our target price remains $43.00 per share. The turnaround at Coles and Kmart has few structural barriers and will underpin CAGR EPS growth of 12% to FY12e.
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  • 1 month later...

from CitiSB

 

the upside from getting Coles going is substantial over the next decade.

 

QUOTE
Coal price soars - Wesfarmers has finalised its Curragh coal contract prices for the Japanese 2008 Fiscal Year. The company has indicated metallurgical coal prices are up almost 230%. We have a 227% increase embedded within our financial forecasts. However, the consensus increase is only 205%, suggesting upgrades to consensus earnings.

Price rise substantial - Wesfarmers will achieve a hard coking coal price up to US$300/t for JFY08, compared with US$97/t for JFY07. The constraint on supply in Australia combined with offshore supply disruptions have led to the unprecedented coking coal prices.

Earnings implications - While the outcome is close to our forecasts, the consensus coal price increase is only 205%, implying US$20/t upside to the reported settlement. Based on our estimated sensitivity, that would equate to $110-$130 million in additional EBIT, or a 3.0%-3.6% increase in group EBIT.

Coles update - The new MD of Coles, Ian McLeod, will commence on 26 May 2008. There have been a number of recent appointments, including John Durkan, Merchandise Director and Stuart Machin, Operations Director, both with experience in UK grocery retailing. In addition, WES has appointed former Woolworths executive, Peter Pokorny, as GM of Fresh Produce.

Our view - We reiterate our Buy / Medium Risk rating on WES. The company is well positioned for strong earnings growth over the next few years; initially from the boom in coal prices and in the longer term from higher margins in retailing. We believe there are few structural barriers to improving margins.
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  • 1 month later...

WES whacked badly today down 4%+

 

last announcement re Varanus island 25/6/08 - Corporatefile briefing

 

"There are a number of impacts on our profits. At this stage, our best estimate is

that the pre-tax impact on Group profit will be up to $20 million per month at

the current level of gas supply. A portion of that loss is expected to be

recovered from insurance"

 

so what is coming now - a delay past August for gas restoration ???

 

Apache will be getting some big law suits

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