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WDC - Westfield Group

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RichKid

RichKid

PlanYourTrade > TradeYourPlan
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Just saw a mention of WDC and was surprised to see there wasn't a thread on this stock.
I've been trading in and out of this trying to pick the end of what appears to be a very choppy major wave-2, not the advisable thing to do altough you can trade it using traditional TA (support/resistance, triangles etc). We may finally see the end of this congestion, any breakout should be powerful considering how long it's been stuck in this range. There is a breakaway gap at the foot of this recent up leg and a continuation gap just after that. I like the near monopoly status and quality management that they have (not to mention the political clout of Frank Lowy- he can get things done), not the best technical prospect though until it clears resistance.
 
I love WDC!!! :1luvu:

The largest retail property group in the world.

It is not overpriced, pays excellent dividends, is well run, and well liked.

In all seriousness it could be Australia's largest company in the not too distant future.

A great buy and hold for 30 years share!!

Dividends announced in the next week or so as well if you wanna get in. Probably 60 cents a share..
 
Realist said:
I love WDC!!! :1luvu:

The largest retail property group in the world.

It is not overpriced, pays excellent dividends, is well run, and well liked.

In all seriousness it could be Australia's largest company in the not too distant future.

A great buy and hold for 30 years share!!

Dividends announced in the next week or so as well if you wanna get in. Probably 60 cents a share..
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Yeah I like it too, the only thing maybe is the low growth forecasted, less than 5% pa for the next 2 years!

EPS(c) PE Growth
Year Ending 30-12-06 99.8 17.8 -59.7%
Year Ending 30-12-07 105.4 16.9 5.6%

Earnings and Dividends Forecast (cents per share)
2005 2006 2007 2008
EPS 247.6 99.8 105.4 109.8
DPS 106.6 106.6 106.7 111.0

thx

MS
 
WDC is $18.65 today.

And has recently gone ex-dividend, 54.5 cent dividends.

It was $16.40 a couple of months ago. It's up over 17% in 2 months.

NICE!! :D

I'll hold, and hold...
 
Realist said:
WDC is $18.65 today.

And has recently gone ex-dividend, 54.5 cent dividends.

It was $16.40 a couple of months ago. It's up over 17% in 2 months.

NICE!! :D

I'll hold, and hold...
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Yes, Realist. It's doing much better at long last.
And, before you ask, no I didn't sell it. Never planned to until it went ex-dividend anyway.

Julia
 
Julia said:
Yes, Realist. It's doing much better at long last.
And, before you ask, no I didn't sell it. Never planned to until it went ex-dividend anyway.

Julia
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Excellent!!!

And it's up more today!

Keep holding, just another 29 years before you can sell ;)
 
Westfield reports 120% rise in profit
August 29, 2006 - 10:50AM


Shopping centre owner Westfield Group has forecast operational segment earnings growth of six per cent for calendar 2006, and reaffirmed its distribution guidance for the full year.

Westfield reported a 120 per cent rise in first half net profit to $3.376 billion.

The headline result was impacted by a massive boost from $2.695 billion in property revaluations.

Operational segment earnings - a truer reflection of Westfield's performance as it strips out property revaluations - rose 9.4 per cent to $804 million in the first half, on a constant currency basis.

"Operational segment earnings are forecast to grow at approximately six per cent on a constant currency basis for the 2006 financial year," Westfield said.

"This reflects the underlying income growth from the existing portfolio and incremental income from completed developments."

The board reconfirmed its 2006 distribution forecast of 106.5 cents per stapled security.

Total revenues rose 60.2 per cent to $4.659 billion in the six months ended June 30.

"The ability of the group to continue to optimise operational performance, invest both in new assets and into its existing portfolio through redevelopments and, at the same time, efficiently recycle capital, are key ingredients for sustainable value creation," Westfield said.

Westfield said it is continuing to review wholesale fund opportunities, and is in discussions with interested parties about a $2 billion wholesale fund with interests in six Australian regional shopping centres.

Westfield also said the major tenants - including Marks and Spencer, Debenhams and Waitrose - are now committed at the White City project in the UK.

Westfield has 120 shopping centres with a gross value of approximately $56.8 billion, encompassing 22,000 retail outlets.

The board declared an interim distribution of 54.50 cents per security, up 6.7 per cent on the previous corresponding period.
 
Julia said:
Yes, Realist. It's doing much better at long last.
And, before you ask, no I didn't sell it. Never planned to until it went ex-dividend anyway.

Julia
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WDC might be a good sell at 19 or 20? Not much growth left but good yield

Earnings and Dividends Forecast (cents per share)
2005 2006 2007 2008
EPS 247.6 99.6 105.8 109.8
DPS 106.6 106.5 106.9 110.3

thx

MS
 
I just got some WDCNB shares pop up free in my commsec account.

Westfield must have given them for free, wow a nice surprise!! Considering they are $17 each. :D
 
WDC closed @ $20.00 today alltime high with a nice dominant white candle and macd looking good for further short term price growth.
Looking good for next year if those americans keep shopping til they drop.
Kennas a good chart if you have the time - i'm still too computer illiterate.
merry xmas all :)
 
marc1 said:
WDC closed @ $20.00 today alltime high with a nice dominant white candle and macd looking good for further short term price growth.
Looking good for next year if those americans keep shopping til they drop.
Kennas a good chart if you have the time - i'm still too computer illiterate.
merry xmas all :)
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It's been a good hold for a long time and should probably keep generally going up. Commercial property seems to be going ok. Must admit I held Westfield America Trust for a couple of years before it became WDC and sold at about $18 earlier in the year as I thought the world was going to implode.....

Chart seems to be divided into 2 since it changed codes with the period up to July this year ranging, but going up. Then, since July, what a great run. I think this was a flight to quality and dividend payers by the market. Overall still going up and up by the look.

There was definate resistance at $19.75 but smashed that today.

As far as where this is going, looks just generally up, but it will be subject to general market conditions, specifically the American consumer continuing to go to shopping malls and maxing out their credit card....Just how long can that last?? Perhaps they need to be buying more malls in the BRICs?

What's next on the cards for WDC? What else can they buy? London? NY?
 

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I have not touch this one more a year. I just bought a few last week, try to milk a few bucks out of it. Today I was out by accident because I never thought it could be up 5% in 10 days! Obviously I am wrong. Anyway, no regret.
 
Mentioned wdc to kennas last week when it went through long term resistance
@ $19.70 , up from $18.90 ish to intra day high today of $21.18. A fair gain for a dividend income stock in what is one of the quietest weeks of the year on the asx.
I pose the question would wdc have a balance sheet that would impress the cashed up barbarians????? Just thinking outloud ! ;)
 
Well, I entered this one today, long position.

Only after a move up to 21.00. Wish me well!

Note the possible intersection of support and trendline at 20.30. The trendline is adjusted to the lowest price action, so may be somewhat askew.

Could be forming a nice sideways channel too. Could be doing a lot of things, but I'm long at the moment with 4 option contracts.

I broke just about every trading rule I have by entering this one today. It is more of an instinctive trade. The stock is cheap compared to recent highs, and is looking oversold. Should have waited for a bounce though.
 

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Worked out well. Got my price, made a nice little profit in just a few days.
Turned into a decent looking trade, complete with a doji-reversal.
 

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WDC has just announced a pro-rata entitlement offer, 2 shares @ $19.50 for every 23 shares held. Record Date is 18th June 7:00pm (next monday).

Seems like a reasonable offer, $1.40 discount under todays close. That said, I'll be offered the princely sum of 3 new shares :banghead:
 
Does anyone know why WDC are in a trading halt today? I heard a rumour that they might be raising more capital? Can anyone confirm?
 
Kieran said:
WDC has just announced a pro-rata entitlement offer, 2 shares @ $19.50 for every 23 shares held. Record Date is 18th June 7:00pm (next monday).

Seems like a reasonable offer, $1.40 discount under todays close. That said, I'll be offered the princely sum of 3 new shares :banghead:
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At recent prices and particularly at the last selling price of $19.99 the offer wasn't all that flash, less than a 50c discount (ie. only around 2.5%) to market price. For this reason, I didn't subscribe.

P.O.D said:
Does anyone why WDC are in a trading halt today? I heard a rumour that might be raising more capital? Can anyone confirm?
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No idea, maybe they have found an alternative means of raising capital, if the previous offer wasn't all that popular. regards YN:rolleyes:
 
they're doing the book build for the offer entitlement - its in the asx announcement - likely to be back on the boards tomorrow...
 
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