Australian (ASX) Stock Market Forum

WDC - Westfield Group

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Re: WDC-halted bradford $700m project

So_Cynical said:
The whole property sector is really getting hammered now, cant help but
think there's a great opportunity in the making. :luigi:
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I agree with you and entered the stock for the first time yesterday.

I can see them buying some distressed sales in the near term and with their balance sheet strength they should be able to get debt rather than going to the market for the money which imo will be a positive.
 
Re: WDC-halted bradford $700m project

Real1ty said:
I agree with you and entered the stock for the first time yesterday.
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My post that u quoted was dated 9th-March-2009...pretty much the March
Bottom, the whole property sector was about 10 >12% lower than it is now.

Have noticed the sector turning down again over the last 7 or 8 days...good
luck with your WDC holding.
 
Does any one know why wdc suddenly on the 7th of may lost 4 percent %

Is it to do with xpj

thanks in advance !

Prem
 
From what I know WDC have scaled back their development side to about 2 projects. I know that they are looking for some acquisitions and partial stakes in existing developements.

There is a lot pending, but its all on hold atm.
 
:)
I notice Westfield shares went up today to around $11.38. I also noticed some very big buys. Anyone know why?
 
Is any one following WDC ?

What is the ST forecast for charts ?

Is Frank Lowey still interested to provide shareholders return as he has cut off or frozen his salary and so for his snr executives and spending too much time on games :confused:

Probably it is the time for him to pass the baton for people who has time to look after business and he can be greatest philanthropist . Not every one is Queen not ready to pass the thorne until drop dead :)
 
It came up as a sell earlier this month and that's playing out at the moment.
I am not in any position and I am certainly not qualified to say what it will do but if it follows the rules there is a possibility of more downside to go.
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Boggo said:
It came up as a sell earlier this month and that's playing out at the moment.
I am not in any position and I am certainly not qualified to say what it will do but if it follows the rules there is a possibility of more downside to go.
.
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Thanks Boggo
It will be very interesting to see today what happens to WDC as I am looking forward to buy at decline
 
WDC would be my best pick of all property trust
Decent balance sheet, good cash flow, nice payout
exceptional mall locations :D when i like something i buy it :) at $10.50
 
WDC - Dividends?

WDC usually have their dividends middle of February and August. I just thought middle of August is coming in just under three weeks and there hasn't any prior announcement or an ex-date set.

What are the chances they're not having dividends next month? Just wondering. I would imagine they'd have two dividends twice a year.

Thanks!
 
Charlie Aitken is saying this is the one on the ASX 50 to go for... he is pretty bullish often though...

Anyone got any thoughts as to how likely it is they will issue fresh equity to further strengthen balance sheet?

The way these things have been working lately imm thinking its worth geting as small parcel of shares in good companies likely to issue equity and then make a tidy profit!
 
I like Charlie Aitken's views.

Whether or not a company undergoes a capital raising is a process of gambling/speculation and anything is possible. I may not have extensive knowledge of the company but I know at least that Westfield has a low gearing ratio (<40%?), theoretically lessening the chance of such an event. You however have to be in it to win it.

I am also aware that the estimated distribution for this half is 47c with an ex-date of Tuesday 11th August.
 
Re: WDC - Dividends?

ultimacuraga said:
WDC usually have their dividends middle of February and August. I just thought middle of August is coming in just under three weeks and there hasn't any prior announcement or an ex-date set.

What are the chances they're not having dividends next month? Just wondering. I would imagine they'd have two dividends twice a year.

Thanks!
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Westfield announces it's dividends in early Aug/Feb a few weeks prior to profit announcements at the end of Aug/Feb each year.

This is a throwback to the days when Westfield Trust and Westfield America trust were seperate entities from Westfield Holdings. The two trusts then used to announce their distributions/profits early in Aug/Feb each year and pay at the end of the above months as is the case now.

As for capital management it will be interesting to see what the Lowy's do. One thought that comes to my mind is a large capital raising or rights issue (RIO style) to build a warchest for aquisitions.

On the other hand though what if they take a dim view on the US's long term economic prospects and retail there inparticular. They have in the past demonstrated a willingness to sell when they consider appropriate.
 
WDC has been extremely fustrating these last few days. All ords and 200 have been going fantastic yet westfield has been in free fall :( grrrrrrrrrr
the dividend is about the only thing worth hanging onto here. Hopefully it turns a corner soon and some positivity comes in. Im not sure when this down move will end but surely it has to stop at 11.65 ish as good support is there.
 
supermatt said:
WDC has been extremely fustrating these last few days. All ords and 200 have been going fantastic yet westfield has been in free fall :( grrrrrrrrrr
the dividend is about the only thing worth hanging onto here. Hopefully it turns a corner soon and some positivity comes in. Im not sure when this down move will end but surely it has to stop at 11.65 ish as good support is there.
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I Hope they keep falling.

Why would you want them to go up, My average buy price is $11.79, But if I saw them at $9 I would be cheering. The lower you can buy them for the better the dividend.

Unless your already sitting on a share portfolio of $1m or more why would you want shares to increase in price.

If your young and in the accumulation phase, then low prices is what you want.

I think it is frustrating putting $10,000 into a company and planning on building up a decent position over a few months only to have it double in value before you get a decent holding.

Bring back the bad old days of 6 months ago.
 
Tysonboss1 said:
The lower you can buy them for the better the dividend.
......
If your young and in the accumulation phase, then low prices is what you want.
......
I think it is frustrating putting $10,000 into a company and planning on building up a decent position over a few months only to have it double in value before you get a decent holding.
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That's an exceptionally interesting view! I'm also 'young and in the accumulation phase' so I agree with what you're saying. I initially got into WDC at about $21 but my average is below $15 thanks to a purchase or two on market, DRP issues and rights issues.

With long term investment in mind, the only time you'd want the share price to be high is when you want to sell. For me that should be many many years away.
 
WDC has suspended their DRP, Woo Hoo :), this along with dividends being cut back to 60% of free cash flow as announced last year should see some good balance sheet strentgh building.

Now lets get a longterm share buy back plan started.
 
Tysonboss1 said:
WDC has suspended their DRP, Woo Hoo :), this along with dividends being cut back to 60% of free cash flow as announced last year should see some good balance sheet strentgh building.

Now lets get a long term share buy back plan started.
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That's gota be a positive for the SP...i don't hold Westfield but have exposure to it via my holding in the SLF Fund....i reckon there's still good value in the property sector.
 
So_Cynical said:
That's gota be a positive for the SP...i don't hold Westfield but have exposure to it via my holding in the SLF Fund....i reckon there's still good value in the property sector.
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Most of them (REIT's) are trading at significant discounts to net tangible assets. However their yields have all been severely diluted over the last year.
 
So_Cynical said:
That's gota be a positive for the SP...i don't hold Westfield but have exposure to it via my holding in the SLF Fund....i reckon there's still good value in the property sector.
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Their share price is showing some real strengh, most of this would just be due to the 47c dividend announcement, So I think there will be some weakness once they hit ex dividend date.

At the moment WDC is my largest holding, as always I am not banking a quick return, But I think WDC will deliver great returns as their share price gradually returns to a level that better reflects their value combined with the growth as they complete their development pipeline projects and retain cashflow to finance the growth and reduce debt.
 
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