WES - Wesfarmers Limited

[Bill M]

Re: Wesfarmers WES (Renounceable)

I would apreciate members opinions regarding this issue,
as to whether to attempt to obtain more than my allotment
at $13.50 as against Fridays close of well above $15.00

There is another way of tackling this. Lets say you don't want anymore WES shares, what you can do is sell some of current holdings at $16 on market and then with the proceeds buy your new stock for $13.50. You might lose the lousy 50c dividend but you still come out $2 a share in front.

Not advice but just another way attacking the issue and benefiting. Oh and yes I am going to take all my issues, good luck.

 

[rodmel]

Sorry SKC and others I will be more careful as to how I phrase a question but many thanks for your input

 

[Bill M]

Just a quick reminder to all WES holders, you have until 5 PM on Monday 23rd to take up your rights issues at $13.50

That means you must BPay Friday (or earlier depending on your bank) to get these.

Today they are trading at about $16.50, that makes it a $3 difference that could work in your favour should you wish to sell, good luck to all WES holders.

Not a recommendation, just a reminder.

 

[Bluebeard]

I havent really followed Wesfarmers, I had a quick look before the Coles Transaction, so for people following this stock, Is Wesfarmers going to become a retailer or will they hold onto all there other divisions such as chemicals and fertilisers etc etc.

 

[Judd]

That means you must BPay Friday (or earlier depending on your bank) to get these.

A small correction Bill M, under the BPay terms and conditions, as long as you make a payment before your financial institution's cut-off time (this is the time at the end of the business banking day when you need to make a payment by for it to be processed overnight), the biller will acknowledge the payment as having been made that day and should process the payment the next banking business day.

http://www.bpay.com.au/consumers/bpay/bpay_qa.aspx#qa130

So you can still make payment via BPay on 23/2 and the biller (Wesfarmers) is required to accept it as having been received on that day.

But I'd make payment the business day before just to be safe.

 

[Bill M]

I havent really followed Wesfarmers, I had a quick look before the Coles Transaction, so for people following this stock, Is Wesfarmers going to become a retailer or will they hold onto all there other divisions such as chemicals and fertilisers etc etc.

Hello Bluebeard, at the moment WES is hanging on to everything and have no intentions on selling anything as far as I know.

The capital raising has reduced their gearing by about 33% and now the share price is on the rise from extreme horrible lows.

I personally think this is a great company and I continue to build on my original shares, particularly when they offer me new ones through the rights issue at a substantial discount to the market.

There are 3 big negatives, coal prices are going down, too much debt and Coles is dragging the chain and needs a major turn around.

The only decision here is can they achieve the turn around? I think they can and I will hold for the long term. Good Luck with your decisions.

 

[Bill M]

http://www.bpay.com.au/consumers/bpay/bpay_qa.aspx#qa130

So you can still make payment via BPay on 23/2 and the biller (Wesfarmers) is required to accept it as having been received on that day.

But I'd make payment the business day before just to be safe.

Thanks, I didn't know that. The funny thing is that my Super fund accepts my BPay deposits on the day of my transfer but my index fund accepts it the next business day. As you say best get it in a day early, I wish they were all consistent.

 

[UMike]

Thanks, I didn't know that. The funny thing is that my Super fund accepts my BPay deposits on the day of my transfer but my index fund accepts it the next business day. As you say best get it in a day early, I wish they were all consistent.

Did mine yesterday just in case.

WES up to $17.69 now on a down all Ords day.

In for the long term on this one.

 

[bellenuit]

Terms of scaleback of additionally requested shares in retail offer announced:

Subscriptions for additional shares will get the GREATER OF:

1000 shares or
3 Times Shareholders Original Entitlement under the Offer

They expect 95% of those who applied for additional shares to get the full amount applied for.

60% took up entitlement. $1.5B raised from entitled shares and $0.3B from additional shares. Additional shares to be scaled back to $0.2B, meaning total proceeds from the retail offer will be $1.7B

 

[UMike]

Good. I got my extras


Should of applied for more eh?

At least the divi is already in the bag.

 

[freebird54]

WES ENTITLEMENT WITH COMSEC

Anyone find their mates sold a day sooner than they could with comsec?

Also anyone wondering who is earning the interest on the millions someone is holding for those who oversubscribed? - they are holding more than a years income of mine

 

[nomore4s]

Nice breakout today of the trading range. Target of around $23.00 but would like to see some consolidation zones on the way up indicating the bottom could be in.

 

[Sean K]

Nice breakout today of the trading range. Target of around $23.00 but would like to see some consolidation zones on the way up indicating the bottom could be in.

Yep, looks very good. Have to assume a bottom in place by the chart. So many looking like this makes me think the bottom is in.

Bouncing off the previous resistance should make it support.

Should....

 

[johannlo]

What do you guys think of buying in at current prices?

Is the SPP recovery going to hold and I guess the million dollar question will the overall economic outlook keep rising in spite of some dodgy fundamental stats still coming out esp. US markets

 

[UMike]

What do you guys think of buying in at current prices?

Is the SPP recovery going to hold and I guess the million dollar question will the overall economic outlook keep rising in spite of some dodgy fundamental stats still coming out esp. US markets

Dunno If I can help you, but, my take on them after buying in at $27.5 was to keep buying (2 more lots) as they dropped and as much as I could at the $13.50 allocation.
I've since sold the first 2 lots. at $19 and on Monday @ $23.75.

Holding the rest (over half of the total bought). If it goes to $28.5 I'll sell some. If it goes to ~$20. I'll buy some based on the events at the time.

No real urgency either way atm. jmo.

 

[Sean K]

WES looks like it would have been a nice pick up off that bottom. Like a few stocks I suppose making 50-100% ish gains. Been sideways for the past couple of months but making some higher lows and hitting this general resistance area. Potential break up perhaps.

 

[haunting]

** WES is rebounding with a bit of oomph this morning, worth a look for either a short term trade or for longer term position play. It is also a divi play, usually going ex around this time of the year. Attached are the longer term daily chart showing the rebound at support, and a 10-min chart showing short term swing, 25.50 will be about 50% fibo retracement from the recent low.

** holding a small position.

 

[jono_oz]

Hmmmmm QBE profit jumps 14% and the shares jump 7% .......

WES profit jumps 45% and its shares drop 4.5%.... hehehe I guess the share market is definately not logical in any way.

 

[oldblue]

Hmmmmm QBE profit jumps 14% and the shares jump 7% .......

WES profit jumps 45% and its shares drop 4.5%.... hehehe I guess the share market is definately not logical in any way.

It's all to do do with meeting expectations or not meeting them or exceeding them.

WES didn't and QBE did.

 

[ROE]

Hmmmmm QBE profit jumps 14% and the shares jump 7% .......

WES profit jumps 45% and its shares drop 4.5%.... hehehe I guess the share market is definately not logical in any way.

All spins, the result is crab ..

$861M EBIT for Coles, that is a shocker you pay $16B odds for it
and you get 861 EBIT ..that 18 times EBIT, if you take out the Interest and Tax that goes something like 20-25 times Earning

they just waste a whole lot of money on Coles ...

if Coles cant growth 15% a year it's a lost cause