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WES - Wesfarmers Limited

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Garpal Gumnut said:
I am told QAN have no cash.

WES were cashed up to the nines even before this bug hit. Selling down more COL is icing on cake.

IF WES directors get the nod from the Feds they will be in like Flynn imo.
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Can't see it. Somehow the WES process, with strict Rates of Return parameters. Rob Scott, new honcho, seems more focused on emerging industries. IT and software solutions for supply chains (Catch, Bunnings on-line) or efficiencies (Kidman Transaction Rationale
• Global uptake of electric vehicles presents an attractive opportunity
• Investment in a globally significant, high-grade lithium project
• Opportunity to leverage Wesfarmers’ expertise & capabilities in chemical processing
• Partnership with an industry leader)Of course the company missed out on Lynas

Reflecting on WES 'style', from april 2019 https://www.afr.com/companies/manuf...ott-and-his-m-and-a-war-chest-20190331-p519aa
 
Good points, O Greek one.

May not occur now when everyone is watching.

May occur when ROI is a given. At the bottom.

One or two trojan horses from WES in QAN as we speak.

gg
 
What they should do is pay down some of the debt with the cash, but that sort of responsible capital allocation is unlikely.
 
Didn't these guys overpay badly for Coles in the first place? What's to say the cash burning a hole in their pockets is going to be used wisely this time?
 
Wesfarmers is sitting on more than $2bn in cash following the partial sell down of its stake in Coles; speaking at a Macquarie conference, CEO Rob Scott said it would look to invest in online.
Mr Scott said he expected more significant online investments to be made in its Bunnings, Kmart and Catch businesses, where "the online marketplace was already finding capacity constraints at its distribution centres. "
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but no mention of Target !!
 
Dona Ferentes said:
Wesfarmers is sitting on more than $2bn in cash following the partial sell down of its stake in Coles; speaking at a Macquarie conference, CEO Rob Scott said it would look to invest in online. but no mention of Target !!
Click to expand...
Target has been factored in to the accounts as far as I know, or will be.

The Cloud investing opportunity was not one I was aware of.

gg
 
Garpal Gumnut said:
Target has been factored in to the accounts as far as I know, or will be.

The Cloud investing opportunity was not one I was aware of.

gg
Click to expand...
Wesfarmers was also learning new digital skills from its recent acquisition of Catch.

“We have seen very strong growth in sales in the Catch marketplace and we have also learnt a lot about the digital experience within the Catch business that we have been able to roll out in some of our other businesses,’’ Rob Scott said.
 
I do wish WES would retrace to $40 or break up through $50 so that I can add to my holdings.

Where are Pete Evans, Qanon, assorted Witches and Sovereign Citizens to disrupt the sausage sizzle at Bunnings when one needs them.

In the old days cooks, jesters and wizards were traded as chattels between people of worth. Now they are spoken to nicely by the constabulary.

A chart at 12.51 pm .



gg
 
Well 2021 beckons and I for one am looking forward to it. WES is one of the cornerstones of my SMSF.

It's a value company all cashed up and the long term trend is up.

I'm trusting it cracks $100 before this time next year.

gg
 
Garpal Gumnut said:
It's a value company all cashed up and the long term trend is up.

I'm trusting it cracks $100 before this time next year.
Click to expand...
and heading in the right direction, going in to reporting season. WES has been remarkably quiet on the deployment of the war chest from selling down Coles . (Incidentally COL + WES is well over $70; WOW doing well too)

Maybe the price action is for the rerating as a Lithium company?

Three year chart


(HOLD, both SMSF and own name)
 
It will be interesting to see if they have a target, for all their cash.

I do hold.
 
Wesfarmers Limited (ASX: WES) today announced the joint approval, together with Sociedad Quimica y Minera de Chile S.A. (SQM), of the final investment decision for the Mt Holland lithium project, and committed initial funding. Full funding will be committed upon receiving environmental approvals for the Kwinana refinery, which are anticipated in early FY2022.


(WES reports tomorrow; Hold)
 
I don't blame them for taking their time, thats a lot of money..
Wesfarmers share of capital expenditure for the development of the project is estimated at approximately $950 million.
 
The refinery is interesting, there already is a lithium hydroxide refinery 90% complete at Kwinana.
Is Wes talking of a second refinery? If so that really will give the Kwinana industrial strip a shot in the arm.
 
sptrawler said:
The refinery is interesting, there already is a lithium hydroxide refinery 90% complete at Kwinana.
Is Wes talking of a second refinery? If so that really will give the Kwinana industrial strip a shot in the arm.
Click to expand...
it would appear so. .... from 2019

from https://www.covalentlithium.com/refinery .. (being the 50:50 WES/ SQM JV) ... and 2021
... our objective is to produce approximately 45,000 tonnes of lithium hydroxide per year, once our plant has been completed
Click to expand...
 
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