Australian (ASX) Stock Market Forum

WES - Wesfarmers Limited

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martaart077 said:
Bit slack on their gender balance
Click to expand...
do you want diversity or quality ?

hiring a suitably skilled/qualified can be rather difficult they are in a fair amount of demand

we have had decades of 'jobs for the boys ( and rellies ) ' hopefully business is learning to avoid those traps and decreasing nepotism
 
divs4ever said:
do you want diversity or quality ?

hiring a suitably skilled/qualified can be rather difficult they are in a fair amount of demand

we have had decades of 'jobs for the boys ( and rellies ) ' hopefully business is learning to avoid those traps and decreasing nepotism
Click to expand...
Always quality.
It was a tongue-in-cheek remark.

Why are they reporting aboriginals on their books?
Do they get a subsidy for them? How about others.
BS woke company.
 
latest results from WES have been well received
... now at high for year and best since early 2022
Screenshot_20230831-121941_CommSec.jpg
 
I didn't realise WES board were Yes Vote Voice until contacted by another large holder of WES stock today.

It is an interesting question really.

Bud Light redux I hope not.
1694063081547.png


gg
 
martaart077 said:
Always quality.
It was a tongue-in-cheek remark.

Why are they reporting aboriginals on their books?
Do they get a subsidy for them? How about others.
BS woke company.
Click to expand...
oops ! missed the sarcasm

but Woke is the new way to go broke ( especially for BIG companies )

MAYBE they get some subsidy for 'indigenous ' employees but more likely just 'to look good ' in the presentations
 
Garpal Gumnut said:
I didn't realise WES board were Yes Vote Voice until contacted by another large holder of WES stock today.

It is an interesting question really.

Bud Light redux I hope not.
View attachment 162138

gg
Click to expand...
so what is the guts of the question ?

every previous time they did some ground-breaking move to help the aboriginals the aboriginals ended up two steps farther back ( apart from a select few )
 
  • Wesfarmers purchases 65% of Ora Banda Mining’s Davyhurst lithium rights in farm-in deal
  • Davyhurst is adjacent to Olympio’s Mulwarrie lithium project, which is subject to farm-in agreement with Liontown Resources
Through the subsidiary Wesfarmers Chemical, Energy & Fertilisers (WesCEF), it paid $26m cash plus a 2% royalty to acquire 65% of the rights and will form a JV with OBM.

It also has the option to spend $15m on exploration over three years to bump that share up to 80%.

so, who's got the skill-set here?

EDIT so? Are they going after Lithium, getting involved directly, rather than taking out an explorer with projects under development?
 
Dona Ferentes said:
  • Wesfarmers purchases 65% of Ora Banda Mining’s Davyhurst lithium rights in farm-in deal
  • Davyhurst is adjacent to Olympio’s Mulwarrie lithium project, which is subject to farm-in agreement with Liontown Resources
Through the subsidiary Wesfarmers Chemical, Energy & Fertilisers (WesCEF), it paid $26m cash plus a 2% royalty to acquire 65% of the rights and will form a JV with OBM.

It also has the option to spend $15m on exploration over three years to bump that share up to 80%.

so, who's got the skill-set here?
Click to expand...

well they did buy Kidman Resources a while back , maybe there are some suitable ( and available ) people already on the books
 
Ora Banda’s Managing Director, Luke Creagh, said:
“The Davyhurst tenement package is very large and has never had any sustained or modern exploration programs given its disjointed and under-capitalised historical ownership. Although we have had encouraging early stage lithium results, Ora Banda is a gold focused company and given the underexplored nature and size of this belt, we expect it would take many years to do it justice for other minerals.

“We are very excited by this transaction as WesCEF is a high calibre strategic partner who has the technical expertise and capability to unlock the belt for minerals that are non-core to Ora Banda. The WesCEF team that will work on this tenement package has a track record of success as they discovered and are helping deliver the Mt Holland Lithium Project.
 
WES has been a cornerstone of my SMSF for many years and is a good solid stock. It is now quite the conglomerate. It is also one of my picks in the 2024 Competition.

Bunnings gives WES the cash. It has also managed over the years to accumulate good businesses and mining enterprises as well. These have not alone added value but now seem to be on the cusp of providing even more dividends to the group. This should come on board this year and next and it is already showing in the price. Originally a WA farming co-operative it had recently, it said due to covid, moved its board and management to Melbourne which seems to not have affected the company.

It does appear to have lived a charmed life having survived, it must be a decade or so ago now, an ill advised move in to the UK. Other than providing the board with an excuse to go shopping at Harrods it seemed not to have been driven by any understanding of the types of pot and fertiliser pommies like to munch upon. WES learnt a lesson.

Much of WES success has been attributed to the wisdom of the Chairman, Richard Goyder. Young Mr. Goyder however has had his under feathers and bits quite severely burnt recently from his board association with QAN and the Leprechaun at QAN of which he remains Chairman for a further year.

WES seems to have had a charmed life bar the UK venture but one does not like to see a dropped ball. Let us hope there is better succession planning in place at WES than was the case at QAN. It is the perfect conglomerate with wisely chosen investments, good governace and management, steady income streams and a steady rise in price. A rise from $57 today this year to $65 will see WES hit its all time highs and is achievable.


wes.png

gg
 
Garpal Gumnut said:
WES has been a cornerstone of my SMSF for many years and is a good solid stock. It is now quite the conglomerate. It is also one of my picks in the 2024 Competition.

Bunnings gives WES the cash. It has also managed over the years to accumulate good businesses and mining enterprises as well. These have not alone added value but now seem to be on the cusp of providing even more dividends to the group. This should come on board this year and next and it is already showing in the price. Originally a WA farming co-operative it had recently, it said due to covid, moved its board and management to Melbourne which seems to not have affected the company.

It does appear to have lived a charmed life having survived, it must be a decade or so ago now, an ill advised move in to the UK. Other than providing the board with an excuse to go shopping at Harrods it seemed not to have been driven by any understanding of the types of pot and fertiliser pommies like to munch upon. WES learnt a lesson.

Much of WES success has been attributed to the wisdom of the Chairman, Richard Goyder. Young Mr. Goyder however has had his under feathers and bits quite severely burnt recently from his board association with QAN and the Leprechaun at QAN of which he remains Chairman for a further year.

WES seems to have had a charmed life bar the UK venture but one does not like to see a dropped ball. Let us hope there is better succession planning in place at WES than was the case at QAN. It is the perfect conglomerate with wisely chosen investments, good governace and management, steady income streams and a steady rise in price. A rise from $57 today this year to $65 will see WES hit its all time highs and is achievable.


View attachment 168114

gg
Click to expand...
well a bunch of angry farmers can be rather blunt ( unlike those totally intimidated airline passengers )

but yes WES has done rather well considering it has put COL out there to fend for itself

BTW the main reason i added added WES after the COL spin-off was in case WES decided to monetize Office-Works either as a stand-alone REIT ( ala BWP ) or a complete demerger

where to next i wonder
 

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