WES - Wesfarmers Limited

[divs4ever]

WES may well be overpriced in the view of some, but while the punters love this Magnificent WA once owned company the SP will keep tracking up.
My grandfather was an original stakeholder of WAS way back in the very early days when it was a co-op. so the SP of these shares is a pittance compared to the SP of today..

given that i was thrown some COL and the theoretical average of my holding is under $39 , i am NOT unhappy , i just can't see the value of rushing to buy extras .

to be buying more at $70(+ ) i need to see value NOW , not what i saw as attractive in 2018

 

[Value Hunter]

My grandfather was an original stakeholder of WAS way back in the very early days when it was a co-op. so the SP of these shares is a pittance compared to the SP of today..

That is true but also irrelevant to those looking to buy shares today.

 

[farmerge]

That is true but also irrelevant to those looking to buy shares today.

Totally agree I certainly am not looking to buy at $70 odd.
I can't remember the buy in cost for the original as they were gifted to me on my mother's demise but in today's money I suppose it is all relevant.

 

[divs4ever]

That is true but also irrelevant to those looking to buy shares today.

well good luck to those buying now , but i won't be pushing and shoving in that frenzy

now maybe there is a whisper circulating that i haven't heard


i have some , and i won't be rushing to buy more this month

 

[Muschu]

Why the significant downturn today?

 

[Gretsch]

Why the significant downturn today?

Good Question. Sorry I don’t have an answer.

 

[divs4ever]

Why the significant downturn today?

this is SPECULATION ( a wild guess )

1. it is near the end of the month , so possibly some profit-taking

2. the share price has recently been elevated , so MAYBE expectations have not been met

3. maybe some are seeing the WES result as confirmation that the Oz economy is weak ( and not just in the commodity sector ) and moving to downsize their ( stock-market ) exposure

remember the market yesterday closed within 100 points of a record high

 

[farmerge]

well good luck to those buying now , but i won't be pushing and shoving in that frenzy

now maybe there is a whisper circulating that i haven't heard


i have some , and i won't be rushing to buy more this month

If the aging grey matter recalls correctly gg was forecasting $100

 

[divs4ever]

i am terrible at forecasting ( one right and backed by cash in 12 years and incorrect with more than 250 stocks )

i just see a big number , work out i am nicely in profit ( when that is so ) and seriously consider taking some/all cash off the table

now IF WES broke the $100 barrier that would be a time i would seriously consider ....

if GG gets one in ten correct he is doing much better than me

 

[sptrawler]

Totally agree I certainly am not looking to buy at $70 odd.
I can't remember the buy in cost for the original as they were gifted to me on my mother's demise but in today's money I suppose it is all relevant.

Back in the day, the farmers weren't that happy getting shares, when they listed, so two companies were formed, Westfarmers and Franked income fund, eventualy it was rationalised and WES bought out Franked.

Just adding to that WES initially was looking for growth, but some farmers just wanted dividends not so much capital gains, that's why two companies were formed a bit like Alcoa and Alumina.

When the GFC happened WES was a good pick up at $12, but Macquarie bank was also a good pick up at $15.
What I've learnt is, once in a lifetime events happen about every 10 _ 15 years, so don't get too stressed, we are due one soon IMO. Lol

 

[divs4ever]

You don't get more blue chip than Wesfarmers, but does it deserve a spot in your portfolio?​

You don't get more blue chip than Wesfarmers, but does it deserve a spot in your portfolio?

Wesfarmers appears to have delivered another strong performance in FY24. We asked an expert whether the blue chip is a buy, hold, or sell.

www.livewiremarkets.com

i hold WES ( initially bought into in 2015 , and cautiously averaged down since then )

actually i swapped a then over-priced Blackmores into WES to get there ( one Blackmores into 3 (+ ) WES

 

[sptrawler]

You don't get more blue chip than Wesfarmers, but does it deserve a spot in your portfolio?​

You don't get more blue chip than Wesfarmers, but does it deserve a spot in your portfolio?

Wesfarmers appears to have delivered another strong performance in FY24. We asked an expert whether the blue chip is a buy, hold, or sell.

www.livewiremarkets.com

i hold WES ( initially bought into in 2015 , and cautiously averaged down since then )

actually i swapped a then over-priced Blackmores into WES to get there ( one Blackmores into 3 (+ ) WES

I hold WES outside the SMSF, initially I had Franked Income Fund.
When we pass away, someone will have a hell of a job on their hands to work out the sums on that baby. Lol

 

[divs4ever]

currently WES is my second largest holding ( battling with MQG , for that spot ) behind PME clearly at No. 1

but of the 3 WES has all the cash risk ( the other two are 100% profits running )



if someone gets my estate .. the only thing that matters is the transaction fees to transfer ( or sell ) when the dust settles

( that is how i looked at my inheritance x transactions @ $55 each in transfer fees )

 

[Garpal Gumnut]

WES is one of my picks @debtfree in the 2024 competition and appears to have had some selling over the last week but generally has been appreciating in value this year. A WA jewel now based in Melbourne.

gg

 

[farmerge]

WES is one of my picks @debtfree in the 2024 competition and appears to have had some selling over the last week but generally has been appreciating in value this year. A WA jewel now based in Melbourne.

View attachment 183491

gg

Yes gg sadly relocated to the Debt State .
My late grandfather will be rolling over in his grave over that move.

 

[Dona Ferentes]

and a few tweaks for the biggest component of WES, and hoping to push growth higher than the low single digits.

"Beyond the populist silliness over price-gouging, Bunnings boss Mike Schneider has a growth challenge on his hands. Here’s how he plans to solve it,

1. Bunnings will get back into basic automotive products, a category it carried when the warehouse format was launched in 1994. Schneider says Bunnings’ purchase of Beaumont Tiles has allowed it to downsize the range of tiles it carries, creating space for the automotive range. He emphasises that the chain will not attempt to match the depth of choice carried by the likes of Repco and Supercheap Auto.

2. Schneider is also pushing sales of chargers and cabling for electric vehicles as their take-up surges across the country. Specialist equipment can be expensive, and he sees a gap to offer a range of more affordable options.

3. Bunnings is rolling out a refreshed format for its tool shops, which typically lie at the heart of the store. Schneider says this will make it easier for customers to shop by brand, something that has become more popular with the advent of tool “platforms” that use common lithium batteries. About 50 of the new format shops will be rolled out by Christmas.

4. Schneider wants to tweak the format of rural and regional stores to better match what shoppers in those areas want. Again, Bunnings won’t try to compete with specialists such as Elders, but adding more products in areas like water storage, feed storage and fencing makes sense.

5. In what Bunnings broadly calls assisted living; the business has recently become accredited under the National Disability Insurance Scheme, which should help accelerate sales of products used in the modification of buildings for disabled or elderly consumers.

6. And to drive growth by improving the use of space at Bunnings’ small format stores, which typically occupy between 2000 and 6000 square metres, compared with giant warehouse stores that can be up to 20,000 square metres. They will look to narrow the range in these stores, to sell more of the stuff that shoppers in those areas want. Schneider gives the example of selling the two best-selling types of potting mix rather than offering five different options, thereby making the floor space more productive.

 

[IFocus]

and a few tweaks for the biggest component of WES, and hoping to push growth higher than the low single digits.



3. Bunnings is rolling out a refreshed format for its tool shops, which typically lie at the heart of the store. Schneider says this will make it easier for customers to shop by brand, something that has become more popular with the advent of tool “platforms” that use common lithium batteries. About 50 of the new format shops will be rolled out by Christmas.

Heard a bloke say in Bunnings the other day the tool shop was actually his sex shop

 

[farmerge]

WES Wesfarmers Limited no 1 pick for me in the Comp.
Sadly the SP has dipped somewhat in this month, but I for one am not losing sleep on that.
A strong structured company that is worth having in any portfolio.
Another definite hold.

 

[Garpal Gumnut]

WES Wesfarmers Limited no 1 pick for me in the Comp.
Sadly the SP has dipped somewhat in this month, but I for one am not losing sleep on that.
A strong structured company that is worth having in any portfolio.
Another definite hold.

WES is one of my picks in the Y24 Comp @debtfree and I too sold it during the year, but am looking at getting back in. I was in Bunnings yesterday and they seemed more organised than a few months ago. It's called Fundamental Analysis. !

Let us hope it is onwards and upwards should I buy back in.

It is ranging so it may go up ... or down.

gg

 

[Garpal Gumnut]

WES is one of my picks in the Y24 Comp @debtfree and I sold it during the year.

I am looking at getting back in. and WES is showing some signs of weakness at last. I'll not be greedy and buy in around $60. I haad predicted it would get to $100 this calendar year. this seems optimistic atm.

A chart.

gg