WES - Wesfarmers Limited

[Garpal Gumnut]

Sorry I lost all my data due to a computer crash this week, I just had a look at WES on Comsec charts. The next support is $37 and then it is air to $35. I think Ill put an order in around there.

Garpal

 

[UMike]

as Pauline said "Please Explain" not that I disagree , but this is a forum of ideas not statements.

Garpal

More a feeling than anything factual.
But some could be.....
1. Takeover rumors.
2. Strong sound business.
3. Strong cashflows.

Mate if it gets to $35, I'd have bought a large parcell at $35.01.

 

[Garpal Gumnut]

More a feeling than anything factual.
But some could be.....
1. Takeover rumors.
2. Strong sound business.
3. Strong cashflows.

Mate if it gets to $35, I'd have bought a large parcel at $35.01.

feel.,

I'd accumulate at or slightly above $35 but feel it will take off on t/o news or just good management before then.

thanks for your ideas and opinions.

Garpal

 

[Garpal Gumnut]

More a feeling than anything factual.
But some could be.....
1. Takeover rumors.
2. Strong sound business.
3. Strong cashflows.

Mate if it gets to $35, I'd have bought a large parcell at $35.01.

Sluckingood, closed today a squeeze above $37.

Just loading my data tomorrow, let me know what you think?

Garpal

 

[UMike]

Sluckingood, closed today a squeeze above $37.

Just loading my data tomorrow, let me know what you think?

Garpal

You do know they went Ex dividend.

They ended up 85 cents down. I believe the dividend was 85 cents with franking so really the stock was up today.

 

[Garpal Gumnut]

You do know they went Ex dividend.

They ended up 85 cents down. I believe the dividend was 85 cents with franking so really the stock was up today.

Dear UMike,

My left brain tells me a stock is never up when it ends down, div or no div.

Lets wait and see. You may be right though.

If not, lets get our orders in for $35.01

Garpal

 

[theasxgorilla]

My left brain tells me a stock is never up when it ends down, div or no div.

Something tells me we'd all like to keep the dividend AND yesterdays share price .

 

[Garpal Gumnut]

Something tells me we'd all like to keep the dividend AND yesterdays share price .

Dear Gorilla,

Something tells me this sob is a $54 stock. I've got no evidence for this. There are talks of t/o. Its a complex well run show. Technically it is in a trading range.
I'm not dewey eyed about it, I'll accumulate at $35, sell at $29 and smile at $42+.

Garpal

 

[Garpal Gumnut]

More a feeling than anything factual.
But some could be.....
1. Takeover rumors.
2. Strong sound business.
3. Strong cashflows.

Mate if it gets to $35, I'd have bought a large parcell at $35.01.

Dear UMike,

I reckon it will get to $35, not that todays action would have anything to do with it!!

Garpal

 

[UMike]

Dear UMike,

I reckon it will get to $35, not that todays action would have anything to do with it!!

Garpal

Didn't go close.

Although it had a great recovery.

 

[Garpal Gumnut]

Didn't go close.

Although it had a great recovery.

Dear UMike,

Have you got your order in for $35.10??

Garpal

 

[UMike]

Dear UMike,

Have you got your order in for $35.10??

Garpal

35.01

Fully Invested. If CBH gose up a fair margin and WES stays about where it is I might go for it.

I gotta find out why WES is dropping a disproportional amount before jumping in.

I have previously held WES and did very well outta them.

 

[Sean K]

If the market stabilises then WES should still be breaking up from down trend established from Jul 05. On the way back up, even more resistance at $40.00 now.

(not holding, yet)

 

[Sean K]

Still broken up from long term downwards movement. Respected support lines. Interesting to compare to above post. Going as expected so far.

 

[noirua]

Hi kennas, All I want is a decision to break the company up as this choppy sideways trend seems to be going nowhere. Maybe, the chartists have spotted something I can't see?

 

[Sean K]

Hi kennas, All I want is a decision to break the company up as this choppy sideways trend seems to be going nowhere. Maybe, the chartists have spotted something I can't see?

It's gotta be on the list of KKR et al you'd think. Volume might be an indicator for that....Can't see it yet.

 

[doctorj]

http://www.news.com.au/business/story/0,23636,21492615-462,00.html

Wesfarmers, in a consortium with MBL have taken a 10-15% in Coles Group.

This just does my head in. Obviously, WES has shown its capabilities in retailing with the success of Bunnings, but will these skills translate to success in food? To my mind, this is a big step for WES and will be a big challenge. Most lucrative of all the elements of a food retailer is their fresh produce range which is far more challenging (ie. it has a very limited shelf life) than hawking nuts & bolts to home reno junkies.

That said, food & booze is a defensive industry and as such fits in well with the WES business model.

Let me say again, this just does my head in - I'll have to think this through much more. I like it, but it does have the potential to make or break WES.

 

[56gsa]

perhaps they'll sell off the fresh produce and keep the liquor arm which will be merged with bunnings so you can have a beer while contemplating what colour shovel you'll buy?

 

[ROE]

WES surprise the market?

I was surprise by WES bid for Coles, anyone else got caught up by it?

Man WES is in trading halt and last check there is a bid in for $45?? what the??

 

[noirua]

Re: WES surprise the market?

I was surprise by WES bid for Coles, anyone else got caught up by it?

Man WES is in trading halt and last check there is a bid in for $45?? what the??

Hi, Something interesting is happening to WES at last. Worth a lot more in pieces are Wesfarmers.