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WES - Wesfarmers Limited

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

Garpal
Click to expand...
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.
 
UMike said:
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.
Click to expand...
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
 
UMike said:
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.
Click to expand...

Sluckingood, closed today a squeeze above $37.

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

Garpal
 
Garpal Gumnut said:
Sluckingood, closed today a squeeze above $37.

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

Garpal
Click to expand...
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.
 
UMike said:
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.
Click to expand...

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
 
Garpal Gumnut said:
My left brain tells me a stock is never up when it ends down, div or no div.
Click to expand...

Something tells me we'd all like to keep the dividend AND yesterdays share price .
 
theasxgorilla said:
Something tells me we'd all like to keep the dividend AND yesterdays share price .
Click to expand...

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
 
UMike said:
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.
Click to expand...

Dear UMike,

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

Garpal
 
Garpal Gumnut said:
Dear UMike,

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

Garpal
Click to expand...
Didn't go close.

Although it had a great recovery.
 
Garpal Gumnut said:
Dear UMike,

Have you got your order in for $35.10??

Garpal
Click to expand...
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.
 
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)
 

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

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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?
 
noirua said:
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?
Click to expand...
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.
 
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.
 
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?
 
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??
 
Re: WES surprise the market?

ROE said:
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??
Click to expand...


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