Agreed Mike, they did pay too much for Coles by a long way. They bought when debt was seen as a cheap way to grow now it is anathema. This explains why their sp is down from $45 last year to $17 now.
That tells me the market has factored in the downside risks of debt. IMO as long as they can keep rolling over their debt facilities they should be ok. By the time this recession has been ridden out, debt will be back in favour and WES will be bullish, again IMO.
Still some downside before WES goes bullish though.
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 (20min delay)
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Last
$83.10 |
Change
-0.650(0.78%) |
Mkt cap ! $94.26B | |||
| Open | High | Low | Value | Volume |
| $83.80 | $84.31 | $82.94 | $60.23M | 723.1K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 359 | $83.05 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $83.31 | 208 | 1 |
View Market Depth
| Last trade - 16.19pm 22/07/2025 (20 minute delay) ? |
| WES (ASX) Chart |