This is an example of how stupid these venture capitalist are, when it comes to take overs, who in their right mind would invest in retail on the brink of a global recession.
Coles prices are rising and some how they think this is more competitive, it looks like this company is riding on assets instead of managing them. WES is looking like adelaide steam ship more ever day full of assets that will in the long term become unmanageable.
Bunnings only survives through brute force, they made paint suppliers take back millions in paint they couldnt sell 2yrs ago, but these are the things you dont hear. Bunnings is unchallaged by suppliers because they have buying power which gives them the ability to intimidate.
There is no place for these type of nasty little operators in Australia.
a sinking ship
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Last
$66.85 |
Change
-0.670(0.99%) |
Mkt cap ! $75.81B | |||
| Open | High | Low | Value | Volume |
| $67.67 | $68.18 | $66.85 | $343.6M | 5.198M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 100 | $66.84 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $66.97 | 1578 | 1 |
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| Last trade - 16.10pm 21/06/2024 (20 minute delay) ? |
| WES (ASX) Chart |