WES 2.75% $68.31 wesfarmers limited

pardon my ignorance- but i have my sights set on purchasing a...

  1. 5,760 Posts.
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    pardon my ignorance- but i have my sights set on purchasing a 'gold nugget' that i can just bury in my top drawer and forget about!

    word on the street is that WES is the future goer.

    now i know that they demerged Coles and are retaining a significant amount nonetheless, but i was wondering about the deal they offered to existing shareholders who may be interested in purchasing once listed.

    OK-if you bought WES prior to ex divvy in August, you would pay around $51.80. you received a measly $1.20FF which is $1.50 gross. so basically, your investment would have tanked in total by 12% including the divvy on today's SP!
    it also seems to be on a very steep descending curve.

    ps-i once stated that this sucker was only worth 40 bucks at best, but heaven forbid, i was only saying that in jest.

    cheers and Merry Xmas-crazypunter
    Last edited by crazypunter: 17/11/18
 
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