Bunnings are opening another 11 stores fairly soon. Expanding outlet numbers usually results in profit gains as overheads are generally static... but each new additional store produces diminishing return on the initial investment... as eventually the mkt is flooded. I am unsure what margins Bunnings generates but (from memory) is about 14% of total WES revenue. Coles is by far largest part of WES empire.
disclaimer: remain short in WES but looking to close out 28-28.30 range.
bunnings, page-7
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Last
$70.31 |
Change
0.500(0.72%) |
Mkt cap ! $79.75B | |||
| Open | High | Low | Value | Volume |
| $69.75 | $70.44 | $69.51 | $82.93M | 1.183M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 3093 | $70.04 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $70.35 | 3457 | 2 |
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| Last trade - 16.10pm 15/11/2024 (20 minute delay) ? |
| WES (ASX) Chart |