WES 1.86% $72.19 wesfarmers limited

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    lightbulb Created with Sketch. 455
    as per their announcement and by memory something like .9876 % per share .
    So if you held 10,000 shares you will soon hold 9876.
    So do the maths , if you want your original shareholding you must almost spend half your capital return (.50 cents)to buy back the shares required to get to your original level of share holding,and of course the dividends paid by wes for your reduced shareholding will save wes money every year and reduce our div every year so i'm surprised they and asic allow this to be called a capital return.
    ps unless i'm missing something which wouldn't surprise me.
    ps i think its an adjustment for wesn shares falling due so lets get the description correct not a capital return.

 
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