I wouldn't be too distraught if the div was cut to help reduce...

I wouldn't be too distraught if the div was cut to help reduce debt. It would only be a temporary measure to maintain confidence.

You've got to remember that an asset like Coles needs a premium to be paid on it. Yes, WES paid a little too much, but it's what you can do with an asset like Coles which represents the true value of the acquisition.

Bunnings already OWNS the DIY market. Wouldn't go anywhere else mate! I'm sure they want to do the same thing with Coles. Now that they have some half decent management at Coles, WES will reward the patient.....and I'm one person who hasn't much of it!