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The idea of REST Super fund using retail employees' funds...

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Brickwalls

8,805 Posts.

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20/02/24

20:28

Post #: 72505419
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Originally posted by Giovanni33: ↑

When the tide goes out you find out who's been swimming naked. Plenty of companies on the ASX200 who are big, but not good investments the moment you start looking under the hood. In a low interest rate environment these companies can get away with murder, in a tougher capital environment the scrutiny starts to come.

I'm speaking very generally here but this can range from bad management, bad employees, unsustainable debt, questionable assets that crumble in a bear market and more.

These super funds buy...until they don't. Plenty of examples in history of companies that people deemed too big to fail until they did.

For the record I actually like the duopoly as businesses. Pretty bullet proof until you have train wreck business decisions like the ones being made recently. Why ever risk alienating potential customers? What happens if they actually do follow through with threats of boycotts? Revenue falls, funds get nervous ect...

Especially in this macro.

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The idea of REST Super fund using retail employees' funds to prop up WOW & Westfarmers' Board members should send shudders down both Employees & Public spines.

WOW Price at posting: $35.87 Sentiment: Hold Disclosure: Held
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Last $30.49		Change -0.100(0.33%)		Mkt cap ! $37.24B

Open	High	Low	Value	Volume
$30.67	$30.73	$30.43	$80.74M	2.643M

Buyers (Bids)

No.	Vol.	Price($)
2	1440	$30.45

Sellers (Offers)

Price($)	Vol.	No.
$30.49	6175	2

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No.	Vol.	Price($)
2	1440	30.450
2	892	30.440
5	460	30.430
5	2897	30.420
7	2782	30.410

Price($)	Vol.	No.
30.490	6175	2
30.520	746	2
30.560	9033	1
30.580	9175	3
30.600	9359	2

Last trade - 16.10pm 06/05/2024 (20 minute delay)


Last $30.45			Change -0.100 ( 0.89 %)
Open	High		Low	Volume
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