I don't think it will pull back hugely, if at all. Has been bouncing around and sideways for last couple of years. Happy to stick with it and pick up shares in coles with capital gains tax relief and the prospect of dividends from the coles shares. Am a bit worried about Bunnings - where is the growth there? but WES say they are going for growth opportunities. From Mr Scott:
“We believe Coles has developed strong investment fundamentals and is of a scale where it should be operated and owned separately. It is now a mature and cash generative business, which is expected to have a strong balance sheet and dividend paying capacity. Coles will be well positioned to continue to deliver long-term earnings growth, with an earnings profile that is expected to be resilient through economic cycles. "
I did think about selling, but I think I will sit tight. cheers
Time to short WES?, page-28
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Last
$68.10 |
Change
-0.290(0.42%) |
Mkt cap ! $77.23B | |||
| Open | High | Low | Value | Volume |
| $68.15 | $68.43 | $67.84 | $60.01M | 881.1K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 3641 | $68.10 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $68.16 | 3512 | 1 |
View Market Depth
| Last trade - 16.10pm 20/05/2024 (20 minute delay) ? |
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Last
$68.14 |
Change
-0.290 ( 0.15 %) |
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| Open | High | Low | Volume | ||
| $68.19 | $68.41 | $67.84 | 60828 | ||
| Last updated 15.59pm 20/05/2024 ? | |||||
| WES (ASX) Chart |