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$64.33 wesfarmers limited

WES a potential buyer for Virgin, page-30

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70 Posts.

14/05/20

13:21

Post #: 44618472
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Originally posted by madamswer: ↑

"I have thought this for ages but maybe WES should get a banking licence or take a major stake in one of the major banks."

As a long-standing WES shareholder I'd have a conniption if they went into the business of fractional lending.

On average, WES's portfolio of businesses grow operating profits by around 10% and generate ROE of ~20%

By contrast, even the best-of-breed Australian bank (viz. CBA) has long-term earnings growth of less than 5% and generates ROE of around 12.5%.

Why would any board of directors wilfully dilute the value of a business portfolio by mixing merely average businesses with existing very good ones?

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Thats a very good question but they did buy Kidman.....

WES Price at posting: $37.79 Sentiment: Buy Disclosure: Not Held
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(20min delay)
Last $64.33		Change -0.280(0.43%)		Mkt cap ! $72.96B

Open	High	Low	Value	Volume
$64.60	$64.68	$63.83	$77.86M	1.212M

Buyers (Bids)

No.	Vol.	Price($)
1	1859	$64.33

Sellers (Offers)

Price($)	Vol.	No.
$64.35	600	1

View Market Depth

No.	Vol.	Price($)
2	2270	64.300
1	445	64.280
2	2523	64.200
2	351	64.150
1	4378	64.110

Price($)	Vol.	No.
64.360	1989	1
64.420	6688	3
64.450	8203	1
64.480	6247	2
64.500	1426	4

Last trade - 16.10pm 28/05/2024 (20 minute delay)


Last $64.22			Change -0.280 ( 0.68 %)
Open	High		Low	Volume
$64.60	$64.60		$63.83	70550
Last updated 15.59pm 28/05/2024 ?

WES (ASX) Chart

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