WES.AX - Wesfarmers Limited

ASX - ASX Delayed Price. Currency in AUD
38.35
-0.06 (-0.17%)
As of 12:43PM AEST. Market open.
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Previous Close38.41
Open38.40
Bid38.34 x 0
Ask38.35 x 0
Day's Range38.29 - 38.47
52 Week Range30.40 - 38.80
Volume423,981
Avg. Volume2,441,578
Market Cap43.685B
Beta (3Y Monthly)1.03
PE Ratio (TTM)7.87
EPS (TTM)4.88
Earnings DateAug 27, 2019
Forward Dividend & Yield2.20 (5.83%)
Ex-Dividend Date2019-02-26
1y Target Est32.49
  • The Wesfarmers takeover is 'universally positive': Pilbara Minerals
    CNBC Videos3 months ago

    The Wesfarmers takeover is 'universally positive': Pilbara Minerals

    Ken Brinsden of Pilbara Minerals weighs in on the potential deal between Wesfarmers and Kidman. He says there could be more "action" in this sector as companies try to resolve security of the supply of lithium.

  • If You Had Bought Wesfarmers (ASX:WES) Shares A Year Ago You'd Have A Total Return Of 15%
    Simply Wall St.7 days ago

    If You Had Bought Wesfarmers (ASX:WES) Shares A Year Ago You'd Have A Total Return Of 15%

    It's understandable if you feel frustrated when a stock you own sees a lower share price. But in the short term the...

  • Thomson Reuters StreetEvents23 days ago

    Edited Transcript of WES.AX earnings conference call or presentation 21-Feb-19 2:00am GMT

    Half Year 2019 Wesfarmers Ltd Earnings Call

  • Australia's Wesfarmers buying online retailer Catch in e-commerce push
    Reuterslast month

    Australia's Wesfarmers buying online retailer Catch in e-commerce push

    Wesfarmers' third M&A push this year, announced on Wednesday, comes as it looks to widen its base from traditional brick-and-mortar retail business and as domestic retailers battle to keep customers from switching to the likes of online giant Amazon.com Inc. "From Wesfarmers' point of view, it gives them the digital and e-commerce capabilities that they were trying to build... you can either spend 10 years building it up, or you can go and buy one, and they've gone and bought one," said James McGlew, executive director of corporate stockbroking at Argonaut. Wesfarmers' online push and drive to diversify comes at a time when shoppers in Australia have tightened their purse-strings in response to rising household debt, tepid wage growth and a steep property downturn.

  • Reuters2 months ago

    Malaysia govt 'pleased' with rare earths firm Lynas' plans to move initial ore processing -CEO

    The chief executive of Australian rare earth metals producer Lynas Corp said on Friday that feedback from the Malaysian government relating to its plans to move initial ore processes out of the Southeast Asian nation has been favourable. In a strategic growth plan to 2025 unveiled last Tuesday, Lynas said it intends to build an initial ore processing plant in Western Australia that would help it overcome political headwinds in Malaysia. The operating licence for Lynas' processing plant in the country, due for renewal in September, is under threat on concerns over waste disposal.

  • Reuters2 months ago

    UPDATE 4-Australia's Lynas bets growth plan will smooth license issues, fend off rival

    Rare earths producer Lynas Corp on Tuesday unveiled detailed expansion spending plans for A$500 million ($346 million) to boost production, placate Malaysian regulators and fend off a takeover attempt. Lynas laid out a strategic growth plan to 2025 that included building an initial ore processing plant in Western Australia that would help it overcome political headwinds in Malaysia where the operating licence for its processing plant, due for renewal in September, is under threat on concerns over waste disposal.

  • Reuters2 months ago

    Australia's Lynas, Blue Line plan Texas rare earths facility

    Rare earths producer Lynas Corp said on Monday it has signed a memorandum of understanding with Texas-based Blue Line Corp to set up a rare earths separation facility in the United States. The move comes as the United States, which is highly reliant on the world's biggest producer China for rare earths, is prioritising the sourcing of its own strategic minerals used in everything from consumer electronics to military equipment.

  • Reuters2 months ago

    UPDATE 2-Australia's Lynas, Blue Line plan Texas rare earths facility

    Rare earths producer Lynas Corp said on Monday it has signed a memorandum of understanding with Texas-based Blue Line Corp to set up a rare earths separation facility in the United States. The move comes as the United States, which is highly reliant on the world's biggest producer China for rare earths, is prioritising the sourcing of its own strategic minerals used in everything from consumer electronics to military equipment.

  • Reuters2 months ago

    Wesfarmers' soft bid for Kidman spotlights lithium's financing issues

    Wesfarmers Ltd's bid for Australia's Kidman Resources undervalues the lithium miner, analysts said on Friday, reflecting the financing difficulties the sector faces even as electric car makers warn of raw material shortages. Wesfarmers offered a 47 percent premium for Kidman, which is developing the Mount Holland project in Western Australia through a joint venture with battery chemicals maker Sociedad Quimica y Minera de Chile S.A. (SQM). Prospects for lithium demand look strong over the next decade as governments worldwide set ambitious targets to increase electric vehicle sales.

  • Reuters3 months ago

    PRESS DIGEST- Financial Times - May 2

    The following are the top stories in the Financial Times. Reuters has not verified these stories and does not vouch for their accuracy. Headlines The Restaurant Group picks ex-HBOS chief Andy Hornby for ...

  • Reuters3 months ago

    Australia's Lynas posts 33 pct jump in Q3 rare earths output, amid takeover interest

    Output of rare earths oxides (REO) in the quarter ending March 31 was 5,444 tonnes, compared with 4,110 tonnes produced lasta year. Production of NdPr, or neodymium-praseodymium, rose 19.4 percent to 1,591 tonnes, a new quarterly record, said Lynas, the world's only major producer of rare earths outside China. Lynas added that in a move to combat continued weakness in market prices, it would reserve all NdPr product for its strategic business partners, which could lead to a build-up in inventory in the fourth quarter.

  • Reuters3 months ago

    BRIEF-Lynas Corp Says Board Concluded That It Would Not Engage With Wesfarmers On Terms Outlined In Proposal

    April 10 (Reuters) - Lynas Corporation Ltd: * BOARD CONCLUDED THAT IT WOULD NOT ENGAGE WITH WESFARMERS ON TERMS OUTLINED IN PROPOSAL * SHAREHOLDERS DO NOT NEED TO TAKE ANY ACTION IN RELATION TO INDICATIVE ...

  • Reuters3 months ago

    Australia's Lynas Corp says Wesfarmers bid undervalues its IP, rejects offer

    Rare earths miner Lynas Corp said on Wednesday its board had concluded it would not engage with conglomerate Wesfarmers, stating its takeover offer undervalues the company's intellectual property. "Lynas has developed significant intellectual property (IP) in engineering, processing and product development. This IP is valuable in its own right, and its value is not reflected in the Indicative Proposal from Wesfarmers," the company said in a statement.

  • Reuters3 months ago

    Wesfarmers reiterates Lynas offer, says could ease conditions

    An initial offer of A$1.5 billion (£818 million) by the retail-to-chemicals conglomerate was previously rebuffed by Lynas' board, which termed the deal "highly conditional". "Wesfarmers remains open to engage with the Lynas Board on our proposal, with a view to progressing a less conditional proposal," Managing Director Rob Scott said in a statement. Wesfarmers' initial bid was subject to a range of conditions, including that Lynas has relevant operating licences in Malaysia for a "satisfactory period" following the close of the deal.

  • Reuters3 months ago

    BRIEF-Wesfarmers Says Co Remains Open To Engage With Lynas Board On Takeover Proposal

    April 9 (Reuters) - Wesfarmers Ltd: * WESFARMERS REMAINS OPEN TO ENGAGE WITH LYNAS BOARD ON OUR PROPOSAL * OPEN TO ENGAGE WITH LYNAS ON PROPOSAL, WITH A VIEW TO PROGRESSING A LESS CONDITIONAL PROPOSAL ...

  • Moody's3 months ago

    BWP Trust -- Moody's assigns A3 to BWP Trust's AUD bond

    Moody's Investors Service has today assigned a (P)A3 rating to BWP Trust's (BWP) senior unsecured AUD medium term note programme. At the same time, Moody's has assigned an A3 AUD senior unsecured rating to BWP's bond issued out of the programme. "IMPORTANT NOTICE: MOODY'S RATINGS AND PUBLICATIONS ARE NOT INTENDED FOR USE BY RETAIL INVESTORS.

  • Reuters3 months ago

    Lynas reviews rare earths ore processing as Malaysia ups pressure

    Rare earths miner Lynas Corp said on Monday it is considering initial ore processing near its Australian mine, as Malaysia stepped up pressure on the company already in the midst of a takeover struggle. Lynas, the world's only major producer of rare earths outside China, has been locked in a dispute with the Southeast Asian nation, which has told it to remove years of accumulated waste at its Malaysian processing plant in order to have its licence renewed.

  • Reuters3 months ago

    Malaysia's Mahathir says new suitors may emerge for rare-earths firm Lynas

    New suitors may emerge for Australian rare-earths processing company Lynas Corp, which may lose the operating license for its processing plant in Malaysia, the country's prime minister said on Friday. Lynas last week rejected a $1.1 billion takeover offer from Australian conglomerate Wesfarmers Ltd, though Wesfarmers said they remain keen on the talks. Lynas operates an $800 million plant in the Malaysian town of Kuantan that refines ore from a rare-earths mine that it owns in Australia.

  • Reuters3 months ago

    Malaysian Prime Minister says other companies may buy rare-earths processor Lynas

    Other companies may be in the running to buy Australian rare-earths processing company Lynas Corp, which may lose the operating license for its processing plant in Malaysia, the country's Prime Minister said on Friday. Lynas operates an $800 million plant in the Malaysian town of Kuantan that refines ore from a rare-earths mine that it owns in Australia. Malaysia has recently halted the renewal of its operating license over concerns about how it handles radioactive wastes at the site.

  • Reuters4 months ago

    Australia's Wesfarmers hints takeover battle for Lynas not over

    MELBOURNE/SYDNEY, March 29 (Reuters) - Australia's Wesfarmers Ltd remains keen on buyout talks with rare earths miner Lynas Corp Ltd, the retail-to-chemicals conglomerate said on Friday, despite its A$1.4 billion ($992 million) approach being rejected earlier this week. The comments foreshadow an intense takeover battle for the only proven producer of rare earth elements outside China, which has struggled with support from Malaysian regulators for a key processing plant located there. "We remain keen to work collaboratively with the Lynas board and management team as well as the Malaysian government and regulatory authorities to secure a long-term and sustainable outcome for all stakeholders," Wesfarmers Chief Executive Officer Rob Scott said in an emailed statement.