WFAFY - Wesfarmers Limited

Other OTC - Other OTC Delayed Price. Currency in USD
13.02
+0.12 (+0.93%)
At close: 3:59PM EDT
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Trade prices are not sourced from all markets
Previous Close12.90
Open13.05
Bid0.00 x 0
Ask0.00 x 0
Day's Range13.02 - 13.05
52 Week Range10.03 - 19.61
Volume14,888
Avg. Volume28,509
Market Cap30.348B
Beta (3Y Monthly)1.30
PE Ratio (TTM)33.33
EPS (TTM)0.39
Earnings DateN/A
Forward Dividend & Yield0.71 (5.63%)
Ex-Dividend Date2019-03-01
1y Target EstN/A
  • The Wesfarmers takeover is 'universally positive': Pilbara Minerals
    CNBC Videos24 days 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.

  • Reuters2 days 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.

  • Financial Times3 days ago

    Wesfarmers secures $530m Australian lithium miner deal

    In a statement to Australia’s stock exchange early on Thursday, Melbourne-based Kidman said that conglomerate Wesfarmers had completed its exclusive period of due diligence on the proposed transaction. Wesfarmers will now acquire 100 per cent of Kidman’s share capital at a price of $1.90 per share in an all-cash deal. Kidman’s major asset is a 50 per cent interest in the MT Holland Lithium project in Western Australia, which it owns jointly with Chile’s SQM, one of the world’s largest lithium producers.

  • Reuters5 days 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.

  • Reuters6 days 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.

  • Reuters23 days 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.

  • Reuters24 days 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 ...

  • Reuterslast month

    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.

  • Reuters2 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 ...

  • Reuters2 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.

  • Reuters2 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.

  • Reuters2 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's2 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.

  • Reuters2 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.

  • Reuters2 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.

  • Reuters2 months ago

    Australia's Lynas says no to Wesfarmers $1.1 bln takeover offer

    Australia's Lynas Corp Ltd on Wednesday said it would not engage with conglomerate Wesfarmers on its "highly conditional" $1.1 billion takeover approach for the only proven producer of rare earth elements outside China. The rejection came a day after Wesfarmers launched a bid of A$2.25 per Lynas share, which represented a near 45 percent premium to the rare earths miner's Monday's close. Lynas shares closed 35.1 percent higher on Tuesday, falling short of the offer price.

  • Reuters2 months ago

    BRIEF-Lynas Corp Says Co Not To Engage With Wesfarmers On "Highly Conditional" Takeover Proposal

    March 27 (Reuters) - Lynas Corporation Ltd: * BOARD CONCLUDED THAT IT WILL NOT ENGAGE WITH WESFARMERS ON TERMS OUTLINED IN INDICATIVE AND HIGHLY CONDITIONAL PROPOSAL * LYNAS BOARD HAS EVALUATED INDICATIVE ...

  • Reuters2 months ago

    Australia's Wesfarmers launches $1.1 billion rare earths bid, shares fall

    Australia's Wesfarmers Ltd made a surprise $1.1 billion offer on Tuesday for rare earths miner Lynas Corp Ltd, looking for new growth after a series of asset sales, but its shares fell as investors fretted about increased risk.

  • A Rare-Earth Steal at a 45% Markup
    Bloomberg2 months ago

    A Rare-Earth Steal at a 45% Markup

    For most of the past five years, a slump in the rare-earths market and a regulatory tangle in Malaysia, where Lynas processes its Australian-mined ore, has seen it worth less than a third as much. A transaction will be subject to “ensuring that relevant operating licences in Malaysia are in force and will remain in force for a satisfactory period following completion of the transaction”, the company said Tuesday. Fair enough, you might say – but if those licenses were in place, Wesfarmers’ offer would look a good deal less generous.