Analysis of Mineral Resources, Woolworths, Wesfarmers, Qantas
Fund Manager Chris Pedersen discusses Mineral Resources, Woolworths Group, Wesfarmers and Qantas Airways.
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Wesfarmers — a diversified corporation
From its origins in 1914 as a Western Australian farmers’ cooperative, Wesfarmers has grown into one of Australia’s largest listed companies. With headquarters in Western Australia, its diverse business operations cover: home improvement and outdoor living; apparel and general merchandise; office supplies; and an Industrials division with businesses in chemicals, energy and fertilisers, and industrial and safety products. Wesfarmers is one of Australia’s largest employers and has a shareholder base of approximately 484,000.
The primary objective of Wesfarmers is to provide a satisfactory return to its shareholders.
The company aims to achieve this by:
anticipating the needs of our customers and delivering competitive goods and services;
looking after our team members and providing a safe, fulfilling work environment;
engaging fairly with our suppliers, and sourcing ethically and sustainably;
supporting the communities in which we operate;
taking care of the environment; and
acting with integrity and honesty in all of our dealings.
Fund Manager Chris Pedersen discusses Mineral Resources, Woolworths Group, Wesfarmers and Qantas Airways.
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Fund Manager Chris Pedersen discusses markets leading up to the new year, Brambles, Wesfarmers and ASX.
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Scott Kelly, Manager of the DNR Capital Australian Equities Income Portfolio, provides an update on his firm's outlook for dividends in the Australian equity market.
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In defiance of prevailing market trends characterized by sluggish retail sales and dwindling profits, Wesfarmers, propelled by the stellar performance of its Kmart retail group comprising Kmart and Target, has announced a commendable uptick in its interim dividend.
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In the face of industry-wide concerns and cutbacks, Wesfarmers (ASX:WES) has demonstrated unwavering confidence in its lithium venture, as evidenced by its recent interim results announcement.
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Shareholders in Wesfarmers (ASX:WES), the conglomerate that owns Bunnings, Kmart/Target, Officeworks, and a range of industrial enterprises, are set to receive a higher dividend for the fiscal year ending in June, even in the face of a second-half earnings deceleration.
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After saying it would be disciplined in spending capital, Wesfarmers has surprised by announcing a decision to match the $3.35 per share offer by EC Healthcare for SILK Laser.
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Wesfarmers CEO Ron Scott got a lot of publicity Tuesday for comments about the endtimes of government handouts and ultra-low interest rates.
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There’s significant expansion afoot in WA’s lithium industry as companies ignore the nervous nellies and plough on with exploration and processing plans.
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Airlie FM analyst Vinay Ranjan reports on his recent site tour of the Wesfarmers Chemicals, Energy and Fertilisers (‘WesCEF’) business in Perth, WA.
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A setback for Wesfarmers at its jointly-owned Mount Holland lithium project in WA, with production delayed by around six months and costs jumping by anywhere up to 20%.
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Covid lockdowns saw Wesfarmers post a 2.9% drop in annual profit for the year to June, with unwanted assistance from supply chain bottlenecks and emerging cost pressures.
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Rating is downgraded to Underperform from Neutral. Target is reduced to $43.30 from $47.50.
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