A rare conglomerate with higher cash position. Controls many brands and is diversified enough to weather any market.
Wednesday 19th Feb 2020: The following have all been released by WES (Wesfarmers) to the ASX announcements platform today:
Disclosure: I hold WES shares. I like the exposure to Bunnings, Officeworks, Wesfarmers' natural gas and agricultural chemicals/fertilisers businesses, as well as their new foray into battery metals miners and their plans to develop a battery metals supply chain business.
Kmart Group update
Significant items expected in the 2020 full-year results
[...click on link above for further details...]
Disclosure: I hold WES shares.
07-May-2020: Macquarie Conference Briefing Presentation
That is a link to a copy of the presentation that is to be given today at the Macquarie Australia Conference today. The presentation outlines Wesfarmers’ priorities and response to current market conditions. It also includes an update on the Group’s trading performance in line with Wesfarmers’ announcement on 28 April 2020 and an update on the Group’s balance sheet position. [28-Apr-2020: COVID-19 update]
31-Mar-2020: WES: Wesfarmers sells 5.2 per cent of Coles Group
Following the sale, Wesfarmers retains a 4.9 per cent interest in Coles and has agreed to retain its remaining shares in Coles for at least 60 days from today.
COL & WES also remain 50/50 JV partners in Flybuys and will continue to work together.