Had an interesting experience shopping today online for a cheap 10" android tablet to stay connected with work and made a few comparisons with what was in BigW. I'm not mentioning the model name

Officeworks was selling the tablet with 64Gb storage but you had to pick up from store (can't order online)

BigW online had the same model but with 128Gb storage. However this model was $50 more

Naturally I gravitated towards the one with more storage.

But what was funny is that after signing up to BigW for the first time, they offered a $10 promo code sent via email so got another $10 off the model at checkout. Luckily I did not checkout early otherwise I would not have got the $10 discount

In the end, it worked out $40 more for BigW, but I think I got what I wanted. Don't think 64Gb storage on the officeworks model is enough and definitely don't want to find out later down the track it is not enough space.

Perhaps this competition from BigW is nothing to worry about for Wesfarmers then again maybe it is.

[not held]

Some key questions in the report from JP Morgan. Anko international revenues so far insignificant.

Even after all the market volatility, WES still trades neck and neck on a backward PE comparable to AMZN

From Yahoo Finance

WES trailing PE is 35x and forward PE is 28x

AMZN trailing PE is 36x and forward PE is 30x

AMZN no dividend but WES has dividend

AMZN is mainly ecommerce and cloud with worldwide operations. WES is bricks and mortar and industrial at national level.

Some theories why WES trades near a more desirable tech business such as AMZN

* Baby boomers sitting on huge capital gains who won't sell and farm the dividends instead till they pass away. Obviously once the baby boomer holder passes away, the beneficiaries that inherit the holding have to pay the CGT which is a win-lose situation.

* I heard on the forum from some old investors that it was good to buy buy WES when it dips/corrects down %5-10 even if it is above $60.

* More funds from overseas in AMZN so when the USD sneezes, AMZN will catch a cold

Anyway I should have listened to the old guy and bought WES at $65 and NOT wait till $55 as suggested here

[seeing this gravy train roll by]

Wesfarmers selling off Coregas

Not sure if that is the catalyst for the 5% fall today which is pretty rare. But it is coming off all time highs.

Not held unfortunately.

A few days back Wells Fargo halved the price target of AMZN sending shares down from 186 to 180. It's now back to 186.

https://finance.yahoo.com/news/amazon-cut-wells-fargo-warns-131217884.html

We should petition Wells Fargo to look at WES, HUB, NWL and PME and see if they have a case to blast the prices back to reality and stop this ridiculous doom loop of the demand curves shifting up and up :)

Not held still.

Thought I'd search for a broker report on Murdoch's Factiva platform after Wesfarmer's 52 week high despite the competition watchdog eyeing Bunnings.

Only found one from JP Morgan written in May 24

Think it's a little too bearish?

When report mentions Kmart, Officeworks and Bunnings are the highest quality retail business, I think it is a buy regardless of the recommendation when you can't find anything out there that is comparable.

A few facts on the Mt Holland project

* Capex of $950m

* FID approved July 2021

* Production begins 2024

Not many facts on EBIT or financials. Will need to go back to Kidman announcements to find the information although most of that will be out of date.

not held but thinking of taking a position.

While the share prices of lithium miners/developers continue to outperform the broader market (PLS, LTR, CXO, IGO) it seems Wesfarmers is being left behind.

It seems the market has forgotten the takeover of Kidman Resources a few years ago when lithium was at the bottom of the cycle.

Time to do some research into Wesfarmers lithium asset while market is still asleep.