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The government remains opposed to the sale of Western Power, which owns the infrastructure that transmits much of the state’s power. Photo: Attila Csaszar

Inconsistency on asset sales

“WA can’t afford to lose the revenue a publicly owned Western Power generates for the state.”

That was a key message from (then) Labor opposition leader Mark McGowan during the election campaign. Indeed, the statement remains on the premier’s website, even as he basks in the long honeymoon period granted after his election win in March.

So, on the basis of future revenues, the Labor Party rejected the privatisation push for Western Power, the operator of the poles and wires across the South West Interconnected System, which transmits electricity to industry and the bulk of the state’s population.

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Share Price

Closing price for the last 90 trading days
Source: Morningstar

BN30 Index

Index = 100 as of 4 Jan 2016
Source: Morningstar

Total Shareholder Return as at 31/07/17

1 year TSR5 year TSR
82ndAtlas Iron92%-58%
116thSouth3262%0%
177thFortescue Metals Group37%11%
272ndWoodside Petroleum14%3%
447thNorthern Star Resources-15%42%
710 WA (and selected non WA) listed companies ranked by 1 year TSR relative to other companies with similar revenue
Source: Morningstar

Share Transactions

20/04/17
$52k Bought
03/11/16
$6.9m Bought
23/09/16
$0 Other
Total value as at the date of the transaction
Source: Morningstar

Revenue

1st-Fortescue Metals Group$9,806.1m
2nd↑South32$8,262.9m
3rd-Woodside Petroleum$5,715.9m
4th↑Atlas Iron$803.7m
5th-Northern Star Resources$787.2m
492 listed resources companies ranked by revenue.
Source: Morningstar

Remuneration from Fortescue Metals Group

4thNev Power$5.324m
670thMark Barnaba$223k
787thSharon Warburton$170k
Ranked by total remuneration from all listed WA companies

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