Wesfarmers, Coles hit high note

THOSE doubting arts sponsorship is not good for business need look no further than Wesfarmers. The conglomerate has long been a supporter of the arts and its chief, Richard Goyder, took centre stage last week to unveil a high-profile recruit to the Western Australian Symphony Orchestra - a new principal conductor Paul Daniel. The event drew a crowd, but more importantly for Mr Goyder it also brought to town Richard Allert, Coles chairman and a director of the Australia Business Arts Foundation. The pair sat side-by-side during the WASO press conference. Wesfarmers of course is making a play for Coles after the retailer put itself up for auction earlier in the year. But it’s had its fair share of frustrations, with a consortium led by Kohlberg Kravis Roberts getting exclusive access to the Coles’ books. On the same day Mr Goyder and Mr Allert were beaming about the WASO appointment, Wesfarmers issued a press release welcoming assurances made by Coles that the retailer would give all interested parties a fair go and it too would get access to the books.


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Wesfarmers (WES)

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 31/08/18

1 year TSR5 year TSR
131stSeven Group Holdings68%29%
576thAutomotive Holdings Group-22%-5%
782ndRCR Tomlinson-62%-13%
737 WA (and selected non WA) listed companies ranked by 1 year TSR relative to other companies with similar revenue
Source: Morningstar

Share Transactions

$0 Other
$47k Bought
$5k Issued
Total value as at the date of the transaction
Source: Morningstar


2nd-Automotive Holdings Group$6,472.6m
3rd-Seven Group Holdings$3,411.5m
4th↑RCR Tomlinson$2,004.1m
237 listed industrial companies ranked by revenue.
Source: Morningstar

Remuneration from Wesfarmers

4thGuy Russo$4.038m
16thRob Scott$1.908m
169thMichael Chaney$569k
Ranked by total remuneration from all listed WA companies

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