Wesfarmers chimes in to RSPT

Wesfarmers has entered the super-profits debate, issuing a statement that calls the new mining tax regime inappropriate.


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Las Vegas, Nv.
Wesfarmers has it just about right. Moreover, why should the miners infrastructure cost be treated any differntly than the oil men insofar as "rights to mine" are concerned? Australia is not a 3rd World Country and it's high time the population wake up to the game the Marxists are playing, or the country will end up looking more like Africa and South America. These Marxist politicians have just been thrown out of the UK, and they're on the way out in the USA as well. Hasn't anyone noticed the 12/15% drop in the Australian dollar since this confiscatory tax scheme was revealed?

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Wesfarmers (WES)

Share Price

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BN30 Index

Index = 100 as of 4 Jan 2016
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Total Shareholder Return as at 29/06/18

1 year TSR5 year TSR
162ndSeven Group Holdings79%29%
345thSeven West Media21%-9%
538thAutomotive Holdings Group-10%3%
722 WA (and selected non WA) listed companies ranked by 1 year TSR relative to other companies with similar revenue
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$47k Bought
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2nd-Automotive Holdings Group$6,079.6m
3rd-Seven Group Holdings$2,340.3m
4th-Seven West Media$1,679.0m
239 listed industrial companies ranked by revenue.
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Remuneration from Wesfarmers

3rdJohn Durkan$5.288m
5thGuy Russo$4.038m
17thRob Scott$1.908m
Ranked by total remuneration from all listed WA companies

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