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CROWDED MARKET: Wesfarmers faces a challenge to embed its successful Bunnings business into the UK. Photos: Attila Csaszar

Wesfarmers fighting on two fronts with Homebase in far-flung Britain

ANALYSIS: No-one knows how long it might take for Wesfarmers’ foreign foray to bear fruit, and at what cost.

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Perth
The above article gives a good insight into the situation. However similar comments were made, when Wesfarmers bought the Coles Group. Positive thinking is 90% of success, whilst negative knocking can destroy an enterprise. Wesfarmers' track record needs no proof of success. Even with a change of Directors, as has been mentioned above, the next 'crop' will have been well trained, to continue the successful business into the future!

Bittern, Victoria
Wesfarmers strength is the quality of the executives running the individuals running each business. John Gillam, Peter Davis and Guy Russo have great retail instincts and understand how to leverage assets and develop people. With Homebase Bunnings is following a careful plan that has every chance of working. B&Q and Wickes have incumbency but no momentum.

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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

Top 10 Shareholders

Substantial shareholders as published in the annual report.
Source: Morningstar

Total Shareholder Return as at 31/10/19

1 year TSR5 year TSR
51stAustal138%29%
176thPerenti Global38%34%
212thWesfarmers29%11%
317thSeven Group Holdings8%28%
690thSeven West Media-49%-21%
730 WA (and selected non WA) listed companies ranked by 1 year TSR relative to other companies with similar revenue
Source: Morningstar

Share Transactions

09/10/19
$4k Issued
09/10/19
$868 Issued
09/10/19
$9k Issued
Total value as at the date of the transaction
Source: Morningstar

Revenue

1st-Wesfarmers$28,133.0m
2nd↑Seven Group Holdings$4,166.4m
3rd↑Austal$1,868.7m
4th↑Perenti Global$1,846.5m
5th↓Seven West Media$1,556.4m
197 listed industrial companies ranked by revenue.
Source: Morningstar

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