WESFARMERS ORD
Budget brands thrive during cost-of-living crisis
One of the interesting trends to come out of the just completed Australian profit season was the ability of budget brands that delivered well to successfully turn profits despite – or perhaps because of – the cost-of-living crisis. One of the clearest examples was Kmart, which enjoyed a 4.4% increase in sales at a time […]
Want to buy some cut-price shares?
What would your reaction be if I told you I could get you some shares at a price that is significantly less than what they are actually worth? Well, most people would say here is a wheelbarrow, fill it up with shares but as always there is something of a catch. It is possible to […]
Wesfarmers pours $45m into Ora Banda Mining’s lithium discovery
One of Australia’s largest listed companies, Wesfarmers (ASX: WES), has agreed to invest an initial $26 million into Ora Banda Mining (ASX: OBM) for a share of its significant new Western Australian lithium discovery. Ora Banda has agreed to enter into a binding farm-in agreement with Wesfarmer’s 100% wholly-owned Brenahan Exploration Pty Ltd (BEPL) to […]
Wesfarmers health subsidiary to acquire Silk Laser Australia for $180m
Wesfarmers (ASX: WES) wholly-owned subsidiary Australian Pharmaceutical Industries (API) has entered into a scheme of arrangement to acquire skin treatment franchise Silk Laser Australia (ASX: SLA). The acquisition will be priced at $3.35 per share, for an implied equity value of $180 million based on 53.76 million fully diluted shares. It allows for the payment […]
