Wesfarmers – Buy

Wesfarmers is under Algo Engine buy conditions and is a current holding in our model portfolio.

Wesfarmers now holds 19.3% of Australian Pharmaceutical Industries. The acquisition has less than two weeks left in confirmatory due diligence. The battle between Sigma and Wesfarmers for the API business and final offers will be worth watching.

Accumulate.

1/11 update: Retain long exposure and traders may decide to shift the stop loss to Friday’s low.

4/11 update

Wesfarmers – Buy

Wesfarmers is under Algo Engine buy conditions and is a current holding in our model portfolio.

Wesfarmers now holds 19.3% of Australian Pharmaceutical Industries. The acquisition has less than two weeks left in confirmatory due diligence. The battle between Sigma and Wesfarmers for the API business and final offers will be worth watching.

Accumulate.

1/11 update: Retain long exposure and traders may decide to shift the stop loss to Friday’s low.

Wesfarmers – Buy

Wesfarmers is under Algo Engine buy conditions and is a current holding in our model portfolio.

Wesfarmers now holds 19.3% of Australian Pharmaceutical Industries. The acquisition has less than two weeks left in confirmatory due diligence. The battle between Sigma and Wesfarmers for the API business and final offers will be worth watching.

Accumulate.

Wesfarmers – Buy

Wesfarmers is under Algo Engine buy conditions and is a current holding in our model portfolio.

Wesfarmers now holds 19.3% of Australian Pharmaceutical Industries. The acquisition has less than two weeks left in confirmatory due diligence. The battle between Sigma and Wesfarmers for the API business and final offers will be worth watching.

Accumulate.

Wesfarmers – Buy

Wesfarmers is under Algo Engine buy conditions and is a current holding in our model portfolio.

Wesfarmers now holds 19.3% of Australian Pharmaceutical Industries. The acquisition has less than two weeks left in confirmatory due diligence. The battle between Sigma and Wesfarmers for the API business and final offers will be worth watching.

Accumulate WES within the $50 – $56 price range.

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Wesfarmers – Buy

Wesfarmers is under Algo Engine buy conditions and is a current holding in our model portfolio.

Wesfarmers now holds 19.3% of Australian Pharmaceutical Industries. The acquisition has less than two weeks left in confirmatory due diligence. The battle between Sigma and Wesfarmers for the API business and final offers will be worth watching.

Accumulate WES within the $50 – $56 price range.

.

Wesfarmers – Buy

Wesfarmers is under Algo Engine buy conditions and is a current holding in our model portfolio.

Wesfarmers now holds 19.3% of Australian Pharmaceutical Industries. The acquisition has less than two weeks left in confirmatory due diligence. The battle between Sigma and Wesfarmers for the API business and final offers will be worth watching.

Accumulate WES within the $50 – $56 price range.

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Wesfarmers – Buy

Wesfarmers is under Algo Engine buy conditions and is a current holding in our model portfolio.

Wesfarmers shares are finding buying support following the recent sell-off and announcing a fresh takeover bid for Australian Pharmaceutical Industries valued at over $700 million.

Wesfarmers – Buy

Wesfarmers is under Algo Engine buy conditions.

FY21 result was slightly above expectations with underlying EBIT up 21% to $3.55bn.

WES has proposed a A$2.3bn (A$2.00 per share) capital return that is expected to be paid in December (subject to shareholder approval).

WES advised that its retail divisions have been affected by recent lockdowns with trading restrictions and several store closures.

WES trades on a forward yield of 2.5%.

Accumulate WES within the $50 – $57 range.

Wesfarmers – FY21 Earnings

Wesfarmers is under Algo Engine buy conditions.

FY21 result was slightly above expectations with underlying EBIT up 21% to $3.55bn.

WES has proposed a A$2.3bn (A$2.00 per share) capital return that is expected to be paid in December (subject to shareholder approval).

WES advised that its retail divisions have been affected by recent lockdowns with trading restrictions and several store closures.

WES trades on a forward yield of 2.5%.

Accumulate WES within the $50 – $57 range.