Opinion
Aussie companies have a mixed record when venturing overseas. But in early 2016 Wesfarmers had a great history of building wealth for shareholders – an investment in the company’s shares in 2000 returned nearly 17% per year while the Australian market, including dividends, returned 8% a year over the same... Show More
There is no substitute for boots-on-the-ground research when researching companies. Greencape puts great emphasis on this process, seeing it as investment and not a cost base. Jonathan Koh shares insights from their trips investigating Wesfarmers’ local and offshore operations, and highlights this not just finds opportunities, but avoids the laggards... Show More
Bruce visited Bunnings in March. This might not seem terribly noteworthy, after all, he does tend to end up there most weekends, but this visit required more time: to the first Bunnings store outside Australia and NZ. Show More
Wesfarmers’ Bunnings chain recently acquired UK retailer Homebase. Predictions the company has made a mistake of Masters’ magnitude are probably wrong. Show More
This morning, Woolworths (ASX: WOW) announced growing losses from its Masters hardware stores. Whilst sales were up 24% to $930m, the chain lost $245.6m. Show More