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Wesfarmers

Wesfarmers
Company nameWesfarmers Limited
Company typePublic (Asx - WES)
IndustryRetailing, Industrial, Insurance, Energy
Founded1914
HeadquartersPerth, Western Australia
Area servedAustralia
New Zealand
United Kingdom
Bangladesh
Key peopleBob Every, Chairman
Richard Goyder, CEO
Revenue(+)A$54.87 billion (2011)
Operating income(+)A$3.23 billion (2011)
Net income(+)A$1.92 billion (2011)
Total assetsA$40.81 billion (2011)
Employees220000
SubsidiaryBunnings Warehouse, Coles Supermarkets, Bi-Lo, Pick 'n Pay Hypermarket, Coles Express, Coles Central, Liquorland, Vintage Cellars, 1st Choice Liquor Superstore, Officeworks, Officeworks BusinessDirect, Harris Technology, Kmart, Kmart Tyre & Auto Service, Target, Pharmacy Direct, HouseWorks, Curragh Queensland Mining, Wesfarmers Premier Coal, Bengalla Mining Company*, WFI, Lumley Insurance, Lumley Special Vehicles, Lumley General Insurance (NZ), OAMPS Insurance Brokers, Crombie Lockwood (NZ), Lumley Finance, Monument Premium Funding, Koukia*, Blackwoods, Protector Alsafe, Bakers, Total Fasteners, Bullivants, Wesfarmers Industrial & Safety NZ, CSBP, Australian Gold Reagents*, Wesfarmers Kleenheat Gas, Unigas*, Wesfarmers Kleenheat Elpiji, Wesfarmers LPG, Coregas, Air Liquide WA*, Energy Generation, Gresham Partners Group*, Wespine Industries*
* Joint ventures

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Wesfarmers Limited (Asx - WES) is one of Australia’s largest public companies and one of Australia's largest retailers. Its headquarters are in Perth, Western Australia.

Wesfarmers is the largest private employer in Australia, with almost 200,000 employees across the country. Official records announced a record net profit of $1.05 billion for 2006 with operating costs of $8.9 billion (prior to the Coles Group takeover).

On 2 July 2007, Wesfarmers announced it was purchasing the Coles Group retail business for A$22 billion making it the largest successful take-over in Australian corporate history. Wesfarmers officially took control of Coles on 23 November 2007, after paying almost A$20 billion for the company.

Wesfarmers Video

Aftermath photos can be found here: goo.gl Video of an accident that happened in Australia in 2008 at the Wesfarmers Curragh coal mine in central Queensland. The official report cited operator error, and rumor has it the operator was inexperienced and pulled the wrong lever and allowed the winch to go into free-fall. He tried to catch it on the drum brake but that overheated, exploded and caught fire as you can see. The dragline boom was being lowered for maintenance, and as you can see the correct radius hadn't been chosen to let the drag line boom clear the M4600-based Transilift boom. The operator suffered minor injuries.
0.97 min. | 4.91 user rating		 How did Roger know to buy The Reject Shop at $2.40 and get out of Wesfarmers at $40? He analysed the balance sheet of each business. In this interview with Peter Switzer Roger reveals his method of analysing listed businesses, including the importance of understanding rates of Return on Equity and compounding earnings using the examples of Wesfarmers and Myer. Roger also discusses the dividend stripping strategy. Broadcast 15 October 2009 Visit www.rogermontgomery.com for Roger Montgomerys step-by-step guide to valuing a company.
9.98 min. | 5.0 user rating		 Origin Energy is trading above value, Oil Search at almost double its value and with a 2012 value of $6.37, Toll is not only mediocre, but also expensive. As for selling out of Wesfarmers to buy into RIO, Roger compares that plan to be like jumping from the fry pan into the fire! In his appearance with Nina May on Your Money Your Call Roger also reveals that of the 1874 businesses listed on the ASX only 600 make a profit, and for him, a tiny 23 fall into his 'A1' category of wonderful businesses. Broadcast 25 February 2010 Visit ‪www.rogermontgomery.com for Roger Montgomerys step-by-step guide to valuing a company.
9.95 min. | 3.66 user rating		 The Dow index gave up last week's success and slipped back slightly over the weekend. US and European stock markets closed lower on Friday after the latest US corporate results disappointed high hopes and pushed Wall Street back down through the key 10000 points level. The US budget deficit hit a record US$1.4 trillion to the end of the fiscal year, the US government said on Friday, as the recession and a series of bank rescues cut a hole in public finances. That figure was US$162 billion smaller than the White House had forecast in August, but it still amounted to 10 percent of total US economic output, the most for any budget shortfall since World War Two. The Australian dollar opened lower today, as investor appetite for the risk sensitive currency decreased following poor profit results from major US companies. Key Economic Facts and Figures Forecasters are revising their unemployment figures and expecting the unemployment rate to peak at 6.8 per cent in the middle of next year. The Federal Government had previously flagged a rise in unemployment to 8.5 cent by mid-2010, when delivering its Budget last May. The jobless rate currently stands at 5.7 per cent. M&A News Transport and logistics group Toll Holdings (ASX:TOL) is eyeing more takeover opportunities as it seeks to become a dominant player in Asia, with plans to spend between A$500 million and A$700 million from cash and bank borrowing facilities. Chief executive Paul Little said yesterday that with valuation <b>...</b>
4.48 min. | 5.0 user rating		 News report from ABC News regarding the potential takeover of Coles Group by Wesfarmers.
1.93 min. | 0 user rating
Roger Montgomery explains why JB Hi-Fi is his favourite business, how Melbourne IT has lost its competitive advantage, the demise of Wesfarmers balance sheet, and the outlook for Crane Group and BHP. Broadcast 26 November 2009 Visit www.rogermontgomery.com for Roger Montgomerys step-by-step guide to valuing a company.
10.02 min. | 3.0 user rating		 The bigger the business, the less likely it is to be innovative, according to Wesfarmers managing director Richard Goyder. And that's no small claim from the chief of a conglomerate with some 200000 employees. However, the Western Australian group, that began almost 100 years ago as a farmer's cooperative, has managed to keep growing and innovating across diverse sectors, including retail, resources and financial services. And its latest results indicate it's on plan to turnaround the dilapidated Coles group business. In an interview with Knowledge@Australian School of Business, Goyder outlines how Wesfarmers, with its many smaller companies, beats the problem of innovation shrinking in inverse proportion to the organisation's size.
15.98 min. | 5.0 user rating		 BG Group, ConocoPhillips, BHP Billiton, AGL Energy, Urenco, Xstrata, Anglo American, Barrick Gold Corp, Wesfarmers, Consolidated Media, Crown, Blackstone, Maxis BG Group could survive future bid attempts if funds from a possible asset sale are used to increase its holdings in Queensland's burgeoning coal seam gas sector. Elsewhere, news on AGL, Xstrata, BHP, Blackstone and Wesfarmers.
6.10 min. | 3.0 user rating		 Antonia Branston, Senior Retail Analyst at Euromonitor, discusses the market situation for grocery and non grocery retailers in Australia. Currently, the grocery market is dominated by two players, Woolworths and Wesfamers. Part of the reason for this market dominance is the geographic location of Australia and it's isolation from the rest of the world, making it hard for new players to enter the market. Metcash, a smaller player in the market, is hoping to gain some ground in the grocery scene. They are trying to buy the Franklins chain, but have only acquired 88 stores. Pick n' Pay, the owner of Franklins, is exiting the market and wants to sell the chain to Metcash. However, the acquisitions have been blocked by the Australian Competition and Consumer Commission over concerns Franklins is a wholesale competitor to Metcash. The non-grocery retailing market is just as difficult to enter in Australia. Costco has opened in the country, hinting more are on the way. Lowes, a US-based home improvement store, has entered into a partnership with Woolworths to enter the market with Wesfarmers currently leading in that market. In the next five years, Australia is expected to grow in retailing at a CAGR of 1.5%, with 15 billion US dollars in sales by 2015.
6.82 min. | 5.0 user rating		 26 January - the same L-class crossing the Road near Wesfarmers, Kwinana
0.40 min. | 5.0 user rating

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Wesfarmers executive plays down Woolworths threat - MarketWatch Tweet this news
MarketWatch--PERTH -(MarketWatch)- A -Wesfarmers- Ltd. executive Thursday played down the threat posed by rival Woolworths Ltd.'s (WOW.AU) recent move into Australia's A$40 billion home improvement market. John Gillam, managing director of -Wesf - Date : Thu, 01 Dec 2011 02:46:15 GMT
Metcash lifts FY forecast despite fall in H1 profit - Business Spectator Tweet this news
Business Spectator--City Index chief market analyst Peter Esho said Metcash would need to work hard to ensure it was competitive against supermarket giants Woolworths Ltd and -Wesfarmers-. "The sluggish growth in IGA Distribution will be more of - Date : Wed, 30 Nov 2011 00:36:27 GMT
Who's devouring our food manufacturers? - Business Spectator Tweet this news
Business Spectator--I suspect that the chief executives of -Wesfarmers-, Woolworths and Metcash have no idea that this is their unintentional master plan. They are simply producing house brands and they are seeking the lowest possible source of food proce - Date : Wed, 30 Nov 2011 20:03:12 GMT
QR National expands tonnages with Wesfarmers Curragh - SteelGuru Tweet this news
SteelGuru--It is reported that QR National has signed a new long term haulage contract with -Wesfarmers- Curragh for the transport of coal from the Curragh mine to the new Wiggins Island Coal Export Terminal. The new long term contract will see up to 1.5 - Date : Fri, 18 Nov 2011 05:08:43 GMT
Wesfarmers moves the pay goal posts - Sydney Morning Herald Tweet this news
Sydney Morning Herald--In his address to shareholders yesterday, -Wesfarmers- chief executive Richard Goyder said: ''We listen to criticism and, if it is fair and warranted, react to it. But I will never apologise for being successful, for creat - Date : Wed, 09 Nov 2011 13:29:40 GMT
Wesfarmers' quiet achiever Olivier Chretien shines - The Australian Tweet this news
The Australian--That's not the stuff trotted out relentlessly by the business lobby groups, but his background in France explains the -Wesfarmers- executive's enthusiasm for Australia and the opportunities it offers. Chretien heads the company&a - Date : Mon, 21 Nov 2011 13:05:18 GMT
Wesfarmers says big is beautiful - Herald Sun Tweet this news
Herald Sun---WESFARMERS- boss Richard Goyder has pleaded with the Government to support large Australian businesses such as Coles, rather than constantly attacking its ever-growing market share. In a speech in Sydney yesterday, Mr Goyder also chided suppl - Date : Fri, 11 Nov 2011 13:29:38 GMT
QR secures Wesfarmers coal haul deal - Perth Now Tweet this news
Perth Now--Source: The Daily Telegraph RAIL operator QR National has signed a deal with -Wesfarmers- to haul up to 1.5 million tonnes of coal each year from its Curragh mine in Queensland to port. QR National said the long-term contract with -Wesfarmers- - Date : Mon, 14 Nov 2011 02:03:28 GMT
THE DISTILLERY: Qantas mechanics - Business Spectator Tweet this news
Business Spectator--Another commentator sees right through the delusional debt discussions in Europe and the US to notice explosive comments out of China on the global economy, while a little-known steelmaker and a division of -Wesfarmers- also come up fo - Date : Mon, 21 Nov 2011 20:04:42 GMT
Wesfarmers Limited : Extension of Partially Protected Shares Lapse Date - 4-traders (press release) Tweet this news
4-traders (press release)--The extension of the lapse date has been determined in accordance with the terms and conditions of the -Wesfarmers- Partially Protected Shares. These terms allow the -Wesfarmers- Board to extend the lapse date if the average of - Date : Wed, 23 Nov 2011 07:05:12 GMT



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