Wesfarmers Limited

By Intelligent Investor · 13 Feb 2002

By Intelligent Investor ·
13 Feb 2002

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Wesfarmers Limited - WES

Current price

$65.05 at 14:00 (16 April 2024)

Price at review

$32.25 at (13 February 2002)

All Prices are in AUD ($)

Magic' Michael Chaney keeps producing the goods and the market loves it. Wesfarmers' first half profit rose 61.2% to $180.3m. Earnings per share weighed in at 52.6 cents, up 24.6% and shareholders will be rewarded with a 26% rise in dividends to a fully franked 34 cents per share (ex on 4 March). We'll have a good look at the stock in the next issue, until then HOLD FOR THE UPSIDE.

IMPORTANT: Intelligent Investor is published by InvestSMART Financial Services Pty Limited AFSL 226435 (Licensee). Information is general financial product advice. You should consider your own personal objectives, financial situation and needs before making any investment decision and review the Product Disclosure Statement. InvestSMART Funds Management Limited (RE) is the responsible entity of various managed investment schemes and is a related party of the Licensee. The RE may own, buy or sell the shares suggested in this article simultaneous with, or following the release of this article. Any such transaction could affect the price of the share. All indications of performance returns are historical and cannot be relied upon as an indicator for future performance.

Wesfarmers Limited

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Wesfarmers Limited

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