ASX:WES Archives - Money Morning Australia

23/05/2020

Target’s Collapse Reinforces Retail Shift — The Decline of Retail

Target, an iconic department store brand, is on its last legs. Controlling entity Wesfarmers confirmed that 167 Target stores will be no more. With 92 set to become refurbished Kmarts and 75 set to close for good. The bigger question though, is whether it is indicative of a broader retail decline...

Carl Wittkopp

24/03/2020

Coles Share Price versus Woolworths Share Price: Which is Better?

Two supermarket heavyweights, Coles Group Ltd [ASX:COL] and Woolworths Group Ltd [ASX:WOW] have avoided massive sell-offs in this downturn. Today we look at the Coles share price in comparison with the Woolworths share price, to see which could be sturdier as the months in self-isolation progress.

Lachlann Tierney

23/08/2019

Lynas Share Price Down as Wesfarmers Abandons Bid: The Trump Effect

At time of writing, the share price of Lynas Corporation Limited [ASX:LYC] is down a further 4.96%, trading at $2.30. After shooting up towards the end of June, the Lynas share price has fallen sharply in the last two weeks as trade tensions ease (again). You can see the timing of Trump policy...

Ryan Clarkson-Ledward

31/05/2019

Lynas’ Share Price Rises 10.95% after Go Ahead from Malaysian PM

Today, Lynas Corporation Ltd [ASX:LYC] is set to reach more multi-year highs, as the Malaysian Prime Minster gave his strongest indication to date that the company will be allowed to continue operating its controversial processing plant.At the time of writing Lynas’ share price is trading at $3.04, up 10.95%.

Ryan Clarkson-Ledward

30/05/2019

China Rare Earth Ban Drags Down Wesfarmers Share Price| ASX: WES

This new ban has seen a decline in the Wesfarmers share price, currently at a decrease of 1.22% (trading at $36.88 a share), as it complicates their takeover plans of Lynas Corporation Ltd [ASX:LYC]

Ryan Clarkson-Ledward

23/05/2019

Kidman Resources’ Share Price Volatile on Deed with Wesfarmers

Today, Kidman Resources Ltd [ASX:KDR] announced it had entered a Scheme Implementation Deed (SID), proposing Wesfarmers Limited [ASX:WES] acquire 100% of Kidman’s shares at $1.90 by way of a Scheme of Arrangement.At time of writing, Kidman Resources' share price is sitting at $1.90.

Ryan Clarkson-Ledward

02/05/2019

Kidman Resources’ Share Price Rockets 44.34% on Takeover Bid

Today, Wesfarmers Ltd [ASX:WES] launched a $776 million takeover bid for lithium mining company Kidman Resources Ltd [ASX:KDR].At the time of writing, Kidman Resources’ share price is trading 44.44% higher, at $1.86 apiece.

Lachlann Tierney

08/04/2019

Lynas Share Price Down as Malaysian Uncertainty Continues

It has been a busy news day for Lynas as it responded to comments by the Malaysian Prime Minister and it was revealed that it is considering the the possibility of moving its ‘cracking and leaching’ operations closer to its resource in Western Australia.