• Australian (ASX) Stock Market Forum

WES - Wesfarmers Limited

Discussion in 'Stocks Q-Z' started by sam21poddy, Aug 7, 2004.

  1. sam21poddy

    sam21poddy

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    Wesfarmers is trading lower today and I would like to buy it to get the dividend but someone told me that if I buy it today I won't get the dividend. But I can't see the dates anywhere on any of my broker calendars. Does anyone know if this is true, that I won't get the dividend if I buy it today? :)
     
  2. stefan

    stefan

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    Re: Wesfarmers - Is it trading ex-dividend?

    So far Wesfarmers ex dividend date has always been early september. Don't know if that changed, but why would it?

    Happy trading

    Stefan
     
  3. sam21poddy

    sam21poddy

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    Re: Wesfarmers - Is it trading ex-dividend?

    If you look at the historical dates, it seems that on the dates that the results are announced, the record date (and ex-dividend date) are backdated. I know this sounds ridiculous but the most recent dates were:
    2 March '04 - reporting date for first half results;
    16 Feb '04 - ex-dividend date for first half results;
    20 Feb '04 - record date for first half results. I haven't seen this with other shares. I suspect that the professional traders know how it works and that is why it is trading so low today. I don't want to be caught out and buy it if I don't get the dividend. I am holding too many shares at the moment which will take a while to recover so I don't want to get in any deeper unless I am sure of my facts.
     
  4. stefan

    stefan

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    Re: Wesfarmers - Is it trading ex-dividend?

    sam,

    I can't follow you there. WES has announced it's results on the 10/2 declaring a dividend to be paid on the 2/3. You normally don't know when a company goes ex dividend much in advance. You can however relay on previous dates to get an idea. So for now, Wesfarmers are scheduled to release full year result and dividend announcement on the 10th of August. Surely they wouldn't be trading ex dividend today then.

    Happy trading

    Stefan
     
  5. sam21poddy

    sam21poddy

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    Re: Wesfarmers - Is it trading ex-dividend?

    OK. I see where the confusion occurs. You say WES announced its results on 10 Feb. My search of past calendars (and ASX) shows that it announced its results on 2 March (after the ex div date). The next announcement for final year results is 10 Aug (next Tues). So I will have to listen to the results next Tuesday and see what dates they announce as the record date for paying a dividend. I currently hold 500 shares so I think I will leave it at that. Stockmarket is a bit too volatile for me at the moment. Thanks for replying.
     
  6. Ann

    Ann

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    Re: Wesfarmers - Is it trading ex-dividend?

    This is looking a little more positive recently. Just a short time ago I attended a broker presentation, they suggested the the Bunnings 'softness' was overstated.

    I noticed the incoming CEO Richard Goyder gave an open briefing on the 18/11/05 http://www.corporatefile.com.au/doc...ing Day Consolidated Version PDF 18.11.05.pdf

    ....here is a chart with some comments...
     

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  7. Ann

    Ann

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    Re: Wesfarmers - Is it trading ex-dividend?

    Tomorrow will be interesting for this stock.
     

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  8. RichKid

    RichKid PlanYourTrade > TradeYourPlan

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    Re: Wesfarmers - Is it trading ex-dividend?

    Hi Ann,
    Nice charts! I've only just begun to keep an eye on indicators like the 200 day ma that large groups of participants look for, so a sustained break over that hurdle may see those who trade ma's (eg ma crossovers) come into buy and that should push the price higher than that most recent minor top as well. Interesting how one group can trade off the other group- not that all buyers will be trading the ma but it's interesting.
     
  9. mit

    mit

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    Re: Wesfarmers - Is it trading ex-dividend?

    Looks good but today's volume is low though as we are in the christmas break period. It's up on my radar as well as the Dividend is due in mid February. I need to buy it tomorrow to keep the franking credits

    MIT
     
  10. RichKid

    RichKid PlanYourTrade > TradeYourPlan

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    Re: Wesfarmers - Is it trading ex-dividend?

    Isn't the holding period calculated after the ex-div date (eg 45 day rule? hold for 45 days after ex-div? Isn't that for large amounts of divs?). Sorry a bit of a novice here with this franking stuff.....

    silly me, just did a search on the topic, I don't understand the rule properly, Crashy seems to have explained it in a nutshell here in Rozella's ex dividend thread (post #31)https://www.aussiestockforums.com/forums/showthread.php?t=454&page=2&pp=20&highlight=day+rule. So you just have to hold if for 45 days at risk, can be 45 before or 45 after ex-div date...
     
  11. mit

    mit

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    Re: Wesfarmers WES- Is it trading ex-dividend?

    I sell on the ex-div date, of course you can hold past the ex-div date to make up the 45 days. Another thing is that I don't think the 45 days includes the buy and sell days.

    MIT
     
  12. Dutchy3

    Dutchy3

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    WES - Wesfarmers

    Looking for a BIG WHITE. Will we get one?
     

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  13. Dutchy3

    Dutchy3

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    Re: WES - Wesfarmers

    Breakout BIG WHITE's are getting a little scarce in the ASX 200 these days.

    Still, took a 'anchor' position in this one today. Will compound if it proves strong.
     

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  14. Dutchy3

    Dutchy3

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    Market Depth remains strong through the day and at the close is 8.5 : 1.

    Gap up on the open a good sign as well. Hold Long
     

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  15. Julia

    Julia In Memoriam

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    Presuming you already hold WES, at what point ($) would you add to your position? This stock has only just exceeded my cost price. The yield is good.

    Julia
     
  16. michael_selway

    michael_selway Coal & Phosphate, thats it!

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    Yeah yeild is pretty good about 5-6% + franking. But the risk of holding it is quite high esp in times like this? Also not much upside accodring to the forecasts?

    Earnings and Dividends Forecast (cents per share)
    2005 2006 2007 2008
    EPS 163.9 251.3 246.3 226.4
    DPS 180.0 237.7 240.0 228.0
     
  17. 123enen

    123enen

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    I agree with Michael. Some of the shine has come off this market darling.
    Coal prices down and mining costs up.
    Hardware stagnant if not a little down.
    Insurance margin squeezed.
    Still a good company but not outstanding and earthquake proof like before.

    Might get back to $40 as it runs towards dividend ex date.
     
  18. Dutchy3

    Dutchy3

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    Hi

    I have a time frame that can be measured in months. As this is a CFD position I will remain long while I'm convinced the current reaction can take me back to the 4000 - 4150 area, else I pay financing for time not price. Red lines are the point at which I've taken positions.
     
  19. Dutchy3

    Dutchy3

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    Hi

    Managed to extract capital from this one as it stalled.

    Weekly chart tells a better story. Hard to extract much joy from a stock that is failing at longer term support around 3500
     

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  20. 3 veiws of a secret

    3 veiws of a secret 3 veiws of a secret

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    Seems like this share is free-falling ....perhaps an interesting stock for the long termed portfolio,any veiws from our technical cohorts.
     
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