ASX Share Ideas
Wesfarmers Ltd (WES) Will Have $12b Of Play Money
Wesfarmers Ltd (ASX: WES) could have a war chest of $12 billion or more to go and spend on acquisitions according to investment bank Citigroup.
June 7, 2018
Big money is not in the buying or selling, but in the waiting.
For my own portfolio, I like to find ASX shares that are growing their dividends. Growth is an essential part of the dividend equation for me. I want to see that the dividend increases are funded by growing earnings and/or growing underlying asset values. I also have a portion of my portfolio invested in an ETF that picks undervalued global businesses with strong competitive advantages.
For Rask Media, I have an interest in covering technology (and tech-related) businesses with a global growth story, as well as cyclical companies that are cheaply priced because they’re at a low point in the cycle, such as retailers and resource businesses which could benefit strongly in the medium-term.
Wesfarmers Ltd (ASX: WES) could have a war chest of $12 billion or more to go and spend on acquisitions according to investment bank Citigroup.
Australia’s share market, or the All Ordinaries Index (INDEXASX: XAO)(ASX: XAO), is up by 0.28% at lunch.
Metcash Limited (ASX: MTS) announced this morning that it will recognise a $352 million impairment to goodwill and other net assets in the Supermarkets & Convenience segment of its business.
The Retail Food Group Limited (ASX: RFG) share price has fallen 6.4% after delivering its FY18 profit guidance update to investors.
Australia’s share market, or the All Ordinaries Index (INDEXASX: XAO)(ASX: XAO), is down by 0.29% at lunch.
Australia’s share market, or the All Ordinaries Index (INDEXASX: XAO)(ASX: XAO), is up by 0.63% at lunch.
Commonwealth Bank of Australia (ASX:CBA) has settled the AUSTRAC case for $700 million.
Former National Australia Bank Ltd. (ASX:NAB) subsidiary, CYBG Plc (ASX:CYB) wants a deal with Virgin Money Holdings UK (PLC) (LON:VM).
The Australia and New Zealand Banking Group (ASX: ANZ) share price is currently down 1.8% after it announced the Commonwealth Director of Public Prosecutions (CDPP) intends to commence proceedings against the bank.
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