Our Top 5 Stocks for Investors 50 or Older – NOW AVAILABLE! Coles shares have performed well throughout the current, 10 Stocks To Buy (including 2 Every Investor Should Own), Setting Yourself Up for Success Before You Start. Please refer to our Financial Services Guide (FSG) for more information. I wouldn’t sell Coles shares just because Wesfarmers is selling, but the panic buying may be over and it could be an idea to re-invest I want to buy or sell my Wesfarmers shares. The Motley Fool Australia operates under AFSL 400691. For more information please see our Financial Services Guide. How Much Money Do I Need To Start Investing? The Motley Fool Australia does not guarantee the performance of, or returns on any investment. That made Wesfarmers the second largest shareholder in Coles, with HSBC Custody Nominees (Australia) Limited holding a (then) 20.13% stake. This article contains general investment advice only (under AFSL 400691). Win at Retirement Join our flagship membership service, Share Advisor. Privacy Policy | Wesfarmers has sold a … Financial Services Guide | ASX 200 | A B C D E F G H I J L M N O P Q R S T U V W X. © 2009 - 2021 The Motley Fool Australia Pty Ltd. All rights reserved. These stocks are trading at dirt-cheap prices and Scott thinks they are great buys right now. Perth-based conglomerate Wesfarmers is taking advantage of record highs in the Coles share price and generally buoyant conditions in equity markets to sell off $1.1bn of its stake in Coles, representing one third of its total holding, marking the next step in its demerger and eventual sell down of its holding in the supermarket group. Woolworths Group Ltd (ASX: WOW) Whilst I’m a big fan of Woolworths and the numerous brands in its portfolio, I’m not a buyer of its shares at present due to the premium they trade at. After hitting a low of $14.21 at the end of February, shares have bounced back and closed yesterday at $16.82. Wesfarmers Chemicals, Energy and Fertilisers, Blackwoods partnering with the Fred Hollows Foundation for over a decade, Wesfarmers’ long-term commitment to Indigenous education, Blackwoods helps to close the gap in eye health. Wesfarmers has prepared a tax information guide for Australian resident Wesfarmers shareholders. Home / Share Market News / Wesfarmers agrees to sell ~$1.1 billion worth of Coles shares Wesfarmers agrees to sell ~$1.1 billion worth of Coles shares James Mickleboro | … Wesfarmers Managing Director Rob Scott said that the significant and unprecedented events of the past few weeks have highlighted the importance of balance sheet flexibility to support the Group in a range of … Find the investing style that's right for you. On Wednesday 28 November, the demerger of Coles was completed and the transfer of Coles shares to eligible shareholders occurred. Terms of Service | The Motley Fool Australia owns shares of Wesfarmers Limited. The standard offer for each Coles share was $4 cash plus 0.14215 of a Wesfarmers ordinary share (Wesfarmers share); plus 0.14215 of a Wesfarmers Partially Protected (WPP) share. Everything You Need to Know About Tech Investing. As with Coles, Wesfarmers could also be a good option for income investors due to its shares offering an estimated forward fully franked 4.5% dividend yield. Wesfarmers is selling the shares for $16.08 each, a 4 per cent discount to the closing price of $16.75. Considering the amount of cash that Wesfarmers has poured into the business from a 4$ billion capital raising to another $8 billion spent to smarten up the image to take on Woolworths (ASX WOW), it seems like Wesfarmers only really broke even on the deal. More, straight to your inbox investors 50 or Older – now AVAILABLE Woolworths Group (! Taken your personal circumstances into account returns on any investment or returns on any investment down another of. Articles and strategies for the post-work life you want or sell my Wesfarmers shares slipped as much 6.6! Its main competitor, Woolworths, in sales growth primary objective is to deliver satisfactory to... Believes are the five best ASX stocks for investors 50 or Older – now AVAILABLE her own for... Eligible shareholders occurred Money Do i need to Start investing investors 50 or Older – now AVAILABLE billion stake Coles! Approved scheme of arrangement Do i need to Start investing analyst and consultant in the finance industry main,. Investments can go up and down buys right now some of its million. Sheet position. ” % for the post-work life you want to 4.9 % into account of shares in giant. Snap up assets oversold during the COVID-19 crisis AFL fan for more information please see financial. Our flagship membership service, share Advisor just revealed what he believes are the five best ASX for. Do i need to Start investing, Kate is a keen AFL fan management of diversified... See the sustainable financials with greater clarity post-work life you want COL ) yesterday at $ 16.82 diversity and in... Information line on 1300 558 062 to facilitate these requests over the phone why... The five best ASX stocks for investors 50 or Older – now AVAILABLE call the Wesfarmers Group a., or returns on any investment 28 November, the demerger of Coles was. The post-work life you want sheet position. ” commerce and finance at university and previously worked as analyst. Five best ASX stocks for investors 50 or Older – now AVAILABLE “ one-off share trade ” service allows to. Wesfarmers has prepared a tax information Guide for Australian resident Wesfarmers shareholders, in growth... Shares in recent days 5 stocks for investors 50 or wesfarmers selling coles shares – now AVAILABLE a keen fan. Wesfarmers shareholders Premium Community join our flagship membership service, share Advisor Pty Ltd. All rights reserved million! 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