Woolworths Group Limited
Woolworths Group Limited (ASX: WOW) is a retail company that operates general merchandise consumer stores and supermarkets as well as procures food, liquor, and other products in Australia and New Zealand. Besides, the company also operates hotels, pubs, and gaming facilities. The stock is trending towards the 52-week high of AUD 31.480, currently trading at A$31.080,up by 0.26% (As at 12:55 PM AEST, 15 April 2019).
Recently, Woolworths Group announced that it would be conducting an off-market buy-back to return up to AUD 1.7 billion to shareholders, expected to complete in May 2019. The Buy-Back, with a record date of Monday, April 8th, 2019, would be open to the eligible shareholders in Australia and New Zealand. It is panned to be conducted by way of an off-market tender process that will open on Tuesday, April 16th, 2019 and close at 7.00pm (Sydney time) on Friday, May 24th, 2019. Meanwhile, on April 1st, 2019, the Group completed the sale of its Petrol business to EG Group, with proceeds from the sale to be returned to shareholders via the buy-back.
Wesfarmers Limited (ASX: WES), established in 1914 is a Perth-based company engaged in diverse business operations including retail, coal mining and production, gas processing and distribution, industrial and safety product distribution, chemicals and fertilizers manufacturing, and others in Australia, New Zealand, the United Kingdom, and worldwide. On April 15th, 2019, the WES stock is trading at AUD 34.375, down 1.02% by AUD 0.355 (As at 12:55 PM AEST). WES’s YTD return stands positive at 13.30%. Recently, the company’s Director Anthony John Howarth acquired 939 new fully paid ordinary shares at A$34.4090 per share thereby increasing his voting power.
Wesfarmers and Lynas Corporation (ASX: LYC) have been lately been under limelight concerning an unsolicited indicative non-binding conditional proposal from the supermarket giant for the acquisition of 100% of Lynas’ equity at AUD 2.25 per share. On April 3rd, 2019, Wesfarmers announced a special ordinary fully paid dividend of AUD 2.0 for the period ended December 31st, 2018.
For the half-year ended December 31, 2019, the Group recorded a 4.2% rise on the revenue to $ 14.39 billion. Besides, the net profit after tax also amounted to $ 1.08 billion, reflecting a 59.3% increase on the prior corresponding period.
Westpac Banking Corporation
Westpac Banking Corporation (ASX: WBC), headquartered in Sydney, provides various banking and financial services to clients in Australia, New Zealand, Asia, the Pacific region, and worldwide. The Group’s current market valuations stands at AUD 89.36 billion with ~ 3.45 billion outstanding shares. On April 15th, 2019, the WBC stock is trading at AUD 26.080, edging up 0.62% (As at 12:55 PM AEST). The stock has offered YTD return of 5.88%.
Recently, Westpac released its Pillar 3 report for December 2018 that contained details concerning company’s funding asset quality, and capital along with financial results. Besides, the Group’s statutory net profit (unaudited) for the December quarter 2018 (1Q19) stood at $ 1.95 billion while the cash earnings (unaudited) for 1Q19 were $ 2.04 billion.
While Westpac’s asset quality and capital remained robust, the common equity Tier 1 (CET1) capital ratio was at 10.4%, consistent with the quarterly trend yet lower than the 10.6% reported for September 2018 quarter after payment of the Group’s final dividend.
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