|Bid||0.000 x 40000|
|Ask||0.000 x 40000|
|Day's range||27.250 - 27.328|
|52-week range||26.779 - 32.350|
|PE ratio (TTM)||67.63|
|Dividend & yield||N/A (N/A)|
|1y target est||N/A|
LONDON/SYDNEY, June 30 (Reuters) - The final group attempting to buy the Curragh coking coal mine in Australia from conglomerate Wesfarmers Ltd has dropped out, two sources familiar with the matter told Reuters on Friday. U.S. private equity partners Apollo Global Management and Xcoal Energy & Resources ended their joint pursuit of the 8-million-tonnes-per-year coking coal mine four weeks ago after failing to reach a deal on price, the sources said. Having expressed an interest in exiting the mining business, Wesfarmers hired UBS (LSE: 0QNR.L - news) to explore a sale of Curragh and its 40 percent stake in the Bengalla thermal coal mine, following a coal price surge at the end of last year, the sources said.
SYDNEY/SAN FRANCISCO (Reuters) - Since Amazon.com Inc (AMZN.O) said in late April it would bring its Marketplace for third-party sellers to Australia, shares of leading bricks-and-mortar retailers have tumbled on fears their growth prospects would be hit. More than $3 billion, or over 4 percent, has been wiped off the collective market value of six companies - Wesfarmers Ltd (WES.AX), Woolworths Ltd (WOW.AX), JB Hi-Fi Ltd (JBH.AX), Harvey Norman Holdings Ltd (HVN.AX) Super Retail Group Ltd (SUL.AX) and Myer Holdings Ltd (MYR.AX) - and Morgan Stanley analysts predict Amazon's entry will knock 2-15 percent off what their annual sales would have been by 2026.
Amazon's (AMZN) arrival in Australia has prompted much hand wringing among investors in retail stocks, but Wesfarmers - the biggest retailer of them all - may be the most protected against the U.S. e-commerce behemoth. The Perth-based company owns Australia's largest retailers including supermarket operator Coles, home improvement chain Bunnings, Officeworks, K-mart, and Target. Goldman Sachs - which rates the stock a buy with a price target of AUD48.50 a share - argues that many of these businesses can withstand the Amazon onslaught: In our view the business mix of Wesfarmers provides a very strong defense against the potential entry of Amazon and other ecommerce competitors.