WES is stuck with no growth so they have to de-merger and let each business chase their own growth
WES best business is bunnings and they continue to expand this business but they also are known to use cash flow from one business to acquire other business, Officeworks is an example
Coles is pretty much peak with Woolies and Aldi each competing for the same market shares so they have to chase other markets a combined entity of WES, GXL is a small business to acquire
post spins off it a different story, we will wait and see in 2-3 years time too long for some but I am a patient and long-term investor
GXL Price at posting:
$5.35 Sentiment: Buy Disclosure: Held
