Ann: Intention to demerge Coles - Briefing Presentation, page-69

the new CEO knows full well all the answers about the old CEO and Bunnings MD, but will not disclose one syllable of their dubious behavior.

i bet you London to a Brick-if this UK Bunnings was not such a catastrophic failure, what are the chances that WES would have offloaded Coles?

absolutely zero! that's because Coles was on the brink of gaining market share from Woolies with store upgrades. but they needed a scapegoat after UK bunnings, so here we are!

ps- Target are not a problem. they are virtually worth nothing and a very small % either way to the bottom line!

cheers crazypunter