I agree that the GFC was a big factor; however, that is part of business life. I spend a lot of tie reading crappy small cap companies annual reports hoping to find a gold mine somewhere. All the distressed ones like to say we didnt know the GFC eas going to occur, which I think is rubbish. Just a good excuse for them.
It is a testament to WES that the GFC really hasnt hurt them too much except maybe paying too much for Coles at the time and having to raise capital at a discount to the companies long term value.
That said, if they turn the ship around as I think they will then yes it will be a company maker (again) as was their move into fertilisers in the 80s and Bunnings in the 90s.
the turnaround we had to have, page-4
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Last
$72.10 |
Change
1.100(1.55%) |
Mkt cap ! $81.77B | |||
| Open | High | Low | Value | Volume |
| $71.77 | $72.23 | $71.58 | $64.62M | 898.2K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 3000 | $72.00 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $72.10 | 3302 | 2 |
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| Last trade - 16.10pm 12/08/2024 (20 minute delay) ? |
| WES (ASX) Chart |