"People who were late to the WDS party and bought in the last few months should have an average cost of low AU$30s.
Let's assume an average price of AU$32, gross yield is 14%.
Many would've bought earlier and in the AU$20s, so their gross yield would be closer to 18%."
All true.
However, every day represents a fresh investment decision dependent on valuation.
On that score, I see my investment thesis for WDS being most of the way to being played out, so I have this morning commenced the exercise of reducing my now-outsized position in WDS.
Because I think that most of the alpha has now been delivered.
When the stock was valued at ~$20, it certainly wasn't pricing in today's prevailing oil and gas prices; but today the upside to the valuation level, implied by current oil and gas prices, is clearly not nearly as big.
.
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Last
$25.75 |
Change
0.260(1.02%) |
Mkt cap ! $48.98B |
Open | High | Low | Value | Volume |
$26.11 | $26.11 | $25.54 | $54.98M | 2.118M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
6 | 1618 | $25.74 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$25.75 | 2667 | 13 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
18 | 3027 | 25.700 |
16 | 5044 | 25.690 |
10 | 3804 | 25.680 |
8 | 3077 | 25.670 |
8 | 3212 | 25.660 |
Price($) | Vol. | No. |
---|---|---|
25.710 | 1011 | 11 |
25.720 | 3701 | 9 |
25.730 | 5322 | 15 |
25.740 | 3511 | 13 |
25.750 | 7216 | 13 |
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