Yes to both questions. It refers to those fixed rate home mortgages negotiated during the pandemic, ultra-low rates to keep the banks going and avoid large scale mortgage defaults. Now those mortgages upon term expiry will move to the current much higher interest rates, after about 12 increases.
Analogous to WDS, had a few minutes of performance during the pandemic, the broader market surged higher, WDS along for the ride, commodity prices helped, but all downhill from there.
What would Citi know, some of the enclave spruiked the stock at much higher levels and pivot to the holy grail of $40 and beyond.
What is the WDS Board and Chairman response to the parlous state of the business?
Woodside, page-847
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Last
$27.26 |
Change
-0.280(1.02%) |
Mkt cap ! $51.75B | |||
| Open | High | Low | Value | Volume |
| $27.51 | $27.59 | $27.23 | $86.52M | 3.161M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 18025 | $27.26 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $27.29 | 2418 | 2 |
View Market Depth
| Last trade - 16.10pm 14/06/2024 (20 minute delay) ? |
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Last
$27.28 |
Change
-0.280 ( 1.09 %) |
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| Open | High | Low | Volume | ||
| $27.52 | $27.59 | $27.23 | 469568 | ||
| Last updated 15.59pm 14/06/2024 ? | |||||
| WDS (ASX) Chart |