They recently did a capital raising for $2.5B at a price of $29/share. The insitutional bookbuild was bid up in excess of $38/share.
How did you work out that WES had a negative NTA?
I was of the belief that it was massively positive (above current market price). Given their balance sheet and yearly profits in excess of $1B, I wouldn't expect capital raisings anytime soon or any struggle paying off their debt.
Nobbylad.
I don't hold stock of the company. (but do have a few call options - expiring yonks away).
negative net tangible assets, page-4
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Last
$70.61 |
Change
0.010(0.01%) |
Mkt cap ! $80.08B | |||
| Open | High | Low | Value | Volume |
| $70.17 | $74.10 | $69.60 | $85.11M | 1.205M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 314 | $70.59 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $70.75 | 400 | 1 |
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| Last trade - 16.10pm 18/09/2024 (20 minute delay) ? |
| WES (ASX) Chart |