But is 'not having to do another capital raising' enough reason to buy/hold a share? I try (sometimes unsuccessfully) to predict what future earnings are likely to be.... and IMO (and I'm no expert) if 12/12 brokers on Commsec expect EPS of WES to drop in FY10....then why would the SP/PE keep going?? This mkt is a strange beast... but in-the-end i find that 'fundamentals rule' and mkt seeks/pays-for 'value' rather than just sentiment.
WES may keep going.... but i reckon the risk/reward ratio indicates more downside than upside from here. Current SP is almost double what the retail SPP of $13.50 was in February. Surely profit-taking will eventuate? well that's my theory. def DYOR.
re Oakajee. It will go-ahead but without the steel mill is my guesstimate. Main winner from construction revenue is WOR and whoever gets the rail/port contracts... possibly a joint LEI/MAH venture. But that is 12-24 months away... a lifetime in this crazy volatile mktplace.
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Last
$74.63 |
Change
-0.160(0.21%) |
Mkt cap ! $84.64B |
Open | High | Low | Value | Volume |
$75.80 | $76.05 | $74.42 | $162.1M | 2.243M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 30 | $74.58 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$74.63 | 3630 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 336 | 74.470 |
1 | 336 | 74.420 |
1 | 336 | 74.370 |
1 | 337 | 74.220 |
1 | 8 | 74.060 |
Price($) | Vol. | No. |
---|---|---|
74.790 | 100 | 1 |
74.830 | 175 | 1 |
75.000 | 777 | 3 |
75.150 | 400 | 1 |
75.200 | 67 | 1 |
Last trade - 16.10pm 16/08/2024 (20 minute delay) ? |
Featured News
WES (ASX) Chart |