there's no other store like coles, page-5

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.