WDS my top stock by weight again - kind of by default because it’s outperformed everything else over the past month…..but I’m happy with that nonetheless with Brent grinding higher.
Whilst I like WDS as a contra stock the downside is that rising oil prices are overall bad for my portfolio (and I suspect most peoples) but that’s all part of the game.
Here’s how WDS has gone this new financial year against the ASX top 20 :
So the ESG zealots continue to roll themselves by shunning WDS. In recent weeks they’d have been getting their annual statements showing their returns from their ‘ethical funds’ and having a good hard think about things I reckon.
WDS’s returns (both capital growth and dividends) have been hard to beat for a couple of years now ……and a $40 sp doesn’t seem such a silly idea now does it?
Even more recently (ie since Jul 1 ) WDS is the best performing stock in the table above in terms of capital gain and would be in the top 3 dividend payers (in percentage terms) in that table too.
I lot to like about WDS at the moment.
WDS Price at posting:
$38.02 Sentiment: Hold Disclosure: Held
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