Think we saw that this morning.
The reality is that WHC has been undervalued for some time now. The debt and unceratinty over the new mines was baking in a fairly hefty risk discount to the stock price. Even with this rally I'd suggest that risk discount still isn't closed.
I don't think we have seen any meaningful amount of retail or even sophisticated money yet. We are still in the "We need evidence" phase in my opinion. Wait until we get a decent set of numbers from the quaterly and news of the sell down. When its priced at 10 P/E ill start to worry.
Target $18.72, page-9492
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Last
$8.92 |
Change
0.330(3.84%) |
Mkt cap ! $7.462B | |||
| Open | High | Low | Value | Volume |
| $8.49 | $8.95 | $8.46 | $104.1M | 11.82M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 340 | $8.88 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $8.92 | 48976 | 4 |
View Market Depth
| Last trade - 16.10pm 03/07/2024 (20 minute delay) ? |
| WHC (ASX) Chart |