Maybe you could elaborate on why you think a project with a 10% IRR investment, contingent on governments CBAM (carbon cost) and requiring 3rd party feed stock is a good investment?
Also perhaps you could elaborate on how you see this investment delivering returns in excess of current or increased dividend or buyback?
There is no doubt the value proposition of an investment in WDS has changed. It is fact that WDS have stated they will be at top range, if not above, the gearing ratio... The SP is down 32% in 1yr and vs peers not great, it is clear that others in the investment community (and ones with deeper pockets) maybe feel the same...
It's easy to throw shade, harder to actually add any substance or value on a stock forum...
My opinion is this investment has been done purely for the glossy picture in the annual report, it stacks up in no other ways IMO.
WDS Price at posting:
$25.12 Sentiment: Hold Disclosure: Held
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