The 'intelligent' is factoring in these moving parts, factoring in lower dividends especially post FY27, and then calculating the a reasonable margin of safety price to acquire additional WDS shares.
The 'ignorant' is factoring in historical dividends over the last year or so, and ASSuming that those historical dividends will be paid in the future, without understanding that WDS is a resource company, its not a widget company, pushing out widgets at a constant price and a constant margin
Exciting times, very happy
And gotta love retail investor's stickyness with their focus on the rear view mirror.
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