"People who were late to the WDS party and bought in the last few months should have an average cost of low AU$30s.
Let's assume an average price of AU$32, gross yield is 14%.
Many would've bought earlier and in the AU$20s, so their gross yield would be closer to 18%."
All true.
However, every day represents a fresh investment decision dependent on valuation.
On that score, I see my investment thesis for WDS being most of the way to being played out, so I have this morning commenced the exercise of reducing my now-outsized position in WDS.
Because I think that most of the alpha has now been delivered.
When the stock was valued at ~$20, it certainly wasn't pricing in today's prevailing oil and gas prices; but today the upside to the valuation level, implied by current oil and gas prices, is clearly not nearly as big.
.
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Last
$25.68 |
Change
0.190(0.75%) |
Mkt cap ! $48.70B |
Open | High | Low | Value | Volume |
$26.11 | $26.11 | $25.54 | $72.27M | 2.791M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
24 | 26353 | $25.67 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$25.69 | 6089 | 21 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
7 | 447 | 25.690 |
19 | 9790 | 25.680 |
12 | 22351 | 25.670 |
9 | 4550 | 25.660 |
15 | 8819 | 25.650 |
Price($) | Vol. | No. |
---|---|---|
25.700 | 4124 | 17 |
25.710 | 5139 | 15 |
25.720 | 4906 | 17 |
25.730 | 4789 | 9 |
25.740 | 2403 | 4 |
Last trade - 13.54pm 15/08/2024 (20 minute delay) ? |
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