Yeah, CM you are right. WDS has been limping along and lagging the market. But on the back of poor results Friday, I saw great value early and increased my holding. With bad news I often see opportunity. Then the news out of the ME arrived mid-morning and gave a sudden boost which was nice. It is rare to get such timing. My $35 prediction was more tongue in cheek. (If you check out NAB threads, you will see I made similar SP statements last year and that fortunately came to fruition.)
In my opinion WDS has been the target of environmental activism particularly by some institutional investors which has created uncertainty in the future direction of WDS. The SP has suffered as a result. But I do see that WDS will continue to provide a good dividend income going forward as I really can't see the demand of oil and gas dropping off to deathly levels in the next 20 years.
Time will tell. My aim is to take a dividend where I can, and in addition, any capital gain (equivalent to a full year's dividends) will prompt me to pocket my profits.
Time in the market for me. I am averaging $29.70. Let see what happens.
Yeah, CM you are right. WDS has been limping along and lagging...
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Last
$27.28 |
Change
0.110(0.40%) |
Mkt cap ! $51.79B | |||
| Open | High | Low | Value | Volume |
| $27.16 | $27.43 | $27.08 | $103.0M | 3.752M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 200 | $27.27 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $27.29 | 183 | 1 |
View Market Depth
| Last trade - 16.10pm 03/05/2024 (20 minute delay) ? |
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Last
$27.26 |
Change
0.110 ( 0.41 %) |
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| Open | High | Low | Volume | ||
| $27.15 | $27.43 | $27.09 | 959566 | ||
| Last updated 15.59pm 03/05/2024 ? | |||||
| WDS (ASX) Chart |