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$15.22 worley limited

@Esmer you state "The dividend yield is enough to support a...

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17/09/21

02:30

Post #: 56133557
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Originally posted by Esmer: ↑

As far as technical analysis is concerned, today's trade was at the bottom of the worst conceivable trend line.

Of particular interest is a strong support level that held firm in early February at a very similar level to today's prices. Another indication of support is that there was huge volume today, even after subtracting Jacobs sale.

If the SP goes down further, then the next major support level is at $9.10. If this is the direction it is going then there must be something seriously wrong at WOR that has not been disclosed. The dividend yield is enough to support a price above $10.00.

In summary, the SP now appears to be at a strong technical support level. Perhaps this may have influenced the price that Jacobs was able to achieve.

Now some fundamental analysis. Did Jacobs sell today because they needed the money, or because they know something or think WOR is going lower? The answer to this question is probably more critical than any technical analysis.

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@Esmer you state "The dividend yield is enough to support a price above $10"

But are future profits enough to sustain the dividend?

How long can EPS continue to be lower than the dividend paid?

WOR Price at posting: $9.79 Sentiment: None Disclosure: Not Held
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(20min delay)
Last $15.22		Change 0.010(0.07%)		Mkt cap ! $8.023B

Open	High	Low	Value	Volume
$15.24	$15.27	$15.21	$377.3K	24.77K

Buyers (Bids)

No.	Vol.	Price($)
11	1042	$15.21

Sellers (Offers)

Price($)	Vol.	No.
$15.22	717	7

View Market Depth

No.	Vol.	Price($)
8	848	15.230
6	715	15.220
7	2444	15.210
8	3576	15.200
7	4160	15.190

Price($)	Vol.	No.
15.240	1143	7
15.250	1385	8
15.260	1308	6
15.270	1156	6
15.280	2037	7

Last trade - 10.15am 28/05/2024 (20 minute delay)


Last $15.23			Change 0.010 ( 0.02 %)
Open	High		Low	Volume
$15.24	$15.24		$15.21	688497
Last updated 10.37am 28/05/2024 ?

WOR (ASX) Chart