re: over valued Dividend sustainability (and hence yield) will over the long term govern the SP as much as anything. Look at Hills. Always trades on a reasonably high PE but realistically supported by the dividend yield (ie. same as WES pays out all its earnings). WES, however, currently has no need for the dividend re-investment plan to afford this, unlike Hills.
As for WES in the mid-20s, unless there is much more negative info in the market than now I will sell my house and buy as many as possible. OK, not the house, wife won't allow that. But I will by some. I think current SP is reasonable value (although haven;t bought any). If it reaches the $31 odd as per that broker then I will definitely buy a handful.
MJS
news re future prospects, page-6
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Last
$66.62 |
Change
-0.660(0.98%) |
Mkt cap ! $75.55B | |||
| Open | High | Low | Value | Volume |
| $66.80 | $66.94 | $66.25 | $76.70M | 1.146M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 3984 | $66.58 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $66.68 | 280 | 1 |
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| Last trade - 16.10pm 01/11/2024 (20 minute delay) ? |
| WES (ASX) Chart |