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
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Last
$74.77 |
Change
-0.040(0.05%) |
Mkt cap ! $84.76B |
Open | High | Low | Value | Volume |
$74.80 | $74.87 | $74.36 | $22.30M | 298.5K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
4 | 95 | $74.76 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$74.78 | 271 | 6 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
11 | 215 | 74.730 |
8 | 499 | 74.720 |
5 | 253 | 74.710 |
3 | 198 | 74.700 |
5 | 269 | 74.690 |
Price($) | Vol. | No. |
---|---|---|
74.760 | 379 | 3 |
74.770 | 152 | 4 |
74.780 | 298 | 5 |
74.790 | 215 | 4 |
74.800 | 186 | 4 |
Last trade - 12.54pm 22/08/2024 (20 minute delay) ? |
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WES (ASX) Chart |