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
$74.81 |
Change
0.360(0.48%) |
Mkt cap ! $84.84B |
Open | High | Low | Value | Volume |
$74.36 | $74.81 | $73.75 | $72.23M | 969.5K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 210 | $74.65 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$74.83 | 2173 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 210 | 74.650 |
2 | 104 | 74.500 |
1 | 4325 | 74.440 |
2 | 298 | 74.400 |
1 | 4325 | 74.380 |
Price($) | Vol. | No. |
---|---|---|
74.830 | 2173 | 1 |
74.870 | 335 | 1 |
74.890 | 67 | 1 |
74.950 | 60 | 1 |
74.990 | 1143 | 2 |
Last trade - 16.10pm 21/08/2024 (20 minute delay) ? |
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