In reading the presentation yesterday, it is slide 26 that has got all the analysts "knickers in a knot". WDS is having to balance two conflicting objectives. One objective is the 4% compound annual growth rate in production (slide10). This is to be applauded as, based on all the reports, there is and will be a shortage of O & G for the foreseeable future due to under investment. To get that growth rate, there is a capital spend required, which is the negative objective (slide 26). If WDS does a sell down of it's interests, then the growth rate will decline, but FCF will increase.
Once again, we cannot have our cake and eat it too, it seems.
HT1
In reading the presentation yesterday, it is slide 26 that has...
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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 |
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| 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 |