The evidence suggests that WES sector is in a bear market.
The retail sector reasonable Pe rations are around 14 to 18.
The only reason WES has a Pe of 30 is due to the low return for cash in the bank which is .5%. Investors are chasing yield and in doing so are driving share prices to ridiculous levels.
The director of WES expected that 15% of profit was driven by panic buying. If this is correct you can reduce the share price by 15% without any other factors. If the there is a market correction you can reduce the share price by 30% based on a reduction of PE back to reasonable values.
49.85 minus 15% $42.37 minus 30% $29.66
If there is recession prices could fall to $25 to $27
March 26 2020 it was $32
Since march 2021 WES has lost 12% of its value.
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The evidence suggests that WES sector is in a bear market.The...
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Last
$68.31 |
Change
1.830(2.75%) |
Mkt cap ! $77.47B |
Open | High | Low | Value | Volume |
$67.00 | $68.68 | $66.65 | $112.3M | 1.652M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 2161 | $68.31 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$68.35 | 1000 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 2161 | 68.310 |
2 | 336 | 68.290 |
1 | 770 | 68.270 |
4 | 23402 | 68.260 |
3 | 4401 | 68.180 |
Price($) | Vol. | No. |
---|---|---|
68.400 | 800 | 1 |
68.440 | 211 | 1 |
68.500 | 488 | 2 |
68.600 | 2150 | 2 |
68.620 | 836 | 3 |
Last trade - 16.10pm 03/05/2024 (20 minute delay) ? |
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Last
$68.47 |
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Change
1.830 ( 2.90 %) |
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Open | High | Low | Volume | ||
$66.81 | $68.68 | $66.72 | 339467 | ||
Last updated 15.59pm 03/05/2024 ? |
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WES (ASX) Chart |