Because debt refinance risks are gone for the next 2 years at least - gets rid of short term worries.
Most brokers valuations (ie underlying value of assets) is above $16/share so once the short term worries are gone it should trade more to that level.
Plus they were able to raise the funds easily & got $15 for the unplaced funds - well above the $13.50 basement level.
so why is it not trading under $14.00, page-2
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Last
$70.87 |
Change
0.540(0.77%) |
Mkt cap ! $80.37B | |||
| Open | High | Low | Value | Volume |
| $69.91 | $70.89 | $69.74 | $52.46M | 742.5K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 712 | $70.84 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $70.87 | 173 | 2 |
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| Last trade - 16.10pm 22/07/2024 (20 minute delay) ? |
| WES (ASX) Chart |