Coking Coal is now selling for $104/ton v $280 just over 2 yrs ago. WES have their huge open cut mine east of Emerald and 40% share in another. Mine has gone from incredibly profitable to break even yet the goodwill on WES books remains over 3 BILLION. Watch for a big writedown in coming months. My estimate: 1.5Billion.
Coles is firing as is Kmart. But SP likely to remain under some pressure imo. Don't have a position but watching closely.
standby for a 1,500m writedown by WES
-
- There are more pages in this discussion • 138 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add WES (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$70.65 |
Change
0.320(0.45%) |
Mkt cap ! $80.03B | |||
| Open | High | Low | Value | Volume |
| $69.91 | $70.89 | $69.74 | $19.15M | 272.4K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 63 | $70.65 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $70.67 | 54 | 3 |
View Market Depth
| Last trade - 14.48pm 22/07/2024 (20 minute delay) ? |
| WES (ASX) Chart |