WES has good management, good market share, good products and huge growth potential with Coles, but was burdened with huge debt for the Coles buyout.
Capital raising was done at a strategic time which has raised $2.5B +, which is plenty to keep those greedy banks at bay.
We picked up extra WES in the offer (only to average down the unit holding costs) and I was a little nervous at the time - look at the CBA, BSL, QAN capital raising - SP kept falling after the capital raising, and some times you just think it is a bottomless pit that you are throwing $$$ in.
strongest of big stocks??, page-5
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Last
$70.04 |
Change
0.040(0.06%) |
Mkt cap ! $79.43B | |||
| Open | High | Low | Value | Volume |
| $70.17 | $70.44 | $69.68 | $92.58M | 1.322M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1467 | $70.02 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $70.05 | 4856 | 2 |
View Market Depth
| Last trade - 16.10pm 16/07/2024 (20 minute delay) ? |
| WES (ASX) Chart |