But is 'not having to do another capital raising' enough reason to buy/hold a share? I try (sometimes unsuccessfully) to predict what future earnings are likely to be.... and IMO (and I'm no expert) if 12/12 brokers on Commsec expect EPS of WES to drop in FY10....then why would the SP/PE keep going?? This mkt is a strange beast... but in-the-end i find that 'fundamentals rule' and mkt seeks/pays-for 'value' rather than just sentiment.
WES may keep going.... but i reckon the risk/reward ratio indicates more downside than upside from here. Current SP is almost double what the retail SPP of $13.50 was in February. Surely profit-taking will eventuate? well that's my theory. def DYOR.
re Oakajee. It will go-ahead but without the steel mill is my guesstimate. Main winner from construction revenue is WOR and whoever gets the rail/port contracts... possibly a joint LEI/MAH venture. But that is 12-24 months away... a lifetime in this crazy volatile mktplace.
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Last
$70.68 |
Change
-0.310(0.44%) |
Mkt cap ! $80.16B |
Open | High | Low | Value | Volume |
$71.38 | $71.48 | $70.03 | $68.16M | 964.1K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 2680 | $70.68 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$70.69 | 327 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 92 | 70.630 |
1 | 2734 | 70.580 |
1 | 92 | 70.450 |
1 | 5027 | 70.420 |
1 | 5027 | 70.360 |
Price($) | Vol. | No. |
---|---|---|
70.760 | 5027 | 2 |
70.790 | 310 | 1 |
70.800 | 125 | 1 |
70.810 | 5027 | 1 |
70.870 | 5027 | 1 |
Last trade - 16.10pm 27/09/2024 (20 minute delay) ? |
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WES (ASX) Chart |