Yes, and the only immediate affect of higher interest rates on WBT, will be better returns on the money they have in the bank. Of course the received wisdom on higher interest rates (and inflation) is that discounting of future earnings is correspondingly increased, resulting in a reduced SP. However, the error bars around WBT's future earnings are so wide anyway, that any such calculation is really nonsense at this stage. So the only explanation for WBT's falling SP today was general market sentiment.
Weebit - 2022 and beyond, page-2019
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Last
$2.55 |
Change
0.120(4.94%) |
Mkt cap ! $481.4M | |||
| Open | High | Low | Value | Volume |
| $2.49 | $2.65 | $2.46 | $3.607M | 1.405M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 8185 | $2.53 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.55 | 14261 | 2 |
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| Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
| WBT (ASX) Chart |