Aside from short term stuff like capital returns, I still fail to see how WES can have a sustained upward share price move from here due to its extreme PE - it's going to take either:
- New buyers to have the balls to keep paying such a high forward PE and for earnings to increase; or
- A substantial increase in earnings to bring that forward PE down AND justify a higher share price.
If it wasn't for capital gains tax... I would probably prefer to have money in a term deposit than the downside risk on WES at the moment... considering I just don't see any significant upside potential.
WES - what's next?, page-22
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Last
$70.01 |
Change
1.440(2.10%) |
Mkt cap ! $79.24B | |||
| Open | High | Low | Value | Volume |
| $68.99 | $70.40 | $68.84 | $35.21M | 504.4K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 8 | 424 | $69.99 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $70.01 | 539 | 14 |
View Market Depth
| Last trade - 11.40am 15/07/2024 (20 minute delay) ? |
| WES (ASX) Chart |