Two opposing forces at work:
1. The current downward trend line and the market's experiences with recent cap raisings where the sp declines to below issue price
2. The renewed confidence in WES's ability to withstand the current crisis. If the raising can dispel the current misgivings about WES's viability from a debt perspective and Goyder can give the market some credible direction of the Coles turnaround, this will be a good term long-term hold.
So short-term pain for long-term gain.
But as always DYOR...
wesfarmers tuesday trading resume, page-2
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Last
$70.13 |
Change
-1.260(1.76%) |
Mkt cap ! $79.53B | |||
| Open | High | Low | Value | Volume |
| $70.60 | $71.18 | $69.75 | $105.5M | 1.503M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 2819 | $70.12 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $70.15 | 5109 | 2 |
View Market Depth
| Last trade - 16.10pm 04/09/2024 (20 minute delay) ? |
| WES (ASX) Chart |