Well Australian economy is doing well. At least compared to the rest of the world.
Over the next one year I expect it to give two final and one interim dividends.
Based on past performance i expect it to be 15 cents + 15 cents + 20 cents fully franked.
So if u buy at 4.90 today then after on year u already got 45 to 50 cents back.
Also, the company is growing and no mining tax. The more aussies make money and as the population grows and the use of internet . The better it is for the company.
I project it will be atleast 6.50 in the next 2 months.
Who are RBS to downgrade WTF . They should first grade their own stock. Its just a game they will downgrade and then buy and then upgrade :)
WTF Price at posting:
$4.90 Sentiment: Buy Disclosure: Held
