Listen to RDD's cautionary warning to be alert on capex - a major factor so often overlooked.
A useful reality check for a mature business is to compare depreciation to capex. Are they net investing or disinvesting?
Over at S32, the sale of the coal business was turned into an idle green V brown shouting match. I saw the real driver of the sale as the unceasing SIB capex needed to keep opening fresh seams, when better developmental capex opportunities lay elsewhere.
I remain bearish on WDS, not on capex, on profitability with falling LNG prices. When the Ukraine war ends, Europe will be sucking the Russian gas teat again immediately.
GLTAH
Ash
Listen to RDD's cautionary warning to be alert on capex - a...
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Last
$24.56 |
Change
-0.820(3.23%) |
Mkt cap ! $48.00B | |||
| Open | High | Low | Value | Volume |
| $25.04 | $25.41 | $24.50 | $151.7M | 6.067M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 14 | 4327 | $24.56 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $24.57 | 3661 | 21 |
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| Last trade - 15.58pm 26/09/2024 (20 minute delay) ? |
| WDS (ASX) Chart |