You have to work that out for yourself re is it a buy. Certainly has dropped recently and would be hard to tie to mining services as 70% of its revenue comes from the energy sector with 30% made up from mining, infrastructure and chemicals as of last report. At a guess I would say the price drop is due to the oil price decline and is compounded by them being heavily represented in US shale oil support. Some shale oil producers would be feeling the squeeze atm as they are at the higher end of the production cost scale. Because of that maybe some of the smart money has been leaving. Just me pondering as to why as am a holder.
Any one else have any thoughts?
You have to work that out for yourself re is it a buy. Certainly...
Add WOR (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$14.12 |
Change
-0.290(2.01%) |
Mkt cap ! $7.448B | |||
| Open | High | Low | Value | Volume |
| $14.32 | $14.36 | $14.08 | $15.50M | 1.096M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 9526 | $14.11 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $14.16 | 97 | 1 |
View Market Depth
| Last trade - 16.10pm 23/08/2024 (20 minute delay) ? |
| WOR (ASX) Chart |