We should appreciate the resistance & negativity towards WPL's Scarborough project. Video below makes references to "IF" Scarborough goes ahead, and if so, it will be the LAST mega LNG project for WPL.
The way I read this, is that there isn't (and may never be) investor appetite to back WPL at growth level SP levels (at say $30). There is a real chance that it wont meaningfully rise above $25, and instead existing SH's will be rewarded by 10% dividend payouts for a number of years.
It is hard to deny the change in the "financial climate" over 2021. There is no other way to reconcile WPL @ $27 earlier this year, with lower POO, and greater uncertainty in Scarborough FID and Scarborough funding, with WPL @ $22 today.
We may need to prepare for $1+ dividend and WPL still at $23 in early 2022.
Hope I am wrong though.
Cheers.
LNG Future is discussed at 20min mark in this video.
- Forums
- ASX - By Stock
- WPL@$30
We should appreciate the resistance & negativity towards WPL's...
-
- There are more pages in this discussion • 1,324 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add WDS (ASX) to my watchlist
|
|||||
Last
$26.87 |
Change
-0.225(0.83%) |
Mkt cap ! $51.28B |
Open | High | Low | Value | Volume |
$27.00 | $27.07 | $26.83 | $44.31M | 1.643M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
10 | 2472 | $26.86 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$26.87 | 1289 | 7 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
19 | 6308 | 26.850 |
17 | 5149 | 26.840 |
21 | 9074 | 26.830 |
13 | 6071 | 26.820 |
15 | 10944 | 26.810 |
Price($) | Vol. | No. |
---|---|---|
26.860 | 1069 | 6 |
26.870 | 7422 | 20 |
26.880 | 5703 | 15 |
26.890 | 6739 | 12 |
26.900 | 4065 | 9 |
Last trade - 11.54am 29/08/2024 (20 minute delay) ? |
Featured News
WDS (ASX) Chart |
The Watchlist
HAR
HARANGA RESOURCES LIMITED.
Peter Batten, MD
Peter Batten
MD
Previous Video
Next Video
SPONSORED BY The Market Online