Ann: First Quarter 2024 Report, page-19

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CbrMaroon

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20/04/24

10:37

Post #: 73436547
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Originally posted by stones66: ↑

Yeah, CM you are right. WDS has been limping along and lagging the market. But on the back of poor results Friday, I saw great value early and increased my holding. With bad news I often see opportunity. Then the news out of the ME arrived mid-morning and gave a sudden boost which was nice. It is rare to get such timing. My $35 prediction was more tongue in cheek. (If you check out NAB threads, you will see I made similar SP statements last year and that fortunately came to fruition.)

In my opinion WDS has been the target of environmental activism particularly by some institutional investors which has created uncertainty in the future direction of WDS. The SP has suffered as a result. But I do see that WDS will continue to provide a good dividend income going forward as I really can't see the demand of oil and gas dropping off to deathly levels in the next 20 years.

Time will tell. My aim is to take a dividend where I can, and in addition, any capital gain (equivalent to a full year's dividends) will prompt me to pocket my profits.

Time in the market for me. I am averaging $29.70. Let see what happens.

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Yes thanks. Agreed as to those environmental factors, but possibly brought on by the often green woke evocative nonsense from the CEO and such. Not sure about the sustainability of those already declining dividends, reducing revenue, and that substandard quarterly report, does not bode well. Still claim the business needs a change of leadership to get that balance right and restore market confidence. Chairman needs to do much more than write some letter prior to the AGM.

WDS Price at posting: $29.40 Sentiment: None Disclosure: Held
1 Upvote

1 Great analysis

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