- Joined
- 29 January 2006
- Posts
- 7,217
- Reactions
- 4,437
I found this chart handy:Oil & Gas up another +2.9% overnight
It's updated fortnightly and should give us an idea of how profitable WDS as time goes by.
WDS - Woodside Energy Group
- Thread starter markrmau
- Start date
It's updated fortnightly and should give us an idea of how profitable WDS as time goes by.
- Joined
- 19 October 2005
- Posts
- 4,133
- Reactions
- 6,073
@bigdog I got this from Nabtrade guide. No change to the cost price of your BHP shares since the petroleum division was demerged as a dividend not a capital reduction.
Cost price of your new WDS shares is what the market valued them on May 31. The closing price on that day? - I don't know.
So my understanding is you would then add this new cost to the cost of your old shares and divide by 2549 shares.
"What are the capital gains tax implications?
Because the distribution is being implemented via the payment of a dividend, the “capital” implications are minimal.There will be no change to the cost base of your BHP shares. If you originally purchased your BHP shares (for say) $30.00, then after the merger, your cost base is still $30.00.
The cost base for your new Woodside shares will be the market value of Woodside shares on 31 May, which on a per share basis, should be 5.534 times the BHP dividend. The acquisition date will be 1 June."
Garpal Gumnut
Ross Island Hotel
- Joined
- 2 January 2006
- Posts
- 13,344
- Reactions
- 9,450
Nobody from the AFR ever asks @Garpal Gumnut for a price target for WDS.
Do you know why?
1. I have not got a clue as to where the price will be tomorrow, let alone in 6 months, nor has anyone else.
2. The silly bastards at the AFR would not pay me enough for my throw of the dart.
gg
- Joined
- 20 July 2021
- Posts
- 10,978
- Reactions
- 15,244
WHY ??
you can't be telling me your dart would miss the price-board completely , and everyone else seems to be 'educated' guessing so why not pay you as well for a stab at the price
Country Lad
Off into the sunset
- Joined
- 11 July 2005
- Posts
- 1,555
- Reactions
- 1,491
What? Are they not ware of your dart throwing prowess gg? Not very well informed are they?
- Joined
- 29 January 2006
- Posts
- 7,217
- Reactions
- 4,437
I got this sent to me from the Ross Island Hotel, with an explanation of how you adjusted each throw to compensate for the last:
Sir Garpal explained the problem succinctly.
He was robbed.
More darts were on target but did not stick as their dartboard was facing its wood side.
- Joined
- 20 July 2021
- Posts
- 10,978
- Reactions
- 15,244
i solved that problem at my first job by buying heavier darts ( they banned me three weeks later when they discovered i was cutting the wires and STILL pinning the dart board to the wall )
( i got sick of the bludgers bouncing out )
Garpal Gumnut
Ross Island Hotel
- Joined
- 2 January 2006
- Posts
- 13,344
- Reactions
- 9,450
I just thought I would include a screenshot from Sharecafe of 2 years ago.
It is Morgans assessment of Magellan MFG. I've printed it out and keep it on the bar here at the hotel so's it doesn't get wet I've had it laminated.
It reminds me of what brokers are there for. To make money for the'selves
Now I am told that MFG which is or was run by a mob of Hamishes closed today some 13.6% down at $12.85 which is just a tad lower than Morgan's "target" price of $64.05. ( inner voice says where in gawd's name did they get the 5c. from.)
So, some would say it is unfair to pick a target from 20 months ago.
I don't, a target is a target.
Now MDS may get to $40, but buying it today because Morgans said it will is probably not "wise".
gg
I take broker target's with a 'grain of salt' so to speak but in saying that...
'Last week, Morgan Stanley described WDS as “one of the best global plays on gas,” and upgraded its outlook on the company to an overweight portfolio recommendation.'
'Last week, Morgan Stanley described WDS as “one of the best global plays on gas,” and upgraded its outlook on the company to an overweight portfolio recommendation.'
- Joined
- 20 July 2021
- Posts
- 10,978
- Reactions
- 15,244
does that mean they have the sell orders in place ??
just asking because that is what seems to happen when the BIG brokerage houses put out a recommendation ( to the plebs ) some of the smaller guys seem to try to ride the hype and sell near the top
- Joined
- 20 July 2021
- Posts
- 10,978
- Reactions
- 15,244
i also notice WDS is about to trade on the London Exchange as well as the US and ASX , does that make it ripe for naked short-selling on the international exchanges ( as well as all the FX arbitrage plays ) ??
i will be watching what the conservative ASX listed LICs do with their 'dividend ' ( do they keep the extra , off-load , or something else ) ( AFI for instance )
i will be watching what the conservative ASX listed LICs do with their 'dividend ' ( do they keep the extra , off-load , or something else ) ( AFI for instance )
Possibly lol well hope those sell order's may be up around $40 if that's their game here
- Joined
- 20 July 2021
- Posts
- 10,978
- Reactions
- 15,244
am still deciding on my WDS holding , if they upgrade staff using the BHP refugees , maybe it's a keeper , all the assets in the world don't help a poorly run company much
Oil price remained just below US $120 bbl however natural Gas rocketed up another +9.52% overnight!
P.S. WDS gained +6.79% in it's UK listing overnight
- Joined
- 29 January 2006
- Posts
- 7,217
- Reactions
- 4,437
The good news of sorts is that there is nothing on the horizon that suggests any significant downside, as global energy markets are in turmoil.Oil price remained just below US $120 bbl however natural Gas rocketed up another +9.52% overnight!
P.S. WDS gained +6.79% in it's UK listing overnight
Here's the past 3 year's natural gas price chart:
Had I gone back exactly 10 years then you would have noticed the average price was also $3.28, ie same as past 3 years.
UMike
Klutzing in Thai
- Joined
- 16 January 2007
- Posts
- 1,436
- Reactions
- 1,755
I actually have a sell price target of 42.5. (set in 2010).Another cracking day nudging $34.10
- Joined
- 20 July 2021
- Posts
- 10,978
- Reactions
- 15,244
good luck , with that
i am just happy i am in profit on them ( currently )
will i sell/reduce over say , $42 , i guess i will wait and watch first
