Q: ANY GOOD REASON WHY THE SHARES HAVE GONE UP 25% IN JUST THE LAST MONTH. THE HIGH DIVIDEND IS ATTRACTIVE AND THE STOCK IS TRADING WAY BELOW ITS MARKET VALUE. YOUR OPINION WOULD BE APPRECIATED. THANK YOU.
5i Research Answer:
WEF has rallied with interest rates, which help the sector, but is still down 26% for the year and 37% over 52 weeks. Note the dividend was cancelled in November 2023 and none is paid currently. This week WEF announced it would be cutting production. It is still losing money. With its losses and outlook and omitted dividend and small size we would continue to be not interested here.