"DAR are civil engineers in M.East and build skyscrapers, roads etc. WOR are consulting engineers with some maintenance of about 10% of revenue. 70% of WOR's wk in hydrocarbon sector but good chunk of their fertliser/chemical wk is from M.East So overall about 75% of WOR's wk linked to oil&gas price. But almost all DAR's wk is dependent on energy price as their M.East customers have very little other source of revenue. So what appears to be diversification by DAR i.e. from civil into hydrocarbon/chemical/commodities is still largely dependant of same thing... energy price."
DSD, I suspect that, unlike you, DAR Group don't invest on the basis of guessing what the oil price might do overnight, or from one week or one month to the next, or even from one year to the next.
Instead, I suspect that, instead of hoping to make a few pips here or there by being lucky enough to be on the right side of random share price movements, DAR Group runs its business for the longer term on the understanding that oil prices go up and down over time, but that through the cycle there are businesses that will always remain profitable and will generate cash returns to their owners.
Why, I'll wager that the price of oil has for so long been such an intricate part of DAR's world that they don't even take much notice of it.
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Last
$13.86 |
Change
-0.120(0.86%) |
Mkt cap ! $7.649B |
Open | High | Low | Value | Volume |
$14.11 | $14.16 | $13.86 | $12.08M | 868.4K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
7 | 13996 | $13.86 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$13.87 | 2900 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 1000 | 14.100 |
2 | 20978 | 14.070 |
2 | 25834 | 14.060 |
2 | 12129 | 14.050 |
1 | 5741 | 14.040 |
Price($) | Vol. | No. |
---|---|---|
14.110 | 5741 | 1 |
14.120 | 27754 | 3 |
14.130 | 48372 | 6 |
14.140 | 17763 | 2 |
14.150 | 3229 | 1 |
Last trade - 16.10pm 27/11/2024 (20 minute delay) ? |
WOR (ASX) Chart |