WLD 4.17% 2.3¢ wellard limited

my view for wellard, page-7

  1. 196 Posts.
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    Na... Only sale and leaseback under operating lease is off balance sheet. WLD's fleets are financing lease which are balance sheet item. WLD accounts for depreciation as expense /lease repayment as liability. WLD has substantial economic risks rather than the lessor and is liable to balloon payment at the lease end to purchase the vessel.
 
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