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1.49% 6.8¢ wellard limited

Write downs of ships

  1. Loss
    61 Posts.
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    23/08/16
    11:20
    Post #: 18604563
    The most interesting part of the results won't be the excuses management make about current business conditions. It will be the extent of the write downs of the carrying value of the ships. Expect these to be fairly large. This will also dampen the FY17 outlook, as investors come to realise there will be no quick recovery.
    WLD Price at posting: 37.0¢ Sentiment: Sell Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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