Well, my suspicions were correct, there was no way they could continue as was without an injection of capital. Might be worth a hard look in 12 months, however, if this raising doesn't suffice, as in to carry them over till cattle numbers have increased, can see it struggle for some time.
Pleased I sold the remainder last Monday.
Had a gut feel things were not great, long term they should be okay, will watch for lower prices when value is apparent for the longer term.
Ann: Wellard to raise $52 million, page-21
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Last
4.7¢ |
Change
0.000(0.00%) |
Mkt cap ! $24.96M | |||
| Open | High | Low | Value | Volume |
| 4.7¢ | 4.7¢ | 4.7¢ | $5.893K | 125.3K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 150493 | 4.7¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 4.8¢ | 1835722 | 1 |
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| WLD (ASX) Chart |