WLD 4.35% 4.4¢ wellard limited

Ann: Wellard Reports Maiden After Tax Profit of $2.9 million, page-12

  1. 377 Posts.
    lightbulb Created with Sketch. 34
    Interesting stock

    If Net asset is worth like $109M, but the market value of this whole company is only $30M, why not just close down, sell the assets and return $109M to shareholders ???

    Even if sell at 50% discount, it's still $54M which is more than the market cap of this company. 
 
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