WLD 5.00% 3.8¢ wellard limited

Ann: Wellard Releases Interim Financial Results for HY23, page-13

  1. 3,441 Posts.
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    So, WLD now has only the Ute. The Ute cost $15.8m in 2015. MAYBE it's worth half that now??? If that's right, and WLD has burned $2m since the HY print (which I think is a reasonable guess given its run rate ex extraordinary items), WLD will now have an $8m ship and about $5m net cash. And it's capped at, guess what, the sum of those two numbers.

    Where's the upside here?

    Personally I would only consider buying WLD at a third of NAV - so, about 0.8cps at most.



 
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