Yes! The company is getting executives in order for further growth. Wellard has now had a number of positives but still the SP languishes. Understandable given significant decline since IPO, given negative events and delayed reporting to ASX/investors on occasion. So instos are very wary.
Nevertheless, I'd expect a re-rating at sometime. However, realistically a positive re-rating may not occur until next reporting season, where financials are revealed. Evidence called for now, not just good news, business strategy changes/gains, or new management team members.
For me, I will buy on lows during the current period rather wait for financial gains to manifest into higher SP in the next period.
Ann: Operating Update Including Indonesia Permit Release-WLD.AX, page-3
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3.5¢ |
Change
-0.001(2.78%) |
Mkt cap ! $19.65M | |||
| Open | High | Low | Value | Volume |
| 3.6¢ | 3.8¢ | 3.5¢ | $11.21K | 314.4K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 100037 | 3.4¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 3.7¢ | 112643 | 2 |
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| Last trade - 14.57pm 31/07/2024 (20 minute delay) ? |
| WLD (ASX) Chart |