WLD 9.68% 6.8¢ wellard limited

Ann: Senior Executive Restructure, page-18

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  1. 3,528 Posts.
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    @TheFriar yeah IMHO you're being just a smidge optimistic. At IPO price it would now be capped at about $750m given the extra paper on issue. And this for a company that just lost over $70m on less than $500m in revenue. Hell, they even lost $10m on a single shipment!!! To describe management as incompetent insults incompetents. At 17c you've valued WLD at $100m - why do you think it's worth that? How do you see them being anything other than loss-making for the foreseeable future? Or did you not go into that level of detail when you hit the buy button.
 
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