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2.99%

6.9¢ wellard limited

26 trading days without 2 up days in a row, page-4

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Edisonwanxin

430 Posts.

07/06/16

11:40

Post #: 17970715
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Originally posted by cheplan ↑

I was able to speak with the analyst at UBS who heads up research into Wellard and was involved in the initial research into its IPO listing. He was surprised by the drop in share price given Wellard's fundamentals, but could explain a number of factors that were probably contributing to it:

1) Tardiness with reporting to ASX on occasion
2) A few shipping issues (fire, delays)
3) Instos and investors realising capital losses within this financial year
4) Market falsely perceiving a loss of business/reputation associated with Japan's livestock suspension (prior to Wellard's ASX release stating that they had little exposure to Japan)
5) The Greens seeking to phase out live export trade. If their Prohibition Bill was passed it would end live exports from Australia.

The analyst believed that point 5 is a threat to Wellard's business but is highly unlikely to occur (Bill won't be passed). However, the analyst acknowledged that (perceived) uncertainty probably exists for investors in Wellard in the present election climate, which may be affect SP.

Speaking only for myself, Wellard still looks good.

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Only green support prohibition bill, liberal and labor support live export. So, do not vote green.

WLD Price at posting: 59.0¢ Sentiment: Buy Disclosure: Held
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0 Great analysis

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(20min delay)
Last 6.9¢		Change 0.002(2.99%)		Mkt cap ! $36.65M

Open	High	Low	Value	Volume
6.6¢	6.9¢	6.6¢	$85.88K	1.262M

Buyers (Bids)

No.	Vol.	Price($)
2	166646	6.6¢

Sellers (Offers)

Price($)	Vol.	No.
6.9¢	40834	1

View Market Depth

No.	Vol.	Price($)
2	166646	0.066
2	251467	0.065
1	50000	0.063
1	100000	0.060
0	0	0.000

Price($)	Vol.	No.
0.069	40834	1
0.071	13000	1
0.073	20000	1
0.075	55000	1
0.079	13000	1

Last trade - 16.10pm 12/11/2024 (20 minute delay)

WLD (ASX) Chart