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6.5¢ wellard limited

Only green support prohibition bill, liberal and labor support...

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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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(20min delay)
Last 6.5¢		Change 0.001(1.56%)		Mkt cap ! $34.53M

Open	High	Low	Value	Volume
6.6¢	6.6¢	6.5¢	$118	1.802K

Buyers (Bids)

No.	Vol.	Price($)
1	134212	6.4¢

Sellers (Offers)

Price($)	Vol.	No.
6.7¢	40000	1

View Market Depth

No.	Vol.	Price($)
1	134212	0.064
1	100000	0.063
2	111000	0.061
1	9300	0.054
1	33366	0.030

Price($)	Vol.	No.
0.067	40000	1
0.069	13018	2
0.070	80000	1
0.072	40661	2
0.073	20000	1

Last trade - 10.54am 09/10/2024 (20 minute delay)

WLD (ASX) Chart

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