Stock is definitely being manipulated. See it a lot when the bigger boys are accumulating. Have taken a screen shot on some of Friday's trades. See below.
Plenty of small trades selling the stock down after a rise. Can spot it a mile away. I will accumulate with these guys. The new vessel Ocean Sheerer cost US 90 million to build. 119 million aud equivalent.
What are the other 4 vessels worth? Business model seems pretty straight forward. Cattle prices are high in Australia so they direct half their shipping capacity to Brazil. Seems to be a pretty simple business model? Margin compressions experienced due to high Aussie cattle prices and mechanical faults caused delays with shipping schedules. I think the worst is behind wellard. It will take some time but the business is still profitable and it will get back on track. All IMO.
WLD Price at posting:
38.5¢ Sentiment: Buy Disclosure: Held
