I totally disagree with your post
You don't understand the beef market in China.
FTA is opening huge live stock export market to wellard and other live stock exporter. That's why they are building new ship. Do you all those exporter are stupid to spend big money to build ships?
People in beef industry are buying wellard shares. Wellard grow very fast in the past few years. The ipo price doesn't reflect China market growth. The current main customers are south east Asia countries which cannot compare with Chinese market. You can't imagine how big the Chinese market is.
They partner with a big Chinese company to export live stock.
I see a great potential in wellard. Current price is significantly undervalued.
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Mkt cap ! $24.43M |
Open | High | Low | Value | Volume |
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1 | 488353 | 0.044 |
2 | 200000 | 0.043 |
1 | 92999 | 0.042 |
1 | 70676 | 0.041 |
Price($) | Vol. | No. |
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0.048 | 1835722 | 1 |
0.060 | 17864 | 1 |
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