I got the passage below from a respected broker this morning who...

I got the passage below from a respected broker this morning who bought in on the IPO.  Hopefully the shorters have been pushing things down with manipulation and ultimately this will come to an end and the SP will start to reflect the business.


Wellard (WLD) – we spoke to the company again on Friday. The company was not able to offer any good reasons for the continued share price pressure. The company did slightly miss prospectus forecasts in February and downgraded guidance slightly. Their new ship, ‘The Shearer’, that was supposed to be finished in March, was delayed until April in the February announcement. This will be delivered this month. They also reiterated the earnings guidance they gave in February which gives us some confidence. The company is very cheap if they deliver on their earnings forecasts.