Sorry for the late reply. I can't really add that much other than reiterate my positive opinion on WWM. They'll be disappointed the VES transaction didn't lead to more. Yes they made profit in the ST, but there was more to VES than making 700k.
I would have preferred to see no divi and the buyback continued, however to each their own. It sends positive signals to the market and management get their payday.
You only have to look at the state of the property market in this country to know the fundamentals are there for WWM. As long as management keep their heads screwed on (and I have confidence they will) WWM will do well. Happy to hold.
Cheers,
James
WWM Price at posting:
66.5¢ Sentiment: LT Buy Disclosure: Held
