We are all cheesed-off with management and the brokers who clearly floated this company at way above its real intrinsic value. SP is now just one third of that only 6 months ago!! Those buying at float and just after have every right to feel the info provided was poor and way over inflated/optimistic and are probably ropeable. But whats done is done.
Now we have a company with substantial assets and experience is buying, transporting and selling livestock. A niche but substantial mkt that requires expertise, established contacts, working knowledge of multiple layers of red tape etc. Its loading 6 ships as we speak. Some sales will fall into FY17 (just 2 weeks away) but its still cash in the till. i.e. a company not without merit esp at 46c. dyor.
WLD Price at posting:
45.5¢ Sentiment: Hold Disclosure: Held
