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4.55% 4.6¢ wellard limited

Nope I have been nibbling too Watching a sp daily is not good...

  1. gordon_gecko
    580 Posts.
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    16/06/16
    12:15
    Post #: 18046251
    Nope I have been nibbling too

    Watching a sp daily is not good for your health unless you are a trader.
    Beef prices are up 20c/kg over the past week and Indonesian is facing a shortage.
    They are making profits, they have a busy schedule and FY17 could be starting well with some of FY16 revenue (and possibly off a lower cost base).

    The future pe and div yield at these prices will be about 9 and 5.5% respectively. As always there are risks but I have not seen their proven business model fall flat yet. I am not seeing a drain on cash. I am not seeing an urgent need for refinancing. Yes the sp can fall further given we are close to tax year end and I don't know where the bottom is but do know I'll continue to buy into the storm.

    DYOR and see what pricing you come up with.
    WLD Price at posting: 43.8¢ Sentiment: None Disclosure: Held
    Likes Created with Sketch. 2  Upvote
    lightbulb Created with Sketch.  Great analysis
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