WLD 1.49% 6.8¢ wellard limited

Ann: Wellard Update-WLD.AX, page-87

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  1. 581 Posts.
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    WLD is hopefully going to be another MGC. Missed IPO forecast, multiple downgrades and is now trading 35% above where I bought them in a very short period of time as a result of panic selling.

    I have however sold half today and used some of the funds to buy WLD. Not because I believe MGC has run its course but because I bought way too many.

    There will probably be another wave of selling when WLD announce a loss for FY16 as a result of the listing and re-structure costs that the uninformed are not aware of.
 
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