WLD 0.00% 1.7¢ wellard limited

for bad reason: company financial situation is worsing now,the...

  1. 162 Posts.
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    for bad reason:
    company financial situation is worsing now,the company dont have enough working capital to operate the busniess now.
    If it is this reason,very very bad for shareholders.
    For good reason:
    Wellard need to seel Drover to take another position to new vessel Ocean Kelpie.There is no relation for the worsing fincncial situation.The biggest Vessl like Sheare/Drover always charted by another company,if there isn't any opportunity for long trip bussiness,sell the boat reduce blance sheet rather than charted with low margins.
    Hope because of good reason
 
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