asf my intention was to draw similarities on the share price performance of the 2 following the takeover approaches,fortunately for us our share registrar is pretty tight so we are not subject to hedge funds shorting or playing with the stock.
We traded very close to the offer price at 0.58 this time last year and are now closer to where we were prior at 0.25 the market clearly has little faith in a deal being struck.
DMl is very much a basket case as you put it and their slide from the run up after the takeover offer is far greater but we are both heading in the same direction.
As many stocks are now getting back to pre GFC levels we are along way off 2010's 78 cents or further back 08,s 0.65
As you point out there are many differences between the 2 but my feeling is takeover uncertainty is weighing heavily on both share prices despite the fundamentals.
WCL Price at posting:
31.0¢ Sentiment: Hold Disclosure: Held
