WLD 12.0% 2.8¢ wellard limited

is morgans wrong?

  1. 1,796 Posts.
    lightbulb Created with Sketch. 2
    I read morgans research report last night
    they are predicting Gross margin to fall to around 60mil ish from 85mil, ebitda of only 30 mil in F17 and NPAT of approx $0m, as no tax paid, share price valuation 35c- upon which it is trading approx now.
    Seems pretty extreme, considering the shearer is in full flight in brazil.

    morgans calls have been wrong in the past
    Last edited by tbecker101: 25/08/16
 
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