Margins, page-105

Purchased again this morning.   I tend to be overly optimistic in character (I assume tomorrow will be better than today).   Logically, I know this is not always the case.  For me though, the issues of shipping delays are short-term with no loss of orders as they have been re-scheduled to occur in July.   

Deutsche analysts today have said the shares were trading at a 52 per cent discount on their revised valuation of $1 a share.   See: https://au.news.yahoo.com/thewest/countryman/a/31830190/bank-urges-investors-to-stick-with-wellard/

The West Australian on Saturday 11 June, interviewed Wellard's Mauro Balzarini who said:
1) he has a 36.6 % holding in Wellard (we knew this)
2) is in it for the long haul (we assumed this, given his long history with Wellard)
3) is relocating to Singapore to better run international operations (new)
4) does not understanding why the market has priced Wellard so low, given that he believes the company is sill a great business (this personal judgment maybe worth something given is position, experience and history with Wellard)

See: https://au.news.yahoo.com/thewest/wa/a/31814539/export-chief-in-it-for-the-long-haul/